NameSilo

Domain Myths and Lies

Labeled as discuss in General Domain Discussion started by ThatNameGuy, Nov 11, 2019.

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  1. ThatNameGuy

    ThatNameGuy Restricted (33% DM) Gold Account

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    I'd like to start this thread with the statement I hear so often from "so called" professionals in the domain industry, "All the Good Domains, especially the .coms are already taken"

    This couldn't be further from the truth:xf.confused: Having started, operated and yes NAMED dozens of businesses in my lifetime, I know better. Regardless of the business you're looking to start, chances are I can find or locate a name that's more than satisfactory to run/operate your business within an hour. Seriously, naming a business isn't rocket science, but to listen to those who make a living from the domain industry, they would like for you to think it is:xf.rolleyes:

    Having discovered this industry just a little over two years ago, I've hand registered a couple thousand names of which I still own a little over a thousand of which 80% are more than satisfactory for running a business.

    Other myths to discuss;

    "Shorter is better"

    "Older is better"

    "New gTLD's are garbage"

    Please feel free to chime in. Thanks
     
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  2. Samer

    Samer Top Member VIP

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    “No more than 2 words.”

    Occasionally, i’d stray, break from this rule.

    Samer
     
    Last edited: Nov 12, 2019
  3. ThatNameGuy

    ThatNameGuy Restricted (33% DM) Gold Account

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    Thanks for your post Samer, 90% of my posts are two words and the others are one word brand types like Arkadek.com, or three words like BetheTiger.com

    My point here is, a newbie doesn't hear this from the "oldtimers"...they have to learn it on their own:xf.frown:
     
  4. Dave

    Dave Top Member VIP ★★★★★★★★★★

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    Of course it is still possible to hand register if you have a good eye. Some members here make a full time living doing this, though it practically requires near full time dedication. Extremely difficult to replicate that if you're already working full time.

    The reason so many newcomers are discouraged from hand registering is because most don't have the required knowledge yet to be successful at it. There's honestly so much more to making money out of hand registering then simply coming up with names that sound good.
     
  5. ThatNameGuy

    ThatNameGuy Restricted (33% DM) Gold Account

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    I totally agree Dave...I know I own and have hand registered a portfolio of good domains, but getting them the exposure they need is the only thing that's holding me back. When you own domains like SavorManhattan.com or 212Waterfront.com that can tie back to million(s) of dollars of revs for businesses in NYC/Manhattan alone, it speaks volumes to the potential of my portfolio.

    Forttunately I have enough staying power to make it all happen while I'm developing a new golf game called 9Time™ that will revolutionize golf around the world.

    My advice to newcomers who are creative and like to hand register is to focus on industries where the money is, and to register complimentary domains, ie. domains that serve a specific targeted industry. Good Luck!
     
  6. gilescoley

    gilescoley Top Member PRO VIP ★★★★★★★★★★

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    Its fine having 2000 names that "you" feel are more than satisfactory for a business name, but the bottom line is you still own those names and companies are not buying them so they are not feeling the love like you are. This means you need to slow down on registering so many names because the renewals fees will be killing you, and focus ion selling rather than buying. You have been saying the same thing for 2 years now and your portfolio and renewal costs are just getting bigger and bigger. :xf.rolleyes:
     
  7. wurdd

    wurdd Established Member

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    Why would you want to revolutionize golf? That's what's destroyed the game. Give me a round by myself on a links course in Scotland with a bag of woods and forged irons. That's golf. Hopefully that's your development. I'll be your partner in it, but we'll have to change that name first.
     
    Last edited: Nov 12, 2019
  8. ThatNameGuy

    ThatNameGuy Restricted (33% DM) Gold Account

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    WOW!!! Another post from downunder that only "confirms" my suspicions about "Myths and Lies", the title of this thread. First, you should be following me close enough by now to know that I've culled my portfolio of about 2000 domains down to around 1,200 domains. You probably didn't notice either that my portfolio, less than a year ago consisted of 80% new gTLD's and 20% .coms, and now those percentages have flipped almost overnight. You probably didn't notice either the rationale behind it, so I won't bore you or any of the readers with an explanation.

    Contrary to your statement/fib:xf.wink: that my portfolio just keeps getting "bigger and bigger", and that "renewal fees will be killing you", my portfolio keeps getting "smaller and smaller", and I've made enough money from my domains that I can more than afford the renewal fees. Giles, I'm not super rich, but my retirement income is in the neighborhood of about 80K a year, and like most of my peers we own our homes and have other assets. Is that hard for you to fathom. Let me give you a math lesson here Giles, if I need to renew 1,200 domains a year and I don't sell a single domain, and the "average' renewal cost is $10 per domain how much does that come to "annually"? Here, I'll help, it's $12,000. Sorry to inform you Giles, but out of the 80K I make a year in retirement, I think I can afford it despite the myth/fib you're alluding to.

    Like your friend Kate from downunder, I don't expect to ever hear any apology from you either. In this case I just consider the source, and you may wish to notice that i did apologize to the other Kate "insinuating" they may be one in the same because that's what a real gentleman in America does when he realizes he "may" be wrong. Cheers:xf.rolleyes:
     
  9. .X.

    .X. Upgraded Member Gold Account VIP ★★★★★★★★★★

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    Absolutely the Hand Reg myth, Love hand reg names, Sell Hand Reg names, I do agree with @Dave though, It is not for everyone for sure and it can consume your whole life doing it. I don't make a lot of money from Hand Reg names, but profit a couple, to a few hundred+ per name.

    I agree with @gilescoley as well, don't dig a deep hole with having to many renewals in Hand Reg names, it can be a painful lesson unless you have a lot of funds to play with.

    I would say the same with a portfolio in general. some believe the more names you have the better chance of selling names, their is some truth to this, but quality will always beat quantity IMO. stagnant domain names that at the very least don't even receive offers are a bummer.

    The domain name industry is so so so much more diverse than an average new person to the industry could even fathom, the big mistake is to come into the industry with only a sell sell sell attitude IMO, have fun first, go through the learning curve, the learning curve will cost money , some more than others, but it will cost money for sure. most people don't want to accept that, so they begin a vicious circle of spending more money to try and recoup their losses, a bad spiral that leads to "why can't i sell a domain name" , even a domain name collector likes receiving offers on their domain names.

    Its no fun being being brand new to anything, but if you really have a passion for something, you will practice and practice to become the best you can be, of course admiring the top tier of successors in your passion, that is simple human nature to do so. staying real with yourself at your own talent level is always a factor to your own success.

    the domain name industry has something for everyone who really wants to participate and work in it, many say the industry is beyond maximum saturation, I disagree, the industry has plenty of room for everyone, just accept your talent level and thrive to obtain your goals within your aptitude and talent level. the rest will take care of itself.
     
    Last edited: Nov 12, 2019
  10. cooljub

    cooljub Established Member

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  11. ThatNameGuy

    ThatNameGuy Restricted (33% DM) Gold Account

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    Excellent post Addict. I know we've crossed paths before, and while you've been around the domain industry longer than I have, I've had a bit more practical business experience than you.

    Assuming we're both pretty good at the hand reg game, all we need is a better means by which to get our creations in front of the "end users" they were/are meant for. I have some very specific ideas for that, but I need help. Not to worry about me though, I have the time, the $$$ and the desire to figure this out. We should stick together, you know....Birds of a Feather:xf.wink:, and maybe we can help each other add value to our domain possessions(y)
     
  12. frank-germany

    frank-germany domainer since 2001 / musician Gold Account VIP

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    would you mind
    listing few names that you sold for more than $100 USD?

    so the newbies may be able to judge better
    if they might want to trust you

    as claiming to be a better expert
    doesn't make you a better expert, right?

    just a few facts would do
    like a list of recent sales:

    date xxx.com $xxx USD


    thank you
     
  13. Ostrados

    Ostrados Entrepreneur Gold Account VIP

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    There is only one myth in domaining: "more domains means more sales" and I think you believe in that!

    More domains ≠ more sales if you have collected garbage domains.
    More domains = more sales if you have collected decent domains.

    Even if you sell some garbage domains you sell small percentage < 0.01% and at low prices that will never cover small portion of your renewals.
     
  14. ThatNameGuy

    ThatNameGuy Restricted (33% DM) Gold Account

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    You've asked me this before, and my answer as before is NunyaDB.com. If you want to send me a PM for a clarification I'm happy to accommodate:xf.wink: Have a Great Day!
     
  15. frank-germany

    frank-germany domainer since 2001 / musician Gold Account VIP

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    great to hear you sold a domain
    you forgot to mention the sales price

    so after 2 years into domaining with a lot of innovative ideas
    you managed to sell 1 domain for what ever $

    you are doing better than me
    I guess it took me 3 years to sell my first 4 fig domain in 2003
     
  16. Chairul avif

    Chairul avif Established Member Epik.com Staff

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    Shorter is better
    in principle, a domain name is a translation of an ip address that is hard to remember by humans, so even a short domain name is easier to leave than a long one
    Older is better
    its totally myth for me.
    New Gtld is garbage
    There is very less big company using NGtld using those domain name as publishing tools. Many company like .com more because its familiar.
     
  17. gilescoley

    gilescoley Top Member PRO VIP ★★★★★★★★★★

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    No myths and lies in what I said, 2000 names in 2 years, that strategy certainly needs to be changed, even 1200 names is far too many. The number of sales you have had is proof of that.

    I dont follow you at all to be honest, thats why I haven't replied to your post for probably 12 months or so. I only came across this thread by accident.

    Feel free to shares your sales if this is the case. :xf.rolleyes:

    And I respect you for this, it was certainly needed. :xf.smile:
     
  18. BaileyUK

    BaileyUK Top Member VIP

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    He's having a wind-up as as always Frank

    Nunyadb.com = 'None of your damn business'. And of course it's not registered.

    I actually feel quite sorry for the guy these days He's definitely 'A Jack of all trades but master of none' but if it pleases him to to be a wind-up merchant with a slim grasp on reality, Why not ? He's found something to latch onto = Domains. His posts can be quite entertaining in a 'Hope I never get like that' sort of way.

    Anyway what ever keeps him happy is alright with me personally - I'm sure many of us now take a similar stance
     
    Last edited: Nov 14, 2019
  19. jmcc

    jmcc Top Member VIP ★★★★★★★★★★

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    Don't think so. Approximately 36% of COM domain names are reregs.

    Regards...jmcc
     
  20. ThatNameGuy

    ThatNameGuy Restricted (33% DM) Gold Account

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    LMAO Bailey...NunyaFB was already taken, or I'd own it:xf.wink: You're really kwik Bailey, and the fact you "feel quite sorry" for me really "pleases me".

    The Addict in me had me longing for, DomainSalesTips™ ( i know it's 3 words and 15 letters) a few hours ago. I know, what was I thinking:xf.rolleyes: Now being from the UK, and if I were to buy it, would you have me list it with Seado or Undeveloped? Thanks for your tips Bailey, I can't tell you how much they're appreciated(y)
     
    Last edited: Nov 14, 2019
  21. ThatNameGuy

    ThatNameGuy Restricted (33% DM) Gold Account

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    John...i just luv your site. I'm sit'n here wearing my "Lovely Day for a Guinness" cap I got in Dublin in 1995 with my St. Andrews sweat shirt I got in Edinburgh. I'm feel'n a wee bit Scottish and Irish:xf.wink:

    With regards to reregs, your site surely tells me a lot about a domain that I may be looking at; take for example DomainSalesTips.com that I was checking on a few hours ago. When I found out it was available to register via GD, I immediately went to HosterStats to check and see if it had ever been reg'd. Well, not only was is reg'd for 15 years between 2000 and April of 2019, it was reg'd continually from 2006-2019.

    John, while other members here think of me as a narcissist because I share my real life's background and experience, I use to own a company called Inquisitor Investigations. I actually rebranded my business changing the name in 2007 and reg'd InquisitorInvestigations.com. I closed the business in 2015, but someone picked up the name in 2017 and just dropped it again September 2019. My point is, i know it's a good name for a PI firm so I think I'll pick it up again along with IQinvestigation.com another name that I like a lot that's available as well. Again, thanks for your site, and if I'm ever back in Ireland we'll have a pint or two:wacky: Cheers!
     
    Last edited: Nov 14, 2019
  22. karmaco

    karmaco Top Member VIP

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    It’s definitely not a myth that shorter is better as far as domain names go. Most customers will pick a short catchy name any day over some long winded garbage that nobody will remember. Actually everything you mentioned is not a myth as far as how soon you can expect an actual sale. People especially domainers with large pockets are more likely to pay up for a name that wasn’t registered 5 minutes ago.

    I am a big fan of hand reg, regging drops etc but these usually have potential (like all names) and aren’t likely to sell tomorrow. If your goal is to sell names anytime soon at least half of your names should have some age behind them.

    Are there exceptions? Sure. First mid 4 figure name I sold was exactly 60 days old. There are exceptions in breakout trends CBD Crypto are two recent ones. If someone gets great names of a possible trend and that trend explodes their payday might come very soon.

    For all other regular trends a long wait is much more likely. Honestly you sound like a collector to me. Otherwise you would pick at least some valuable names to buy and sell now instead of just tooting your own horn about the “potential” of your names. Your goal should be to sell ASAP—not declare how brilliant you are with nothing to back it up. Time is not on anyone’s side who is more than oh maybe 30. If you aren’t in this to actually make money in the here and now you are a collector.
     
    Last edited: Nov 14, 2019
  23. frank-germany

    frank-germany domainer since 2001 / musician Gold Account VIP

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    I would rather
    see (you) do
    it
     
  24. xynames

    xynames XYNames.com PRO VIP

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    Other than some vague allusion to having collected something (unclear whether it was even cash might have been equity in a new company or venture formed that he valued arbitrarily) from a couple of supposed investors in the distant past over some kind of joint venture and if this is even true it wouldn’t begin to cover all his acquisition costs and renewal fees over two years - he hasn’t sold a single domain. His domains aren’t even listed for sale in any marketplace and have no landing pages so even if someone wanted them they have no exposure.
     
    Last edited: Nov 14, 2019
  25. ThatNameGuy

    ThatNameGuy Restricted (33% DM) Gold Account

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    xynames....for LYING about me like you just did in your post, you and your ILK should ALL be banned from posting on NamePros. Besides other domains I've sold, I purchased and yes SOLD the domain BroadBayMGA.com to the Mens Golf Association at the country club where I'm a lifetime member. They insisted on paying me $100 for securing it for them where I would have given it to them. I've sold other domains as well, and I can promise that you will be the LAST to know, if ever. Now that I've responded to your condescending and yes LYING post, I'm reporting it to NP and requesting that you be BANNED. After I've done that...I'll pray for you, for you need help way more than you know:xf.rolleyes:
     

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