discuss Domain Myths and Lies

[ThatNameGuy]

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 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

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

 

[ThatNameGuy]

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

Regards...jmcc

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

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 Cheers!

 

[karmaco]

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.

 

[frank-germany]

..., would you have me list it with Seado or Undeveloped?

I would rather
see (you) do
it

 

[xynames]

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.

 

[ThatNameGuy]

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.

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

 

[xynames]

Here we go...where JBLions says that you told him directly that there was no sale of any domains and you told him it was some kind of joint venture investment that had to do with creating a business not straight sale of a domain.

If you like I’ll find your post in your own words when I called you out and stated that this wasn’t an arm’s length actual sale and you admitted as much.

In any case, now you say that you sold a domain for $100.? If so, I stand corrected - you have sold a domain! Was that cash or against club membership fees and in any case how does that as you put it “more than” cover acquisition costs and renewal fees on a couple thousand domains?

I directly asked him before. He did mention he had a couple of friends invest $10,000, those amounts above in the quote equal $10,000. I mean really - SexSea.Realty for $2,500. Does that look like a real sale?

So I think they gave him 10K after he gave his spiel about new gtlds, they believed him, gave him 10K to invest, he gave them those 4 domains and put them at 2.5 k each in return.

And Epik, that's where he said he buys his domains from.

And Domain Originator is a horrible name. Buy and sell domains, domain investor (what was posted already) explains it just fine, makes sense.

Then this from the other thread:

"I'm also looking at business lawyers from around the country, and advertising firms to help me sell domains. And similar to the real estate broker and salesperson split, it would be 30 -40% for the salesperson and 60-70% for me. This might not make sense to you MapleDots, but it makes perfect sense to me."

What? These are 1,500 hand regs, no sales, no inbound inquiries, 1,200 he said he might drop. So somebody out there is going to spend time trying to sell hand regs?

 

[xynames]

Here’s where you admitted less than two weeks ago that you haven’t made any landing pages or listed your domains for sale in marketplaces:

Well it hasn't been years XYNames, but you're right in that I haven't developed or outsourced my domains YET for showcasing to the public.

And here is where you admitted that whatever you referred to wasn’t a straight sale but, as I stated and you admitted to JBLions, some kind of joint venture investment over a business:
https://www.namepros.com/threads/tr...tion-justify-ntld.1085650/page-2#post-6759680

 

[ThatNameGuy]

Here’s where you admitted less than two weeks ago that you haven’t made any landing pages or listed your domains for sale in marketplaces:

And here is where you admitted that whatever you referred to wasn’t a straight sale but, as I stated and you admitted to JBLions, some kind of joint venture investment over a business:
https://www.namepros.com/threads/tr...tion-justify-ntld.1085650/page-2#post-6759680

So you're a lawyer aren't you? You really haven't a CLUE what I have or haven't sold? Speculate all you want, but you KNOW NOTHING!!! So please STOP your LYING, STALKING and HARASSING, and you can tell your friends the same. Do YOU UNDERSTAND?

 

[ThatNameGuy]

Here we go...where JBLions says that you told him directly that there was no sale of any domains and you told him it was some kind of joint venture investment that had to do with creating a business not straight sale of a domain.

If you like I’ll find your post in your own words when I called you out and stated that this wasn’t an arm’s length actual sale and you admitted as much.

In any case, now you say that you sold a domain for $100.? If so, I stand corrected - you have sold a domain! Was that cash or against club membership fees and in any case how does that as you put it “more than” cover acquisition costs and renewal fees on a couple thousand domains?

So who gave you permission to DICTATE to me when and to who I should report my domain sales to? As a lawyer you should never assume anything...didn't you learn that in law school? Now kindly leave me alone

 

[frank-germany]

So who gave you permission to DICTATE to me when and to who I should report my domain sales to? As a lawyer you should never assume anything...didn't you learn that in law school? Now kindly leave me alone

I'm gona ignore you for a while

just wanted to make sure a newbie won't think you have a clue

 

[ThatNameGuy]

I'm gona ignore you for a while

just wanted to make sure a newbie won't think you have a clue

It's about time Frank...that's the smartest thing I've ever seen you do

 

[ThatNameGuy]

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.

So let me ask you this...as you've obviously read here, but doubt my veracity here are two names of businesses I started, operated and NAMED years ago.

One of the first businesses I started in 1973 that's still in business today was originally Credit Control Corporation, and there were times that we referred to yourselves as "CCC" Theoretically,
domain lore would say that I should have registered the domain ccc.com...right? Is that what you would have done? Even though I sold the business in 1988, about the time the first domain names came on the market, the company that I use to own now uses the domain CredControl.com...check it out if you don't believe me. Then go to CreditControl.com and you'll find another company owns that name today. In this instance, the better of the three names ccc.com, CredControl.com and CreditControl.com is without question the name I bolded despite CredControl and CCC being shorter. If you need for me to explain it to you I will, but you would need to know a little more about this than I know.

Second case, I use to own another business InQuisitor Investigations for which I owned the domain InQuisitorInvestigations.com which was known to be one of the best names for a licensed private investigations company in the industry. So do you think I might have changed the domain for my business to II.com just because it was shorter

Granted there are times when shorter is better, but if you take this industry for example, other than you or maybe me, what the heck does UDRP or ICANN.org stand for? I can understand if you're branded as IBM why you might want to use that instead of International Business Machines, but these companies or organizations rebranding and buying domains using their initials have lost their sense of purpose imho Besides, i think you might have difficulty trademarking initials?

 

[ThatNameGuy]

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.

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.

"There is only one myth in domaining: "more domains means more sales" and I think you believe in that!"
Obviously you haven't been paying attention First, I never said that, and I can only assume you must have heard it that "rumor" from some of my critics. If you read my first post here, you'll see where my portfolio consists of just 1,200 domains down from 2000. Did you read that? Please don't spread untruths like that about me. Thank you for your cooperation
↑

 

[Joe N]

One of the first businesses I started in 1973 that's still in business today was originally Credit Control Corporation, and there were times that we referred to yourselves as "CCC" Theoretically, domain lore would say that I should have registered the domain ccc.com...right? Is that what you would have done? Even though I sold the business in 1988, about the time the first domain names came on the market, the company that I use to own now uses the domain CredControl.com...check it out if you don't believe me. Then go to CreditControl.com and you'll find another company owns that name today. In this instance, the better of the three names ccc.com, CredControl.com and CreditControl.com is without question the name I bolded despite CredControl and CCC being shorter.

Rich, I believe @karmaco was looking at it from the standpoint of a domain investor, whereas you're looking at it from the point of view of an owner of a specific business.

From your point of view, I agree - CreditControl is better. It's clear, meaningful, and conveys a sense of authority and trust regarding the services being offered.

From the point of view of a domain investor - three letter domains are typically more valuable than two word domains as a general rule. As liquid assets, they can be sold for higher values to other investors, and on average I believe they also sell for higher values to end users (although I have not yet done the research myself to confirm this).

So context is very important here.

 

[BrandPlease]

@ThatNameGuy may contribute the absolute least value, conceivable, to the NP community in his hundreds of posts. I truly try and look for some good, real intention, a desire to learn... But he shows none, nothing, not one worthwhile contribution to this community.

Well I take that back. It has shown that NP members, who respect this industry & the real opportunity to people, stand up united to make sure this type of misinformation is called out, lies are exposed, & the potential damage to (new to the industry) investors is limited. With the THOUSANDS of post he makes - his profile can look aged/important - luckily he remains restricted, almost always - his lies sound convincing if you dont know.

 

[manpreet]

"All the Good Domains, especially the .coms are already taken" - this can never be true till the human race exists. New niches come up and develop each month, giving way to new set of available domain names.

 

[Brands.International]

Omg, this thread is so informative... what comes next?
Looking to learn from experts about those domain myths and lies!

 

[ThatNameGuy]

"All the Good Domains, especially the .coms are already taken" - this can never be true till the human race exists. New niches come up and develop each month, giving way to new set of available domain names.

Thanks manpreet, and I'm pleased to meet you. I just checked out your site GoDomaing.com and I really like what I see. I actually carved out a new niche today having to do with "ThinkBig" and "BigThink". I know I can't go into any detail here, but there are lots of domains like BigThinkMedia.com and ThinkBigMedia.com that are available to register.

I was having lunch with a friend and recently retired marketing professor from ODU today, when I had an opportunity to tell him how this industry goes about selling domains. Bottom line he couldn't believe that a domainer would buy a domain like ThinkBigMedia or BigThinkMedia for $8.50 then list them with the likes of Sedo, Afternic, Uniregitry, Flippa or Undeveloped and hope and pray they sell 1-2% of the listed domains each year.....he thought I was kidding Once he learned I wasn't, we explored industry targeted outbound marketing via things like email, phone sales and trade shows all of which are right up my alley

Anyway manpreet. You seem pretty savvy and maybe we should get to know each other. Enjoy your weekend.

 

[JB Lions]

Thanks manpreet, and I'm please to meet you. I just checked out your site GoDomaing.com and I really like what I see. I actually carved out a new niche today having to do with "ThinkBig" and "Big Think". I know I can't go into any detail here, but there are lots of domains like BigThinkMedia.com and ThinkBigMedia.com that are available to register.

I was having lunch with a friend and recently retired marketing professor from ODU today, when I had an opportunity to tell him how this industry goes about selling domains. Bottom line he couldn't believe that a domainer would buy a domain like ThinkBigMedia or BigThinkMedia for $8.50 then list them with the likes of Sedo, Afternic, Uniregitry, Flippa or Undeveloped and hope and pray they sell 1-2% of the listed domains each year.....he thought I was kidding Once he learned I wasn't, we explored industry targeted outbound marketing via things like email, phone sales and trade shows all of which are right up my alley

Anyway manpreet. You seem pretty savvy and maybe we should get to know each other. Enjoy your weekend.

Retired marketing professor - yet another person clueless about the industry.

Did you also mention in 2 years, you haven't listed your names at the various marketplaces or even setup proper landing pages so people can actually contact you to make an offer? Stuff newbies should pick up during month 1.

 

[NickB]

Retired marketing professor - yet another person clueless about the industry.
.

beat me to it....