advice Berkens on getting valuations right a decade ago

equity78 · Oct 23, 2019

Valuations: Get It Right You’ll Be A Multimillionaire, Get It Wrong You’ll Go Broke Mike wrote the following post in October of 2009, while it deals with other asset classes as well, here was the part on domain names. Domains like any other asset are going through a constant revaluation process. For domainers, your ability to correctly value a domain is going to be a huge factor in … [Read more...]

Bob Hawkes · Oct 23, 2019

Thanks some great common sense in the points. I particularly liked:

"Bottom line, when it comes to valuation, you going to have to be right a lot more than your wrong to be successful in your financial life."

"having realistic valuations is what will keep you in the game."

"Domains like any other asset are going through a constant revaluation process."

As well as the general idea that while you will not be right all the time, paying attention to valuation is one of the most important topics.

Thanks again for sharing.

Bob

equity78 · Oct 23, 2019

Bob Hawkes said:
Thanks some great common sense in the points. I particularly liked:

"Bottom line, when it comes to valuation, you going to have to be right a lot more than your wrong to be successful in your financial life."

"having realistic valuations is what will keep you in the game."

"Domains like any other asset are going through a constant revaluation process."

As well as the general idea that while you will not be right all the time, paying attention to valuation is one of the most important topics.

Thanks again for sharing.

Bob

Thanks for reading Bob

MTB · Oct 24, 2019

equity78 said:
Valuations: Get It Right You’ll Be A Multimillionaire, Get It Wrong You’ll Go Broke...

Good article, thanks for sharing. I think if you only spend what you can afford to lose then you'll never go broke from domain trading

briguy · Oct 24, 2019

Got a kick out of this quote especially the last part..

"You are going to sell a domain for less than you could have gotten for it (well everyone but Rick)"...

Rick who? Maybe Rick Schwartz...still talk about him, 10 years later

Dondomainer · Oct 24, 2019

I love comments...

Why people worry about bad domain valuation? …Because if you like the domain and you want it, then it is not a bad domain (almost for you)…Who has the magic valuation formula?…reseller 1,2, buyer 1 , 2 , Godaddy ?!

The problem is not bad domain valuation, the problem is good domains sold below its value.

equity78 · Nov 3, 2019

gipson said:
I love comments...

Show attachment 132775

Why people worry about bad domain valuation? …Because if you like the domain and you want it, then it is not a bad domain (almost for you)…Who has the magic valuation formula?…reseller 1,2, buyer 1 , 2 , Godaddy ?!

The problem is not bad domain valuation, the problem is good domains sold below its value.

Well if you are overvaluing a bad name you might have had a chance to sell it and move on but instead keep holding out for a lot more than it's actually worth.

advice Berkens on getting valuations right a decade ago

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