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It's hard enough to make a buck with domains after years of experience. Do newbies have a chance? The possible success rate has to be a single digit percentage!
Yes they doDo newbies have a chance?
It's not about being the first to the game. If you are looking to pick up good regfee domains to resell for 5 figures then yes you are too late to the game. At least 15 years late.But 99% of the new domainers I see are too eager to throw their money away and less eager to research market realities.
In most cases, it takes years to understand what makes a domain, quality. There are rare exceptions but most folks show up to the party, buy everything in sight, and vanish without a trace.Anybody who has a grasp of what makes a quality domain can do it.
This game is an art IMO.
It's hard enough to make a buck with domains after years of experience. Do newbies have a chance? The possible success rate has to be a single digit percentage!
I started in June this year.
Didn't really have a clue, but I've managed to gradually filter out the crappy names I registered for slightly more than reg fee in most cases.
I have spent a large portion of my time studying, listening, and learning from people here and other resources.
I now have a fairly decent portfolio of about 40 names and 10 more that need to go.
I have sold a name for xxx that I bought for low xx and I'm currently still down a couple hundred dollars but have received a high xxx offer on one of my names that I have recently countered.
Do I think that I'll succeed in the long run? ... Yes.... Is it difficult? ... Yes, but I'm still learning.
Good on you Joshua,yes it appears easy to people (money from heaven) but as you are obviously becoming aware,there is a lot to it.
AEProgram,I agree with what your saying mostly,but I stand by what I said about some people just will never get it.....if everyone could do it we wouldn't be able to make money would we....horses for courses and all that.
"When I see a bird that walks like a duck and swims like a duck and quacks like a duck, I call that bird a duck."Who are the newbies?
The guy that started last month?
The guy that started this year?
The guy that started last year?
It's hard enough to make a buck with domains after years of experience. Do newbies have a chance? The possible success rate has to be a single digit percentage!
Its not really a time frame is a behavior
DKN,with all respect,and I mean that,you can't judge anyone on that,I have been in the game for 15 years,but only recently joined here.