Finteza

Domaining . . .

Labeled as discuss in General Domain Discussion started by Want2learn, Nov 30, 2018.

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  1. Want2learn

    Want2learn Upgraded Member Gold Account VIP

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    I love domains and the idea of making money with them. I think that there is a lot that goes into making a great domainer, just like a great domain name. Collectively we represent a wide spectrum with regards to experiences, resources, interests, training, upbringing, culture, etc;
    I think that it is possible for people to break in to the domaining industry and make money, a living doing it. I just don't think it is probable. To simplify things, I think most businesses that are successful have three components . . . good leadership/management, sales/marketing, and technical expertise. It is a challenge to find one person have all of those traits, which is one reason small businesses fail so often. It is so interesting to see fellow domainers/posters falling into the various areas of competency. I think domainers would be a little more successful working together with one another provided they played their proper roles!! Anyways, cheers and good luck and good decisions! #domaining
     
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  2. Want2learn

    Want2learn Upgraded Member Gold Account VIP

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    Any thoughts
     
  3. alcy

    alcy Active Member VIP

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  4. DrJacoby

    DrJacoby Established Member

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    You mention that most successful businesses have "good leadership/management, sales/marketing, and technical expertise". However, imho the absolutely most important skill for domainers is to be able to find great domain names that are selling for less than 1/10th of market value.

    Managing your portfolio, listing them at various marketplaces, and solving small technical difficulties are nothing compared to buying the right names at the right prices.
     
    Last edited: Dec 2, 2018
  5. lolwarrior

    lolwarrior Founder, Brands.International VIP

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    TL/DR : domaining is tough job, and it would nice if we would somehow worked together, as 3 needed trails for success (leadership, sales and tech) are not frequently found in 1 person :)
     
  6. JB Lions

    JB Lions Santa Hat Connoisseur VIP

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    I'm going to generally disagree with this in the sense it comes across a bit as employee/group think. Kind of like threads where people ask for mentors or want to know how many domains they need to make a certain amount of money. This is generally an on your own, entrepreneurial type of deal. Now plenty of people here can help other people in some of those things they might have trouble with. From brokering, contacts, leads, some bigger domainers hire people to code sites, reach out to prospects etc. Businesses have popped up to help, like efty, undeveloped, all sorts of tools etc. But at the end of the day it's on you to know the market, pick good domains, figure out what works for you.
     
  7. Want2learn

    Want2learn Upgraded Member Gold Account VIP

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    Thank you for the response. I agree with what you said. Does that mean I disagree with me now? Haha lol.
     
  8. HotKey

    HotKey Made in Canada VIP

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    re
    When I was a kid, an older "friend" once told me, "Don't let other people tell you what's good and bad, find out for yourself."
    Good advice, but also horrible advice. The person giving it had his own motives. The person taking it (me) used it to understand that you'll never know your own capabilities if you always let others make decisions for you. But it's also wise to recognize the hardships others have endured before you, before going down the same road. That being said, challenges should not be a deterrent, but rather a rise to the occasion.

    Sectionalizing the links to successful domaining is a great step in determining where one fits in, as you have done or are least attempting to do. Playing to your strengths and embracing your weaknesses are great building blocks even beyond domaining.

    But there are many links on many different chains. I don't think we should confuse passion with skill, or vice-versa. Just because we enjoy, does not mean we are skilled, or because we are skilled, does not mean we enjoy doing it. Not everyone loves their job, not everyone is good at the games they play.

    "I really like domain names and collecting them, but I can't seem to pick the right ones to sell"
    "I'm a great seller, but it burns me out and I'm in it just for the money"

    But if one is both passionate and skilled,

    "I love choosing quality names and running my business selling them"

    is this whom we should be listening to? Perhaps. Sometimes where we fall short, others can help lift us. Ultimately, you should learn to lift yourself.

    In any case, if it keeps you happy (and you know it, clap your hands), keep at it. @Want2learn great point on the value of recognizing individual competency and its role in domaining, as well as the strength in being together, as one.
     
  9. Want2learn

    Want2learn Upgraded Member Gold Account VIP

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    Maybe no question. lol I have lots of questions. Just general thoughts and or feedback.
     

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