Domaining - Can it become an addiction?

Discussion in 'General Domain Discussion' started by MrConor, Sep 10, 2017.

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?

Can it become an addiction?

  1. Yes

    92.2%
  2. No

    7.8%
  1. MrConor

    MrConor ObrienDesign

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    After years of buying (more) & selling (less) domains - I always seem on an annual basis to have a few domains either not put to use in any shape or form and they expired.

    Questioning myself - So why did i buy "the" domain 12 months ago?

    Answering myself - At the time the domain may have looked attractive and what not and i bought it, although this was done more than once and domains ain't free.

    Do you think like anything, domains should only be bought in moderation (eg. Not owning over 50 or 100 :P )
     
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  2. Avtar629

    Avtar629 MarketDN.com Business Account VIP

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    yuuuuuuuuuuuuuuuuuuuuuuuuup!
     
  3. nomen

    nomen Active Member VIP

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    Hitting that "place your order" button provides an instant gratification for sure so yes.
     
  4. Furquah

    Furquah Established Member

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    Yes, it's addiction, but for me it's cheap addiction. I always try to buy cheap domain, $0.88, $3.99 domain.
     
  5. deez007

    deez007 The More I Learn The Less I "Know" VIP

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  6. ksusha64

    ksusha64 Business Member Business Account VIP

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    If u make money from domaining then its not an addiction, but if u lose money and continue domaining its like a gambling problem. Just stop!!
     
  7. BML

    BML Established Member

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    Yes yes yes yes yes yes yes yes.......,....,.,............
     
  8. 1Darko

    1Darko Established Member

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    If you're not addicted it doesn't work :xf.grin:
     
  9. Furquah

    Furquah Established Member

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    Wow,

    How you come with this theory?
     
  10. ksusha64

    ksusha64 Business Member Business Account VIP

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    Michael Jordan has an addiction to basketball. Works out well for him. Anything that benefits u is not an addiction, but passion and love for what u do. Drinking alcohol, drugs, gambling and losing money with domains is an addiction. Something that will destroy your life. Losing money in domaining is a bad addiction. Give it to charity instead!
     
  11. DomainVP

    DomainVP Domain Expert Business Account VIP

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    The only addiction I understand is addiction to the sale

    People that buy, and buy, and buy only to drop and lose domains (without any sales) are either masochists that are addicted to pain, or dreamers that play the lottery already - always chasing the dream that never comes.

    If a domainer is staring at years of loss and failed dreams, then as a friend I say to you... quit your addiction today before it is too late.
     
  12. Furquah

    Furquah Established Member

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    Both are great advice

    I wish that every newcomer in domaining read it before they lose something.
     
  13. DefinitelyDomains

    DefinitelyDomains Business Member Business Account VIP

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    Yes, domaining is an addiction but it's how you manage that addiction that is more important. Be sensible. The real difference is whether you are making money or losing it!
     
    Last edited: Sep 10, 2017
  14. Smiles76

    Smiles76 Established Member

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    The problem with domaining is the very low barrier to entry. I also think the low yearly renewal rates encourages people to waste money on domains they otherwise never would.
     
  15. Stonebanks

    Stonebanks Established Member

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  16. Stonebanks

    Stonebanks Established Member

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    For everyone it starts out as one, then you learn and grow, then sales become your new fix, then some turn their domains into websites and that again becomes an addiction... and all the other possible roads this industry might take you, can become addictive... if you're succeeding.
    Point is, if you love what you do, it's always an addiction!
    But if you're just plowing money into it blindly, never growing, then it's not the domaining that's the addiction, but something else you crave, whatever that may be, is based on you as a person.
     
  17. Haykay2005

    Haykay2005 Established Member

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    Yes. Am addicted already
     
  18. Kate

    Kate Thinking inside the Box™ VIP ★★★★★★★★★★

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    Domaining is a true addiction like alcohol, tobacco, drugs, food, casino, games, the Internet and should be recognized as such. Some people have lost huge sums of money through it. Domaining can ruin lives and hurt your wallet, not to mention your social life.
     
  19. .X.

    .X. HappensOnline.com VIP ★★★★★★★★★★

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    <<<<<< See my avatar, Although i don't consider domaining an addiction, It is a passion to me. Years back i used to think it was an addiction though. So i understand why you made the thread.
     
  20. wakguano

    wakguano Established Member

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    {shivering} ... {shivering} ... must ... have $1.99 'shots' ..... {shivering}
     
  21. Josytal

    Josytal Established Member

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    Domaining is not an addiction. Just like any business, you must take risks, calculated risks, based on knowledge. Even then, nothing is guaranteed. No pains, no gains!
     
  22. OmarVG

    OmarVG Established Member

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    Indeed a true addiction, but...
    Who cares.jpg
     
  23. .X.

    .X. HappensOnline.com VIP ★★★★★★★★★★

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    Agreed, You gotta risk it, To get the biscuit, Just know what you are doing, And don't over do it.
     
  24. Shinjiru

    Shinjiru Established Member

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    My summary of domains in year 2017:

    Number of Domains Purchased: 67 (Last Year: 87)
    Number of Domains Sold: 22 (Last Year: 43)
    Number of Domains Dropped: 16 (Last Year: 12)
    Total Money Spent on Domains: $32,624.40 (Last Year: $13,107.95)
    Gross Sales: $33,900.00 (Last Year: $18,150.00)
    Sale Fees (PayPal) : $2,067.27 (Last Year: 557.10)
    *Renewal Fees: $476.76 (Last Year: $732.13)
    **Parking Revenue: $446.93 (Last Year: $78.92)
    Gross Revenue: $36,177.93 (Last Year: $18,966.92)
    Total Expenses: $12,941.98 (Last Year: $8,415.69)
    Net Income from Domaining: $16,228.45 (Last Year: $8,813.23)
     
  25. Dominic Belley

    Dominic Belley Four Letter Acronyms VIP

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    I don't think it is an addiction. It is an investment.

    We buy things with the sole intention of making more from it.
    Similar to stock market or similar to collecting baseball cards.

    Domaining is kind of in the middle of both. Some collect domains for their scarcity because they are old, because they have a great pattern, etc. While other buy domains simply to turn a profit as an investment like investing in antique furniture or paintings.

    But in the end, its all driven by the .. I don't know what would be the english translation. In french we say : L'appat du gain.

    Whether you make or lose money is just a matter of being a smart, lucky or a dumb investor.
     

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