NameSilo

Are you also in for the long haul?

Located in General Domain Discussion, started by PatrickV, May 18, 2021

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  1. PatrickV

    PatrickV Established Member

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    Or just for a quick flip?

    I'm in for the long haul, no need for parking money, patience is the key.

    Only parking is not enough imo.

    You need some marketing/active approach imo.

    GLTA
     
    Last edited: May 18, 2021
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  2. DuDD

    DuDD Established Member

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  3. AEProgram

    AEProgram Top Contributor VIP Blue Account

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    A while back I was watching a video about stock investing and the guy poked a little fun at people that when they buy a stock and the price goes down they instantly claim they purchased it for long term. The truth is, they have no choice but to wait or sell now for a loss.

    When we buy a domain we all hope to get a good offer the moment it lands in our account. When that doesn't happen we automatically purchased it for the long term.
     
  4. koolishman

    koolishman Top Contributor VIP

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    Not everyone.
     
  5. HotKey

    HotKey Made in Canada VIP

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    The long haul, yes. I like to err on the side of disaster, worst case scenarios. Probably because,
    no time for that commitment. My approach is more like the dormant cicadas, coming up every 17 years make a stir cause a fuss take a tumble, and see what's up. Re-evaluate, trim some fat and go back to bed. Really a terrible plan actually.

    Being proactive and consistent is the best approach. Will also avoid potential pitfalls. One day I'll follow my own advice. Even so, in domaining I like to keep my expectations realistic and leave the fluff for the fluffers.
     
  6. NickB

    NickB it's a mystery VIP

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    I wouldn't knock parking - don't do it myself, but if you have domains that pay for themselves via parking then that allows you build up a nice portfolio that cost's you next to nothing in renewal fees

    Win Win imo.......
     
  7. DrJacoby

    DrJacoby Established Member

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    Since you claim to be in it for the long haul, I guess you haven't sold any of your million-dollar domains yet?
     
  8. PatrickV

    PatrickV Established Member

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    I have patience. Not in a hurry at all. I have good traffic yet. Building up something for the future. GLTA
     
    Last edited: May 18, 2021
  9. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

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    There is no substitute for time when it comes to making quality domain sales.

    Brad
     
  10. Samer

    Samer Top Contributor VIP

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    Long haul, quality over quality, constant improvement.

    Remember, 💯% com, no matter how tempted try other.

    “If cant sell .com, how can you sell [insert other] ngtld?”
    Would take even more patience imo even all priced, bin!
     
    Last edited: May 19, 2021
  11. Recons.Com

    Recons.Com Top Contributor VIP

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    Long haul or not, the portfolio has to be profitable today or there is a decent chance that your selection is not good and won't appreciate with time.

    Unless you are a visionary that could see future ahead of others and predict crypto before it became a thing or other similar developments, and are collecting those kind of names, a good collection of names usually is profitable today.
     
  12. HotKey

    HotKey Made in Canada VIP

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    In others words Recons, you are not in for the long haul. I guess it depends on the type of domains. Great domains can last the ages, sub-par domains you best find a buyer quick before they realize they can do better. Also, do you need a consistent income? Is this your primary? Questions that define flippers vs long-haulers.
     
  13. Recons.Com

    Recons.Com Top Contributor VIP

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    That was a weird conclusion from my words.

    My portfolio is profitable at any time and I keep doubling every year. I rarely drop any domain as I value the time spent picking those names and I am patient and I believe in my choices (belief supported by regular sales).

    I have already sold 40 domains in $xxxx to $xxxxx range this year.
     
  14. HotKey

    HotKey Made in Canada VIP

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    Your right, worded it odd. Point was type of domains can define hold expectations, and if you don't have a long-term vision than that tells me one of two things:

    1) You regularly sell/flip domains, thus don't need to sit and roost, or
    2) Your domains cannot stand the test of time if they needed to

    It's not to say one can't be flipping quality all day long, but it's unlikely. Usually we seek top dollar for our great names don't we? And that right buyer doesn't just show up every day, even with the grind. Thus in a portfolio of thousands, there has to be a good deal of domains that can make the flip because of affordability, keeping that STR for a consistent income.

    People selling high numbers of domains every month don't easily impress me. Show me the domains you are selling, and I will tell you, bluntly, the buyers are idiots. Sellers may be brilliant in their methods, but it's not always or even usually indicative of domain quality.

    #1 factor in buyer's choices: a dot-com only mindset. This is the biggest fallacy and promoter to the idea of a successful domain name.
     
  15. griff

    griff Top Contributor VIP

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    only thing i'd put above time would be the calibre of the domains themselves - OP's portfolio appears to be a handful of handregs and hopes to sell them for 7 figures each to pay for retirement.

    we should always support and encourage newcomers but provide realistic expectations too.
     
    Last edited: May 19, 2021
  16. Recons.Com

    Recons.Com Top Contributor VIP

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    Wrong again. I don't flip. I make regular inbound sales and I am keeping all my names for good. I don't have to live in Lalaland telling myself that I am making the losses but I will make a moonshot sale in a decade that will pay it off.
     
  17. eyedomainous

    eyedomainous Top Contributor VIP ★★★★★★★★★★

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    The cost of short term thinking is always paid at the expense of ecosystems. Domains are no exception, as +70% are used for quick returns -from ad parking to cybercrimes, and so are banned. Enduser domain sales are likely under 2% of available inventory. Much of the rest sits idle as product inventory, adding no value to markets -that consider the practice 'squatting', or to a web user's life online.

    So yes, I am domaining for the long term. Not just by investing in future tech properties -whose value goes-up, over time, as their role in the marketplace increases. But also by bringing life to as many domains as I can, as content showcases in their fields -or as basic product or service providers.

    This not only gets the domains ranked in search, adding value. But also increases mindshare with market endusers, helps earn some money along the way, and makes the web ecosystem more useful and rewarding for those who take the time to surf my way.
     
  18. johnn

    johnn WeSellName.com PRO VIP ★★★★★★★★★★

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    My wife said I am in for the long hole.
     
  19. biggie

    biggie GreenFriendly.com VIP ★★★★★★★★★★

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    Hi


    all while i have, been in,
    i was hauling in
    some parking money too.
    that helped to make the journey, to this point -
    be seen, as the blessing it is and was, to find.

    imo....
     
    Last edited: May 19, 2021
  20. Future Sensors

    Future Sensors 78% of human domainers will be replaced by robots Gold Account

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    Nice poem.
     
    Last edited: May 19, 2021
  21. DirkS

    DirkS Dutchman.info VIP

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    Please define 'the long haul'. I suppose I was in it for 'the long haul' 20 years ago... Is that 'the long haul' or should I add another 20?
     
  22. ReallyBigIdea.com

    ReallyBigIdea.com Established Member

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    not for all.. just let expire it or gift it for free..

    tbh non-killer domains are more like usernames.. rather than an investment.
     
  23. Future Sensors

    Future Sensors 78% of human domainers will be replaced by robots Gold Account

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    I like your comparison with stock investing. With investing in any category, including domains, a lot of different emotions can influence how you select, price, drop, describe, can wait, and negotiate the best or optimal outcome for your domains within your strategy. On this specialized forum with different types of domainers, and not a lot of end-users, there may be some bias, too. In any investing, you have to define, follow, stick to a strategy, or you will get crazy, helpless, caught by emotions. Enjoy the domaining ride.
     
    Last edited: May 20, 2021
  24. HotKey

    HotKey Made in Canada VIP

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    I don't doubt it Recons, cheers.
    I think it's planned hold expectations for a domain to mature to its worth, or lack thereof.

    Recons made a good point on portfolio being profitable today, which in my eyes does not necessary equate to a domain reaching the right buyer, but a domain reaching any buyer. My point earlier was this is not a long-haul approach. Nothing wrong with that, and makes the most sense for a consistent income.
     
  25. redemo

    redemo Established Member

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    I'm in this to make money and I don't have much patience. All my 40-odd domains are actively doing something whether it be a business website template for potential sale, parking ads, redirection to another name, email address, on loan to someone or a answers and ads site. I'm not waiting for offers because they are few and far between, although I've sold 3 names this year ( two in .com and the other in .org ) totaling about £ 800 ( $ 1130 ). Generally I buy .com names to develop and sell, co.uk names to develop and monetise. I am unable to do nothing with a domain name and the idea of not making money from all this time investment is unfathomable.
     

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