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discuss What did you learn in 2019?

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PriyankaS

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I learnt that -
1. brandable reseller value has gone down
2. Even liquid domains can fail you. if 4Ls don't surge in 2020 i will have loss.
3. Bin works best for my portfolio instead of make offer.
4. Outbound can be managed well only with team
5. If you see any huge sale and find similar domain expecting same range price. Bad idea.
6. Crypto domains. I got into crypto domains only in 2019 and it failed me. Trend change faster than you imagine.
7. Learn to use different tools.

I learnt few more things which i may mention in comments. what are your lessons in 2019?
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
Stop buying after a few to many beers and thinking every purchase is a Gold Plated sure thing. Cheers.
 
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I've learned, don't put money on hand reg and worthless names. Hold your money and invest in worthy names and catch the BEST drops. 1 best & hot name is better than 100 hand regs/normal names.
 
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Some of my observations and things I learned in 2019:
  1. Trends change very fast, some niches are here to stay, others are fading out.
  2. gTLDs values were heavily inflated by investors!
  3. .org, .net, .co are viable options for investment
  4. Portfolio diversity is important, it is like investing in stock market, you should not put all your investments in one stock.
  5. BIN is better than make offer for 4 figure domains.
  6. If the domain is not brandable then don't buy it.. simple!
  7. Godaddy appraisal is not actually totally useless, it is helpful to sort lists, and for my surprise it is improving and becoming more accurate at $2k+ domains. While Estibot has became totally useless!
  8. Pricing your domains correctly is the hardest single task in domaining.
  9. Sell through rate is decreasing for individuals due to increase in supply and no/little change in demand.
 
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Some of my observations are:
1.Hand registration domains doesn't work for me.
2.Building trust is top priority
3. I think outbound is important
4.I'm going to follow rulesbefore buying domain.
5.Spend around 1000$ in domain(Domaining course+domains)

Thanks
DpakH
 
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Some of my observations and things I learned in 2019:
  1. Trends change very fast, some niches are here to stay, others are fading out.
  2. gTLDs values were heavily inflated by investors!
  3. .org, .net, .co are viable options for investment
  4. Portfolio diversity is important, it is like investing in stock market, you should not put all your investments in one stock.
  5. BIN is better than make offer for 4 figure domains.
  6. If the domain is not brandable then don't buy it.. simple!
  7. Godaddy appraisal is not actually totally useless, it is helpful to sort lists, and for my surprise it is improving and becoming more accurate at $2k+ domains. While Estibot has became totally useless!
  8. Pricing your domains correctly is the hardest single task in domaining.
  9. Sell through rate is decreasing for individuals due to increase in supply and no/little change in demand.
Correction:
2. New gTLDs values were heavily inflated by investors!
 
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I learned that if you want to bring traffic to your domain forum, make sure Rob Monster is a member, let someone start a wildly off topic and wild thread and then just sit back and watch the page views roll in.
 
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I learned that if you want to bring traffic to your domain forum, make sure Rob Monster is a member, let someone start a wildly off topic and wild thread and then just sit back and watch the page views roll in.

That would be a monster daylight robbery ))
 
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DUI Domaining Under Influence - stop after first domain review when sober. Or fill your portfolio with puke.
 
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  • I learned how to use the BB code thing for formatting on NamePros:xf.grin:
Hey Bob, thank you for the great lessons.

Could you please expand a little bit more on the line that I quoted? because I submitted a couple of names to BB and I am so curious about that BB code thing :)
 
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Hey Bob, thank you for the great lessons.

Could you please expand a little bit more on the line that I quoted? because I submitted a couple of names to BB and I am so curious about that BB code thing :)
Sorry I never thought of that interpretation. I should have. No I did not mean Brand Bucket but rather the bulletin board markup code that I use to format my blob posts here. In creating a message if you use the icon at far right of the editing tools it invokes it.
Bob
 
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@PriyankaS thank you both for starting the thread and for an insightful personal list of things to start it off. I think your #3 is something a lot of us have struggled with, and would welcome additional comments from you, or anyone else, on arguments BIN vs Make Offfer.


So what did I learn in 2019. Lots of things! Almost everyday I learn something useful from someone! :xf.smile:

Here are a few that stuck with me:
  • I not so much learned what is best, but am beginning to see how challenging it is to answer the simple question. What is an effective lander?
  • I learned that different people have very different success, it seems at different marketplaces. I mean it seems two people can have the same names at 3 marketplaces, and one person has almost all of their sales at one, and someone else another. I know whichever DNS is pointed at will see more of them, but it seems more than just that one factor.
  • I am not sure it started in 2019, but I came to clearly see how important probabilistic thinking is, in my opinion. What is the probability of this type and quality of name selling?
  • I learned to use NameBio better, to use Dofo, somewhat to use DomainIQ, and to continue to use things like the various stats places, comparison places, trend tools, etc.
  • I learned some about the various ways to measure web traffic, and how they can be manipulated.
  • Through reading some outside of NPs, as well as NPs, I think I understand branding a little better (but not yet well).
  • I think partly from looking at another year of sales on NameBio I came to learn even more that various kinds of names sell, I am not talking extensions so much as the type of name.
  • I learned that some people are much better at negotiation, and that makes a huge difference in sales prices.
  • I learned how to use the BB code thing for formatting on NamePros:xf.grin:
  • I was really impressed with the reflections and success of some of the new people. I definitely learned from them.
  • Through both newcomers, and some experienced people, I saw that social media can be important. I definitely plan to get domain LinkedIn active and continue Twitter active in 2020.
  • I hope I learned the value of listening to what people say, rather than jump on why I disagree with them. I also keep working on always listening to what is said, irrespective of who it is who said it.
  • I learned that the job of a forum moderator must be the most difficult, thankless job there is. We don't say it often enough. But Thank You if you are reading this. May 2020 see less heat in some threads!
  • I learned that NamePros has an incredible number of kind, helpful people. No wait, I think I knew that the year before and the year before too!
Have a prosperous 2020 everyone!

Bob
Wonderful response as always!
 
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Wonder what percentage of domainers check Namebio/dnprices/dnjournal at least once a day?
I always plan to but i fail mostly to follow it regularly 😃

I learned to relax more when in sales negotiations.
I learned to spy up and coming new niche markets better

@PriyankaS 4L.com will be fine, they will remain liquid, you wont take a loss on them unless you liquidate, just wait until domainers start holding them more than selling them. then will come the better $$$ numbers and higher sales rates

Thanks. When I don't get any response from buyer i become hyper and can't focus on anything else. I need to learn how to remain cool in negotiation.
I tried to research upcoming niches but with lot of patience needed i lose interest.

It was scary When i see Random 4Ls selling for as low as 65. Anyways Thank you for your advice regarding 4L names. Will definitely follow it.👍
 
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I learned that...
  1. I have to trust my gut
  2. Just like car sales, some domainers are better at selling Honda Civics while others are better at selling Bentley Continental GTs. Know what side of the fence you fall on very quickly.
  3. Domains don't sell themselves. You have to sell them.
  4. That a LOT of mom&pop stores in my neighborhood failed to register the best version of their .com domains. 'Easy' money on the table begging to be taken.
  5. Domain marketplaces are not the best place to sell domains. The competition is too fierce. If you have a vending machine in the building stocked with cheap off-brand sodas, people will buy from you before they go to the grocery store down the street...especially in inclement weather.

Thanks for sharing all the points and interesting perspective. About 5th point - if not domain marketplace then what other choice we have? Personal marketplace like efty? Outbound? Marketing?
 
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I've learned, don't put money on hand reg and worthless names. Hold your money and invest in worthy names and catch the BEST drops. 1 best & hot name is better than 100 hand regs/normal names.

Thanks. Very relevant point. This is my plan ahead in future domaining. 🙂


Some of my observations and things I learned in 2019:
  1. Trends change very fast, some niches are here to stay, others are fading out.
  2. gTLDs values were heavily inflated by investors!
  3. .org, .net, .co are viable options for investment
  4. Portfolio diversity is important, it is like investing in stock market, you should not put all your investments in one stock.
  5. BIN is better than make offer for 4 figure domains.
  6. If the domain is not brandable then don't buy it.. simple!
  7. Godaddy appraisal is not actually totally useless, it is helpful to sort lists, and for my surprise it is improving and becoming more accurate at $2k+ domains. While Estibot has became totally useless!
  8. Pricing your domains correctly is the hardest single task in domaining.
  9. Sell through rate is decreasing for individuals due to increase in supply and no/little change in demand.

Awesome points. Specially 4th of diversity and agree fully on gd appraisal its turning out to be very useful tool for me. While estibot has hit rock bottom. Thanks.👍
 
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Some of my observations are:
1.Hand registration domains doesn't work for me.
2.Building trust is top priority
3. I think outbound is important
4.I'm going to follow rulesbefore buying domain.
5.Spend around 1000$ in domain(Domaining course+domains)

Thanks
DpakH

Thanks. All right points for newbie👍for your last point which course you have found till now? I have always believed NP is better than any domaining course you find.

I learned that if you want to bring traffic to your domain forum, make sure Rob Monster is a member, let someone start a wildly off topic and wild thread and then just sit back and watch the page views roll in.

Haha agree fully that is why i had said this about @Rob Monster at NP 2019 award post.😁
 
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I've learned number of quality inbound leads did not translate into high-value sale.

I've had inbound from a Google manager, startup with $100M funding, startup CEO, PR firm legal counsel, financial consultant, on top of the typical "blogger", "student", everyone seemed to have the magical budget of $5000 for a domain name.
 
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@PriyankaS thank you both for starting the thread and for an insightful personal list of things to start it off. I think your #3 is something a lot of us have struggled with, and would welcome additional comments from you, or anyone else, on arguments BIN vs Make Offfer.


So what did I learn in 2019. Lots of things! Almost everyday I learn something useful from someone! :xf.smile:

Here are a few that stuck with me:
  • I not so much learned what is best, but am beginning to see how challenging it is to answer the simple question. What is an effective lander?
  • I learned that different people have very different success, it seems at different marketplaces. I mean it seems two people can have the same names at 3 marketplaces, and one person has almost all of their sales at one, and someone else another. I know whichever DNS is pointed at will see more of them, but it seems more than just that one factor.
  • I am not sure it started in 2019, but I came to clearly see how important probabilistic thinking is, in my opinion. What is the probability of this type and quality of name selling?
  • I learned to use NameBio better, to use Dofo, somewhat to use DomainIQ, and to continue to use things like the various stats places, comparison places, trend tools, etc.
  • I learned some about the various ways to measure web traffic, and how they can be manipulated.
  • Through reading some outside of NPs, as well as NPs, I think I understand branding a little better (but not yet well).
  • I think partly from looking at another year of sales on NameBio I came to learn even more that various kinds of names sell, I am not talking extensions so much as the type of name.
  • I learned that some people are much better at negotiation, and that makes a huge difference in sales prices.
  • I learned how to use the BB code thing for formatting on NamePros:xf.grin:
  • I was really impressed with the reflections and success of some of the new people. I definitely learned from them.
  • Through both newcomers, and some experienced people, I saw that social media can be important. I definitely plan to get domain LinkedIn active and continue Twitter active in 2020.
  • I hope I learned the value of listening to what people say, rather than jump on why I disagree with them. I also keep working on always listening to what is said, irrespective of who it is who said it.
  • I learned that the job of a forum moderator must be the most difficult, thankless job there is. We don't say it often enough. But Thank You if you are reading this. May 2020 see less heat in some threads!
  • I learned that NamePros has an incredible number of kind, helpful people. No wait, I think I knew that the year before and the year before too!
Have a prosperous 2020 everyone!

Bob
You can always ask questions about DIQ Bob - would be happy to help you understand the tools a bit better and turn that somewhat into extensively ;)
 
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I have learned and which I also recommend to others is that whenever you make a long post it's good to make a summary or conclusion at the end of your comment so that the important and valuable points that you are trying to make don't get overlooked by those who avoid reading the posts that are too long.

Example:

Conclusion: make a summary of the important points that you are trying to make at the end of your comment if your post is too long (and make it bold). ;)

IMO
 
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You can always ask questions about DIQ Bob - would be happy to help you understand the tools a bit better and turn that somewhat into extensively ;)
Thank you so much Ivan. I just want to make clear to everyone that it is not that the tools are hard to use, but so comprehensive, and other things have kept me from putting the time into really using it anywhere near fully. I hope to do better in 2020 and will keep your offer in mind :xf.smile:.
Thanks
Bob
 
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Whilst it's not things I specifically learned from the domain industry, here's what I learned over the past decade, 2020 Vision.
 
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Whilst it's not things I specifically learned from the domain industry, here's what I learned over the past decade, 2020 Vision.
That's ALL good stuff Mike, especially "Show Up" and "Not Everyone Will Like You":xf.eek: Thanks!
 
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The single biggest thing I learned is to have a bin on ALL names (other than true top tier). This is effective for the impulse buyer and lets the tire kickers know not to offer 500 for a name that is worth 5000.
 
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Whilst it's not things I specifically learned from the domain industry, here's what I learned over the past decade, 2020 Vision.
I really like the tone and content of your post, Mike. Thanks for sharing. While it is natural on NamePros to focus on domain specific ideas and issues, in many ways through a focus on positive things in life overall, as you did, things in domains will work out positively.
Bob
 
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That's ALL good stuff Mike, especially "Show Up" and "Not Everyone Will Like You":xf.eek: Thanks!

I'm glad you enjoyed the read. In principal, all are very simple concepts, but often are difficult to put into practice.

I really like the tone and content of your post, Mike. Thanks for sharing. While it is natural on NamePros to focus on domain specific ideas and issues, in many ways through a focus on positive things in life overall, as you did, things in domains will work out positively.
Bob

I completely agree Bob. Have a positive and healthy frame of mind (and body) will carry over into all you do.
 
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