advice 90% of domainers should start over

[equity78]

Rick Schwartz made a pretty interesting tweet yesterday that I think will bring about a great deal of conversation. Rick stated that 90% of all domain investors should look to reboot. Drop everything and start over again. 90% of every domainer should drop ALL their #Domains and start again! They are so far off the path that it is sad to see. #gtld #Startups — @Rick Schwartz … [Read more...]

 

[Nazz]

The comments are a must read, LOL!

 

[hamiltondomain]

I had a read of the comments lol... I must admit I am pretty shocked at how incredibly unprofessional an "industry leading" figure can be... His responses were actually pretty embarrassing, I couldn't help but cringe, the kind you would expect from an Internet troll.

 

[jagdotme]

Wow... #LostWithWords

 

[ValleyRock]

Yeah, if you don't you may not move forward. I did this twice.

Now I only buy domains that pass my stress tests.

For the new entrants:

• Don't overpay for a domain, there will be a cheaper one tommorow. Cash flow is everything in this business.
• Domaining is very similar to two industries: the stock market and the real estate market. You want to study 'academically' concepts, principles and frameworks in these markets.

Somebooks and scholarly papers you should read:

1. The intelligent investor - Chapter 1, and the commentary. (basic principles) - Here you learn the difference between and investor vs speculator.
2. Markets in profile - James Dalton
3. Research papers on domains by Thies Lidenthal of Sedo
4. Psychology of the stockmarket - Selden

You need to develop a habit for research and reading. It has helped me the most and it is the best advise I can offer.

 

[Cryptghost]

 

[frank-germany]

Rick Schwartz made a pretty interesting tweet yesterday that I think will bring about a great deal of conversation. Rick stated that 90% of all domain investors should look to reboot. Drop everything and start over again. 90% of every domainer should drop ALL their #Domains and start again! They are so far off the path that it is sad to see. #gtld #Startups — @Rick Schwartz … [Read more...]

what a BS

99% of the domains domainers own are unknown to R S

 

[shorterwinters]

Didn't read the article and I will but my first thought is
he sure got some buzz going didn't he.

 

[frank-germany]

you fooled me

this is what he tweeted:

I believe if some cut their inventory by 90%, that the overhead on renewals X 10 YEARS is your stake & path to start again. #Domains #gtld

thats a completely different story

 

[frank-germany]

ok here is the tweet :

90% of every domainer should drop ALL their #Domains and start again! They are so far off the path that it is sad to see. #gtld #Startups

looks like he uses 90% in 90% of his tweets

 

[frank-germany]

here are my favorite latest Ricks tweets :

Knowing a good domain is more valuable than the fattest wallet. ALL can compete!

All the land in YOUR city is sold. U can't HAND REGISTER land anymore right? So no matter the day u get into #Domains there is $$ 2 b made!

No REAL business on EARTH can start today w/o a domain. The single most important decision for a new biz is their name.

If you are buying #domains and you say to yourself that you will hold it for a year and then decide to renew, you are buying the WRONG ones.

Arguably, picking company name & domain name are 2 of the most important decisions a new biz makes. If they get that wrong.........

Great #Domains come in many flavors. But almost all mean something. Spell something. Use REAL WORDS and EASY to communicate w/o explanation!

The notion that we are running out of .com or any cctld names is a FALSE narrative! There is an INFINITE supply of #names. #Domains #gtld

I can find a GOOD .com name in any subject in MINUTES. Why would new #Startups RISK all on a DUMB #GTLD decision? LAZY? Gullible?

 

[MapleDots]

HeHe.... unless he is using reverse psychology and he wants us to drop names so he can cherry pick them.
Getting hard even for the king to find choice domains nowadays.

Hey.... it works on my 10 year old!!

I think he is pretty smart to be working this angle

 

[NameOmnia]

Rick Schwartz has a lot of spare time on his hands.

 

[Kingslayer]

It’s easy for someone like Rick to be on his high horse and say that, percentage may be slightly high, but i don’t really disagree with his point, there is a lot of shite about, but maybe he should take a look at some of his own recent registrations/even aftermarket buys.

Are they fantastic registrations? Hidden gems? I would say not, much as i respect what Rick as done, i don’t think he could do what Ali as done (for example), start-out today with say a budget of $5,000 and make a name for himself in this industry.

 

[MapleDots]

It’s easy for someone like Rick to be on his high horse and say that, percentage may be slightly high, but i don’t really disagree with his point, there is a lot of sh*te about, but maybe he should take a look at some of his own recent registrations/even aftermarket buys.

Are they fantastic registrations? Hidden gems? I would say not, much as i respect what Rick as done, i don’t think he could do what Ali as done (for example), start-out today with say a budget of $5,000 and make a name for himself in this industry.

Yes, it would be interesting to see how he would perform in today's market within a set budget working as an alias. I have a feeling he would still do very well because he obviously has all the experience necessary but I think it would be tough to replicate the heyday of domaining.

 

[Bros]

90% is harsh, but he does have a point. Domaining has surprisingly long learning curve, and it seems that almost everyone who gets into it starts out by making the same mistakes (hand-regging domains that turn out to be pretty much worthless).

 

[CJ6]

I am definitely guilty of registering some crappy names, primarily when they are on sale. But, registering 100 crappy names for $1 each, and selling a few for a total profit of $1500-$2000 makes it worth it.
Yes, I will be dropping many domains this year. I urge everyone to do so (so that I can register some of the good ones that get dropped).

 

[biggie]

sometimes, people look at others, as a "name" in the industry.

is the goal to be a "name" too?

and should the light of fame,

shine on you,

will you, be prepared...

will you do, as others with "names" do?

will you be true to you, before you got a "name"

or will having a "name" be too much pressure, to sustain?

cuz when you're at the top of the game, and...

at the top of your game,

you feel confident in yourself

and to you.... it's not about the "name"

sometimes, it's about from where i came

when you didn't even know my "name".

drops the m i c and walks off stage


imo....

 

[DomainVP]

Rick is right.

 

[DaveX]

I'll only add that Rick didn't know years ago how things would turn out. He continues to make educated bets every day. I have sold/dropped domains only to get offers later. Depends a lot on the budget.

I will also add that selling a domain name for $1 is better than just dropping it. Even giving it away is better. Drops are fine, but if you can make $1 it's better.