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Omar Negron

The Truth About Domaining

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By Omar Negron, Feb 3, 2016
  1. Omar Negron

    Omar Negron Top Contributor VIP

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    I have been domaining for awhile now. Buying and selling domain names can certainly be fun. It's a thrill when you scan a list for hours to find 1-2 domain names that show "promise" and then you're able to acquire them through an auction or you successfully drop catch them straight into your account.

    However, this article is not about all the great aspects of domaining, but rather, to focus on some of the things that are often left out. Some people need a slight wake-up call as to what they should expect when getting into this business or any business for that matter.

    I have seen too many eBooks making false claims about how you can get "rich" off of domaining; how everybody can do it; and how all you need to do is buy their eBook or pay them for their domain course so that you too can sell a domain name that only cost you $10 for a 100,000,000% return on your investment, they say.

    Come on. Let's stop trying to find an easy way out. There is no easy way. If it sounds too good to be true, then it probably is.

    Since we've started making videos on YouTube regarding the domain name space, we've received several emails from people who enjoy what we’re doing and how "real" we are with the information we provide. In the spirit of being real, let's talk more about what you can actually expect working in this business.


    Scanning

    A lot of time will be spent scanning lists of domain names in search of the best domains to buy. No, these lists will not be pretty. Actually, there will be tons of garbage domains to go through that will make you scratch your head as to why they were ever registered in the first place. You'll see everything from random characters, which look like the registrants pressed random keys on their keyboard, to outright bad domain names that make us wonder what the registrants were thinking when they registered them.

    Combing through lists of domain names every single day isn't the most glamorous thing to do, but it could prove to be very rewarding. If someone asks you what you are doing and you reply, "Looking through some expired domains," you're most likely not going to get the same response from them as somebody else who instead replied, "Traveling to Hawaii for business." Domaining is hard work that most people aren't willing to do.


    Consistency

    We should strive to be consistent in everything we do where consistency is important, and that's especially true when it comes to scanning lists for domains. It requires that we be consistent and persistent. You never know which great domain name(s) you might miss if you don't scan and filter domains each day. One day of being lazy could result in someone else’s fortune. We can't afford to lack consistency.

    Personally, this is something I still battle with from time to time. This business is a constant grind.

    It's a good idea to set reminders of drop times, ending auction times, days scanned, etc. Get organized. Develop a system. Start writing things down, set alarms, and make it happen. No excuses.


    Rejection

    For the most part, people don't like being solicited to buy things, especially when they aren't actively looking to buy. When you begin to partake in outbound marketing to try to find potential suitors for your domain names, you will get plenty of responses that will make you scratch your head.

    You will get emails from people calling you a cybersquatter, telling you to get a real job or how much of a piece of "poop" you are, etc. It's all part of the game. Many of the top people in this industry and other industries in the world deal with rejection on a continual basis.

    Why should we be any different? It may take 100 no's to get to 1 yes, but that's the name of the game in outbound sales and why consistency is so important.


    Risk of Losing Money

    If you’re scared to lose your money, don't enter this business. It’s as simple as that. You're going to need to shell out some of your hard-earned cash to see if you can successfully make money with domain names. No, I am not talking about $10 or $20 bucks either. It will take more than that just to learn what does and does not work. Every buy is a risk, and as a domain investor, the goal is to make sure that your reward far outweighs your risk. Calculated risks are an important part of every business.

    That's the thing with starting a business online: most people seem to forget how much money it takes in the offline world to get started in a business. It often costs hundreds of thousands of dollars in loans for a business to get off the ground in the physical world with a storefront, proper licensing, and much more.

    The great thing about the Internet is that you may not need hundreds of thousands of dollars in loans to get started. However, expecting that you'll be able to see if this business works for you with only a few bucks is unrealistic. That mentality isn't going to get you anywhere, and it's probably best to quit while you’re ahead.


    The Long Haul

    I've been involved in some way, shape, or form on the Internet since 2008. It's 2016 now, and I am still grinding away. I've made great money and lost a lot too. You have to learn to enjoy the journey. It may sound cheesy, but nothing in any endeavor that’s worthwhile is going to be easy or come quickly.

    I remember when I first heard about buying and selling domains: I wanted to look into it but for some reason I didn't. In 2013, @Willox Perez and I decided to give it a shot. We read a lot on it and still do today. We bought some worthless domains, but we also kept following and learning about the top people in the industry, occasionally bothering them with questions regarding the industry via email and private messages.


    So what’s the point?

    It's all a process. Enjoy it. Learn from it. Grow from it. Get better at it. Find people who are better than you, and instead of resenting them, let it motivate you to become the best domainer or whatever it is in life that you want to become.

    Is there anything else that I missed when it comes to the truth about domaining? Let us know!

    Check out the supplementary video of this article:


    Note: This video contains profanity in the beginning; you may skip past it.​


    Which of these points are most important to know about domaining?

    Share your thoughts in the comments.
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
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  4. Omar Negron

    About The Author — Omar Negron

    I am a web enthusiast, son, older brother, boyfriend & expert video game player. I enjoy reading, attending seminars, staying fit and overall personal growth. You can visit my blog at www.OmarAndWill.com

    This is Omar Negron's 2nd blog post on NamePros. View all blog posts

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  5. Comments (79)

  6. M3B2

    M3B2 Established Member

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    I have only been domaining for a year or two now but what you say in this post is the truth!

    Thanks!
     
  7. tweetsgonewild

    tweetsgonewild Top Contributor VIP

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    You must have placed your hand on the holy Domain Bible before writing this because this is truth, the whole truth and nothing but the truth. Thanks!
     
  8. Nsmith91

    Nsmith91 Work Hard, Play Harder! ★★★★★★★★★★

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    Great article and a goo reminder as well!
    Thanks!
     
  9. frank-germany

    frank-germany domainer since 2001 / musician VIP

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  10. Omar Negron

    Omar Negron Top Contributor VIP

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    Thanks! Glad you liked it.

    hahah thanks! I did feel inspired while I wrote it.

    Thanks for the support!


    Thank you!

    Your welcome. Thanks for checking it out.
     
  11. JoelOlivencia

    JoelOlivencia Established Member

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  12. Omar Negron

    Omar Negron Top Contributor VIP

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    Thanks!
     
  13. Vinod R

    Vinod R Established Member

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    Life of a domainer in a nutshell.
    Very nice writeup.
     
  14. Omar Negron

    Omar Negron Top Contributor VIP

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    Thank you!

    Glad you liked it =)
     
  15. nvdomains

    nvdomains Established Member

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    Wonderful article.

    If I look at some of the names I bought in the first 2 years of domain life, I feel very bad.

    That is investment journey. We have to constantly learn and upgrade ourselves.
     
  16. MyDigitalProperty

    MyDigitalProperty Established Member

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    The cold, hard truth :) Thanks for laying it out like this Omar!
     
  17. sanket777

    sanket777 Established Member

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    hey that was helpful !!
    Thanks for sharing !!
     
  18. gemstar

    gemstar Top Contributor VIP ★★★★★★★★★★

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    Glad to see the new generation creating motivation video's...
     
  19. Rizki

    Rizki Top Contributor VIP

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    Great article, very honest
     
  20. DomainOgre

    DomainOgre VIP Member VIP ★★★★★★★★★★

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    "It's a good idea to set reminders of drop times, ending auction times, days scanned, etc. Get organized. Develop a system. Start writing things down, set alarms, and make it happen. No excuses."

    Single best domaining advice I have seen in years:).
     
  21. Konga

    Konga Top Contributor VIP

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    Good one Omar, all the best
     
  22. kawalsukhi

    kawalsukhi Top Contributor VIP

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    Informative and real said!
     
  23. ollybod

    ollybod Established Member

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    what an interesting piece. thanks for the eye-opening.............
     
  24. pjc

    pjc New Member

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    excellent article love the scanning domains part, i swear people just type in domains with their eyes closed.
    I get noxious just sifting through the pigeon sh#t.
     
  25. rubencouto

    rubencouto DN Front VIP

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  26. AndyM

    AndyM Web development services, visit KingdomDesign.com VIP Trusted Contest Holder

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    Who can't handle the truth? Well there it is guys, so suck it up and stay in or get out!

    Excellent write up Omar. I've tried my hands at many things over the years and gave up in weeks, sometimes days. Domaining is addictive and is most deffinetely not a get rich qick industry. I have to say though, if it was not for this forum I think I would've been out a long time ago.

    Thank you @Omar Negron Thank you NamePros!
     
  27. geturweb

    geturweb New Member

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    Nice and Great Article About domain name registrations.
     
  28. Omar Negron

    Omar Negron Top Contributor VIP

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    Don't feel bad! Like you said, it's all part of the journey. As long as your learning from it and adapting, you're good.

    Anytime!

    You're welcome!

    Never thought of it that way but sounds pretty cool! Thank you!

    Thanks!

    Haha yes! Thank you. It's something I battled with before but getting much better at it now after missing out on several drops and auctions just because "I forgot".

    Thanks for the king words!

    Thank you.

    Thanks! =)

    LOL yes. Sometimes, it's VERY hard to look at....

    Thanks for the comment!

    Thank you!

    #TruthHurts! lol.

    Yes, giving up in weeks at anything usually will not lead to much and doesn't give you the time you need to develop.

    Yes same here, once I got on Namepros I noticed a ton of cool people which is why I stayed around here. No one was trying to sell me their formula for success. It's a cool place here. I am glad to be a part of it.

    Thank you.
     
  29. ulasbbtr

    ulasbbtr Established Member ★★★★★★★★★★

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