- Impact
- 30,442
Now this is rather simple, but I feel I need to restate the obvious after reading many posts here (e.g. appraisals) and questions I am constantly being asked.
There are more possible reasons for that domain being still available, like for example:
- This is a new trend and domains are still available - and is it, really? Are you 100% sure it will sell sometimes soon OR you might be just blindly throwing money at something in hope of a lucky strike?
- This is a fresh new TLD and domains are still available - Important note, if it costs $499 to renew, there's your reason. (and also the reason you might not sell any of them...)
- You have scoured 5 million names and found 5 that are acceptable - good for you!
- This domain has just expired/dropped and it's still up for the grabs (note, if DropCatch etc. hasn't gotten it yet, and/or it is still available 30 minutes AFTER it dropped, it might still fall in the next category...)
- These domains are utter c**p, so nobody wants them.
The vast majority of available domains, especially .COMs, fall in this last category above. The vast majority of domains being hand regged, especially .COMs, also fall in this last category above.
To give you some context. 99%+ my portfolio domains are regs. Either drops, or fresh handregs. Yes I make good profit from regs of both types. Having good sales and a great growth curve.
So you just found a domain and now you want to reg it. Are you sure you know exactly which of the above reasons apply to the domain? If not, just stop now.
After you reg it, will you head on to appraisals section and ask others how much it is worth? If so, chances are you should not have it registered in the first place, I'm afraid. No, barely making $50 out of it is not going to help - overall you will lose a ton of money across many other domains that will go unsold and expire.
Also, you need an edge.
You need to be better than many others at something, namely identifying, registering and properly valuating a certain type of regs at least, if you're ever going to make money from it.
If you feel like you're born for this (I do) then good! You might be upon something next. If instead, you feel always afraid and unsure what comes next, well, your guts might be telling you what comes next. It's quite easy to figure this out: If you still have many unknowns with your domains, then those unknowns will come back to bite you. And very financially unpleasantly so.
I can't fathom still why people can't really figure out such a simple thing by themselves:
There's no throw of the dice in domaining. You need experience, funds and be better at something than others. It's not a get rich fast thing. The profit is in the numbers, (edit: a specific margin that is usually not that high as you'd expect) and you need to roll a significantly larger and good portfolio to make money consistently.
Remember, 95% of those that get in domaining give up in an year or two, at a loss. Don't be one of these guys.
Side note: I see so many useless domains regged by other domainers, including here in appraisals and on the "Your reg of the day" thread that I get nauseous. (Edit: I do so cause I feel bad for these guys wasting their hard earned money. It makes me feel bad cause I've been there in the past.)
Also, if you're in for something harder, join the Facebook groups for domainers. Be warned though, you might get a headache from the waste of money you're going to see posted there.
So good luck regging, and remember this advice above. Thanks for reading!
There are more possible reasons for that domain being still available, like for example:
- This is a new trend and domains are still available - and is it, really? Are you 100% sure it will sell sometimes soon OR you might be just blindly throwing money at something in hope of a lucky strike?
- This is a fresh new TLD and domains are still available - Important note, if it costs $499 to renew, there's your reason. (and also the reason you might not sell any of them...)
- You have scoured 5 million names and found 5 that are acceptable - good for you!
- This domain has just expired/dropped and it's still up for the grabs (note, if DropCatch etc. hasn't gotten it yet, and/or it is still available 30 minutes AFTER it dropped, it might still fall in the next category...)
- These domains are utter c**p, so nobody wants them.
The vast majority of available domains, especially .COMs, fall in this last category above. The vast majority of domains being hand regged, especially .COMs, also fall in this last category above.
To give you some context. 99%+ my portfolio domains are regs. Either drops, or fresh handregs. Yes I make good profit from regs of both types. Having good sales and a great growth curve.
So you just found a domain and now you want to reg it. Are you sure you know exactly which of the above reasons apply to the domain? If not, just stop now.
After you reg it, will you head on to appraisals section and ask others how much it is worth? If so, chances are you should not have it registered in the first place, I'm afraid. No, barely making $50 out of it is not going to help - overall you will lose a ton of money across many other domains that will go unsold and expire.
Also, you need an edge.
You need to be better than many others at something, namely identifying, registering and properly valuating a certain type of regs at least, if you're ever going to make money from it.
If you feel like you're born for this (I do) then good! You might be upon something next. If instead, you feel always afraid and unsure what comes next, well, your guts might be telling you what comes next. It's quite easy to figure this out: If you still have many unknowns with your domains, then those unknowns will come back to bite you. And very financially unpleasantly so.
I can't fathom still why people can't really figure out such a simple thing by themselves:
There's no throw of the dice in domaining. You need experience, funds and be better at something than others. It's not a get rich fast thing. The profit is in the numbers, (edit: a specific margin that is usually not that high as you'd expect) and you need to roll a significantly larger and good portfolio to make money consistently.
Remember, 95% of those that get in domaining give up in an year or two, at a loss. Don't be one of these guys.
Side note: I see so many useless domains regged by other domainers, including here in appraisals and on the "Your reg of the day" thread that I get nauseous. (Edit: I do so cause I feel bad for these guys wasting their hard earned money. It makes me feel bad cause I've been there in the past.)
Also, if you're in for something harder, join the Facebook groups for domainers. Be warned though, you might get a headache from the waste of money you're going to see posted there.
So good luck regging, and remember this advice above. Thanks for reading!
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