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discuss Is domaining an intuition business?

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I have been a domainer for years now and yet, there are certain aspects that I believe, I do not do justice to. For example, when identifying the right domain names to purchase, I still believe that I am not quite there. And that bring me to the question:

"Is domaining an intuition business? Is there no science to it?"

Like if you develop a feel for the right names, you would be successful, but if you don't you won't be! Because even now, when I look at some of the sales from some of the top domainers like Abdul and many others, I still can't figure why did a certain name sell for that price. Or even sometimes, wonder why did the domainer pay $200 or $400 for that name.

Is there any way to automate this thinking? Like a checklist of things to identify, see if the criteria fits and then purchase it. Because the way I see it and where I am positioned right now, given the amount of time I have invested, I do not see the returns that one would expect.

For those who have made it big or satisfactory, criteria being:

1) The returns given your time investment is justified.
2) The returns are somewhat significant (say at least $30k in profits a year)

What do you think of this?

Others who are still struggling, your thoughts are welcome too, as to what do you think is the bottleneck or limiting your potential to get THERE?
 
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Since there's no exact science, this MY METHOD

My "intuition" is broken down into 3 parts;

Is this niche "future-proof"?
Are you passionate about this niche?
Goes without saying; no hyphen #'s 100% .com

Then add "filters" age, TLDs taken, "past sales"
"similar sales" It depends what you prioritize.

Obviously, there exceptions. 4L.com, needs most intuition
despite "liquid" - I tend to Ignore "X" "Z" in ANY capacity.

Good luck! :)

Samer
 
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Yes and i am offering crystal balls to see your future. Intuition and speculation along with gambling and effort. I watch newbies sell off their crap and am gobsmacked some people can word an email.
 
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Since there's no exact science, this MY METHOD

My "intuition" is broken down into 3 parts;

Is this niche "future-proof"?
Are you passionate about this niche?
Goes without saying; no hyphen #'s 100% .com

Then add "filters" age, TLDs taken, "past sales"
"similar sales" It depends what you prioritize.

Obviously, there exceptions. 4L.com, needs most intuition
despite "liquid" - I tend to Ignore "X" "Z" in ANY capacity.

Good luck! :)

Samer

.com is king but personally I feel if you diversity a stock portfolio to include more than just Microsoft, Amazon, Apple, etc then you should go beyond .com with your investing. personally I subscribe with the 80/20 rule here 80% should be .com but there are some good options outside of .com too.

I also generally don't care about age to me thats just meaningless. I'm more interested in how many extensions is it taken in when it comes to objective measurements.

Also I don't mind X depending on how and where it is used it can be used as a standin for almost anything.

But to the OP id say to a degree. You can't rely on only objective factors but there is some subjectivity (intuition). For me its the final thing I look at after I filter out the chaff with the objective measurements. I ask myself this: would I call my business this? And if so is this the best domain for a business with this as their name?
 
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Intuition a.k.a. gut feeling helps, but if it's not backed by research and experience, it won't get you far.
 
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Intuition is honed through practice - I guess I think of it as crystallized knowledge, or automatized knowledge - but you still have to acquire the knowledge first.

There is no science, there are no foolproof formulas (sure, some will say invest only in this or that category, but the “foolproof” categories are high competition these days, so I wouldn’t call any foolproof) but there are methods, and there is also a degree of luck.

Intuition plays more into lower value domains, I think - like brandable stuff, where you have to have some insight into what companies prefer to name themselves. That is honed by paying attention to naming trends, successful company names, what sells and what doesn’t - but there are also other skills that come into play, like, an ear for language. I’d be curious to know how many successful domainers actually speak more than one or two languages — especially of those who got in later in the game.
 
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Learn, practise, gather valuable experience and grow.

Patience is the key.

Don't loose hope.
 
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Yes intuition plays a part. You have to know a good name when you see it or you will get nowhere fast. Same for identifying and avoiding bad names. A person who is good at this is able to make decisions partly on instinct.

There is no exact formula for success but strong knowledge of English language and grammar is helpful as is the ability to be patient and hold names for more than a year. So many people seem to have a one year plan. Why buy names you don’t really believe in?

Keeping up on trends current and future is important for making informed buying decisions and better judgment on when its time to drop something and why.

A certain measure of this is luck and timing and determination. But above all else it’s all about the names. If they aren’t good or great get better names.

Find your niche and strengths like things you have experience with and subjects you are knowledgeable in. Being a word freak and having a creative mind is helpful too.
 
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.com is king but personally I feel if you diversity a stock portfolio to include more than just Microsoft, Amazon, Apple, etc then you should go beyond .com with your investing.

Wrong. Stocks can sold at market price instant

These are domains. 80/20 rule doesnt apply... 100% .com minimizes risk, since .com is 👑
Domains are illiquid nature unless... my fave:
“Liquid” LLLL.COM “liquid” affordable to most.
LLLL.net worthless, as is LLLL any other ext..!
Personally I subscribe with the 80/20 rule here 80% should be .com but there are some good options outside .com too
.com worth most. 20% “other” adds risk !!
i also generally don't care about age to me thats just meaningless.

Congrats, we have something in common.
I too dont care about “age” since i see many “trash” aged dns. I dont care “djjsksksi.com” aged “since 1999” Most “aged” bad in my eyes; age is least factor imo, cant have em all. “Seo”! “more legit when it says since..!” meh
I'm more interested in how many ext is it taken in when it comes to..
Ehh, .com or go home. other extension may be dead sites, or about to drop. You need to do a thorough research more than “TLD’s taken” You actually have to check if legit sites. If someone has 10 ext taken, but they’re all “dead links lead nowhere” then i honestly assume they reg’d by the seller lol.
Check the quality of those alt tld’s taken, not #.
Also I don't mind X depending on how and where it is used it can be used as standin for almost anything.
This where we disagree most. X fail “radio test” cant come w acronym unless xylophone store.. (I dont use “x” to mean “#” that too prohibitive)
Chinese love x, sure! yet 1st placement or last, so even “Chinese angle” is somewhat limited.

Agree rest! This most we differed Ryan, lol
 
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