andrewwilliams54323
Account Suspended (Warnings)
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Can you tell me what mistakes you made in domain investing because mistakes teach us a lot?
Thanks
Thanks
Thanks for sharing about your mistakeBuying and even renewing rubbish names and other usual mistakes are par for the course, but my greatest mistake has been selling too cheap and thinking that I could make it up in volume (profitwise). I was trying to be competitive (which is pointless when you're selling unique assets) and concentrated on not losing a sale because of a ”high” price, not realizing that I could also lose a sale by pricing too low. Price signals value and quality, especially to some people and to some extent (I’m not talking about moonshots here).
Sometimes learning what to drop, and actually doing it, is the most important part of staying profitable, I think.1. Selling at the wrong time.
2. Not sticking to my price.
3. Buying at the wrong time.
4. Holding domains for too long.
5. Not accepting offers I should have.
6. Buying into trends.
7. Not keeping accurate records of domain financials.
8. Needed to learn to drop domains.
Thanks BobThank you for sharing such a complete answer. Superb advice in this one post:
Sometimes learning what to drop, and actually doing it, is the most important part of staying profitable, I think.
While some have made a lot on trends, I suspect that overall more people lose money than make money on every trend.
-Bob
While some have made a lot on trends, I suspect that overall more people lose money than make money on every trend.
You should ask your wife before listing.I once listed a LLL .com on eBay without reserve.
your right on this is ok now but I would give up all these domains and the money to get half the time wasted if I would have put it all in the s and p it would be worth millions keep it small and enjoy your family[cats and the cradle ]In retrospect, my biggest mistake was getting into domain investing.
Thanks for sharing your mistakesEven though I have great domains I have thousands of them ,this is a blessing and a curse, when times are rough and you can not sell a thing ,you dont drop anything because there still great domains ,if I had to do it all over again I would rather buy 50 great domains for 5k each then thousands in auctions or hand reg,because weather there valued at 100 bucks or 1 million there still 10 bucks a year 50 x10 500 bucks to renew or 5000 times 10, 50k to renew no brainer but where all mostly domain addicts here. ''stay lean and mean''
Thanks for sharing your mistakesI was fortunate by not making many mistakes to regret, Thanks god
Two mistake I did I guess
- registering one xyz with premium reg fee & renewal fee which i later had to drop. Lost 1500$
-not selling many xyz when I had during the peak time, hope they will sell eventually
-registering many web3 domain like .c .tx and dropping them