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There's no money in domain names... this industry full of bullsh*t.

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there's no money in domain names.. this industry full of bullsh*t.
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
@Premiums

Find a good one word .ai and make your sale - AIblablabla.com is not worth chicken feed

If you haven't read Peter Thiel book Zero to 1 you need to read it immediately > competition is your enemy!

Competing with garbage can .com's or any other extension is most importantly not worth your time or secondly money

The world is littered with excessive amounts of opportunity > Go where nobody else wants to go, in case you didn't hear me the first time competition is your enemy

CrowdCare rebrands as Wysdom.AI, wins $8.5 mln more in VC
https://www.pehub.com/canada/2017/10/crowdcare-rebrands-as/?via=indexdotco
 
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@Premiums

When you make enough wealth. You get the be the big bear who Sh**t's in the woods and call out google and say You have NO IDEA what you're doing.

Incase you forgot already competition is your enemy!

 
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Nikul Sanghvi said:
Ledger dot org ... $30k

Inbound email via hypernames.co
Bought on Sedo for $6k on 16/11/17 (seller began an auction using my counter-offer, but no other bids)

22nd Nov: I got the domain into my account and set up a landing page on hypernames.co - with an asking price of $45k. Had a couple of inquiries within the first few days, but nothing serious.

28th Nov: I had a five-figure inbound offer (via a broker). I countered at $30k, which was accepted.
The Escrow transaction recently completed, and the buyer was revealed as a well known crypto brand, manufacturing hardware wallets.
It reminds me blackhatworld .com tips and tricks. I call it social engineering ..
 
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@IMEZI
and the buyer was revealed as a well known crypto brand, manufacturing hardware wallets...
upload_2018-2-11_16-13-16.png
 
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You were join on Nov 2016
While my self joined Sep 2008 and still not making the real money yet, but i'm not complaining about it :D

You should hold Persistence and Perseverance deep within your heart and soul :D

That is some serious patience.
 
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There is no doubt a ton of bullshit in this industry. The key is learning to differentiate between the BS and the truth. First step is realizing its not a get rich quick scheme. Second step is putting domaining into some form of realistic expectations for yourself.

1. Try to turn a small profit while reading reading and reading some more about domaining. Don't reg 100 useless names.
2. Try to make enough to take your significant other to dinner.
3. Try to make enough to pay your car payment.
4. Try to make enough to pay your mortgage.
5. Stay motivated and keep reading

Approaching domaining with a baby steps attitude will not only keep you motivated but make you profitable. Nothing happens overnight so keep your expectations realistic and you will be fine.
 
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It can feel like that sometimes. Domain investing is not something that most would dedicate the amount of time it takes to make it profitable.

I've been "domaining" for the past 10 years and have gone through tremendous highs as well as equally soul-crushing lows. If it is fun and doesn't ruin your quality of life continue on, if the opposite just find another investment vehicle.

Pretty cut and dry.
 
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Stop complaining, you are making us look bad.
 
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i think its just registrar/registry white hat marketing..

his recent sales:

medici dot co $5k Registration Date: 2017-11-29
mochi dot co ... $3k Registration Date: 2017-10-04

I checked the whois on them he is still an owner..

I am sure @Nikul Sanghvi will be more than happy to clarify things for you. he's a helpful fellow who does not strike me as a cheat at all.
 
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The appraisal section here is a total nonsense and bs.
True I think to a certain extent, but it's possible at least to get a general feel about what's a good name, and more importantly what isn't.
You need to use your own judgement and read between the lines.
Yes, I've found the replies are like names themselves - you have to realise which are the good ones!
 
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i think its just registrar/registry white hat marketing..

It reminds me blackhatworld .com tips and tricks. I call it social engineering ..

As others have suggested in this thread, domaining isn't a simple or quick way to make money.
There is a huge volume of public information and sales data available, and it can become confusing.

Not all of the information is created equal and so we must make a constant effort to separate signal from noise. This is also true of almost every investment industry - equities, forex, crypto, etc. It's also useful to digest knowledge through your own lens and apply things in a way that fits you as an individual, whilst understand/avoiding the internal biases that affect every investor.

There are many varied routes to profit in domaining. Whilst some doors have closed over the years (such as hand-regging killer one word .coms), other doors have opened. You can discover potential opportunities by reading, speaking to others, and analysing data from sales threads / namebio.
You can then validate your discoveries through your own investments.

Having said all of that, I fully empthaise with your situation. I had years of losses and almost gave up multiple times. I'd love to take full credit for the journey but I'm open to admitting that I've got lucky numerous times and this has given me some momentum.
As domainers, our primary goal is to find domains that we think are undervalued, buy them and then resell them for profit. Easier said than done, because it takes time to understand what 'value' looks like. Even once you think you know, it's still possible to get it wrong. The learning curve is steep and can quickly consume time, money and emotional energy. Luck obviously plays a huge part - but your applied knowledge enhances the probability that positive outcomes can happen.

This forum is proof that there is a community which is willing to help you find your own path - as long as you're being positive, polite and asking the right questions. Nobody has the perfect answers, because there aren't any. On occasion, the advice/feedback of others might not look right to you - and that's ok. Listen, filter, tweak your own decision framework and keep moving onwards.

I try to share my experiences here openly - with high transparency and without agenda. I apologise if I've done or said anything to indicate otherwise. I always try to provide context alongside my sales posts, so that readers can understand that there is no magic or secret sauce. I can confirm that I have no affiliation with any registrar or registry. I have no mission or goals to coax anyone into doing anything. The only hat I have is made of wool and it keeps my head warm in the winter ;)
 
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As others have suggested in this thread, domaining isn't a simple or quick way to make money.
There is a huge volume of public information and sales data available, and it can become confusing.

Not all of the information is created equal and so we must make a constant effort to separate signal from noise. This is also true of almost every investment industry - equities, forex, crypto, etc. It's also useful to digest knowledge through your own lens and apply things in a way that fits you as an individual, whilst understand/avoiding the internal biases that affect every investor.

There are many varied routes to profit in domaining. Whilst some doors have closed over the years (such as hand-regging killer one word .coms), other doors have opened. You can discover potential opportunities by reading, speaking to others, and analysing data from sales threads / namebio.
You can then validate your discoveries through your own investments.

Having said all of that, I fully empthaise with your situation. I had years of losses and almost gave up multiple times. I'd love to take full credit for the journey but I'm open to admitting that I've got lucky numerous times and this has given me some momentum.
As domainers, our primary goal is to find domains that we think are undervalued, buy them and then resell them for profit. Easier said than done, because it takes time to understand what 'value' looks like. Even once you think you know, it's still possible to get it wrong. The learning curve is steep and can quickly consume time, money and emotional energy. Luck obviously plays a huge part - but your applied knowledge enhances the probability that positive outcomes can happen.

This forum is proof that there is a community which is willing to help you find your own path - as long as you're being positive, polite and asking the right questions. Nobody has the perfect answers, because there aren't any. On occasion, the advice/feedback of others might not look right to you - and that's ok. Listen, filter, tweak your own decision framework and keep moving onwards.

I try to share my experiences here openly - with high transparency and without agenda. I apologise if I've done or said anything to indicate otherwise. I always try to provide context alongside my sales posts, so that readers can understand that there is no magic or secret sauce. I can confirm that I have no affiliation with any registrar or registry. I have no mission or goals to coax anyone into doing anything. The only hat I have is made of wool and it keeps my head warm in the winter ;)

you hit the nail on the head... there is no magical formula. just a lot of learning from your own mistakes... I have not been doing this for long either, and am still recovering from the learning curve and mistakes I made when I started. but with perseverence, patience and time.. it became very clear to me what all those mistakes were, how to remedy them and how not to repeat them. once you are able to look at yoru progress from a distance, and see it going in positive forward direction, it's only a matter of time imo, before you compensate for past errors and losses with some positive choices and moves, and as result some profits down the road.

obviously, unless you truly do want to stop domaining, complaining about the industry or your own progress, is not productive, and will not push you in the right direction. it is in fact, nothing more than a waste of time. for you and others.

jmo

all the best.
 
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If you wait long enough, maybe a .grapes TLD will be released one day.
And then you can register that 4-letter word that describes your state of mind :)
 
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there's no money in domain names..

There is money in domain names, 99 % of poor "domainers" (registrants) generating 1 % rich "domainers" (registries / registrars) - so maybe you are just on the wrong end?
 
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Almost forgot

NOT BULLSHIT

In the words of Rick Schwartz..... Pigeon Shit :xf.laugh::xf.laugh::xf.laugh:

Check it out....

www.PigeonShitNames.com

NAMEPROS filters sub the * for an i in the link
 
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@Premiums hold your spirits high buddy.. Not everyday is a Sunday, but when it comes, we get the BOOZE!! You'll get your awesome sale soon. Just keep it kicking!!

Good luck!
 
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there's no money in domain names.. this industry full of bullsh*t.

Buy high quality domain names at low price.
set the right prices.
Then patience to make end user sales.
Expectancy and money
just do not bind this investment business.
get another job where you can earn a good income.

Good luck
 
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I agree with OP to some extent. There is no market (in my opinion) but other domainers :)

Try to imagine you are a startupper, have very limited funding... Would you waste real money on some "premium" .com? I don't mean $xxx - low $xxxx. I'd rather spend on adverts or so...

I've never considered myself a domainer but kept some I had as a "long term investment" (long term wastement in reality:)). Unfortunately I didn't buy COMs most of the time as there were no "good names" available back then (again, in my opinion, I didn't consider domainers market). I had some 4-letter COMs for example and dropped them before they gained reseller value. They weren't "good" for me, I hadn't seen who will ever use them (I always evaluated domain names imagining if I'll ever use it to develop a website).

So, I'm fortunate enough to waste only relatively low $x,xxx for renewals, etc :) Most domainers wasted much more on .bizs, .infos, .mobis, ccTLDs and even .coms (that some of you believe to be "king").

I disposed of most of my domains and am going to drop some more in near future (newTLDs, .BIZs, ccTLDs). I'll keep only about 10 one word domains that I'm going to develop (and they are not .COMs).
 
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I agree with OP to some extent. There is no market (in my opinion) but other domainers :)

Try to imagine you are a startupper, have very limited funding... Would you waste real money on some "premium" .com? I don't mean $xxx - low $xxxx. I'd rather spend on adverts or so...

Yes, without a doubt. There are few better one time investments a company can make than a quality domain name.

You don't need a massive budget to buy a quality memorable domain. It is better to get your company started on the right foot than to play catch-up later.

Brad
 
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hahahaha..
Same situation i have faced when i started business domain because i have invested $$$ and all lost than i stop buying and focus on learning at here (NP) and after one month i buy some domains and make good profit. And mostly i sold my domains to enduser. Now i can say there's huge money in domains if you learn more and more.
thanks!
 
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Try to imagine you are a startupper, have very limited funding... Would you waste real money on some "premium" .com? I don't mean $xxx - low $xxxx. I'd rather spend on adverts or so...
It's not just startups, established companies are domains buyers too. Either to upgrade their existing domain name, for rebranding or to complement their brand names.
A startup that cannot afford to spend 2K on a domain name is not well funded at all. But if they don't want to spend money on a domain it's their choice. Actually, it's often justified not to. There are enough viable names available to be registered.
Few names are selling for 6 figures or more, such sales are not representative at all. Most sales are probably around 2K or in that range.
Good domain names are very affordable. Unless you want the very best of the best but again they represent a tiny segment of the business.
Domainers have to keep expectations reasonable. Don't aim for 6 figures when you own regfee inventory. Be more realistic. Make smaller sales, but repeatedly. And then you reinvest and increase quality of the portfolio.
 
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A startup that cannot afford to spend 2K
In my opinion, "good" (in domainers' opinion) domain name is much less useful than domainers believe. You cannot buy any really good domain name for $2k nowadays and you couldn't even 10 years ago. So, waste of money for any sturtup :)

Most sales are probably around 2K or in that range.
...
Make smaller sales, but repeatedly.
It's not profitable to sell for $xxx - low $xxxx unless you have a decent portfolio (that will definitely cost you more than reg.fee to acquire). Also you must like active sales (that I hate and never did) :)

I'm not buying "air" any more, just shared my story :)
 
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