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One of the big differences between a good and a great domain name investor is the time horizon for which they invest in a domain name:
1) They think long term
2) They buy names to hold for a longer period of time
3) Because they think long term, they know that they can't afford to hold and renew bad names every year
4) Because they can't buy bad names, they extensively research
5) Because they extensively research, they know what they are going to ask for a name
6) Because they know what they want from the name, they end up negotiating comfortably
7) Because they negotiate well, they get the returns they want; more importantly, the returns they deserve
Looking at each name as a 10-year investment could hugely help with the kind of names that we will end up buying and the prices at which we will end up selling them at.
1) They think long term
2) They buy names to hold for a longer period of time
3) Because they think long term, they know that they can't afford to hold and renew bad names every year
4) Because they can't buy bad names, they extensively research
5) Because they extensively research, they know what they are going to ask for a name
6) Because they know what they want from the name, they end up negotiating comfortably
7) Because they negotiate well, they get the returns they want; more importantly, the returns they deserve
Looking at each name as a 10-year investment could hugely help with the kind of names that we will end up buying and the prices at which we will end up selling them at.