Every domain name investor was a newbie at some point and time and every single day somebody else get’s their feet wet into domain investing. Here is a quick resource guide to touch on somethings to try and help you along the way.

~ Adding the word "Premium" to a sales listing on a non-premium domain name will not help you sell a crappy domain name. The best way to sell a domain name is by purchasing a good one in the first place.

~ You can purchase and sell a domain name on the very same day you purchased it (most major TLD’s). The 60 day "hold period" is to transfer the domain name to a new registrar. Nearly every domain registrar allows an internal "push" which is used the majority of the time when a domain name is sold.

~ If you have a question about domain names, domain forums are not always the best place to get your answer. Search Engines are a very helpful tool and be sure to use tools like the blogsearch.google.com feature. Domain blogs have become some of the best learning tools for new domain investors and seasoned domain investors as well. Not everything you read on the internet is true.

~ Paypal is not the best way to accept money when you sell a digital product. Chargebacks are done with ease and often will result in the lose of your domain name. The buyer has better protection then the seller. Use escrow services for the majority of your domain sales. Escrow.com, EscrowDNS.com or Sedo.com .

~ Quality is much more important then quantity. Renewal fees may seem low, but all add up.

~ Stay away from purchasing trademarked terms. Just because Google.com get’s a ton of traffic doesn’t mean adding the term Google into your domain will result in it getting traffic or make your domain "valuable". What it can do is lead you to a date in court.

~ Patience.

~ A domain investor should have basic development skills. Get to know WordPress.

~ Watch trends but do not always buy or sell based on a trend. Hot news today becomes old news tomorrow the majority of the time. Purchase domain names that will represent something for a long time. NewBikes.com YES, HillaryForPresident.com NO. ElectricCars.com Yes, JetCrashAirFrance.com NO. Taking a chance from time to time is OK, but often will not bring results.

~ Not everybody sells domain names for Thousands or Millions of Dollars! Although many are reported, keep in mind that Tens of Millions of domain names are registered. Just because a domain name is reported sold for $5,000 doesn’t mean the seller didn’t pay $7,000!

~ Ask if you do not know, but make sure you ask the right person. Understand the persons intentions. Reps at registrars are sales people as well.

~ Do not put all your eggs in one basket. If you are a domain name investor, do not rely 100% on domain sales for your income.

~ Just because a new TLD is coming out, doesn’t mean you should rush in and buy a bunch. Most peek early and then fade. Many fade with no peek. .com is King for a reason and will likely never fade.

~ Use the hundreds, if not thousands of FREE tools provided but always keep in mind that they are tools.

~ Only you can tell if a domain name is "good". If you and one other person think it’s good, you hold a chance at selling it. If you and thousands of others think the domain name is good, you are doing things right.