Irfan Shafi
Account Closed
- Impact
- 61
If you want to think of domain investing as a hobby or as a shot in the dark, a lottery ticket that’s your choice .
Just like the lottery those who play it most are the one’s who can afford it least.
Domainers who think this way are most likely to registrar crappy domains thinking they may get lucky once and hit it big.
Domain investing however is like any other kind of investing.
If you buy shares of stock do you think of it as buying a lottery ticket?
Or do you do research on the company, figure out the market, look at the charts and the fundamentals?
Or do you just pin up the Wall Street Journal stock quotes page to the wall and throw darts and buy whatever the dart hits?
Domaining is no different.
Buy wisely.
Spend wisely
Invest for the long haul.
Yes you may get lucky and sell a domain a month after you acquire it but its not going to happen with regularity.
If you buying a domain with knowing you would have to sell it or drop it when the expiration is up, you probably shouldn’t buy it or register it to begin with.
Now a lot of people what to talk about timing and/ or luck.
Hey if you have enjoyed success in your life you probably have had some good timing and/or luck and/or karma and/or God on your side, or whatever you want to call it at some point.
No doubt.
But also you make your own luck to some extent.
Wise decisions led to luck.
The more good decisions you make, the more likely you are to be lucky.
Yes there are lottery winners.
1 in 14 million I think are the odds for the Florida lottery.
No Bueno.
Don’t forget that many people who have won the lottery have lost it all later in life, gambling, drugs, divorce bad investment.
Bad luck following good?
Or just bad decisions making for bad luck.
If all you’re going to depend on is luck to get you through life; well then good luck to you.
For the rest, do your homework, make a plan, stick to a winning plan, adjust a losing plan and work really, really hard.
Article Credit : The Domains
Just like the lottery those who play it most are the one’s who can afford it least.
Domainers who think this way are most likely to registrar crappy domains thinking they may get lucky once and hit it big.
Domain investing however is like any other kind of investing.
If you buy shares of stock do you think of it as buying a lottery ticket?
Or do you do research on the company, figure out the market, look at the charts and the fundamentals?
Or do you just pin up the Wall Street Journal stock quotes page to the wall and throw darts and buy whatever the dart hits?
Domaining is no different.
Buy wisely.
Spend wisely
Invest for the long haul.
Yes you may get lucky and sell a domain a month after you acquire it but its not going to happen with regularity.
If you buying a domain with knowing you would have to sell it or drop it when the expiration is up, you probably shouldn’t buy it or register it to begin with.
Now a lot of people what to talk about timing and/ or luck.
Hey if you have enjoyed success in your life you probably have had some good timing and/or luck and/or karma and/or God on your side, or whatever you want to call it at some point.
No doubt.
But also you make your own luck to some extent.
Wise decisions led to luck.
The more good decisions you make, the more likely you are to be lucky.
Yes there are lottery winners.
1 in 14 million I think are the odds for the Florida lottery.
No Bueno.
Don’t forget that many people who have won the lottery have lost it all later in life, gambling, drugs, divorce bad investment.
Bad luck following good?
Or just bad decisions making for bad luck.
If all you’re going to depend on is luck to get you through life; well then good luck to you.
For the rest, do your homework, make a plan, stick to a winning plan, adjust a losing plan and work really, really hard.
Article Credit : The Domains
