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advice Biggest mistakes I did

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Isac

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From April 2017 i started my domaining journey and i must admit i did few big mistakes :

1. First one was rejecting an offer of $ 2500 on my LeLx.com domain.

2. But the biggest mistake i did was rejecting a bitcoin for 2 word .org domain before few months , that i bought from here for $ 25.

3. Try to be too greedy i lost many end users

Now i want advice from you all, what's a best thing i should do. At that time because i have less knowledge about Bit coins, i rejected Bit coin.

But i think there is something that i am lacking of which does'nt allowed me to sell those domain.

Kindly Help

Thanks
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
#1 could have been worse. When was that offer made?

But yeah, #2 must kinda suck right now sorry haha
 
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#1 could have been worse. When was that offer made?

But yeah, #2 must kinda suck right now sorry haha

First offer was also before few months. And i got lot of offers on this domain but $ 2500 was highest. It was also sold on Sedo but buyer failed to pay.

Yes 2nd was is equivalent to crime
 
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For me, past is past. No regrets for whatever happened in past. Learn from past and implement in present and plan for future. It's a buyer desire, they'll come to you if they are really wanted!

I lost few deals but happy to hold since someone has shown at least interest in it.
 
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Don't worry, you will make more mistakes in the future :)
The best we can do is offset mistakes with success.
Hindsight is 20/20.
However, you're right when you're saying do not be greedy. The first offer received may be the last you'll ever get.
 
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From April 2017 i started my domaining journey and i must admit i did few big mistakes :

1. First one was rejecting an offer of $ 2500 on my LeLx.com domain.

2. But the biggest mistake i did was rejecting a bitcoin for 2 word .org domain before few months , that i bought from here for $ 25.

3. Try to be too greedy i lost many end users

Now i want advice from you all, what's a best thing i should do. At that time because i have less knowledge about Bit coins, i rejected Bit coin.

But i think there is something that i am lacking of which does'nt allowed me to sell those domain.

Kindly Help

Thanks


I would say you allowed what you read on here to cloud your judgement. I know what it feels like when you see some x,xxx$ reported sales in 4 figures and so on. You allowed that to get into your head and greed was birthed.

Now here is the reality, only a few persons command those high figures, except you a rich to buy premium domains.

Just learn from your mistakes and move on. There are many more opportunity out there. Know when to take the money and move on.
 
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Don't worry, you will make more mistakes in the future :)
The best we can do is offset mistakes with success.
Hindsight is 20/20.
However, you're right when you're saying do not be greedy. The first offer received may be the last you'll ever get.

Yes the offer can be last offer
 
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But i think there is something that i am lacking of which does'nt allowed me to sell those domain.
Nothing lacking, it was a choice you made. :) The main thing is realizing perhaps it wasn't the best one. You'll get it next, or the time after. Soon you'll get to your comfort level of accepting/declining offers, and know that you were cool with your decision.

Everyone's always looking for greener pastures, while forgetting that they might be standing in the greenest one of all.
 
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I dont think its something you are lacking. I think in your heart you felt you were not ready to sell it. And you just were not ready to get into bitcoin. Thats okay too.

Just sounds like you slowed down and are a little worried. Hang in there. Accept your decisions and move forward in a positive way.

Every time I pass on solid offers, part of me is glad and part of me wonders if I should have taken it. I just move on.

More offers do come.
 
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After reading messages here, i think decision making is one of the important thing in domaining world. As well as learning about future trends.
 
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1. bring back 1st avatar
2. making money from money
1x $2500, buy 200 .com's = 1x $10k (at least)
3. move on
 
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1. bring back 1st avatar
2. making money from money
1x $2500, buy 200 .com's = 1x $10k (at least)
3. move on
Old avatar was cool.
 
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After reading messages here, i think decision making is one of the important thing in domaining world. As well as learning about future trends.
True but, decision making is one of the most important things, period. In everything. For you. For me. For everyone. You have decided to ask advice and learn from the past.
Great decision.
Good luck.
As Kate wisely said, don't worry, you will make more. Got to love it.
I liked old avatar as well
 
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I did my version of this in the late '90s / early 2000s':

" 3. Try to be too greedy i lost many end users"

I had several substantial four figure cash-in-hand offers for names and held out for more - it is hard to know what is a " fair / reasonable " offer vs expecting " too much ".

Time and trial and error ( and better access to comps ) help with pricing and sales / purchase prices.
 
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it is hard to know what is a " fair / reasonable " offer vs expecting " too much ".

Time and trial and error ( and better access to comps ) help with pricing and sales / purchase prices.
Exactly. The crux of domaining, but therein also lies the solution.
 
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For me, past is past. No regrets for whatever happened in past. Learn from past and implement in present and plan for future. It's a buyer desire, they'll come to you if they are really wanted!

I lost few deals but happy to hold since someone has shown at least interest in it.

Exactly. You must decide if you’re going to accept all offers or wait for the right buyer.
 
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you got your lesson, that was great experience, better to experience it now with xxxx$ range than having it later on higher range
 
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I agree with you friends
 
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Don't worry, you will make more mistakes in the future :)
The best we can do is offset mistakes with success.
Hindsight is 20/20.
However, you're right when you're saying do not be greedy. The first offer received may be the last you'll ever get.


guess that s not the best advice here

try to find who the buyer is and why they want the domain
before you decide to accept or not

nobody is ever going to bid their last price first
 
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Good to see a thread with realistic advice. There is no substitute for experience in this industry. Each domain is different and therefore there is no uniform set of rules that a novice can use as a shortcut from gaining experience. Things are also changing all the time, so what was true before is often not true anymore.

Follow Kenny Rogers advice in his song "The Gambler". You have to know when to hold em and when to fold em. Only when you reach the confidence to pick out the domains to hold for top dollar, which ones to take any reasonable offer on and drop the rest, will you have any realistic chance of success in this business. IMHO.

 
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You have to know when to hold em and when to fold em
Funny, although I know the saying, I've never listened to the song. Just did, from start to finish- fantastic. Thanks for sharing, brother.
 
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yeah domaining can be very funny
if you accept the first offer , buyer would think he is paying too much and even ask for a lower offer
if you shoot for the star , then one is prety greedy..if buyer walk away then you blame your self for asking too much
my past experience
buyer : how much
me : 750
buyer: 200
me: 400
OK don't want to be greedy.
me : ok i accept your 200 offer
buyer: ooh we are no more interested

Recent experience
buyer: cost?
me: 950
buyer: 250
( i really need some quick fund, let me accept this)
me: i accept your 250 offer , lets move on
buyer: i never meant to add zero..i mean 25
just a day before yesteday i discovered the company has over 2M in funding
. ..I don't think you made any mistake, just that the right buyer is yet to come
 
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me: 1400 usd
buyer: 500 usd
me:1100 usd
buyer: no
me: ok 500 usd
Buyer: no more interested

--


buyer : 300 euro
me : 1400 euro
buyer: no more interested


its easy to f*ck a deal



buyer: 3000 euro
me: no we don't want to sell
buyer: maybe more ..
..
after 1 year we agreed on 125 K USD


its an art not a science
 
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From April 2017 i started my domaining journey and i must admit i did few big mistakes :

1. First one was rejecting an offer of $ 2500 on my LeLx.com domain.

I take it you purchased on the secondary market. seeing the original reg of 2007. and by the way IMO it's probably good enough to attract another offer - it's certainly short and memorable enough.

ps if you insert an 'E' as the second from last letter, I wonder if that was your enquirer ?
 
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