discuss Are newbies increasing the competition?

[Arpit131]

Do you think that domaining is hyper-competitive? That a prospective buyer who was going to buy only one domain may end up buying a domain from one of the other players in the industry over you, and hence, as more and more people enter the industry, it is a loss to your business.

Especially if it is the case that you operate in a segment where they can easily enter, do you think that they would take up some of the names that you could have bought and flipped?

Is a new entrant into the industry increasing the bandwidth of the industry or increasing competition?

 

[Atone]

Do you think that domaining is hyper-competitive? That a prospective buyer who was going to buy only one domain may end up buying a domain from one of the other players in the industry over you, and hence, as more and more people enter the industry, it is a loss to your business.

Especially if it is the case that you operate in a segment where they can easily enter, do you think that they would take up some of the names that you could have bought and flipped?

Is a new entrant into the industry increasing the bandwidth of the industry or increasing competition?

Where did you start . Big competition in all aspects of anything you care to mention .

 

[frank-germany]

They are making the pie bigger.

The are also learning to shoot the moon:

https://www.namepros.com/threads/yall-wanna-shoot-the-moon.1162085/

That drives prices higher and reduces supply. So, the supply you have becomes worth more not less as more inventory ends in the hands of end-users who won't sell anytime soon.

More money in the domain economy lifts a lot of boots. The only people whose boat gets sunk are the folks who have to sell for chump change and then struggle to get back in the game.

The good news is that there are still tons of great deals to be had if you know where to look.

Godaddy's big acquisition and rising stock price just shows that the markets are starting to wake up to the possibility of domains becoming a respected international asset class.

It seems to me that it is all good.

https://namebio.com/blog/dont-shoot-for-the-moon/



-quote start

Rob Monster of Epik recently started an interesting discussion over at NamePros about “shooting the moon” when selling your domains. Basically the premise was that you don’t know how much the buyer would be willing to pay, so you might as well ask for an astronomical number and see what happens.

After all, you can’t get a high price if you don’t ask… right? Plus you can always offer a lease as a cheaper alternative, or you can walk your price back down.

For 99.99% of you this is terrible advice. Why?

Because getting a crazy sale is a numbers game, and you don’t have the numbers.

By the Numbers
Mike Mann is notorious for selling seemingly mediocre domains for shocking prices. I hear this all the time from new investors, and also surprisingly from some seasoned players:

If Mike Mann can sell something bad like AnimalsUnited.com for $39k why can’t I do the same? Maybe I should raise my prices… my domains are better than that one.

Well maybe, but you don’t own 352,316 of them.

Let’s look at how Mike Mann actually prices his names:

Range Number Percentage
$250 or Less 1,368 0.4%
$500 or Less 9,026 2.6%
$1k or Less 20,257 5.7%
$1.5k or Less 32,744 9.3%
$2.5k or Less 81,661 23.2%
$5k or Less 134,837 38.3%
Higher than $5k 217,479 61.7%
Higher than $10k 175,426 49.8%
Higher than $25k 68,358 19.4%
Higher than $50k 20,090 5.7%
Higher than $100k 3,863 1.1%
50% of his names are priced at four figures or less, 38% are priced in the sweet spot at $5k or below, and 6% of his names are even priced in the three-figure range. Even the poster boy for ridiculously awesome sales is not just blindly shooting for the moon on every domain.

In the past year Mike Mann has reported 25 sales in the five-figure range. While he probably doesn’t report every sale, that is only a 0.014% sell-through rate for names in that range.

Let’s pretend for a minute that your entire portfolio was of similar quality to the cross-section of names he has priced at $10k+, and that you priced them all $10k+.

At that rate, if you own 500 domains it would take you around 14 years to get a single sale. If you only own 100 domains you would only make one sale your entire life.

For most of you, if you shoot for the moon you’re going to end up missing and floating around in space until you suffocate. Dark, I know… but it’s true. You won’t make any sales, you’ll bleed money from renewals and new acquisitions, and you’ll eventually say the domain industry is rigged and rage quit.

Survivorship Bias and Retail Comps
Retail comps have no predictive value whatsoever. If Mike Mann sells a mediocre domain for mid five-figures that says absolutely nothing about what your domain would sell for. Not even if your domain is very, very similar to his or is different but better. Let that sink in for a minute; read it again if you have to.

Your buyer is not Mike Mann’s buyer when he gets a crazy sale, your buyer is almost always Mike Mann’s buyer when he sells for 3-4 figures. You don’t have enough inquiries to stumble across the person with big plans and an even bigger wallet with any consistency. It might happen once a decade. It might never happen.

You are not Mike Mann either. He is making multiple sales a day, so if one deal falls through he’s not going to starve. That puts him in a very strong negotiating position. He probably does more end user sales in a day than you do in a year. You can’t afford to not care if a buyer walks, even if you do your best to adopt that attitude to project strength.

With retail sales all you hear about are the lightning strikes; the big sales; the often lucky sales. You don’t hear about the hundreds of thousands of domains that are overpriced and never get an inquiry. You don’t hear about the people struggling to make renewals because they’re shooting for the moon and missing. And perhaps most importantly, you don’t hear about all the solid sales the seller missed out on trying for that one lottery ticket.

You only hear the success stories, and that makes you believe you can do it too.

Why You’ll Probably Never Make a Crazy Sale
Let’s go back to the $39k sale of AnimalsUnited.com that I mentioned earlier. Crazy right? If only you owned the name that could have been your conquest. But what most people don’t fully appreciate is that to get a sale like that you have to first turn down $500, $1k, $2.5k, $5k, $10k, $15k, $30k, and $35k before you finally get to $39k.

Could you really turn down a $5k offer on a name you probably got for $50? I know I probably couldn’t. And even if you could… should you?

It’s much more likely that the buyer ghosts you at that point than increases his offer. At the end of the day you’ll score more by hitting a lot of singles and doubles, than swinging for the fences and striking out 7,000 times in a row (the odds of Mike Mann hitting a home run).

If you’re not in a position to turn down phenomenal returns you’ll never make those legendary returns. Even if you had the right name, in the right place at the right time, with the right buyer; you weren’t the right seller. Everything has to come together. So stop trying, you’re just scaring away solid sales playing extremely long odds.

What should I do?
That depends on where you are now and where you’re trying to get to. Maybe you’re just doing this for fun, you only own 50 good names, and you couldn’t care less if you make a sale as long as you live. If that’s you, by all means, shoot for the moon every time. You’ll probably never make a sale, but who cares.

I suspect most of you have small to medium sized portfolios, domaining is currently your side hustle, but you’re trying to grow it into a serious revenue stream. If that’s you, don’t get distracted by this sideshow of “shooting the moon”. Price your names reasonably, re-invest into better names after each sale, and be patient and consistent. It will happen eventually.

Only if you already have a large, high-quality portfolio can you play the lottery game of going for crazy sales and actually win. But like Mike Mann, you should only do it with a small percentage of your portfolio. The rest should be reasonably priced for steady cash flow.

Regardless of your status, list all of your domains for sale on Afternic and Sedo, price most of them and make it a reasonable number, and opt them into the MLS/DLS so they get into the registration path. If you do that you’ll be ahead of most domain investors, and well on your way to growing your portfolio.

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Michael Sumner
Michael Sumner is the CEO of NameBio.com, and is the lead developer at State Ventures which owns and operates geo domains such as OceanCity.com and Maryland.com. Michael is also the co-founder of DN Media, a company that has been involved in seven figures worth of domain name transactions.



-- quote ends

 

[karmaco]

There seems to be too much emphasis on selling domains and people are quick to just label you as a newbie who didn't listen because they haven't made any sales.

Psst Redstagg most of us got into this to make money and so do focus on selling.

I appreciate the hobbyists and fall into that category in some ways but for some people especially in some countries—this is serious stuff and an income enhancement they might not otherwise obtain through just a day job. To some people, even a smaller sale is a gold mine to their daily quality of life.

 

[Rob Monster]

https://namebio.com/blog/dont-shoot-for-the-moon/



-quote start

Rob Monster of Epik recently started an interesting discussion over at NamePros about “shooting the moon” when selling your domains. Basically the premise was that you don’t know how much the buyer would be willing to pay, so you might as well ask for an astronomical number and see what happens.

After all, you can’t get a high price if you don’t ask… right? Plus you can always offer a lease as a cheaper alternative, or you can walk your price back down.

For 99.99% of you this is terrible advice. Why?

Because getting a crazy sale is a numbers game, and you don’t have the numbers.

By the Numbers
Mike Mann is notorious for selling seemingly mediocre domains for shocking prices. I hear this all the time from new investors, and also surprisingly from some seasoned players:

If Mike Mann can sell something bad like AnimalsUnited.com for $39k why can’t I do the same? Maybe I should raise my prices… my domains are better than that one.

Well maybe, but you don’t own 352,316 of them.

Let’s look at how Mike Mann actually prices his names:

Range Number Percentage
$250 or Less 1,368 0.4%
$500 or Less 9,026 2.6%
$1k or Less 20,257 5.7%
$1.5k or Less 32,744 9.3%
$2.5k or Less 81,661 23.2%
$5k or Less 134,837 38.3%
Higher than $5k 217,479 61.7%
Higher than $10k 175,426 49.8%
Higher than $25k 68,358 19.4%
Higher than $50k 20,090 5.7%
Higher than $100k 3,863 1.1%
50% of his names are priced at four figures or less, 38% are priced in the sweet spot at $5k or below, and 6% of his names are even priced in the three-figure range. Even the poster boy for ridiculously awesome sales is not just blindly shooting for the moon on every domain.

In the past year Mike Mann has reported 25 sales in the five-figure range. While he probably doesn’t report every sale, that is only a 0.014% sell-through rate for names in that range.

Let’s pretend for a minute that your entire portfolio was of similar quality to the cross-section of names he has priced at $10k+, and that you priced them all $10k+.

At that rate, if you own 500 domains it would take you around 14 years to get a single sale. If you only own 100 domains you would only make one sale your entire life.

For most of you, if you shoot for the moon you’re going to end up missing and floating around in space until you suffocate. Dark, I know… but it’s true. You won’t make any sales, you’ll bleed money from renewals and new acquisitions, and you’ll eventually say the domain industry is rigged and rage quit.

Survivorship Bias and Retail Comps
Retail comps have no predictive value whatsoever. If Mike Mann sells a mediocre domain for mid five-figures that says absolutely nothing about what your domain would sell for. Not even if your domain is very, very similar to his or is different but better. Let that sink in for a minute; read it again if you have to.

Your buyer is not Mike Mann’s buyer when he gets a crazy sale, your buyer is almost always Mike Mann’s buyer when he sells for 3-4 figures. You don’t have enough inquiries to stumble across the person with big plans and an even bigger wallet with any consistency. It might happen once a decade. It might never happen.

You are not Mike Mann either. He is making multiple sales a day, so if one deal falls through he’s not going to starve. That puts him in a very strong negotiating position. He probably does more end user sales in a day than you do in a year. You can’t afford to not care if a buyer walks, even if you do your best to adopt that attitude to project strength.

With retail sales all you hear about are the lightning strikes; the big sales; the often lucky sales. You don’t hear about the hundreds of thousands of domains that are overpriced and never get an inquiry. You don’t hear about the people struggling to make renewals because they’re shooting for the moon and missing. And perhaps most importantly, you don’t hear about all the solid sales the seller missed out on trying for that one lottery ticket.

You only hear the success stories, and that makes you believe you can do it too.

Why You’ll Probably Never Make a Crazy Sale
Let’s go back to the $39k sale of AnimalsUnited.com that I mentioned earlier. Crazy right? If only you owned the name that could have been your conquest. But what most people don’t fully appreciate is that to get a sale like that you have to first turn down $500, $1k, $2.5k, $5k, $10k, $15k, $30k, and $35k before you finally get to $39k.

Could you really turn down a $5k offer on a name you probably got for $50? I know I probably couldn’t. And even if you could… should you?

It’s much more likely that the buyer ghosts you at that point than increases his offer. At the end of the day you’ll score more by hitting a lot of singles and doubles, than swinging for the fences and striking out 7,000 times in a row (the odds of Mike Mann hitting a home run).

If you’re not in a position to turn down phenomenal returns you’ll never make those legendary returns. Even if you had the right name, in the right place at the right time, with the right buyer; you weren’t the right seller. Everything has to come together. So stop trying, you’re just scaring away solid sales playing extremely long odds.

What should I do?
That depends on where you are now and where you’re trying to get to. Maybe you’re just doing this for fun, you only own 50 good names, and you couldn’t care less if you make a sale as long as you live. If that’s you, by all means, shoot for the moon every time. You’ll probably never make a sale, but who cares.

I suspect most of you have small to medium sized portfolios, domaining is currently your side hustle, but you’re trying to grow it into a serious revenue stream. If that’s you, don’t get distracted by this sideshow of “shooting the moon”. Price your names reasonably, re-invest into better names after each sale, and be patient and consistent. It will happen eventually.

Only if you already have a large, high-quality portfolio can you play the lottery game of going for crazy sales and actually win. But like Mike Mann, you should only do it with a small percentage of your portfolio. The rest should be reasonably priced for steady cash flow.

Regardless of your status, list all of your domains for sale on Afternic and Sedo, price most of them and make it a reasonable number, and opt them into the MLS/DLS so they get into the registration path. If you do that you’ll be ahead of most domain investors, and well on your way to growing your portfolio.

37SHARES
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Michael Sumner
Michael Sumner is the CEO of NameBio.com, and is the lead developer at State Ventures which owns and operates geo domains such as OceanCity.com and Maryland.com. Michael is also the co-founder of DN Media, a company that has been involved in seven figures worth of domain name transactions.



-- quote ends

Sure, and he is relying on data where:

1. The seller mostly did not know who the buyer was.

2. The seller more than likely responds slowly.

These are fixable problems.

I like Michael Sumner. He and I have had extensive discussions since he wrote that piece and we look forward to support NameBio.

We are working on something novel that we think NameBio customers will really appreciate -- a real-time feed of domain OFFERS.

We won't be publishing domain sales, but we think it might be fascinating to share what domains are getting verified offers, and to encourage the rest of the industry to publish that anonymized data.

Make Offer is more work but the pay-off is bigger for those who do the work. Fact.

 

[Reddstagg]

What? That's the exact reason why people invest. Even if you want to call it gambling, gamblers want to make money.

Good point and thank you. Maybe I am just different for many reasons. I am enjoying my journey more than the future end destination. I've spent money on domain names which I could just about afford to spend but it is not the end of my world if I don't make a sale. I'm about a year into this journey now and have about 250 names. There's a good spread between dot.com and notdot.com and I have covered many different industries/niches.

I'm not into any one particular area too deep so won't be affected too much if it doesn't take off. Every few years or so I get the opportunity to blow a hundred bucks in a casino in the hope that I win, but it doesn't crush me if I don't win. I never chase my losses and know when to quit. If you like, it gets it out of my system.

I'm from a nation that bets on two flies walking up a wall so it's not something I want to get into. We're Irish. We drink, we gamble and we fight.

I haven't sold any domains yet and I'm still here and enjoying myself as much as ever. I'm learning new skills and keeping my mind active and I'm meeting new people who I can learn from and gradually I will decide which direction I am going to move into.

Until that time, I'll just be here. Watching and learning.

Regards,

Reddstagg

 

[Reddstagg]

Psst Redstagg most of us got into this to make money and so do focus on selling.

I appreciate the hobbyists and fall into that category in some ways but for some people especially in some countries—this is serious stuff and an income enhancement they might not otherwise obtain through just a day job. To some people, even a smaller sale is a gold mine to their daily quality of life.

Thank you for your reply.

I know that selling is important but if it begins to consume you then you start to make rash decisions and you are then buying and selling just to make money. This is probably fine for those who are able to flip a domain name but if your strategy is anything other than that you must use balanced reasoning when thinking about any sale.

If you had too much money would you sell a domain name for the same price as you would if you were broke? Probably not. If you have the mindset that you are rich you have a different attitude and demeanor and everything becomes less of a challenge. I'm sure a realtor who is selling a property a day has a different attitude than if he or she hasn't made a sale for four months.

it's all about perception. I give the impression that I am just here playing for fun and that maybe I'm not taking things too serious but behind the scenes there's a well oiled machine at work. I probably spend 2-4 hours every day domaining in some way or just learning in general.

I am long term unemployed and got sick and tired of being overlooked for jobs I was more than qualified for so I just decided to see whether I could start my own business from home. So far so good. I've laid my foundations and I have my stock and my business plan.

I spend what I can when I can without hesitation and without regret. I started with nothing and now I call myself a Domain Investor.

I see fellow Newbies entering this industry with nothing but a few bucks and a dream and it really just p*sses me off when someone crushes their dreams just because they can.

I hate to say it, but pound for pound some of the Newbies are out performing some of their more established contemporaries.

Be nice to everyone on your way up as you may meet them again on your way down.

Regards,

Reddstagg

 

[Reddstagg]

The real competition is the uneducated consumer aka "end user". We all register and buy good names, but until such time the consumer realizes we can help them everything else is moot.

One of the newbies here Reddtagg is really good imho. I don't know his background, but he thinks for himself and is pretty damn creative. I've done a lot of different things in my life, but this business taps into my creative genes every day. I was having lunch today with a friend who recently retired after 30 years as a professor of marketing at one of our local universities. He like many of my other business peers didn't have a clue about the domain/brand industry......but he does now When I shared with him today about the level7.com domain that Rob Monster and RJ just sold for 30K, he was a little surprised, but because I've been teaching him what I know, he's starting to catch on.

Then when I explained that RJ had purchased the domain aftermarket for $664 back in the day (i think 2004), he understood more where I've been coming from with regards to this industry. He seems to think I'm pretty creative, and he's not too bad himself. He's a real good guy to bounce ideas off, but unfortunately we're too much alike

Finally, my new friend feels like I do... there's a pony in the domain poop, and I'll stop at nothing to find it. And the fact there's competition looking for the same pony makes it even more fun

"Smile for no Good Reason"

Good afternoon and thanks for the recognition. It is very much appreciated.

At present, I'm long term unemployed and just got into domain investing as a way to start a business from scratch using just a PC, broadband and my imagination. Before that I was a Carer for my late Father when he had Alzheimer's. He was an inspiration for me as he wrote and had published a local history book at 65 years of age. He, like me also suffered with arthritis and he typed it up using two cut down pencils having never used a computer before. If you believe in yourself good things can happen.

I worked for over 30 year in the financial services industry and just about covered most aspects of how and why companies operate. I'm a writer. I'm a thinker. I up-cycle/recycle antique furniture. I'm an inventor. I speak three languages. I could design you a small house and then build it for you. I could build you a box and then convince you to think outside of it.

I'm a Domain Investor and this is the start of my second year and I don't think I've done so bad so far. Others will no doubt disagree but I respect their right to have that opinion. It will just spur me on to greater things.

Regards,

Reddstagg

 

[oldtimer]

We are working on something novel that we think NameBio customers will really appreciate -- a real-time feed of domain OFFERS.

We won't be publishing domain sales, but we think it might be fascinating to share what domains are getting verified offers, and to encourage the rest of the industry to publish that anonymized data.

I have always wondered what happens to the thousands of legitimate offers that just don't end up in a sale because they fall just short of the asking price for certain domains. Is there any way that these offers could automatically be matched up with other similar category domains that are cheaper from a domainer's portfolio.

How can we prevent legitimate leads from going to waste.

IMO

 

[oldtimer]

but it is not the end of my world if I don't make a sale. I'm about a year into this journey now and have about 250 names.

That 250 number is actually a very important threshold when it comes to whether to expand a portfolio by getting more domains or not.

In my opinion it's best to keep a portfolio below 250 domains until you have a proven track record of getting offers and making sales and even then I still believe that it might be best to keep a portfolio on a smaller side so that it will be less stressful and time consuming when it comes to managing your domains and taking care of renewals.

One big mistake that a lot of domainers make is that they expand their portfolio without having any sales and then they get drowned by renewal charges.

I believe that keeping a smaller portfolio of quality domains that you constantly thrive to improve on by trimming it and replacing the lesser quality domains with better ones might be the best strategy for the majority of the domainers (unless of course you are amongst the very few skillful and experienced domainers that can make large portfolios profitable).

IMO

 

[Reddstagg]

That 250 number is actually a very important threshold when it comes to whether to expand a portfolio by getting more domains or not.

In my opinion it's best to keep a portfolio below 250 domains until you have a proven track record of getting offers and making sales and even then I still believe that it might be best to keep a portfolio on a smaller side so that it will be less stressful and time consuming when it comes to managing your domains and taking care of renewals.

One big mistake that a lot of domainers make is that they expand their portfolio without having any sales and then they get drowned by renewal charges.

I believe that keeping a smaller portfolio of quality domains that you constantly thrive to improve on by trimming it and replacing the lesser quality domains with better ones might be the best strategy for the majority of the domainers (unless of course you are amongst the very few skillful and experienced domainers that can make large portfolios profitable).

IMO

Many thanks for your comments.

I started my journey specifically in January and I have continued to add domains throughout the whole year so my renewals are quite well spread out.

I've just had my end of year 1 and I manged to survive the dreaded renewal conundrum.

My plan is: Register a domain. Monitor throughout the year for relevancy and drop or keep as the renewal arises. If it's not worth the renewal fee then I use the money to register two new domain names. Rinse and repeat.

My portfolio now is a little different from when I started but I had been formulating a list of future names to register before I took the leap of faith. My standby/maybe list is now over 1,300 possible registrations so I always have something that I can call on.

I'd definitely say that in the most part my domain name choices have improved over time which I guess is the natural progression that most Newbies go through.

I respond to many of the 'Domain Request' threads and I keep both ears to the ground whenever I'm on the internet as there may be something that catches my eye. I add it to my standby list and check the guesstimated appraisal value. I think on it a while and register the name if I think that I should or if there are many people starting to discuss the topic or niche.

I'm in no rush and I'm here for the long haul and I'm just enjoying my journey.

I'm a natural researcher by definition and I enjoy spending time looking into new things and advancements in technologies etc.

Regards,

Reddstagg

 

[oldtimer]

My standby/maybe list is now over 1,300 possible registrations so I always have something that I can call on.

We all have our own wish lists that we keep adding domains to over the months. Not all the domains in those wish lists are worth registering, the trick is to find the few (maybe the top ten) that actually have some potentials and for those it might be best not to wait too long to pull the trigger because by now it's a proven fact that our domain research through some Registrars and Registers and even Whois is subject to prying eyes who would not hesitate to steal our research and register any worthwhile domains that we might have been able to come up with which in my opinion is a shame for the domain Industry to allow some people to benefit from other people's hard work by stealing their research.

Nevertheless it might be best to keep your portfolio small and be cautious as to how many domains you buy or register, but at the same time if you come across something that is considered to be a gem then don't hesitate to get it, you can trim your portfolio of some lesser quality domains later in order to still be able to keep it the same size.

IMO

 

[ThatNameGuy]

Sure, and he is relying on data where:

1. The seller mostly did not know who the buyer was.

2. The seller more than likely responds slowly.

These are fixable problems.

I like Michael Sumner. He and I have had extensive discussions since he wrote that piece and we look forward to support NameBio.

We are working on something novel that we think NameBio customers will really appreciate -- a real-time feed of domain OFFERS.

We won't be publishing domain sales, but we think it might be fascinating to share what domains are getting verified offers, and to encourage the rest of the industry to publish that anonymized data.

Make Offer is more work but the pay-off is bigger for those who do the work. Fact.

Rob...i know you're aware that I'm working on a business model where I plan to give/gift domains simply for the cost of "shipping, handling and storage". At 72 years old young I really don't have time to hope and pray that someone finds one of my domains and pays me a premium As you're aware, I pay just $8 for my .com domains, some of which are actually OK.......even according to you

That said, thanks for your help Rob

 

[ThatNameGuy]

We all have our own wish lists that we keep adding domains to over the months. Not all the domains in those wish lists are worth registering, the trick is to find the few (maybe the top ten) that actually have some potentials and for those it might be best not to wait too long to pull the trigger because by now it's a proven fact that our domain research through some Registrars and Registers and even Whois is subject to prying eyes who would not hesitate to steal our research and register any worthwhile domains that we might have been able to come up with which in my opinion is a shame for the domain Industry to allow some people to benefit from other people's hard work by stealing their research.

Nevertheless it might be best to keep your portfolio small and be cautious as to how many domains you buy or register, but at the same time if you come across something that is considered to be a gem then don't hesitate to get it, you can trim your portfolio of some lesser quality domains later in order to still be able to keep it the same size.

IMO

oldtimer...everyone is different thank God! I just calculated that I've registered an "average" of 3 domains a day for the last two years, thus about a thousand domains a year.

At $8 a pop I don't give a lot of thought whether or not to pull the trigger, and like I've said, seldom would I buy a domain that I wouldn't consider using for a business I started myself. And yes, I've started dozens of business since college in 1970....not bragging, just a fact.

Regardless, the more anyone does this the better they will get imho. You don't have to have started as many business as I have, but if you're a little creative and have a sense of what an "end user" might buy, just keep at it. The one thing I will caution is, if you're not passionate about it, don't do it.

 

[frank-germany]

They are making the pie bigger..

your pie gets bigger
as a registrar

the pool of end users stays the same
it 'a fluctuating size of a pool
but has no correlation to the number of newbie domainers

acquiring good domains gets more competitive
after a while
when they are no newbies any more

 

[oldtimer]

Rob...i know you're aware that I'm working on a business model where I plan to give/gift domains simply for the cost of "shipping, handling and storage". At 72 years old young I really don't have time to hope and pray that someone finds one of my domains and pays me a premium As you're aware, I pay just $8 for my .com domains, some of which are actually OK.......even according to you

That said, thanks for your help Rob

If you are able to make domaining profitable for yourself it's okay to expand your portfolio as you see fit, but when I recommended that it was best to keep a small portfolio (under 250 domains) I was mostly talking about Newbies and those who are not getting any sales.

Once a Newbie has established a track record of making sales or monetizing their domains then they can build on that to the extent that they can preserve the same track record.

IMO