Another great post by Reece
Let's compare then and now.
THEN:
1. You must register for minimum of 2 years, no choice.
2. You pay slightly under $50/2 years if my memory still serves me and no such thing as refund.
3. No place to learn about domaining.
4. Know how was big secret. It was all trial/error/learn method.
5. You rarely find buyers willing to pay more than $50.
They usually say "why pay more when I can register something similar myself" and they were right since they actually could unlike today.
6. If you decide to start a web site - You need to pay top $ for crappy web site unless you know how to write html codes in notepad.
NOW:
1. You can register for 1 year.
2. You pay less than $8/year and can get refund if you wish.
3. Many places to learn about domaining.
4. You meet many nice people who will teach you many know how.
5. From my experiences, average enduser sales are about $500 to $1K currently.
Buyer can not find available domain names that actually make sense any more.
6. If you decide to start a web site - There are many places that shows you how to create web site. No money? No problem. There are many free scripts and free nice looking templates.
Plus, new niche markets are being created everyday.
Just pay attention to what's happening around you.
New opportunities are being created everyday for you to take.
For example, before there was 2G (GSM) and then 3G (UMTS).
Now, 4G is coming
There will be thousands of new valuable domains that you can
register for every new things such as new technologies, new
way of living, new trends...
It's good to have money, but, it's not everything.
1. You have lots of money, but, know nothing about domains.
2. You have little money, but, you know almost everything about domains.
3. You have lots of money and know everything about domains.
Which one are you?
Great if you are #3, but, if not, I rather be #2 than #1 because
#1 will soon lose "lots of money" in domaining.
