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(Almost) A Decade of Domaining...

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Nikul Sanghvi

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Some questions came up on the sales thread around trading strategy, so I wanted to write something that shines a bit of light onto my recent performance and current setup. I thought it would also be pragmatic to explain the journey to this point so that my thinking is framed in some context.

In particular, the questions (on sales thread and via DMs) are about revenue, investment levels, ROI and building a profitable portfolio. I’ve put the post here under AMA, as I wanted to provide a level of transparency that’s rarely given in this industry. I also wanted to allow room for NP members to dig deeper into anything specific.

This has been my path - and that doesn’t make it right or wrong. It’s just how I’ve set things up, to work for me. The first thing to take away from this post is that you can’t emulate someone else's journey because your personal circumstances will always be different. What you can do instead is understand multiple strategies and combine the various elements to shape your own method.

The journey so far...

I was pretty late to the game (2009) and started out by hand-registering domains in .co.uk and .com. Over the first two years, I amassed around 200 to 300 domains, had three low to mid $XXX sales (on domain forums and via WhoIs). I kept no records, accounts or notes. Sales got a bit better in 2011 but I still didn’t make any profit. My first Sedo sale was for $300 in 2011, around two years after signing up. Most of what I had registered was garbage but I continued to renew out of sentiment and sunk-cost fallacy. Overall, my costs were around $2k to $4k per year and I barely sold $2k over three years. The sales I made were just sheer luck, from a spray-n-pray approach. My 'day job' at the time subsidised the losses of the learning curve.

In Year 4 (2012), I slowed down the hand-registrations and started buying low-value domains, between $20 to $250 per domain. With about $5k per year going into the pot, I eventually started to break even on sales. Around this time, I formalised into a limited company and started keeping my own accounts. From this point on (up until very recently), I stopped taking domain related profits out of the business, to focus on reinvestment.
Once I started to build confidence (mainly from not being in deficit), I also pushed another $15k of savings into domains to start buying a few at low $XXXX - albeit, overpaying for many of them.
In addition, I also bought one particular domain for $10k after two months of research. It was a category killer .com for an emerging technology niche and I planned to develop it as a site.

Year 5 (2013), no sales for the whole year. No major purchases, around $4k loss from in renewals.

Year 6 (2014), ticking along, sales in low 5-figures. No major purchases. Profits (after renewals) were kept in the business.

Year 7 (2015), I got lucky and things jumped into hyperdrive.
I sold my $10k domain for six-figures in a private transaction. The previous owner had reached out to me to try and buy it back. I declined but was curious as to why he’d try that. I then had an inbound email from the end-user and we negotiated over three weeks before closing the deal. (Turned out the end-user had contacted the previous owner first!).
In hindsight, the secret ingredient to getting the six-figure price was simple but partly non-intentional - I genuinely did not want to sell the name at that time. I had significant research and belief that it was going to be worth more in the future. Fortunately, the buyer felt the same way.
After the sale, I went on a buying spree, spending around $100k throughout the year - mostly on mid $XXX to low $XXXX. Not all of that money was well spent but I’ll come onto that later.
Of the domains I bought in that year, I quickly flipped an iot-related domain (10x) for just under $40k (buyer requested privacy) and hack.uk for $7.5k

Year 8 (2016), zero sales. Nothing. I felt a bit nervous but I kept buying - spending another $75k on 40+ domains.

This year (Year 9 - 2017), has been a contrast to the previous year. I slowed down spending with only $20k reinvested but reached $120k in revenue across 11 sales.

So why am I sharing those details?…

I joined Namepros in mid-2017, and this has coincidentally been one of my best years for trading in the sales thread. But as you can see, the truth is that it hasn’t always been as consistent or as fruitful. The sales thread acts like a heavily photoshopped instagram feed that only highlights the good moments. It can be misleading when used as an indicator of achievement or accomplishment. The thread provides an environment in which to showcase the peaks whilst completely ignoring all of the valleys. It would be irresponsible of me to only talk about my sales and never anything else. The obscured truth then propagates unrealistic expectations for new entrants into our industry - leaving them frustrated and disappointed within a few years, unable to replicate the same sales.

Over the last 9 years of domaining as a hobby and side-business, I’ve only made profits on three years and that's not even three consecutive years. It’s safe to say that my performance in 2017 is not representative of my overall track record but it is a culmination of the process. Since 2009, I’ve invested/reinvested around $250k into domains and sold around $400k worth of domains. A big chunk of the total revenue came from a single sale. For me, it isn’t anywhere close to being reliable as a primary source of income (for me). Taking money out of the business also limits its future growth.

My current ‘core' portfolio is less than 300 domains, but all have been paid for through previous sales and profits. I’m likely to renew at least 80% of these. My largest concern is that I’m heavily over-indexed with .co and I’ll address this imbalance as a goal for 2018 (buying more .com)
I also have a ‘testing’ portfolio (around 800 domains) that has a much lower propensity for renewal (high churn) but I’m constantly using it to test new purchasing tactics such as buying deletes or bulk buying during coupons/discounts.

I wanted to share all of this context before I gave any advice… primarily to highlight that I’m far from an expert in this field, and also to show that like many of you, I’m still finding my own feet.

Here's brain dump of things I’ve learnt over the last 9 years - might be useful for new domainers...

At the beginning:
  • Don’t expect much if you’ve just started. In fact, expect losses and a steep learning curve. But keep learning. The sales thread is important but use it as a reference tool, and not a yardstick.
  • Reading is essential but I’d also recommend learning through action. There’s no point in waiting until you feel like you know everything. There is no such thing as for complete knowledge or a perfect strategy. Get going, seek feedback and then iterate over time for improvements.
  • Learning to sell hand-registrations is a low cost way to learn about what sells and how to sell. But it’s also a great way to become disheartened and defeated - because it’s harder to sell hand-regs than it is to sell premium domains.
  • Keep going and keep trying, unless you specifically make an educated decision to retreat because you cannot afford the financial losses. In that scenario, before giving up, first scale down, audit/learn and re-evaluate the existing strategy.

Sales / selling:
  • I’ve accepted the inconsistency of sales and developed the patience required to avoid panic during the periods of weaker trading. I’m not advocating blind-faith or not having any introspection. Audit your inventory as if it belonged to someone else (without personal attachment), and if you are confident of it having potential, then don’t worry if there are quiet periods.
  • I’ve said this before but when in negotiations, look for win-win situations with the buyer. Give them respect and be professional, even if they choose to act differently.
  • I tried outbound marketing for three months this year (for the first time) but didn’t enjoy it. It made me feel like I was in a weaker negotiating position and the extra sales didn’t offset the time investment. I know it works well for many people and can be very profitable, so maybe I'm doing it wrong. Learn about this as early as you can. Contrary to common belief, low value domains don’t sell themselves very often.
  • I have a deliberate and documented exit point for each domain, so that I don’t wait for infinity. Just because the first offer was $XX and the second offer came in at $XXX, doesn’t mean the third offer will arrive at $XXXX. Owning the asset inflates our own valuation subconsciously. But if there is a final offer, the easiest thing is to ask is, ‘Would I buy the domain today, for the same amount of money as this offer?' (Abstract yourself from the current ownership of the asset.) If the answer is no, sell it. Don’t be frightened by the imaginary 'money left on the table’… it’s an illusion that will skew the exit point.

Pricing:
  • The price that a domain is bought for has no bearing on the potential sales price (within reason). There is no pre-defined logic to say that the markup must be 0.5x or 2x or 5x or 10x - but it’s likely that the 10x or 20x will take exponentially longer than the 2x. It’s useful to think about how long you’d be willing to wait for each domain to sell. Leave aside some money to renew the best domains, so that you don’t risk losing them.
  • Once you start buying at $XXX and upwards, make sure to have some moon shots. Maybe not lambo money or life changing sums but don’t be scared to try and sell your favourite $500 purchase for $20,000. Likewise, don’t be scared to price a $2,000 purchase for $50,000. If you don’t try, it’ll never happen. I’ll always aim to have at least 5 domains that are designed to make the needle jump rather than move up in increments. I’ve used the cricket analogy before but you need to choose which balls to hit for a single run, which ones to hit for six and then have a couple that you can try to smash right out of the stadium (often serendipitously).
  • Use the cash flow from your single runs to fund renewals, so that you can hit the sixes (/home runs). Without this, you can end up under-selling your 'winner' domains to fund your ‘losers’. The compounded returns of small sales are the bedrock for making the bigger ones.
  • At the other extreme, if you realised that you’ve overpaid for an asset (‘loser'), don’t be afraid to sell it at an acceptable loss. An exit will still bring cash flow but if you anchor yourself to your purchase price and wait for an offer above that purchase price, you might one day find that another $50 or $100 of renewals has gone into it. Even worse, the loss may have widened against the updated market value.

Buying strategy / building a portfolio:
  • The simplest and most fundamental principle of the game is this: identify assets that you think are undervalued, buy them and then sell them at a price closer to (or above) your estimated valuation. This means you need to be able to spot the domain as being undervalued, calculate by how much it is undervalued, and then make a risk calculation on the duration period within which you might be able to redeem the delta (through reselling). To do this, you need to know market values but also identify the direction within which the market is moving (e.g. which niches are trending, what types of names are selling)
  • There are no magic formulas based on volume or number of domains in a portfolio. Buying 10 domains at $XXX, doesn’t equate to an automatic $XXXX sale. The primary force driving the probability of sales is the quality of the inventory (and subsequent demand for that inventory), not the quantity. However, a large portfolio of above average quality will compound the probability of sales, albeit at a higher annual cost.
  • Build upwards towards scale… by that, I mean towards higher-value domains. Every low value ($XXX) sale that I have is simply to create contributions towards acquiring and renewing the higher value domains. Perfect example of the pareto principal: I now use 80% of my capital to buy 20% of my domains, and the remaining 20% of the money to buy/renew the other 80% of inventory.
  • Obvious but easy mistake - if you’re awaiting a big sale, don’t spend or reinvest the cash until you’ve banked it…
  • ...and once you've received the funds after a sale, don’t let the cash burn a hole in your pocket. It’s too easy to spend/waste money which has been mentally-accounted for as ‘house money’. I’ve always made my worst purchases immediately after I’ve made my best sales. After the six-figure sale, I deceived myself into thinking that my judgement was impeccable, and therefore any future investment that I made would also be bulletproof. I quickly reached an unsustainable level of risk tolerance, thinking that I’d easily repeat my success. A false sense of confidence and arrogance caused me to be irresponsible.
  • If I’m investing or buying in a niche (driverless/crypto/etc), I often find myself stuck in a filter bubble (/echo-chamber) where all the content around me connects to that niche (twitter / blogs / forums etc). It happens by accident during the research process and suddenly I start spotting related content and keywords everywhere. It creates a fall sense of confidence, makes the niche look ubiquitous and causes me think that the investment is hotter than it really is. (On the flip side, it’s also easy to get niche FOMO).

General business advice:
  • Keep aside money for quarterly/annual taxes, renewals, subscriptions and training/books for yourself.
  • My accountant is one of the best advisors / mentors that I have. In due course, finding a good accountant is essential and worth the money. I still keep my own accounts but have valuable support throughout the process.
  • Listen to others, especially those that disagree with you. If you ask for opinions, and receive views that challenge your perspective on things, pay attention and try to understand where they come from. The worst thing that an investor can do is only to seek opinions that reinforce their own. It inhibits learning if you receive a challenging viewpoint and then immediately double-down (reaffirm) on your own opinions without giving it serious thought. My best friends and advisors hardly ever agree with me from the outset - and that’s why I value their perspectives.
  • There is a constant battle between your analytical thought processes and your emotions/gut. If you can control the emotions, you can also control the biases that affect decision making. That’s why its’ important to feel good about domaining and be happy with the decisions you make. If it’s becoming emotionally stressful or if it is affecting your health/wellbeing in a negative way, you’re doing it wrong. Of course there will be ups and downs. But your emotions are deeply connected to your gut instinct. And that same gut instinct is connected to your appetite/ability to take risks. You need to be able to sustain the depths of regret when you hold your ground on a key negotiation. But most importantly, you need to be able to sleep well at night, even when things aren’t going perfectly.
  • Keep learning but accept that there’s no perfect answers or ultimate strategies. Be aware your own circumstances, strengths and weaknesses. Understand your own emotions, irrationality, boundaries and decision making processes. Search for and discover your own blind spots. Find people to surround you that constructively/lovingly identify these blind spots, and can fill them with their own knowledge. Don’t underestimate the role of luck - complete control is an illusion. Finally, no regrets - only lessons learned.

If you’ve read this far, thanks for sticking with me. I hope that within the rambling, there’s at least one or two valuable things that you can take away from the post. Feel free to ask me anything below.
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
This was an excellent read. Really great stuff. Thanks for taking the time.
 
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For a newbie that has been on a buying spree right after they entered this industry, your post is GOLD!
 
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Can't think of a better read than this. Thank you! But do you think you need to have a deep pocket to make it in domaining?
 
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Excellent post!

I'm just starting out (purchased my first domain intended for flipping yesterday), so your advice is highly appreciated.

Where would you recommend that I try to sell my domain (CigarMaking.com)? Flippa, GoDaddy, NamePros, or any other place?

Thanks!
 
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Can't think of a better read than this. Thank you! But do you think you need to have a deep pocket to make it in domaining?

Thank you :)

I don't think deep pockets are a prerequisite to making profits in domaining - but it does let you make more mistakes without hitting financial hardship.

If you have deep pockets and can invest through people with knowledge (such as trusted brokers), you have an advantage but aren't necessarily a 'domainer'.

If you have a good level of knowledge and deep pockets, you're likely to be at an advantage in terms of probability but it doesn't directly equate to success.

Start where you are, use what you have and do what you can.

Excellent post!

I'm just starting out (purchased my first domain intended for flipping yesterday), so your advice is highly appreciated.

Where would you recommend that I try to sell my domain (CigarMaking.com)? Flippa, GoDaddy, NamePros, or any other place?

Thanks!

Thanks!

The best way to learn is to explore and try as many of the different marketplaces as you can. Just be careful not to simultaneously sell the domain in multiple places.
 
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Great post Nikul, thanks for taking the time to post everything. I need to say that after two-three first years of almost no sales, you need a lot of nerve to invest even more and even to acquire a 10k domain, I would not have had the courage. I know you have mentioned the xxxxxx sale, but it's not something you can count on it or even if you know that it will come, you can't know if it will take 2 years or 10 years. I'm curious if you would have been on profit without the big sale?
I have choosed another way in domaining. I have started just over two years ago, in my first year I've made high xxxx profit and my second year around 23k profit. All my acquisitions were handreg's, actually my average cost of acquisition was around 3$, so I have managed to make a nice profit all around. In my second year I've made 23 end user sales and around 350 resellers sales. My acquisitions are not following the rules of the basic domainer, but I've managed to find a way to be profitable. I will adapt my future strategy to raise my revenue and profits, but my main target will be to be make a profit year by year.
 
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In hindsight, the secret ingredient to getting the six-figure price was simple but partly non-intentional - I genuinely did not want to sell the name at that time.
Same experience here. My best sales were names I was not motivated to sell. The buyer had to make an offer I couldn't refuse.
 
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Great post Nikul, thanks for taking the time to post everything. I need to say that after two-three first years of almost no sales, you need a lot of nerve to invest even more and even to acquire a 10k domain, I would not have had the courage. I know you have mentioned the xxxxxx sale, but it's not something you can count on it or even if you know that it will come, you can't know if it will take 2 years or 10 years. I'm curious if you would have been on profit without the big sale?
I have choosed another way in domaining. I have started just over two years ago, in my first year I've made high xxxx profit and my second year around 23k profit. All my acquisitions were handreg's, actually my average cost of acquisition was around 3$, so I have managed to make a nice profit all around. In my second year I've made 23 end user sales and around 350 resellers sales. My acquisitions are not following the rules of the basic domainer, but I've managed to find a way to be profitable. I will adapt my future strategy to raise my revenue and profits, but my main target will be to be make a profit year by year.

Thank you for asking me the questions on the sales thread! :)

It's hard to tell where I'd be without that first big sale, because it catalysed my interest in domains and as a result, I ramped up my time investment (reading online) from a few hours a month to an hour a day.

It was a very high risk purchase but it was very different to any other domain I'd bought:
- It was the first name that I'd dedicated at least 30+ hours of research to, and potentially the most research I've done on any purchase to date...
- It was a field that was connected to my day job at the time... so I had an insiders view into the usage of the term evolving at a fast pace. I also had a network that could explain to me what the term represented and how important it was going to be in the future.
- I had reached a point of frustration where I had the capital available and had also started making small profits in domaining. I was really frustrated at the pace of progress up until that point, so that year was an attempt to ramp up the investment at a point where I felt the risk had reduced slightly (compared to the previous years).

I'm glad you've found a way of domaining that works for you - and thank you for sharing your experience. It's a great example that shows that there any multiple methods to make money from domains. It's an incredible achievement within your first two years so you're on a great trajectory!
It would be hard for me to find the time to complete 370+ sales a year (one a day). My target is only one or two sales per month - so I'm working at slightly higher price point to balance out the smaller transaction volumes.
 
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Thank you for asking me the questions on the sales thread! :)

It's hard to tell where I'd be without that first big sale, because it catalysed my interest in domains and as a result, I ramped up my time investment (reading online) from a few hours a month to an hour a day.

It was a very high risk purchase but it was very different to any other domain I'd bought:
- It was the first name that I'd dedicated at least 30+ hours of research to, and potentially the most research I've done on any purchase to date...
- It was a field that was connected to my day job at the time... so I had an insiders view into the usage of the term evolving at a fast pace. I also had a network that could explain to me what the term represented and how important it was going to be in the future.
- I had reached a point of frustration where I had the capital available and had also started making small profits in domaining. I was really frustrated at the pace of progress up until that point, so that year was an attempt to ramp up the investment at a point where I felt the risk had reduced slightly (compared to the previous years).

I'm glad you've found a way of domaining that works for you - and thank you for sharing your experience. It's a great example that shows that there any multiple methods to make money from domains. It's an incredible achievement within your first two years so you're on a great trajectory!
It would be hard for me to find the time to complete 370+ sales a year (one a day). My target is only one or two sales per month - so I'm working at slightly higher price point to balance out the smaller transaction volumes.
It's very time consuming, so it's not the best way to do it, but I've invested my cash in different online niches and give up to my contracts from last year and also this year I've started something offline, so I needed liquidity on a daily basis, moving cash from one area to another. The big plan is that at one point in time all of them will produce enough revenue to be independent from each other and to be able to make some bigger investments. Also, spreading the investments in multiple industries should protect me in case if some particular industry will crash.
 
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Very nice read. What was the 10k domain btw?
 
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Can you elaborate on your 1 word .co portfolio? You alluded to it a bit. Curious about how that experience has gone on the acquisition and sales side's? Thanks!
 
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thank Nikul Sanghvi
that is a very comprehensive guide to domaining
 
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Excellent reading, thanks. My learning curve is more focus on niche, which doesn't work out well. But keywords are the best, those always have offers as oppose to random letters.
 
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@Nikul Sanghvi

Loved the read, loved the honesty and am truly happy you are making a profit.
Sounded like I was reading my biography because I started in 2000 and then again in earnest in 2002. Took 10 years to really start making any serious money.
 
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Can you elaborate on your 1 word .co portfolio? You alluded to it a bit. Curious about how that experience has gone on the acquisition and sales side's? Thanks!

.CO now forms a huge part of my total portfolio - at least 90% in terms of volume and maybe 70% in terms of potential resale value. The volume is mainly because I've ramped up the number of hand-regs (deletes) in the last 6 months, as part of the 'research/testing' budget. As a guesstimate, at least three quarters of the .CO domains are one word with the rest being LLL.co and some two word.

I think that the mapping of resale price (end-user) for CO:COM is between 1:10 and 1:20 (between 5 to 10% of the .com value). However, I often find myself buying good quality .CO words for 1:50 to 1:200 (less than 1% or 2% of the .COM equivalent). So the value for me lies between the two different ratios. On the downside: the liquidity is much lower, market awareness is obviously behind .COM and renewals are also higher. It's probably a very similar numbers game for .IO but maybe other members can verify that.

I've also given a more detailed opinion on the pros and cons of .CO here, it might be useful too:
https://www.namepros.com/threads/dot-co-confusion.1033963/#post-6293060

I'll start off with a disclaimer. I'm equally invested into .CO and .COM so that will definitely increase my chances of choice-supportive bias - or at least some type of post-purchase cognitive bias that prevents me from being completely neutral.

There are valid points on both sides of the argument. For me:

The downsides of .CO
- Yes, some traffic loss. If you have the money, .COM is king, I'll be the first to agree to that.
- Renewal fees! (Although, I think this keeps the extension clean and prevents usage for spam / bots)
- As a domainer, they're never going to command the same money as .COM
- For the reasons above, it's not a domainer-friendly extension - it's expensive to keep and not the easiest to sell!

The advantages of .CO

- It's possible to pick up some great keywords for a fraction of their .COM equivalent.
- A good one-word .CO can still be bought for $XX and sell for 4-figures+
- I feel like things have moved on somewhat since 2010. I don't see as much confusion between .COM and .CO (although some will always remain).
- Many countries are familiar with using .CO.** as part of their cctld - .CO.uk, .CO.jp, .CO.kr, .CO.za etc - there's a potential upgrade path here for when the straight-swap .COM is unobtainable.
- There is also an upgrade path for end-users coming off longer .COM or hyphenated-COMs - both of which will already experience traffic loss and misspells (impacting email and traffic)
- I personally, like short and snappy domains for business brands. The trade-off with a long .com is that people have to remember extra words. I'd rather have word.co than wordwordword.com where the additional words are unnecessary. The extra variable to remember just alternates to the other side of the dot (the extension).
- The letters CO have represented the word 'Company' for hundreds of years before COM. There are vast quantities of brands that end in '& Co' or 'Co'.

Regardless of extension:

- Poor quality domains will still be poor quality domains, no matter how long you hold them
- Renewing domains without any type of strategy increases portfolio maintenance costs, eating into profits.
- Not knowing how to find potential prospects limits ability to research and invest in 'end-user' quality domains
- Once you can identify prospects, not having confidence to do outbound sales limits you to awaiting inbound enquiries and/or assuming that nobody wants them.
- Buying domains without any end-users in mind limits ROI (unless Liquid, but I'll come onto that)
- It's easy for experienced domainers to say to a new domainer - 'buy one great .COM instead of 100 other .COM/non-COMs' but in reality, this is really hard for someone to do without having experienced what constitutes a 'great' domain vs a crap one.
Yes, theoretically its possible to learn this through a few days of extensive research, but great domains have a high-barrier to entry - they can't be found for a few hundred bucks.
In reality, most of us think we know better and then learn through our own experiences/mistakes. Better to do this with a couple of hundred bucks than several thousand.

A final point about investment styles / suggested certainty of liquid values...
100% agree with @promo , new investors/domainers should stick to .COM - because like for like, any other extension is harder to sell and more expensive to renew.
However, I don't get the whole concept of random 4L.com having persistent/safe monetary storage value... it feels like tulip-mania to assign a floor price to something that nobody would ever use and call it an asset. For me, the probability of an end-user wanting the domain is it's true connection to value. If the only other people that see value in a domain are other investors (not end users), it's worthless to me.

When it comes to domains, I also personally prefer calculated risks (call it lottery tickets) over safe investment. That's just me - I like the risk/return of exponential payoff with domains rather than market movement of a commodity-like asset. For safe (passive) investment, it makes more sense to push money into indices, bonds and ETFs - even equities.
I'd question how many people (outside of China) become domainers or start domain trading because they're looking for safe investments or non-fiat storage. Most people (myself included) are initially drawn into this like moths to a flame, watching DomainSherpa interviews and hearing about rags to riches stories on a XX into XX,XXX flip. Then the reality sets in... most of us learn the hard way, it's not that easy.
I digress, but my point is that a strong .CO portfolio can still produce yields. It will just have a larger standard-deviation of ROI than a 4L.com portfolio of equal value - therefore, it represents higher risk. If you can't afford the risk in the first place, it's not worth it at all.

Lastly, if you're a beginner starting to build a portfolio that includes non-COM, you shouldn't put all your eggs into one basket. By eggs, I mean money. And by 'basket', I mean TLD and/or niche. It restricts your ability to learn and increases your overall risk.
 
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Thanks for sharing your path. I enjoyed the reading and the insights! Truly appreciated!(y)
 
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A very honest guide to domaining. Thanks for sharing your experience, truly beneficial to the community. I'm bookmarking this.
 
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Amazing stuff. Thank you for the detailed write up and massive gems of advice...
 
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Nice post thank you for sharing
What has been your experience of .co.uk domains and how many do you still hold?
 
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Nice post thank you for sharing
What has been your experience of .co.uk domains and how many do you still hold?

Thank you. My experience with .co.uk is a lot more limited than .co but there were a few things that slowly caused me to reduce my holdings.
- The market size is limited because of the country-specific nature of the extension (but that also gives it some uniqueness and a specific target audience)
- I was a little bit confused by the introduction of .uk and what that meant for the .co.uk values
- I forecasted that my holding costs would be increasing (by 2019) if I had to keep both .co.uk and the .uk as well.
- I found the market size impacted the liquidity of even good quality one-word .co.uk domains

Having said all of that, I still continue to see some impressive sales made in .co.uk but not as many as 5 or 6 years ago. I’m not sure of the exact number that I’m still holding but I could count my favourites on one hand (analysis, machinelearning, spaceship and coding)
 
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Great read, appreciate your effort to post it. Keep it up Mate.
 
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Amazing post, really enjoyed reading it. This kind of posts motivates me when I'm really fustrated in waiting my first big sale (xx,xxx).

Thank you for sharing this and let ot rock!
 
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