In my early days, I sold around $7k worth of domains in insurance via outbound, and to my surprise, not many other domain investors talk much about insurance🤷♂️
IMO it is one of the most underrated niches. Sharing what I've learned and how you can get started👇 #domains
Why Insurance?
Insurance is one of the biggest industries worldwide. "Insurance Market size was valued at USD 4.47 Trillion in 2020 and is projected to reach USD 224.34 Trillion by 2028."
So go where the money is, simple as that.
High CPC! High Demand!
All these insurance agencies/companies need leads/customers, and they are spending a ton of $ on Google - The average CPC cost is $3.44, which goes up to $280.
A good combo keyword domain can help them cut marketing expenses.
How To Find Domains?
Insurance is a vast industry, so avoid going broad. Break it down into sub-niches like health, life, auto, medicare, property, etc.
The key is finding meaningful, good keyword combo. The name will sell even if it is a 3-word domain with a commercial value.
Where To Find buyers?
There are many sources where you can find potential suitors, such as Google, Dotdb, Linkedin, etc. I wrote a detailed blog post on how I sold one of the insurance domains. The link is below👇
Whom To Reach?
You can reach out to agencies, companies, and independent agents; if you are selling a domain for XXX figure price range IMO, you'll be wasting your time by reaching out to big corps. They don't care unless it is a category-defining term.
Cont...
Your best bet would be small-med size businesses. They are fighting every day for their survival and looking to grow. A nice domain name will add more value to their business than big giants.
That's it for now. I hope you like it🙏
I ain’t selling your *newly born* *make me rich* insurance domains, so please stop sending me messages/emails🙏 #nooffense
• • •
Missing some Tweet in this thread? You can try to
force a refresh
Via outbound, I was flipping domains daily, making
$ 1,000+ a week, and one of the main hurdles was getting my emails to land in the inbox.
Because if the emails end up in the spam box, no one will see them, and if they don't see them, there is no sale.
Sharing a tip(hack)🧵👇
If you are only using your primary domain for outreach, you need to stop doing because sooner or later, your domain will get blacklisted, and your emails will go to the spam folder.
Try this hack:👇
- Registering CCTLDs based on your target countries.
DOT UK for the UK, DOT AU for Australia, DOT IN(IND). You don't really need a DOT US for the USA as dotcom is very common over there, but it's worth giving a shot, IMO. The same goes for the DOT CA(Canada)
First thing first, you need a good domain, no matter how good you are over the phone or how well-crafted your email is; if the domain you are selling does not bring value to your prospects, it won’t sell.
For example:
Cont..
if you own LondonRealEstate/com, your potential buyers should be either LondonRealEstate/net or London-RealEstate/Com, those using a 3-4 word domain name and real estate companies based in London.
When I started as a domain investor, I hand reg domains like:
Creditdefenseattorney/com - Sold for $299
Longislandcarservice/com - Sold for $200
Storagenearme/net - Sold for $300
Sharing how I found them and flipped them quickly via outbound👇🧵
Now, Before I buy any domain, I use a few quality parameters to ensure the domain is sellable, like:
✅It should be dot com
✅How many extensions are taken and developed
✅Industry the domain falls into
✅Search volume CPC and more
Search Volume:
IMO, SV is one of the most critical metrics in selecting your domain, especially if you rely on outbound, and the reason is simple if no one is searching for the keywords, it is going to be hard to convenience a buyer to pay for it.
It is frustrating when you do the outreach & convinces the prospect to buy your domain, but the buyer never completes the transaction🤷♂️
There can be many reasons, and based on my experience, one of the reasons I found out was that I was slow to respond.
Let's dive in👇🧵
In outbound, the longer you wait, the sooner the lead gets cold.
So avoid giving enough time to buyers before they change their minds.
These two steps should be your priorities:
1)If you are using @Undeveloped to complete the transaction, so as soon as you get a positive response from the buyer, quickly open your dan a/c & click on "sales," & on the right side, click on the green box “add new lead.”
Fill in all the details, but don’t click on “add” yet
I had a budget of only $300-$500 when I started investing in domains, and I ended up selling $25k worth of domains in a few months via outbound.
💡If you are new to domains with a limited budget and thinking about flipping domains via outbound, then these 9 tips are for you👇
1) Start with your niche
Do you like photography? Then start with names related to photography. Are you in crypto? Find names in the crypto space same goes for NFTs.
It'll make your life easier as you know the trait and gives you a cushion in finding buyers relatively easy
Cont
compare to going completely cold. Your network is your net worth. Make the most out of it.
Ever try making multiple offers simultaneously rather than just giving away your price?
Instead of saying my ask is this much($), you can give them(buyers) option A, provide them with option B, or do option C.
More...
The reason to do this often is you don’t know where they have more or less flexibility.
Option A can be your asking price, option B; you explain to them lease to own, option C, let them know how they can purchase the domain name via domain marketplaces
Or (Cont…)
be more flexible in payment options and let them know that you can even accept payment in crypto.
When you give your buyers two or three different ways of doing it, you’re not only signaling flexibility (which they appreciate), you can say legitimately to them: