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...]

 

[wwwweb]

Donald Trump does the same thing, says something out there to get attention, same situation here.

What happend to the $1M buys, ended up buying $xxx domains, lol

Give the domain king respect, but enough is enough, even he probably thinks the aftermarket is overheated at this point. People are paying end user prices in auction formats, whats the point?

Most domainers are chasing quick money because of what they have seen in media advertised to them, sweetheart stories, the industry is simply not that easy. Let them spend their money, when the end users laugh at their quotes, and they wonder why nobody is buying their domains that they spend thousands acquiring they will get it.

When domainers are paying like $10K for domains like evertrust.com in auctions, something is not right, these names sold for $xx-$xxx not to many years ago. It is very hard to spend 5 figures, if you go thru an exchange you need to sell it for $12K just to break even.

 

[ValleyRock]

https://www.evertrustbank.com/en-us/About-Us

As of December 2016, EverTrust Bank had assets of US $854 million.

 

[wwwweb]

https://www.evertrustbank.com/en-us/About-Us

You see the registered mark, $10k bet they come to you, and offer you $12k so you can break even, or udrp you on 2017 registration.

 

[JagG]

Wow... #LostWithWords

 

[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.

 

[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).

 

[DomainVP]

Rick is right.

 

[Robert G]

Don't overpay for a domain, there will be a cheaper one tommorow. = BAD ADVICE

tell that to the guy/girl buying nnnn.coms and nnnnn.coms a few years ago.

 

[Premiums]

He's got a blue check mark

 

[Abdel]

Ok Rick!!! I will start with dropping all my of 4L.Com's.

 

[guilty]

More like 90% of the reg fee domains should be dropped. All you can do is visit the thread " Your reg. of the day" and you'll see some great examples.

Unfortunately, some people who are new to domaining see the big domainers' large domain portfolios and think that to succeed in domaining, you have to have a large portfolio. They think if they reg many domains and have a large portfolio, there is a higher chance that an end-user will contact them about a domain at least once a month. If the ones who reg domains like there is no tomorrow pause for a second and calculate how much money they're spending on worthless domains, they'll find out that instead of making money, they're losing money.

 

[Smiles76]

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.

I disagree. He was in sales before becoming a domainer. He clearly knew that buying up all of the premium domains would create artificial scarcity thus driving up the asking price.

 

[Marshall]

”90℅ of domainers should drop their names"

Yeah Yeah, 90℅ of domainers should drop everything,
then start again,
all the hassle and hustle,
Again.

And the rest of the 10℅ including him will watch the show,
getting the best view of the chaos from their VIP seats.

 

[frank-germany]

Notwithstanding the foul language, he is only stating the obvious. The majority of domainers are not profitable, 90% seems generous to me. It's not controversy, just reality.
The sad thing is that they are fooling themselves.
And how many are paying tax on domain revenue ? If you're not paying tax it's not a real business...

And it's not like he got a chance that we didn't get, many of us were already adults in 1993. We simply were not paying attention. I missed the boat too. But you can always make money, even as a latecomer. Some successful domainers are latecomers (eg Schilling).

Rick Schwartz‏Verified account @DomainKing 20h20 hours ago
They said: "He got in early" in 1998/1999/2000/2001/2002/2003/2004/2005/2006/2007/2008/2009/2010/2011/2012/2013/2014/2015/2016 #Domains

 

[1Darko]

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.

I agree 110%

 

[Lox]

The difference is:
While our (90%) primary focus is normally on “Price Range", his primary focus is "Let's focus on the big picture here."

He adjusted the focus on the lenses so he can spot the Eagle looking straight up into the sunny sky.
By contrast, with most of us living in these vast domainhoods where we can sometimes see sparks.

(5cents)

 

[Silentptnr]

To me, "Starting Over" is more about rethinking all aspects of my domain business to be most effective and profitable. Certainly that includes refining my portfolio as needed to achieve my goals.

 

[dnk]

It is a very unprofessional comment, why should a domain investor who has spent a lot of time and money selecting and managing the domains, drop all the domains

 

[Nice Guy]

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.

Great post +1 for this comment on everything in life.

 

[ValleyRock]

When domainers are paying like $10K for domains like evertrust.com in auctions, something is not right, these names sold for $xx-$xxx not to many years ago. It is very hard to spend 5 figures, if you go thru an exchange you need to sell it for $12K just to break even.

https://www.evertrustbank.com/en-us/About-Us

 

[d-e-x]

Hm, Ricks vanity is hurt here on NP and now she bleeding
Btw. every one of us "start over" from time to time when comes renewal period