discuss Being a domainer is like being an art dealer

I thought it was like being a rug merchant?
https://www.namepros.com/threads/which-kind-of-domainer-are-you.1053017/

xynames said:

I thought it was like being a rug merchant?
https://www.namepros.com/threads/which-kind-of-domainer-are-you.1053017/

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Rugs might be art!

Being a domainer is like being an jewel dealer..

GotJewels said:

Being a domainer is like being an jewel dealer..

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I can agree with this (as well). Another relevant metaphor.

Domainers might own anything from gravel to perfect diamonds.

Domaining is a lot like dating. If you are popular this is a bonus. If you are an ugly rock star, ugliness is not a problem. If you are good and you praise yourself by telling the truth it doesn't work. If you drop the price because you are nice, it doesn't work. If you are visible, this is a bonus. If you follow trends, it may help. If you say I don't care what others like or think, I'm different, I'm unique, creative, I have my own way of doing things; it doesn't work. Being smart helps, being genius hurts. If you win once, it becomes easier to win the next time. If you try new things, you may get lucky, but you may be in trouble also. if you have data, you can use it to your advantage. If you misinterpret signals (like fake sales appearing as real sales) you may move in the wrong direction.

I have never been an art dealer or run a rug store. I have not dated in 45 years. Does that mean I have no hopes in domaining and should give up? Opinions sought

OK since others have expanded this, I would say domaining is like sports....

1. The people that make huge amounts own the big professional franchises.
2. Some of those who own big franchises though manage to lose money, a lot.
3. Some owners of big franchises can seem to make a lot of money without so much work (but that is probably deceptive)
4. Some invest in new ventures like new leagues. Sometimes these pay off. Sometimes they don't.
5. There are local sports promoters who put huge effort, and some of their own money, into small scale sports. Occasionally they make money, most times they don't. But they are passionate and contribute to their communities.
6. It is always wise, at any level, to watch trends and use information in your sports business decisions. Being well educated in things related to sports management is also helpful.
7. Some make money from sports without being owners of sports teams.
8. Different sports appeal to different people. It is probably not wise to be involved in owning or managing sports you do not feel passionate about.
9. Mascots are the most important part of sports (oh sorry that is just my personal view )
10. We can all talk about and be passionate about sports even if we will never own a major professional franchise.
    
11. I'd write more but I have to get ready to watch curling!

Have a nice day everyone!

Bob

Furquah said:

A person who bought 123.com for $3 million 6 years back from aftermarket and then he sold that name for $3.5 million after 6 years is a "successful domainer"?

OR

A person who registered Cannabinoid.pro for $1 & sold it for $2700 within 8 months should be called " bad domainer" because he hand reg that domain?

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The person who bought and resold 123.com made a much smaller ROI, but they made $500K over 6 years. The odds of reselling 123.com are 100%. It is a liquid asset... they may lose 10%-20% if they need cash quickly but it will always be liquid.

The person who bought and sold Cannabinoid.pro made a massive ROI, but that was through sheer luck. If that person had 1,000 names of that quality, they're probably selling less than 1% of their portfolio per year.

They're two different games. The 123 game requires more capital but it is a much better game to play because the risk of losing your investment is much smaller than throwing a bunch of at the wall to see what sticks.

I'd rather be playing the 123 game, not the KnockOffEscher.dev game.

In the end, it's the auctions houses (Sotheby's, Godaddy, Namejet) that are making all the money.

Furquah said:

A person who bought 123.com for $3 million 6 years back from aftermarket and then he sold that name for $3.5 million after 6 years is a "successful domainer"?

OR

A person who registered Cannabinoid.pro for $1 & sold it for $2700 within 8 months should be called " bad domainer" because he hand reg that domain?

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I like your example @Furquah and my simple response is that they are both successful domainers, at least in these transactions.

I think those who have large amounts to invest, and who have a very fine sense of resale values, can pay large amounts because they feel sure to be able to sell for at least a bit more than that, and in absolute dollars it is a large amount.

Others don't have funds to take that approach and can be successful as long as over their whole portfolio they can can sell enough at a high enough price that overall they are profitable. I think the market needs both types of developers.

As the recent hand-reg contest thread has shown, lots of interesting names are still around to hand-reg for those who search hard and are creative. By the way the post completed sales thread also seems to prove the same thing.

Bob

Doron Vermaat said:

It's about art dealers.

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But it reminded me of domainers

There is only 1 difference:

Art dealer must have a sense of art
Domain dealer must have a sense of everything

The point is you must know what you sell. As domain can be related to anything, you must know something about everything, preferably in multiple languages

Fancy.domains said:

I were referring to art dealers and gallerists, not artists.

Ps. Vincent van Gogh sold 1 (one) painting during his lifetime.

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And that one because he was felt sorry for. ;-(

barman said:

The person who bought and resold 123.com made a much smaller ROI, but they made $500K over 6 years. The odds of reselling 123.com are 100%. It is a liquid asset... they may lose 10%-20% if they need cash quickly but it will always be liquid.

The person who bought and sold Cannabinoid.pro made a massive ROI, but that was through sheer luck. If that person had 1,000 names of that quality, they're probably selling less than 1% of their portfolio per year.

They're two different games. The 123 game requires more capital but it is a much better game to play because the risk of losing your investment is much smaller than throwing a bunch of at the wall to see what sticks.

I'd rather be playing the 123 game, not the KnockOffEscher.dev game.

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I have a 123 domain! I have a 3 word .dev too!

JayT said:

I have a 123 domain! I have a 3 word .dev too!

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Call you CRAZY or what?

@stub While he tosses out 500k :
vacation.rentals 500,300 USD 2017-12-04
I have 123.rentals.

JayT said:

@stub While he tosses out 500k :
vacation.rentals 500,300 USD 2017-12-04
I have 123.rentals.

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That's nice to know. But my comment was only meant to be humorous. As I thought your post was also meant to be humorous.

A $2.5 million investment turns into $110.7 million. This is why you want to deal in masterpieces and not peddle junk.

Good Documentary

https://en.m.wikipedia.org/wiki/Herbert_and_Dorothy_Vogel

What do you think a $8 hand registration is? ( not a broker paying $325 ) It's a idea for a branding and or marketing idea in the future, I've never paid more than $8. And I have thousand ++ of two word seo cannabis domains. Yep I sell some here and there.

The Voguls * see the wiki had a income of $23 grand. He was a postal sorter, but they had a eye, and lived in Soho amongst the starving ( now multi millionaires ) artists of the time. The movie is fascinating.

These two amassed the largest private art collection ever donated. Lived in a one bedroom, took the frames off. Took too much space. Stacked them like old newspapers. A Calder was hanging like a cheap light in the kitchen/ living room.

I bought around 800 leaf domains, another 800 cannabis domains. Off my BlackBerry Bold at the time. I choose leaf because I liked it. And I didn't like weed ( literally) nor the branding get high connotations of the day.

Just like art, too me word art. Thought it was cool and very forward thinking, coffee, petcare, lifestyle, business+ the works cannabis domains .coms. Leafly thought so too as well as Curaleaf. And the few domains I sell here and there. I'm no pro. Just a guy with a eye and some dreams ; $8 ideas one at a time.

I'm also thankful for the pros here ( too the haters, I just laugh especially cheap brokers that I decline weekly and cheap offers because they didn't have the foresight, just like art ) . I learned this by following everyone here. I didn't know a dot com from a .org. But I wrote a list of rules as I collected reading here; art = domains = money, you gotta pick um right though. Thiers no luck too this. It's all vision and knowledge, turning $8( cup of Starbucks fancy coffee ) into a few thousand bucks

1. Had too like it
2. Had too be easily understood
3. Only Cannabis, I knew the market would evolve
4. Coms
5. Only 2 words
6. Had too convey to a spefic business within cannabis marketplace

Just like art. Your buying because you like it, but also because you can dream of money and value someday. And yep I'm still waiting for my someday 1590 more domains too sell.

barman said:

A $2.5 million investment turns into $110.7 million. This is why you want to deal in masterpieces and not peddle junk.

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And why I think the .ART TLD names are going to be BIG going forward and that, year by year, .ART is going to go up, just like the real thing does!

Yea, your are totally right, Fancy.Domains!)))) Digital.Photography is my Picasso

I'll concur that the art analogy can be applicable to being a domineer.

For many years I collected " art in a micro niche " - art to include paintings - prints - etchings - proofs - photographs - illustrated books and did so for personal enjoyment and potential - eventual resale.

My entry to domain names was based on acquiring domains in my " micro niche " interests and acquired same for both personal use ( personal sites ) and some for potential - eventual resale.

Leafurl said:

https://en.m.wikipedia.org/wiki/Herbert_and_Dorothy_Vogel

What do you think a $8 hand registration is? ( not a broker paying $325 ) It's a idea for a branding and or marketing idea in the future, I've never paid more than $8. And I have thousand ++ of two word seo cannabis domains. Yep I sell some here and there.

The Voguls * see the wiki had a income of $23 grand. He was a postal sorter, but they had a eye, and lived in Soho amongst the starving ( now multi millionaires ) artists of the time. The movie is fascinating.

These two amassed the largest private art collection ever donated. Lived in a one bedroom, took the frames off. Took too much space. Stacked them like old newspapers. A Calder was hanging like a cheap light in the kitchen/ living room.

I bought around 800 leaf domains, another 800 cannabis domains. Off my BlackBerry Bold at the time. I choose leaf because I liked it. And I didn't like weed ( literally) nor the branding get high connotations of the day.

Just like art, too me word art. Thought it was cool and very forward thinking, coffee, petcare, lifestyle, business+ the works cannabis domains .coms. Leafly thought so too as well as Curaleaf. And the few domains I sell here and there. I'm no pro. Just a guy with a eye and some dreams ; $8 ideas one at a time.

I'm also thankful for the pros here ( too the haters, I just laugh especially cheap brokers that I decline weekly and cheap offers because they didn't have the foresight, just like art ) . I learned this by following everyone here. I didn't know a dot com from a .org. But I wrote a list of rules as I collected reading here; art = domains = money, you gotta pick um right though. Thiers no luck too this. It's all vision and knowledge, turning $8( cup of Starbucks fancy coffee ) into a few thousand bucks

1. Had too like it
2. Had too be easily understood
3. Only Cannabis, I knew the market would evolve
4. Coms
5. Only 2 words
6. Had too convey to a spefic business within cannabis marketplace

Just like art. Your buying because you like it, but also because you can dream of money and value someday. And yep I'm still waiting for my someday 1590 more domains too sell.

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By your own standards are you a successful domainer? Why/why not?

Dustie said:

And why I think the .ART TLD names are going to be BIG going forward and that, year by year, .ART is going to go up, just like the real thing does!

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I have artville dotcom from 1996.

Was formerly a Getty Images name

MarketingStrategies.com said:

By your own standards are you a successful domainer? Why/why not?

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The cannabis industry ( branding side ) is just starting, no different than a new era of art.

People hear all the time on the news, but the fact is 90% of California; Michigan; Mass, etc...and about the same on new startups in this sector have yet too well, start. Everyone is getting thier liscences and awaiting some form of permitting.

Monopolistic states such as Ohio ( 27 growers 50 stores), Florida ( 17 permitts incl stores ) Pennsylvania. These are non branding states to a extent, BuckeyeCanna long hold ( Republican governor) No one buys a great domain if one thinks you have a monopoly. Or the big big money creates a brandable. Trulieve, Aurora, Cronos. For example.

Branding in this sector has just started. Not too long ago people just lined up at the regional monopoly store and bought by variety, with 0 branding of grower or retail outlet and or national brand. This is all new.

Sure thier are some sales, but the future has yet too be written on the Cannabis niche.

As say Coffeeshops become legal, just this week in both Massachusetts ( experimental) and Nevada solid but not on the strip.

Leafcoffeeshop
Leafcoffeehouse
Leafjuiced
Cannataverna
Leafpour
Leafjava

Domains in this niche have as much too do with public policy, and legislative action and vision too see the future. No permitts no sales. Pet Care, awaiting the industry too embrace cbds for your dog. Leafvet, Vetleaf.

Example #2 New Jersey
They " almost " had a policy too now be delayed until the next ballot intuitive. And if approval is deemed by the voters another 3 years too hit the streets. Had a peer sell njleaf. I've got NewJerseyleaf, JerseyGirlCanna. ( broke my 3 word rule ), whereas I have Bostonleaf; and LeafBoston that should move this year. New Jersey 2021 +.

Finally I'm selling after a 5 year or so hold, maintaining my ROI and pocketing a few dollars currently . As I say in the Niche cannabis blog i am active in here, 1580 more too go after I sell each one. I sell for only $1200 or more generally. Last sale 2 weeks ago ; Afternic Leafinvestor $2500. I have only seo 2 word .coms. Canna, Leaf, Cbd, Hemp, Herb. Minors in regionals only in legal states.

This is like art. You simply at times have too wait out a artist too die, or a trend too catch on. People don't know Canna was a fake word when this niche ( cannabis domains) started. Cannabrands was the first 2014? Cbd was a unknown word. Leaf was a leaf on a tree. Hemp was a rope, illegal too.

So to answer your question? Am I successful, yes I'm well positioned, but ask in 5 years if this is a pot of gold at the end of the rainbow.



Danny