- Impact
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I've come across many posts by several members over the years saying that domaining is a "waiting game", "patience" is needed.
Really? It's that simple?!
One of the members who said this, amassed thousands crap names by the end of his/her first 2-3 years of domaining... that's when I just joined NP. The individual was also pumping extensions that I wouldn't even dare touch while wearing a hazmat suit.
"Patience" is as an excuse for those not making any sales, and/or for those continuing to pay renewal fees on large amounts of crap... which funnily enough were bought while they were noobs. Yup, they still sitting with those even in 2013! :o
Why are they still holding onto the names? Answer: Ran their mouth to soon, convinced themselves of their own stories (e.g. dotcom is dying, .net is an orphan, .co has potential, .ws this and that, etc) kept pushing other members down, and kept pumping what they had to new members-sporting it as gold. They secretly felt the pinch financially when renewals came, but would never drop the crap they had, as they feared that their "reputation" will tank as their "portfolio" dwindled in size.
Owning many names means nothing. Thinking that quantity will position you nicely with the big boys and domainers who have been doing this for over a decade (and who have amassed a large and good portfolio of names over time) is just based on stupidity.
The above is just a recipe for financial mayhem as you keep paying the renewal fees to hang onto that imaginary "title" of being a "real domainer". Mind you- in reality, a domainer could own even 1 domain- or even a % of just one domain.
They don't want to be "embarrassed" by dropping the "gold" they once bragged about.
This what these dudes call "patience" or the "waiting game".
The above is the wrong way to go about it.
Yes, patience is needed: BUT WHILE BUILDING YOUR PORTFOLIO. Not once you have bought 1000's of crap names and hope you gonna hit it by paying renewals on them for years and years. After all those renewal fees/blog posts/forum posts, you got to ask them: is it a profit or a loss?
As Kate has said many times: good names sell for themselves. And this is true.
Now, you can imagine what crap names does for themselves... jack.
At the beginning of your domaining career, you are bound to buy shit. If you use patience here, you won't lose much as you hopefully wouldn't have bought much of the crap. As time progresses, you realize what names are good and then start buying them up. Good names don't fall out of the sky at once. Finding 10 good names (at good prices) takes more than one day... it could even take more than a month.. even months! This is where the patience comes in!!
Just to note: being realistic is important... don't try maintaining a portfolio which doesn't make financial sense. Quality over quantity!
Really? It's that simple?!
One of the members who said this, amassed thousands crap names by the end of his/her first 2-3 years of domaining... that's when I just joined NP. The individual was also pumping extensions that I wouldn't even dare touch while wearing a hazmat suit.
"Patience" is as an excuse for those not making any sales, and/or for those continuing to pay renewal fees on large amounts of crap... which funnily enough were bought while they were noobs. Yup, they still sitting with those even in 2013! :o
Why are they still holding onto the names? Answer: Ran their mouth to soon, convinced themselves of their own stories (e.g. dotcom is dying, .net is an orphan, .co has potential, .ws this and that, etc) kept pushing other members down, and kept pumping what they had to new members-sporting it as gold. They secretly felt the pinch financially when renewals came, but would never drop the crap they had, as they feared that their "reputation" will tank as their "portfolio" dwindled in size.
Owning many names means nothing. Thinking that quantity will position you nicely with the big boys and domainers who have been doing this for over a decade (and who have amassed a large and good portfolio of names over time) is just based on stupidity.
The above is just a recipe for financial mayhem as you keep paying the renewal fees to hang onto that imaginary "title" of being a "real domainer". Mind you- in reality, a domainer could own even 1 domain- or even a % of just one domain.
They don't want to be "embarrassed" by dropping the "gold" they once bragged about.
This what these dudes call "patience" or the "waiting game".
The above is the wrong way to go about it.
Yes, patience is needed: BUT WHILE BUILDING YOUR PORTFOLIO. Not once you have bought 1000's of crap names and hope you gonna hit it by paying renewals on them for years and years. After all those renewal fees/blog posts/forum posts, you got to ask them: is it a profit or a loss?
As Kate has said many times: good names sell for themselves. And this is true.
Now, you can imagine what crap names does for themselves... jack.
At the beginning of your domaining career, you are bound to buy shit. If you use patience here, you won't lose much as you hopefully wouldn't have bought much of the crap. As time progresses, you realize what names are good and then start buying them up. Good names don't fall out of the sky at once. Finding 10 good names (at good prices) takes more than one day... it could even take more than a month.. even months! This is where the patience comes in!!
Just to note: being realistic is important... don't try maintaining a portfolio which doesn't make financial sense. Quality over quantity!
