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..

 

[Coopey]

OOH and selling LLL.co.uk for £2,400. Oh how I wish I had my favourite domain back!

I thought you weren't going to sell that one?!

 

[verbster]

Got techsupport.mobi in the landrush. Got an immediate offer of $2K for it, but turned it down hoping mobi would be somewhat successful. Had more offers as time went by, but they got lower and lower. Finally sold it through Bido for a little over $500, but the buyer bailed. Now I just renew it to remind myself that one in the hand is definitely worth two in the bush.

 

[GoneWalkabout]

Biggest mistake was listening to naysayers and getting a little scared of the investments I made in .TV and TV.com names - Decisions I had originally made after a lot of research and thought.

I was so anxious I sold some of my best .TV names very cheaply and dropped a great many TV.coms it had taken me quite some time to collect.

Only later (when endusers started buying these names for many many times the price I had paid and more - and all the TV.coms I dropped had been picked up) did I realise I had thrown away a lot of good stuff in the mistaken belief that people who hadn't actually really studied the market at all were some kind of experts.

I now ignore naysayers as keenly as I do hype merchants.

Yes, in the wrong hands, and with the wrong attitude, every extension can be described, quite plausibly as crap/unprofitable/failing.

It is better to listen to endusers and your own sales/earnings about the strength of any market. The buyers money or lack of it tells no lies.



I also made the classic mistake of buying a hundred 'dull' names at reg fee each when I would have been better buying one truly great aftermarket name for the same amount.


A final mistake was leaving renewals until the last minute. Now I take advantage of any offers/coupons.


Another mistake - and one that not many will admit to, is spending too much time on Namepros and other domain forums!!!! (although it is now one of my most enjoyable guilty pleasures)

 

[clarew]

Buying .mobi and wasting thousands.

 

[opalxx]

Registering a couple of dozen 3d names perhaps?

Not sure if this is going to be a big mistake or a smart move!! Some coming up for renewal so crunch time is near. I'm still in two minds if i should renew or not, especially with 3d getting a boost with the 3dsmartphones hitting the retail sector soon. I did sell one 3d dot info on sedo which partly paid for the registrations of the others.

 

[devTastic]

Buying something with the intention of building a website for it, but never getting around to it... follow through is very important

 

[DU]

Another mistake - and one that not many will admit to, is spending too much time on Namepros and other domain forums!!!! (although it is now one of my most enjoyable guilty pleasures)

As you keep telling me through PM at Namepros and Allthings... lol

You still have an awesome set of .TV and TV.com so don't worry

Your time here has served me well and I will say out in public I appreciate it AND that I spend too much time here.

 

[Sam]

Sold RJ US.CC for $1,623.00 . He flips it for $7k. Back then 1.6k was a LOT of money for me.

 

[tetrapak]

Not buying a continent / a country .com at the time I had a chance for really good prices. Still banging my head if I think about it, and the development potential.

 

[kev]

Loosing $1000 to a web design scam
http://www.namepros.com/warnings-and-alerts/455069-michael-mann-scammed-me-out-1000-a.html

25,000 views that thread has had!

That's been my only real mistake!

 

[fleaking]

I spent $5,500 to purchase a gTLD domain in 2005,
it then was offered $10,000 USD through Sedo but I didn't accept,
instead, I swapped it for a ccTLD from a member here in 2006,
then the one I got was cancelled by the registry with an unknown reason,
I wanted my gTLD domain back but the member said "deal is deal",
he rejected to give the domain back to me but gave me 3 much worse names as compensation.
and my original gTLD domain was then sold by the member for more than $33,000 (based on DNJournal report) .

Finally I got nothing left but experience.

 

[JamesDavid]

I spent $5,500 to purchase a gTLD domain in 2005,
it then was offered $10,000 USD through Sedo but I didn't accept,
instead, I swapped it for a ccTLD from a member here in 2006,
then the one I got was cancelled by the registry with an unknown reason,
I wanted my gTLD domain back but the member said "deal is deal",
he rejected to give the domain back to me but gave me 3 much worse names as compensation.
and my original gTLD domain was then sold by the member for more than $33,000 (based on DNJournal report) .

Finally I got nothing left but experience.

Did you ever find out why it got cancelled? Was th previous owner at fault? Have they rereleased the name since?

 

[fleaking]

Honestly speaking,
I had posted it when that happened,
search pets.tv and you will read the whole story.

 

[Weber]

I regret not claiming that I invented the internet before Al Gore did.

 

[BeautifulDomainNames]

I spent $5,500 to purchase a gTLD domain in 2005,
it then was offered $10,000 USD through Sedo but I didn't accept,
instead, I swapped it for a ccTLD from a member here in 2006,
then the one I got was cancelled by the registry with an unknown reason,
I wanted my gTLD domain back but the member said "deal is deal",
he rejected to give the domain back to me but gave me 3 much worse names as compensation.
and my original gTLD domain was then sold by the member for more than $33,000 (based on DNJournal report) .

Finally I got nothing left but experience.

That might be the worst story I have heard. Gosh, I feel so badly for you.

Another regret is a rejected offer for a domain that I bought during those 'domain crazy' seasons. Should've taken and ran. Greedy me.

I once registered a pronounceable 5 letter .com that I thought was worth around $50, I got a $500 off within a week on Sedo and returned a counter for $1,200 to see if I could get anywhere with it. I COULDN'T.

Never heard anything back. I still have that name, years later.

I regret not claiming that I invented the internet before Al Gore did.

Nobody would have believed you either.:hehe:


- Dar

 

[Archangel]

B-But he did invent it :p

lol

Nobody would have believed you either.:hehe:

 

[VURG]

I turned down a mid $XX,XXX offer for a domain once. I never did know if it was a real offer or not and so I haven't lost too much sleep over it.

What I think was my biggest mistake was seeing my success with trading LLLL.com domains and then buying big in other types of domains that I didn't really want.

 

[ilikedomain]

Loosing $1000 to a web design scam
http://www.namepros.com/warnings-and-alerts/455069-michael-mann-scammed-me-out-1000-a.html

25,000 views that thread has had!

That's been my only real mistake!

Not sure how paypal was back in 2008 but they are good at dealing with scams nowadays. I got scammed for a few hundred bucks and 100% was returned.

I hate scammers! I wish id have tracked the guy down...

 

[JamesDavid]

I find this thread interesting with all the different instances people have gone through.

I def. salute anyone who has had a major loss but brushed themselves off and kept going...

 

[nowyouhaveit]

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

what's wrong with 1and1?
is it a bad service?
got a few names myself.