information The Owner of 73.com Has Given Some Very Interesting Advice

Jasonn · Nov 27, 2015

19 years old and owns domains like that? must be daddy's money.

elevator · Nov 27, 2015

Jasonn said:
19 years old and owns domains like that? must be daddy's money.

You are right! But it seems the guy is knowledgeable to increase the money via this medium, proberbly, to be investing in another mediumtoo.

GCCinternet · Nov 27, 2015

Andrew Allemann said very smartly in one of his posts that:

"This industry seems to place people on a pedestal if they spend a lot of money acquiring a domain name. I think we should praise people who make a lot of money selling a domain name, not the other way around."
http://domainnamewire.com/2015/10/06/thoughts-on-the-latest-domain-name-scandal/

With all the respect to this 19-years old investor, the fact that he owns several of truly best names in the world doesn't mean more at the first glance that he has respectful assets and/or investment capital for new acquisitions. Together with the information he started in 2013, it doesn't need to mean he is automatically a world leading expert on domain names whose opinion must be like an oracle. Nevertheless, mentioned quotes are reasonable.

Personally, I'd be very curious to get familiar with overall financial results Y/Y of a company trading with premium domain names only (not a registrar) at a large scale (but to know overall results year over year, instead of several successful sales only, most of domainers have some). Discussion with such entity would be worth its money in gold. No hype, no marketing, just facts.

Kassey Lee · Nov 27, 2015

New owner of 73.com is 陈国鑫 (Guo Xin CHEN, Wilson), a college kid in Sydney who started in 2013 when he was asked by his uncle to be a translator in the purchase of 017.com from a Korean domain seller. So, he has a good mentor to start with, unlike most college kids.

Details of the interview can be found here: http://news.ename.cn/yuminggushi_20151125_101853_1.html

Domain Shane · Nov 27, 2015

"If a domainer invests with the goal of getting rich in one day, he may end up with nothing."

Then why else would you invest in domains? I don't assume that's how its going to end but I'm certainly not spending my hard earned time and money trying to impress the ladies with how many domains I own.

.

James Iles · Nov 27, 2015

@Domain Shane - this was translated from Chinese for me... I think he's implying that a "get rich quick" mentality is wrong in his eyes. At least that's the way I read it.

Keith DeBoer · Nov 27, 2015

jamesiles said:
@Domain Shane - this was translated from Chinese for me... I think he's implying that a "get rich quick" mentality is wrong in his eyes. At least that's the way I read it.

me three

NameJetGM · Nov 27, 2015

Domain Shane said:
"If a domainer invests with the goal of getting rich in one day, he may end up with nothing."

Then why else would you invest in domains? I don't assume that's how its going to end but I'm certainly not spending my hard earned time and money trying to impress the ladies with how many domains I own.

.

Shane - He is saying to be cautious if you are trying to get "rich IN one day", not "get rich one day", from investing in domains. And who are you kidding - you are definitely doing this to impress the ladies.

Kassey Lee · Nov 27, 2015

This is what he said in the interview:

其实我觉得玩米还是要考虑域名本身的实际价值，不要盲目投资和跟风，要有独立思考的能力，如果抱着一夜暴富的心态来玩米炒米，那可能最后一无所有

Roughly translated: Actually I feel domaining is about looking at the real values (use by end user?) of domain names. Do not blindly invest and do not follow the crowd. Think independently. Do not try to get rich overnight in domaining, or you may end up with having nothing.

Jasonn · Nov 27, 2015

elevator said:
You are right! But it seems the guy is knowledgeable to increase the money via this medium, proberbly, to be investing in another mediumtoo.

i fantasize about winning the lottery and buying all the best domains i can. oh to dream.

deez007 · Nov 27, 2015

I honestly thing this 19yr kid has his head screwed on properly. Doesn't matter if it's daddy's money or not. Most 19yr old with money would rather splash out on a sports car or something. This kid invested in domains. Thinking back to when I was 19, I can assure you... investing was the last thing on my mind...

So Kudos to this chap...

manurawat · Nov 27, 2015

doesn't matter what he said or what translated.... he own something which can make him rich in one hour...and he still saying doesn't believe in becoming rich overnight...he has some bright future....

21x20 · Nov 27, 2015

ChinaMobi said:
This is what he said in the interview:

其实我觉得玩米还是要考虑域名本身的实际价值，不要盲目投资和跟风，要有独立思考的能力，如果抱着一夜暴富的心态来玩米炒米，那可能最后一无所有

Roughly translated: Actually I feel domaining is about looking at the real values (use by end user?) of domain names. Do not blindly invest and do not follow the crowd. Think independently. Do not try to get rich overnight in domaining, or you may end up with having nothing.

That's not really original... aside from the domaining part, confucius likely sad this already along with a million other people. The truth is you're just as likely to go broke "thinking independently" as you are following the crowd.

RWD · Nov 27, 2015

If 2 years in your buying NN.com's & your 19.

Your also not worried about being rich someday...you already are!

fattee77 · Nov 27, 2015

Does anybody have his contact email. Tried whois already, no response

mwzd · Nov 27, 2015

Domain Shane said:
I'm certainly not spending my hard earned time and money trying to impress the ladies with how many domains I own.

NameJetGM said:
And who are you kidding - you are definitely doing this to impress the ladies.

So we finally know why capitalists want to make money, it's all about the ladies.

The Chinese on the other hand seem to think shorter is better.

Not sure how this is going to play out in the real world. :p

Weber · Nov 27, 2015

Why is a supposed buyer of $x,xxx,xxx 2 number dot coms so concerned about the value of $x,xxx domains?

Kingslayer · Nov 27, 2015

James Iles said:
This is a very useful piece of advice that every investor should be following: think for yourself! Don't invest in a type of domain name on the back of what someone else says. Do your own research.

It is great advice, not just domaining but any walks of life, if you follow trends and buy what everyone else is buying, you might make a bit of money but you aren't going to get rich.

Be unique and think for yourself, people may laugh at you at the time, but if your idea takes off, these same people who was laughing will try buy into your idea.

BrandChimp · Nov 28, 2015

KingslayerVR said:
Be unique and think for yourself, people may laugh at you at the time, but if your idea takes off, these same people who was laughing will try buy into your idea.

Gen.xyz XD

21x20 · Nov 28, 2015

I still remember one of the science lessons we did in school a zillion years ago to illustrate bird behavior.

The teacher took out a big box of tooth picks and scattered them. In some places, there were big drops, clusters of tooth picks. Us kids then roamed around trying to find as many as we could.

Kids would venture out on their own and then see someone picking up a lot real fast and head over in that direction. Some kids would ignore it, some kids would go right away.

At the end of the thing, the few kids lucky enough to be first were ahead.

The kids that were quick to follow did pretty good too.

The "losers" (back then you were allowed to "lose" as a kid) were the ones who ignored the group behavior of big finds while they kept searching for their own big find... And the ones who tried to ignore the big find and but finally gave in towards then end only to get there too late.

TLA215 · Nov 28, 2015

He recently bought KM.com

elevator · Nov 28, 2015

dotbay said:
Gen.xyz XD

It is either you follow the trend or you walk agains the trend in domain business. Though there are several trends avaioable in this business: long tail, short, short quads, short premium quads, keywords, EMD and etc. If you decide to tye your money down and you will need to look for more money for the business and that is why many are now following Chinese quads premium domains that are very liquid so that you can turn arround your money.

In my own opinio, it is good to follow the most current trend. The young boy is really a genius in my opinion to buy into "short dual" premium domains and you know what that means for him; he can sell them at any time of his choice.
To be unique, one has to be very carefull, not to at the end of the day tell story that he was once a domainer.

Cheers.

robaireg · Nov 28, 2015

proxy for ename of xiamen

Weber · Nov 28, 2015

That is top of the line for domains names. Mortals don't get in that game in the last two years without deep pockets. People are saying this and that is a fact or making assumptions without having very much verifiable information.

information The Owner of 73.com Has Given Some Very Interesting Advice

Top Member

DNCombo.comTop Member

VIP Member

Top Member

VIP Member

Top Member

BrandableInsider.comTop Member

General ManagerVIP Member

Top Member

Top Member

The More I Learn The Less I "Know"Top Member

Established Member

Domainer Since '95 #oldschool #orjustoldTop Member

Established Member

Established Member

Top Member

Top Member

Top Member

Life is short. Get up and make yours better. ChimpTop Member

Domainer Since '95 #oldschool #orjustoldTop Member

Established Member

DNCombo.comTop Member

Established Member

Top Member

Similar threads

We're social

Pinned

Appreciation

Agreement