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discuss Most important quality that differentiate successful domainers among other common domainers?

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Most important quality that differentiate successful (millionaire) domainers & common domainers?

  • 1st

    Knowledge

    90 
    votes
    33.5%
  • 2nd

    Patience

    81 
    votes
    30.1%
  • 3rd

    Money

    80 
    votes
    29.7%
  • 4th

    Creativity

    18 
    votes
    6.7%

GreatBrand.in

Established Member
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Domaining is a serious business which needs time, energy and serious efforts. It required at most level of dedication and sincerity like any other professions. In spite of all these dedication and efforts still the success rate in this profession is very low. There are very few successful domainers who are performing consistently over many years and decades and then we have list of domainers who are struggling to get even their first sales.

The average industry sale through rate is very low 2-3% and thus out of 100 domains only 2-3 gets customers either in the form of end-user or resell investors.

Anyway, I personally believe this sector needs some special quality and the domainer who posses those attributes succeed here and believe me money is not in my top three list. These are
1. Knowledge,
2. Creativity
3. Patience

and if you have more money along with these above qualities your learning curve and struggle duration would be shorter but if you only have money and not the other three qualities than I don't think anyone would be able to save you from bankruptcy :)

What is your view, out of all these four deciding factors (including money) which one is the most important main deciding factor mainly shaping career of a domainer and defining whether he is successful or not.

Other than poll your candid views and thought provoking arguments/ justification are most welcome to make this discussion engaging, entertaining and inspiring.

Best wishes!
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
Hi

i get what you mean

but If, you're just starting,
then why would the owner of a premium domain want or need you representing their name?

and, with no knowledge or experience.... how would you know what a premium name is?

imo...


I'm just saying, the domainer doesn't need consent, and can simply source offers. Present these offers to the owner and presto. Either enough or not. Ultimately, they'll get a feel for the negotiations/valuations, and eventually have a great network and money to buy premium names.

If I were broke and genuinely wanted to make a career, that's where I would start.
 
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big budget bahahhaha
jk

well imo...u just gotta like what u do... whether a doc or a.domainer.

enjoying makes all difference in the world
 
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I'm just saying, the domainer doesn't need consent, and can simply source offers. Present these offers to the owner and presto. Either enough or not.
Hi

you or anyone else, have no right, to solicit on behalf of any domain owner, without their prior permission.

can't believe you would follow-up, by making such an irresponsible and potentially liable statement, like that.

imo...
 
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I'm just saying, the domainer doesn't need consent, and can simply source offers. Present these offers to the owner and presto. Either enough or not. Ultimately, they'll get a feel for the negotiations/valuations, and eventually have a great network and money to buy premium names.

If I were broke and genuinely wanted to make a career, that's where I would start.

This mindset is toxic. A property owner can choose who they want to represent their assets.

Some random person has no right to pitch domains that they do not own or have permission to represent.

It can create all kinds of potential issues for the domain owner to deal with. The owner is stuck dealing with these as the clown just moves on to the next domain.

Brad
 
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Buying cheap domains is like watering dirt.


Uber or Alcatel or Ericsson. I'd never in a million years guarantee the domain names success. Yet here we are.

I love what Slader23 points out. Utility.

Look at all the domains large companies own simply for Utility. Take SEM or brand protection, even interests in future SEM/business needs (Google buying ModernComputing or Trump owning every Trump.gTLD)

Utility.
 
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This mindset is toxic. A property owner can choose who they want to represent their assets.

Some random person has no right to pitch domains that they do not own or have permission to represent.

It can create all kinds of potential issues for the domain owner to deal with. The owner is stuck dealing with these as the clown just moves on to the next domain.

Brad


Agree. I never thought of that. It's their right, but how do they stop it where legislation doesn't? But assuming I randomly contacted you with a serious buyer in a six figure range, above what you paid (confirmed with sales data,) would you be upset? I'm just asking and pondering a way for the not so financially fortunate to start without cash, and potentially improve liquidity.
 
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Agree. I never thought of that. It's their right, but how do they stop it where legislation doesn't? But assuming I randomly contacted you with a serious buyer in a six figure range, above what you paid (confirmed with sales data,) would you be upset? I'm just asking and pondering a way for the not so financially fortunate to start without cash, and potentially improve liquidity.

Yes, because it means you are representing assets without people's permission. I don't really care about the results. I know in order to get that offer, that business model would leave a massive path of damage in its wake.

This crap has personally got me into legal drama in the past that I had to deal with as the person just moved on to the next domain.

Brad
 
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Yes, because it means you are representing assets without people's permission. I don't really care about the results. I know in order to get that offer, that business model would leave a massive path of damage in its wake.

This crap has personally got me into legal drama in the past that I had to deal with as the person just moved on to the next domain.

Brad


Sure, I can acknowledge your position here.

I suppose, permission first.

Edit: Permission first.
 
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Experience or learn from other experiences and Patience.
 
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Pessimism is a good quality for Domainers to start with.
New Domainers should start with a lot of pessimism about their Domaining skills.

With pessimism, you ask more questions, seek more knowledge, seek Gurus, guides etc before
buying any domains.
With pessimism, you are not over-buying useless domains without solid grounds.

With optimism, you have a periodic "feel good" moments when you are too happy and buy wrong domains.
Why, because, you were in just a good mood. And add to that, you felt you had extra cash..

The cure for pessimism should be in knowledge.
But knowing what is right knowledge is key.
One may have a lot of knowledge, but it could be all useless too.

Being pessimistic about one's knowledge is important.
That will force you to keep refining it.
Knowledge encompasses patience too.
That patience is required, itself is knowledge.
 
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Knowledge is the key in all parts of the life.
 
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Pessimism is a good quality for Domainers to start with.
New Domainers should start with a lot of pessimism about their Domaining skills.

With pessimism, you ask more questions, seek more knowledge, seek Gurus, guides etc before
buying any domains.
With pessimism, you are not over-buying useless domains without solid grounds.

With optimism, you have a periodic "feel good" moments when you are too happy and buy wrong domains.
Why, because, you were in just a good mood. And add to that, you felt you had extra cash..

The cure for pessimism should be in knowledge.
But knowing what is right knowledge is key.
One may have a lot of knowledge, but it could be all useless too.

Being pessimistic about one's knowledge is important.
That will force you to keep refining it.
Knowledge encompasses patience too.
That patience is required, itself is knowledge.

I agree completely.

Being optimistic has its place, but so does being pessimistic.

Some of the most successful investors in any field are the pessimistic or some would say realistic people.

It allows you to see and plan for potential pitfalls and problems in the future. If you are too pessimistic though, it can lead to becoming toxic and an inability to act.

So really, the right balance is a key.

Brad
 
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1. Knowledge. And, one cannot "buy" it from paid "academies". Or learn it from self-proclaimed "domain gods". You need to learn the stuff youself, starting from technical end of the things. For example, it is amazingly unfortunate that many folks still think that whois is a bunch of websites. Learning what whois really is and how it works should be one of the 1st steps.

2. Experience. If you have knowledge, then, with apporpriate big data analysis, you will find how dirty and corrupted industry we are all in. To some extend, you will then be able to use the data in your favor. Sharing it publicly? What for, you are a businessman and not an "investigative journalist" (IMO). To give an idea what I am speaking about, you will learn that questionable netsol-owned entity ("New Ventures Services, Corp"), which they use to warehouse domains, is just a tip of an iceberg.... similar activity happens not only with netsol... And, the last but not the least, you will lose all (if any) respect to some so-called "industry leaders".

Money? Where is the NP poll where ~50% participants openly admitted how they lost money in domaining? Cannot find it now. It may not be possible or practical to start domaining in 2021 without money, but, you'll lose all the funding, and quickly, without appropriate knowledge
 
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Dedicating Yourself to Continuous Improvement
Very well said, and thank you for spending the time to write about your own experience. Valuable advice.
 
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