Biggest Mistake MADE

[JamesDavid]

I thought it would be informative if some people wanted to share the biggest mistake they MADE. NOT the biggest mistake they didn't do. People wont learn from your mistake "I thought of facebook but never developed it".

What will be informative is if people just say a mistake they MADE.

I will go first..


I can say the biggest mistake I have MADE would be buying into the gTLD hype and registering 5 .asia domains.. I want to say that at the time I pre-ordered them they were like almost $200 a piece..

I secured 5... and let the 5 drop after the first 2 years...

It was a costly mistake as the $1000 could have been used elsewhere..

I will NEVER buy into the gTLD hype again..

 

[John Baron]

Great thread idea. in my early domaining days i backorder 3 domain names in all the drop catching company's , snapnames got them , later on i understand they are really lousy and dropped them all .

after couple of months i got 3 emails from pool.com ... Congratulations! You have won domain(s)!
yeah - i did not clean my order in my pool account and they capture them when they dropped and i got them all back again ...

 

[Embrand]

Buying loads of crappy LLLL.com and many L-L.in names that are still awaiting their first offer...

 

[buywiser]

Buying domains at 1and1... (at least you learn! lol)

 

[gedhangbiru]

buying .tv domain....

 

[JamesDavid]

This isnt a mistake i made, rather a buddy of mine.

He wanted to get into domaining, decided on .info domains so he bought 100 at 99 cents each, so he had $100 invested.. the following year they renewed, he used a different email address for his domains, never checked it. they charged his debit card for the full renewal price for all 100 of them at like $9 each.... he missed the grace period and had to pay another year..

i did help him sell a few to get some money back but he stil lost out...

 

[DU]

My biggest mistake was believing that a broker for a top domain firm was working for me when he was actually working me for a big client. Cost me at least mid five figures to low six figures.

Think he still makes a living out of the 'favor' he did this big company.

But you live and learn.

This is something to consider in ALL walks of life... buying a house? leasing a house?

Is YOUR realtor playing both sides?

This is a top lesson to learn: knowing who's on your side. No reps allowed - but nice lesson

 

[Archangel]

I think I did the worst. You can consider it a mistake I made or a mistake I didn't. I dunno. You decide:

Several years ago, I saw an auction on eBay for about 100 L-L.com domains. Practically all were @ $1 and finished around $1 or had no bids. I won one for $1 but told the seller I really wasn't interested (that's a bad thing to do, very unethical. But I was still learning the ropes). He said it was okay and we exchanged positive feedbacks and left it at that. My mistake was passing up a L-L.com that I was rightfully offered for a tiny buck AND not buying all the rest of them for $1 each. I could have been pretty damn rich if I did it. I've lost sleep over it

Edit: I meant to say I saw 1 auction for 1 L-L.com and he had about another 100 L-L.com auctions.

 

[freezer]

Since when did experiences become mistakes?

 

[Kate]

Mistakes become experiences only if you learn from them.

 

[UR-PC.com]

Great thread idea.

My biggest mistake was many, lol.

1. When I first got into buying domains in 1998 I regret not registering more high quality domains instead of buying a handful I felt had potential but back then I didn't know any better so I bought some decent domains and the rest were just crap.

2. In the 12 or so years I have been into this business I regret not being on top of the industry news and I let a lot of decent domains go because I didn't have the money to register them or I didn't care at the moment because I was busy with other stuff in my life.

3. I regret not spending more time developing my websites. <--- THIS IS MY BIGGEST MISTAKE!!!

4. Never taking advantage of PPC programs or parking my domains to at least make some money to justify registering them instead for many years I never tried to even park them and I lost huge amounts of money paying for them yearly out of my own pocket.

5. Not being apart of namepros.com until recently on a daily basis when I should have been a regular on this forum since the day it started.

6. Being to young and naive when I first got into this business and not being able to see what the trends where at the time to take advantage of them.

7. Passed on all the offers I have had on selling some domains because I felt they were worth more but probably should have sold a few that I had decent offers for.

I could go on all day long about regrets I have in this business but the mistakes I made are what make me a better person today. I feel I learned a lot in the 12 or so years I've been in this business and am learning every single day something new.

 

[pit]

A long time ago, in a galaxy far far away... I registered a bunch of short VOIP domains. I wish I had never let them go. namebio.com/search.php?popout=true&page=1&results=25&price_min=0&price_max=10m&length_min=0&length_max=50&num_results=undefined&domain=voip

 

[daj]

Mistakes?

Registering domains that I personally like, but nobody else finds valuable.

Getting hung up on .com domains only, even though I've made most of my profit selling domains in other extensions.

Wasting my time pitching emails off to sellers of domains that I want to own (even one's where .com is the only registered domain), thinking I could possibly get the domain for low $xxx, to only find they all expect a buyer with deep pockets to buy their domain, and most won't even consider selling a domain for less than $x,xxx. Domaining is the only business in the world where many sellers expect a 10000%+ profit.

Not knowing about domaining in the 90's when I was still a teen so I could of had a hand in registering some great domains.

 

[Eric]

Hmm... my biggest mistake was selling a project that I worked for several years on (had become my 'baby' :p ) for only ... well, I won't mention the price. Other than that, domain wise... making my first domain a .info, that was made worse with the keywords I chose :p

 

[Embrand]

I think I did the worst. You can consider it a mistake I made or a mistake I didn't. I dunno. You decide:

Several years ago, I saw an auction on eBay for about 100 L-L.com domains. Practically all were @ $1 and finished around $1 or had no bids. I won one for $1 but told the seller I really wasn't interested (that's a bad thing to do, very unethical. But I was still learning the ropes). He said it was okay and we exchanged positive feedbacks and left it at that. My mistake was passing up a L-L.com that I was rightfully offered for a tiny buck AND not buying all the rest of them for $1 each. I could have been pretty damn rich if I did it. I've lost sleep over it

Edit: I meant to say I saw 1 auction for 1 L-L.com and he had about another 100 L-L.com auctions.

This one made me feel almost good about my mistake :hehe:

 

[cache]

in 1989, went through the whole process of applying a domain for the company I worked for, but did not realize the value of domains. This is a multimillion dollars mistake.

 

[Archangel]

It comes to show that you should never just sit idly and watch a wave pass, even if you're unaware of what's to come :p I regged one .tel when they first came out but eh they never picked up. It was a small investment and didn't hurt anything to try.

This one made me feel almost good about my mistake :hehe:

 

[firefly]

My biggest mistake was probably not looking for, or finding a site like Namepros before I started registering names.

Could have saved myself some money and grief (on some crap domains) if I had found this place before then.

 

[DnEbook]

loverobo.com
spacerobo.com
robosrus.com
roboauctions.com
usedrobos.com
robotbin.com
robotdate.com
rentalrobo.com
promorobo.com
newrobotic.com
robotoyshop.com
robopetshop.com
robotoyrepair.com
repairrobotics.com
spaceylove.com
spacejournals.com
spaceoddessy.com
freespacetour.com
spacedater.com
spacechocolate.com
spacelessons.com
spacecomic.com
spacebible.com
spacegum.com
spacefart.com
spaceluv.com
spaceygirl.com
spacecrash.com
spacewines.com
spacegrave.com
spacerecruits.com
thespacediner.com
spacetraveltour.com
spacetravelcam.com
spaceboulevard.com
spaceagefashion.com
hovercabbookings.com
horizonspacetravel.com
freeonlinespacetravel.com
ROBOBEERDOTCOM​

let's just say i wanted the worlds first interactive piece of art ..... let's just say i didn't have the space cash to keep regging them , lets just say i could have purchased great product domains instead , lets just say ..... oh why bother !

 

[humbug1s1k]

My biggest mistake was probably not looking for, or finding a site like Namepros before I started registering names.

Could have saved myself some money and grief (on some crap domains) if I had found this place before then.

I can relate to that!

 

[WordWalker]

For me, the question is whether it was a mistake to invest in only domain names over the past five years instead of allocating the same total dollars to acquire both domains and physical gold (of course, the gold would have been dollar cost averaged over the same five year period)?

The final chapter on this investment primer has yet to be written. Only time will tell...

Search "Numero Uno Domains" for a portfolio glimpse...