NameSilo

At what point do you...

Labeled as question in Domain Buying and Domain Purchases started by DefinitelyDomains, Aug 15, 2019.

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  1. DefinitelyDomains

    DefinitelyDomains DefinitelyDomains.com VIP

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    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. equity78

    equity78 Top Member TLDInvestors.com TheDomains Staff PRO Gold Account VIP ★★★★★★★★★★

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    The question is a bit broad, do you mean if you have had no success selling?

    I would say everyone should know why they are a domain investor, should stick to a set budget and have a safety net for a great buy that might come along.

    It can be a lonely and depressing business at times, and I would say when one gets frustrated to the point that they don't want to put in the time to

    track recent sales
    keep listings up to date
    watch closing auctions daily
    check the drops
    industry news

    It's probably time to take a break and come back refreshed.
     
  3. korganian

    korganian Top Member VIP ★★★★★★★★★★

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  4. Kassey Lee

    Kassey Lee 域名世界 VIP

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    When you become so old that your eyes cannot see, your ears cannot hear, your hands cannot type, and your brain cannot think...
     
  5. urlurl

    urlurl Top Member VIP

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  6. Bob Hawkes

    Bob Hawkes formerly MetBob NameTalent Gold Account VIP

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    This got me worried
    • I have virtually no hearing above about 150 Hz :xf.frown: (I hear those deep notes so well though :xf.grin:)
    • Things look fuzzier and fuzzier on the screen each year and my eye specialist shows me pretty images that show my eyes getting worse each year :xf.sick:
    However on the bright side....
    • I can still type up a storm!! :xf.smile: (as you have probably all noticed, and at times groaned about :-P)
    So I will stay in domaining for a while!!

    Being serious, I think @equity78 gave a superb answer above. If you no longer have passion for domains and are not keeping up with things, it is time to move on, I would say.

    Bob
     
  7. loredan

    loredan Top Member VIP ★★★★★★★★★★

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    One should stop buying domains when/if realizes that costs of purchases + renewals are way greater than sales. If you play with domains for a couple of years and see a big hole in your budget, perhaps is time to look for another hobby.

    Unfortunately many "domainers" are delusional :)
     
  8. Mister Funsky

    Mister Funsky Top Member VIP

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    When they pry the mouse from my dead, cold hands.
     
  9. Mister Funsky

    Mister Funsky Top Member VIP

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    That happens to me every day...about this same time.
     
  10. lolwarrior

    lolwarrior Founder, Brands.International VIP

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    If you are having great fun with your domain names, do it, and buy more!

    If you do not have great fun, do not do it.

    Always do what makes you happy :)

    You should have fun with your activities, as otherwise, what is the point of all effort ?
     
  11. Internet.Domains

    Internet.Domains Top Member VIP

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    Stop buying domains after the second drink. Wait until morning to start again. Basically just follow the laws surrounding drinking and driving.
     
  12. DomainRecap

    DomainRecap Top Member VIP

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    When you're not selling any of the ones you already own.

    I'm serious - it's easy to buy domains and very tough to sell them, so if sales are languishing then you need to take a break from buying and put more effort into selling.

    That includes keeping your marketplace listings up-to-date, adjusting pricing if necessary, putting some BINs on impending renewals you are not sure of keeping, evaluate any new or unused domain marketplaces, and of course, outbound marketing (in a professional manner).

    I used to spend nights going through the auction listings, picking what I wanted to keep track of, marking down my max price, etc., then I went through a bit of a dry spell over the last few months - lots of interest and minimum offers, but zero sales.

    So a few weeks ago I decided to split my nights between buying and selling duties. I finally got around to listing some of my domains on DAN.COM, I went back to Afternic and *finally* forwarded them ownership proof of some long-stuck-in-review domains (old owner still had them listed), adjusted some prices, added a few BINs, *finally* replied to some Afternic "leads", and even did an outbound campaign.

    And you know what, I sold 2 domains for low 4-figures this week - nothing life-changing, but it is forward movement and I like that. It also proves that you need to put as much (if not more) effort into selling your domains as you do buying them.
     
  13. frank-germany

    frank-germany domainer since 2001 / musician Gold Account VIP

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    stop buying domains???
    are you crazy?

    or what?
     
  14. Domains Ted

    Domains Ted Established Member

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    When two men fight with wooden sticks during the war. Means after the collapse of all technology.
     
  15. Abdullah Abdullah

    Abdullah Abdullah Founder, Brand Once Moderator Gold Account VIP

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    It is all about accounting. Set up excellent accounting system just like a business and compare things, monthly, yearly, with yearly being the most important. If it is big loss and you cannot afford to take that then you stop.
     
  16. FavourB

    FavourB Established Member

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    Stop buying domains when your money finish:ROFL:

    Ok am kidding on that one,
    Is simple,
    if you have bought let's say 10names sell at least 2 then go back to the market and buy another 5, with the profit gotten, slow and steady always win the race, with these formula your portfolio will increase with time.

    But that doesn't mean, one should not follow up on latest updates.
    What you have to do is shortlist good names you wish to buy once you get a sale.

    You know what I noticed, sometimes when I have shortlisted a name, I will come back tomorrow and un-shortlist it:xf.grin:

    With that pattern I have become less addictive with buying of domains, and I see it now from a different angle.
     
  17. DomainRecap

    DomainRecap Top Member VIP

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    This is a really good idea, and it's what I do when I've refused to buy any more domains until I sell one - it not only costs nothing but it will improve your portfolio quality in no time flat, because as FavourB stated, it's an ongoing process that will organically curate your list over time.

    Do the same to your renewal list, what you're going to keep, what you're going to drop, what you'll keep if you get a sale, what you're dropping no matter what.

    And most important of all, stick to it and after you've made your final decision, don't second guess yourself on a drop or a keep. You're the one who's going to make or lose money, so always stick to your guns.
     
    Last edited: Aug 16, 2019
  18. DomainRecap

    DomainRecap Top Member VIP

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    So around 20-25 years from now?
     
  19. myfavorite

    myfavorite Established Member

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    When a day passes without any desire to go through Namepros even though you have the time:xf.grin::ROFL:
     
  20. Domains Ted

    Domains Ted Established Member

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    No, this is not possible in our time.
     
  21. DomainRecap

    DomainRecap Top Member VIP

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    People lose electricity for a few days and its like The Purge. Once we run out of ammo, then out come the swords.

    That's why Bill Gates (and Zuckerberg, Bezos, Ballmer, and all the other billionaires) have luxury bunkers on every continent, and many own entire "doomsday islands" complete with turrets, missiles, and armed guards. Did you know that where ever these guys are in the world, there is a fully-fueled helicopter fired up and waiting nearby on a rooftop or airfield?

    These guys are pretty smart and have the resources to extrapolate the data, and they're scared sh*tless. They know what will happen, just not exactly when.

    We're adding a million people to Earth every 2 days, animal diseases are reaching pandemic proportions, at this rate most natural resources will run out in 10-15 years, corporations keep polluting the world, and most scientists give us 25 years at best before it all melts down. Why do you think people born in 2000+ are so freaking apathetic - they arrived just in time to see the world burn.
     
  22. Jimmysun

    Jimmysun Established Member

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    If a big company rob my best domain claiming that belongs to their trademark (but it's not true) and win the lawsuit, I might be going crazy and dump all of them.

    All humans turned zombies.
     
    Last edited: Aug 17, 2019
  23. stub

    stub Top Member PRO VIP ★★★★★★★★★★

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    You mean like, last year :)
     
  24. LiamShiff

    LiamShiff Established Member

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    you stop when whatever strategy or rationale you used to buy them doesn't lead to any sales.

    After you have exhausted all the options to sell your domain and then realize it was a bad idea

    After you realize that all your domains fall in the above category then maybe stop buying and find a new strategy
     
  25. stub

    stub Top Member PRO VIP ★★★★★★★★★★

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    Or find a new job :)
     

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