Are old school domain investors still relevant?

Discussion in 'Domain Industry News' started by equity78, .

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  1. DnEbook

    DnEbook DataGlasses.Com VIP ★★★★★★★★★★

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    Rick knew the value of communication with his "adult" phone service all those years ago, I would suggest that anyone who can make money in contemporary settings is relevant. His name are still relevant, thus he is still relevant whether you agree with what he says or not.
     
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  2. Jurgen Wolf

    Jurgen Wolf Top Member VIP

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  3. BaileyUK

    BaileyUK Established Member

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    Why do we still have to go over this old ground

    domain investors in the early days paid a god-darn fortune to register what they thought would be a growing demand for 'internet identity' before the the internet ever took hold. I love all this retrospective but 'I would have done the same'

    No you bloody wouldn't have $70 yes 70 dollars for a single years registration of what you think may become something more was a big statement and commitment in 199X

    it was a big wage to commit to something that had no history/understanding or much developed usage. and what would be the same commitment today $70 (then) X 1997/8 with little understanding of potential technology inroads

    thankfully bitcoin is what the internet can now pour it's heart out - as a 'wish-I-was-there' days
     
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  4. DomainRecap

    DomainRecap Established Member

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    Back then, for me at least, the problem was not the money (I remember it being $50 a year) but the almost total lack of communication and knowledge. In HS I started a few websites partnered with major players (it was popular back then) but I had no clue how to handle my own undeveloped domains - there was an online rumor (true or not?) that domains required a hosting account (black magic to me back in the dark ages) and live nameservers or the registry could claw it back due to being unused.

    Could have been a bogeyman statement, but it scared the crap out of me (i was very young and naive), as hosting was very expensive and there were no guides or CPanels or forums or anything - it was pretty Wild West back then with virtually no infrastructure.
     
  5. DnEbook

    DnEbook DataGlasses.Com VIP ★★★★★★★★★★

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    You may have read the Castello brothers grabbed Whisky/Com for free at one stage and they sold it for $$$$$$$$$$
     
  6. Kate

    Kate Domainosaurus Rex VIP ★★★★★★★★★★

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    Of course, if you are expecting to make a fortune on handregs it is too late for the most part. That's why domainers who are hoping for the second coming of dotcom and invest heavily in new extensions always lose money.

    Just because you can't repeat the same play doesn't mean that the advice of old school domainers is irrelevant. Quality is still relevant, discernment is still relevant. Good domains remain good domains, whereas bad domains don't become good domains just because they are aged.

    There are just too many know-it-all domainers who refuse to learn the lessons from History. This is where the experience of old-timers should come in handy. You can take a donkey to a fountain but you can't force him to drink :)

    You brought up the stocks analogy. Domaining is very similar in many aspects. The key is to identify domain names that are undervalued and that could be resold for a healthy profit.
    Money can be made on handregs but this is difficult. For the vast majority of domainers, the Handreg Route is a boulevard of shattered dreams. I think it is a waste of time and money in general. Domainers always say they handreg domains because they can't afford to buy great names on the aftermarket. But when you've bought hundreds or thousands of domains, and been paying for renewals you have effectively spent (or wasted) thousands of dollars already. If you do the math you can figure it out for yourself.
    Instead, you could have bought just a few nice domains. You flip them for a healthy profit, and reinvest.
    Lather rinse repeat.

    In short, yes old-school domainers are still relevant. Because domaining hasn't changed that much really. .com is still the most sought-after extension.
    I would listen to the old-timers, and look not just at what they are doing, but - even more importantly - what they are not doing.
     
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  7. HotKey

    HotKey Made in Canada VIP

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    Lots of new ways to mix concrete. The Roman aqueducts built thousands of years ago still stand. I'm seeing cracks in peoples new homes just a couple years old. Old school will always be the foundation, and what we return to when it all falls apart.
     
  8. DomainRecap

    DomainRecap Established Member

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    I never said that, and in fact earlier I stated the exact opposite.

    What I did say is that, for the most part, their SALES are irrelevant to 2018 simply because times have changed to drastically, the domain market has matured along with the Internet, and like you said, you can't just run out and hand-register gems like you could in the late-90's and early-2000's.

    I used to mine Bitcoin on my old Radeon gaming cards, then sold at a hefty profit during the boom - how does that make any sense today when you need massive and expensive NVIDIA server farms? My dad bought Intel stock in the early-80's - cool story bro!

    But I still love reading Rick's comments on the biz, along with the other legends of the game.
     
  9. stub

    stub Top Member VIP ★★★★★★★★★★

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    "You can take a donkey to a fountain but you can't force him to drink :)" Attribution @Kate.

    Try leading a dog to water and try to force him to NOT drink? :)
     
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  10. Kate

    Kate Domainosaurus Rex VIP ★★★★★★★★★★

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    Yet the dogs should refrain from drinking when they are handed out Kool-Aid :) It's called discipline.
     
  11. Premiums

    Premiums Top Broker

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