Domainers … Worst or Best Entrepreneur

[DnEbook]

Do you think Domainers are the worst or best type of entrepreneur ??
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We think of the waiting possibilities of an industry, we brand it with our extensions and brandname categories
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But nine times out of ten we never act on our new discoveries
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So does this mean we are the Best or the Worst kind of entrepreneur ??

 

[DomainVP]

It's better to be a developer and a domainer.

 

[DnEbook]

I was watching domain sherpa and i noted that Adam Dicker commented we all should build out at least one online business, make sense considering the amount of domains most of us have. And as he said, this then contributes to the cost of maintaining portfolio renewals. It did make me wonder if it was worth trying again. I did pay for online stores a few years ago and google banned them all for being duplicate content sites even though on my stores i had added at least ten original articles about the product and it's history.

 

[DomainVP]

Adam Dicker is a serial developer/investor, take note that he is always interested in 'ideas' and development. You have to remember, he has a minimum of 40k+ domain names in his portfolio; he receives 3-5 offers per day and closes sales every month.

Even with a $10 renewal fee... thats $400k annually just to maintain the portfolio. That is a lot to manage.

Development is such a pain in the a**. It takes about 6 months to do a site correctly, from development,content, marketing, and SEO. In the mid 2000's I had one of only three sites in the world that did cell phone recycling, and made a killing.

However, I have also had success with 'burn and churn' sites that were turning $10k to $20k a week for a few months and then died off fast. Those kind of opportunities do exist, but are hard to come by.

I've been building websites/businesses for 10+ years. Success and failure go hand-in-hand.

Learn SEO, php, MySQL, jQuery, javascript, and a touch of graphic design. It's all about a year long learning curve, but once you know it you can do whatever you want online and never have to work for anyone else ever again.

 

[accent]

Domainers are investors, not entrepreneurs. I agree domainers should have at least one website, just so they understand their customers a little more, but making any significant money on a website is a different game than domaining.

Indeed a developed domain is "Not For Sale" in the eyes of endusers who chance upon it. Most of the time they won't even ask if it is for sale.

 

[DnEbook]

I guess i am saying 'we have the ideas quite early on' Just a shame we don't go further. I am thinking it would be great if being a domainer also crossed over into other areas such development. Yes it means some names never get sold but if they are making money and doing what the domainer first envisaged would that be so bad? Perhaps when things like voicecode and other ways to develop come to the front we will see more go down this path? Or should leave it to the 'specialists' in a chosen field?

 

[accent]

'we have the ideas quite early on'

Outside of domaining, I heard of 3D printing the first time this month. "Cloud" "Big Data" - also heard these long before the mainstream (and was properly paranoid of them). "Marijuana" - well, that one I knew.

The first domainer who heard of Bitcoin probably grabbed Bitcoin.com. Ya gotta be there before EVERYBODY. Which usually means specalized knowledge.

Domains touch so many fields, it does cross over, into knowledge of just about everything. That is the magic of domains, right now. Each domain is a door.

 

[DnEbook]

Six votes, we open the door but never walk through it, it is hard to know all the new stuff and tech moves so quick new can become old very fast, 3d printing seems to be everywhere now

 

[DomainVP]

The first domainer who heard of Bitcoin probably grabbed Bitcoin.com. Ya gotta be there before EVERYBODY. Which usually means specialized knowledge.

Truth.

 

[D. Wells]

Some domainers are Entrepreneurs, some are Investors, and most are just Dreamers.....