question So...How Committed Are You??

I'm usually most committed just after making a big sale.

Not very. I was just a hobby domain collector until I got swept up in the great 4L.com buy out of ~2008(?)
All I have to say is THANK YOU ChiPs! I'm on the verge of selling off my last "investment" domains and going back to just for fun and keeping the collection to 100 domains max.

Having an absolute BLAST!

Kuffy said:

Unfortunately success doesn't follow comittment. There seems to be quite a few amateurs who make a lot more than many who dedicate their lives to losing money through domain name speculation. I think application and aptitude are more important.

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I agree it is a combination of being committed and working both smart and hard. You need to make sure you have a plan but you also have to make sure you check if your plan works and you are on the right path. Imagine being committed to buying crappy names, this means you will lose consistently.

In my case in the beginning I was committed and addicted to buying crappy names but that quickly changed once I started to learn more about the industry. I decided to commit first to my education and knowledge on the industry and then apply my new found knowledge into a well constructed plan. After that just came down to pure hustle knowing I was taking the right action.

- Will

For me, working smart not hard is the most important thing. Health is a limiting factor.

There is only so much time you can spend on the computer without either hands or eyes giving in.

Sitting down too much is also very bad for your health.

B.O.B.A .....Be Obsessed or Be Average.
I am obsessed with domain name investing!

Kuffy said:

Unfortunately success doesn't follow comittment. There seems to be quite a few amateurs who make a lot more than many who dedicate their lives to losing money through domain name speculation. I think application and aptitude are more important.

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Sustainable success needs commitment. Lucky amateurs can make unsustainable surprises. Aptitude alone doesn't help without commitment. If you don't use your talents, a person with no talent but with commitment can outperform a person with talent without commitment. Aptitude is similar to knowledge, experience or IQ. If you don't use your talents your talents can't help you and talents usually aren't used frequently by their owners, so people with commitment become successful Competition in life works in a weird, interesting balance

domainer111 said:

For me, working smart not hard is the most important thing. Health is a limiting factor.

There is only so much time you can spend on the computer without either hands or eyes giving in.

Sitting down too much is also very bad for your health.

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Thanks for reminding it. It's very important. If I don't forget I try to walk for a few minutes every 1-2 hours.

poweredbyme said:

Thanks for reminding it. It's very important. If I don't forget I try to walk for a few minutes every 1-2 hours.

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No problem, another very good solution is to get a "standing" work-station, a lot of cafes have them now, sitting down too much will be the "smoking" for Gen. X, Y et al soon, according to some people.

Kuffy is spot on. Commitment right now for me is culling if it isn't a direct type in bringing in traffic or a long brand it won't be renewed. Culling will be my commitment and buying less frequently as I seek another level of quality.
gTLD's has changed the game. My mediocre 3 word names don't cut it anymore.

Most people work too hard to make money. Churning out numerous cookie-cutter landing pages for mediocre names can be construed as commitment, but not be profitable. I think that domaining needs aptitude, and a good working knowledge of your chosen language. You only need to look through the recent registrations, and recent drops to realise how many domainers are saturating the sales lists with names that are really difficult to sell. Is that commitment?

Until you are paying taxes on your 'work', commitment is just that... commitment

Kuffy said:

Churning out numerous cookie-cutter landing pages for mediocre names can be construed as commitment, but not be profitable.

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Nobody puts my baby Landing Pages in a corner, not even you, Kuffy !

Kuffy said:

Most people work too hard to make money. Churning out numerous cookie-cutter landing pages for mediocre names can be construed as commitment, but not be profitable. I think that domaining needs aptitude, and a good working knowledge of your chosen language. You only need to look through the recent registrations, and recent drops to realise how many domainers are saturating the sales lists with names that are really difficult to sell. Is that commitment?

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No it's not commitment. Of course, commitment doesn't mean doing wrong things daily. I didn't underestimate the importance of skill and am agree on most of the things you pointed. I agree if you say aptitude is more important than most things including hard working. I just don't agree if you say aptitude is enough. It's very important but not enough.
As a debian user I remembered "apt" when you say "aptitude".

We must
"apt-get install commitment"

This is just a joke, no offense was intended

I truly believe skill is more important than most things, including hard working or commitment. But if you don't work in a discipline aptitude can't help. You must use your skills+knowledge+IQ every day systematically to succeed. It's called as "work". This is a very serious problem. Most people don't use their skills, knowledge and IQ for more than a couple of times or peridocally-systemically. Why? Because we, human, are lazy We don't like to work, repeat the same things every day. We like to complain but we don't want to work. We dream our skills will make us rich without doing boring repetitive daily works. This rarely happens. We may have original unique ideas or skills. If we don't follow up our dreams they will not be realized miraculously. Skilled people need to be a bit hard worker. But most of them including me, are soooooo lazy. Sometimes I don't even want to touch my computer for half the day. Commitment is an important thing. But I am lazy. I like to complain but don't like to work. I like to work only when I want

How committed am I?? hmm. I am married to domaining! Until death do us part! But if I hit the lottery I will be like any smart man #divorce

I work about 26 hours / day on domaining but
thats not commitment , right?

bobbarato said:

Not very. I was just a hobby domain collector until I got swept up in the great 4L.com buy out of ~2008(?)
All I have to say is THANK YOU ChiPs! I'm on the verge of selling off my last "investment" domains and going back to just for fun and keeping the collection to 100 domains max.

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Well done you for holding out, my biggest mistake with CHIPS was letting them go far too early, well done for keeping the faith!

I m still committed with it and I have believe that determination is not enough, our skills, our learning, how we are creative, decision making and luck also involved.

frank-germany said:

I work about 26 hours / day on domaining but
thats not commitment , right?

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Germans are a very industrious people.

Domainers love to throw around words like commitment and patience. But, at the end of the day it comes down to the quality of your names and pricing them right. All the commitment in the world won't make up for overpriced domains that nobody really wants. I would venture to say 99% of domains that most end users want are in the hands of the top 1% of domainers. So, it's an uphill battle to say the least.

Smiles76 said:

Domainers love to throw around words like commitment and patience. But, at the end of the day it comes down to the quality of your names and pricing them right. All the commitment in the world won't make up for overpriced domains that nobody really wants. I would venture to say 99% of domains that most end users want are in the hands of the top 1% of domainers. So, it's an uphill battle to say the least.

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you seem to know it much better then the rest of us

Smiles76 said:

Domainers love to throw around words like commitment and patience. But, at the end of the day it comes down to the quality of your names and pricing them right. All the commitment in the world won't make up for overpriced domains that nobody really wants. I would venture to say 99% of domains that most end users want are in the hands of the top 1% of domainers. So, it's an uphill battle to say the least.

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Yes forgot about this, pricing domains is a very tricky task.

Binary thinking.. I myself am more committed right after having my morning coffee.

When I am asked the price of my domains, I reply with "How much you got?"

No worries, I have a day job selling fine used automobiles.