NameSilo

Ethics of staying quiet when newbies reg rubbish?

Located in General Domain Discussion, started by DomainGist, May 30, 2020

Replies:
334
Views:
17,843

  1. Bob Hawkes

    Bob Hawkes Top Member NameTalent VIP Gold Account Trusted Blogger

    Posts:
    6,574
    Likes Received:
    18,652
    On the report completed domain sales I tend to use thank, because I am not commenting on how much I like the name, but rather thank them for providing the information on the sale. Having more information on sales is helpful data for our community, so that is what my personal thank means.

    I agree with you entirely re nobody is always right. Some sales, there and on NameBio, seem unexplainable to me, but I realize there may be many things I don't know. Sometimes it is simply a language difference, for example.

    Not sure where the Church idea came from, but with respect to nurturing understanding over even years, I respectfully disagree. I think it does take time to develop an understanding of the full nuances of domain names, and a reasonable goal is to get better each year. It takes years to become good at many things. Why should this be different? I think the important point is not to waste a lot of money while going through that learning process. Lots of people I regard as giants in this industry have shared in various venues things they did wrong in early months and even years.

    It is a good idea. In addition to the ones you mentioned, I did a compilation of some articles on starting out in domain investing by a variety of authors. It includes the article by @Dave you mention as well as @Joe Nichols excellent post for domain beginners, and many others.

    Bob
     
    Last edited: May 30, 2020
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. BaileyUK

    BaileyUK Account Closed (Requested) VIP

    Posts:
    1,373
    Likes Received:
    2,540
    Yes Spot-on equity78. And I must admit I am often guilty of being blind to that aspect...I probably care about the influence they may have on newcomers, But, I guess they reside on every board.

    I've certainly never worried about any of the old'Experienced' hands - whatever they come up with. ;)
     
    Last edited: May 30, 2020
  3. Rob Monster

    Rob Monster CEO, Epik Epik.com Staff PRO VIP Gold Account

    Posts:
    4,070
    Likes Received:
    16,388
    Well, I am pretty busy but I help where I can, having confidence that these things come back, and that folks will pay it forward. It usually works out.

    This video has now been watched more than 2 million times:



    This is one of my favorite panels:

    upload_2020-5-30_11-20-19.png

    Give it a try and see what comes back.

    It helps to believe in an all-powerful God who is outside of space and time. In other words, "having a lot of spare time", implies that time is finite and scarce.
     
  4. rajdomains

    rajdomains Established Member

    Posts:
    274
    Likes Received:
    744
    I believe everyone here (experienced domainers) may have registered rubbish domains at the starting of the domaining journey. Registering a rubbish domain is a mistake and I think it is good for an experience too. We actually learn from mistakes when there is no one to teach. I have also registered many rubbish domains in past, even renewed them for years. But we never know, sometimes rubbish domains can also be sold for XXXX. It all depends on the end-user. For eg. if someone registers UdayRaj.com (These are 2 names - My Actual Business) this is for sure a rubbish name for any domainer - But for me, it's my Company Name so I will surely try to offer.

    I have seen many times many great domains sold for less price and low-value domains sell higher just because of end-user.

    LLL .coms are good eg. some rubbish lll also sells for 100K+ and some good lll sells between 15-25K

    Regards
    Raj
     
  5. boker

    boker Top Contributor VIP

    Posts:
    11,588
    Likes Received:
    1,866
    This is true, but the main issue here is that most of the experienced sellers will not divulge their sales, so is hard to exactly know who is selling for what. Also, there are experienced sellers who have invested in diverse niches and will try to pump their niche, no matter if others will loose or not, so the advice something just to pump your domains, could be in bad faith. There are domainers who have overpaid for their domains and even if they have domains better than the average (as in only LLLL.com's,) they will loose money or they will be in the red for a long time, so they will not be the best advisors, even if they own some decent domains. Also, you have to keep in mind that even the best domainer will do some mistakes sometimes, so it will be hard to just listen blindly to others( I can give as example personal experience with a few pros from here saying about a domain that it's not worth even 1 cent, just to get more than 1 inquire for it and selling it for over 100 times more than my acquisition price). So, the general advice is good, that you need to listen to your 'oldies', but that doesn't mean that you need to do it blindly and that you don't need to try to experience yourself certain failures.
     
    Last edited: May 30, 2020
  6. Reddstagg

    Reddstagg Upgraded Member Gold Account

    Posts:
    820
    Likes Received:
    1,453
    Well, why don't you just go right ahead and rename the title of this Post..."Reddstagg...from Zero and back again - the first year"?

    I'm so vain I probably think this post is about me.

    Now, let me be clear from the start. If advice is good advice and well intentioned I will take it on board and be thankful that it was offered up. However, some of the advice that I have been given from the very start indicated that I didn't know what I was doing and that I would be broke by the time my first year of renewals came around. Well, guess what? I survived my first year and I'm still standing.

    Only today, I was told..."

    REDSTAGG, you are by far the worst domainer in the industry. Congragulations.


    Actually, there is a wrong way and a right way. The wrong way would be buying and promoting the shittiest domains of all time and never making a sale, and embarrassing yourself by posting all the names you purchased...The correct way would be investing in names that might earn you some money.

    It honestly looks like you buy names that are funny to you, instead of names that are valuable for one reason or another. How much do you want for Wednesdayeroo? I was thinking of making a site to sell Wednesdays on. Thanks.


    How is that in any way constructive criticism? Believe me, I have received worse.

    For wisdom is better than rubies, and all things that may be desired are not to be compared to it. Proverbs 8:11

    Most of the time I will stand my ground and try to justify my decisions but at the end of the day why should I have to? What is constantly preached to me is that what I am doing is the wrong way. Who says so? What may have worked 10-15 years ago may not work today. There seem to be many new domainers making sales and I'd say some of them have a better sell through rate than some experienced domainers. Who has the right to say that what they are doing is wrong when clearly and statistically it is working for them.

    Every few weeks there seems to be the same sort of response from some seasoned domainers. Now it seems they feel that they have a moral ethical obligation to stop me spending my own money doing something that brings me peace, experience and fun. Imagine if you were a golfer and every few weeks I stood behind you on the golf course and said that fifteen years ago no one used rescue clubs and none of that carbon fiber thingy or indeed over-sized putters and that you had to be a member of a proper club and practice several times a week. And then feck me...I turn up once a week in jeans and trainers and beat some of you. You'd be mighty pissed then I guess. The important lesson from my perspective is that not everyone has to conform to the status quo and maybe, just maybe, there may be another way to do something and achieve the same results.

    I'm just into my second year so back off and leave me and all other Nwbie.com domainers alone and let us get on with doing things our way. Judge us at the end of the race not after one lap.

    I'm sure that there are many domainers who jumped head first into the Libra trough who are sweating a bit as their domains' futures might be a bit turbulent for a few years. I admit that I have many different domains in many different extensions but to a degree this is through choice. My portfolio marketplace is my shop window and some of the domains that I have are the fluff. They make my store look full. Maybe I will never sell those but then again maybe I don't need to and I will let them drop at renewal time and replace them. I'd hate to be one of those people who keep on trying to sell betamax video tapes week after week without realizing that no one (not even Me) wants to buy their wares.

    Apparently, there are double standards in this business too. You are advised that this is a long game and we should hold names for years if necessary but then I am derided time and again for not having sold any domain names. Well, sorry to dis-appoint some of you but although I have a large number of domain names I actually don't need the money and as such I don't I don't need to sell any domains. The majority of the domains that I hold now will be keepers for a couple of years to gauge any trends that may appear or dis-appear.

    I will again weather the storm of renewals at the end of my second year and guess what? I will still be standing and I will still be doing my own thing. Some would call it innovation or thinking outside of the box. If I were a mouse and kept my mouth shut some might say the same as Richard Branson who states "How slim the line is between genius and insanity and between determination and stubbornness."

    I am not as stupid as I look or as naive as some would have you believe. I went into this business with a plan and it is going quite well at the moment. I cannot just accept that someone can cast doubt upon my qualities and my determination and organizational ability and without knowing one single real thing about me judge me and condemn me without the moral or ethical right to do so.

    Do I tell anyone what to do or when? No. Most people are competent adults and have managed to get through life without constantly being told the best way to do something. Maybe they just figured it out themselves.

    Maybe some people should concentrate on what they do best rather than worrying about what I'm doing with my own money.

    Regards,

    Reddstagg
     
  7. Reddstagg

    Reddstagg Upgraded Member Gold Account

    Posts:
    820
    Likes Received:
    1,453
    There is a good way and a bad way to break bad news. Just telling someone that their names are crap is not a very professional way to do so without bothering to explain why. It is not our place to guide someone we know nothing about. We do not know their budgets, their resources, their markets, their experience or their motivation. I have received good advice from you among others and it was appreciated as it was given to me in a manner which I could accept. I don't always agree with everyone but we can agree to dis-agree and move on.
     
  8. Reddstagg

    Reddstagg Upgraded Member Gold Account

    Posts:
    820
    Likes Received:
    1,453
    I suggest you go back and look at who is making some of the submissions. They are not all Newbies and they could be considered as people who should know better. It is hard to know some times which domain name belongs to which level of domainer.
     
  9. AEProgram

    AEProgram Top Contributor VIP Blue Account

    Posts:
    1,270
    Likes Received:
    1,675
    This is similar to the problem you face when you see newbies picking stocks to invest in. I learned from that world that in most cases trying to explain or reason with them just gets them upset. Usually they reference some a rare event, like, well "look at that penny stock that went up 600% in one day because a big company acquired them".

    With junk domain registering you have the same thing. What am I supposed to tell someone that is all excited that tells me after the fact that they just hand reg'd HomysForSaless.com and they couldn't believe that it was available?

    if someone asks honestly what I think i'll be truthful, but I fear some things most of us must learn the hard way.
     
  10. NickB

    NickB Aka MrAcidic VIP

    Posts:
    3,125
    Likes Received:
    6,226
    That is why I said "and why"......i agree just saying something is crap benefits no one..

    There are a few people on Namepros whose posts I closely follow, and whose opinions I respect, will not name them but if people do their own research and read this forum regularly and dive into the historical threads then it does become clear whose opinions should be listened to. We are not sheep, so blindly following anyone is never a good idea, but learning from those that have been successful is..
     
  11. Reddstagg

    Reddstagg Upgraded Member Gold Account

    Posts:
    820
    Likes Received:
    1,453
    The main thing that I take issue with is being told that I am obviously a bad domainer as I have yet to make a sale. You could make hundreds of sales and still lose money. Would that make you a good domainer? No. It would make you a good salesperson. We are often told that it is a marathon and not a sprint so why do I get such a hard time about my lack of sales.

    I can learn from the lessons of yesterday and apply them to the world of tomorrow. Judge me when I am finished is all I ask. It's only been just over one year.
     
  12. NickB

    NickB Aka MrAcidic VIP

    Posts:
    3,125
    Likes Received:
    6,226
    I was specifically talking about people who are new in the industry 🙂

    It's an easy trap to fall into, reg a name, post in thread, get a pat on the shoulder (like) justification received....rinse and repeat....been there and most of the t shirts I got have dropped 🙂
     
  13. Seyikp

    Seyikp Established Member

    Posts:
    113
    Likes Received:
    271
    Prov22v28 "do not depart from the ancient landmark" in every business sector, there are some important landmarks that the forerunners have set through their priceless sweats. For one to succeed in any of those sectors, one most not totally deviate from the set landmarks. There are rooms for modifications, but not for obliteration. Imagine Bill Gate to have said because he wants to be totally different from IBM, that he will only writes his codes in the papers and fling it into the air, instead of computer.
     
  14. Reddstagg

    Reddstagg Upgraded Member Gold Account

    Posts:
    820
    Likes Received:
    1,453
    I went into the domain name business with my eyes fully wide open and I had a plan. I knew the risks and I've never spent money that I cannot afford to lose. It is like winning on the lottery and then spending the money in a casino. I only spent a dollar and won $10,000. I then spent that at the casino. You could argue that I lost $10,000 but in other ways I only spent a dollar. As long as I had fun doing it and could still put food on my table I can say yep, had some fun and learnt a lesson. Maybe next time I should only take $5,000 to the casino. Win. Win.

    I hate to say it but teaching me to be a domain investor at this stage in my life is like training a shot putter to run the 100 metres. Sure, he could probably do it but it won't be quick or pretty. He could then take some satisfaction from knowing that he did it his way but was it the best use of everyone's time and effort? Maybe, it would be better all round to just let him be a shot putter who only runs after a bus.
     
  15. Reddstagg

    Reddstagg Upgraded Member Gold Account

    Posts:
    820
    Likes Received:
    1,453
    We, as a race are born to explore. New lands, new technologies and new things in general. From practice we learn. We can be guided...gently. It will not work the same way if it is beaten into us. Sometimes, we have to leave the path well trodden to find our own ancient landmarks, never discovered before. It is a voyage of discovery of oneself. We should not be afraid.

    If everyone had conformed to the norm we wouldn't even have computers today. We would probably still be writing on tablets of stone. Oh, we do....on our headstones. Life is for the living. Dead-is-Forever.com
     
  16. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

    Posts:
    15,112
    Likes Received:
    17,879

    I agree you can never follow someone or something blindly. I have never espoused that notion.

    Look I started regging domain names in 1997, I never spoke to anyone about domaining, I would have never asked anyone anything, just not my nature, I learn stuff on my own, never ask anyone anything.

    I get asked for help all the time, I am happy to help someone, though with some questions I don't love to give advice, because what I am saying could be rooted in logic and is the right answer from a theoretical standpoint. But there are no absolutes. Anything can and does sell. Now you can't build a career off an outlier.

    But I know if I told someone the comps suggest $1,500 to $3,000 for that name. And they go and sell for $20,000 they will be like you gave rotten advice.

    Or someone asks, "You think it cool to register OliverStone.com?" I would advise against, if you are just looking to sell it to the famous filmmaker and director.

    They come back just sold it for $6,000 and an autographed copy of the screenplay for Savages. So go F**K yourself Raymond!

    There are so many variables to this business no advice is 100% foolproof. 1+1 does not always =2 here. Sometimes it equals a payday other times a UDRP or worse an ACPA case.
     
  17. Reddstagg

    Reddstagg Upgraded Member Gold Account

    Posts:
    820
    Likes Received:
    1,453
    The truth can only be known when the day is done not before the setting of the sun. Success is sweet. I've just not had mine yet. Work in progress with a leg in each corner.
     
  18. Reddstagg

    Reddstagg Upgraded Member Gold Account

    Posts:
    820
    Likes Received:
    1,453
    I often get asked for advice from other new domainers and I try to be as gentle as I can be and explain why something may not always be the right approach and I always encourage them to study and to learn and re-iterate that there is not always a quick path to domain investing success and that buying is easy, it's the selling that is hard. Sometimes, 1+4 =5 but also 3+2 can also equal 5. Not every way is the right way as we all have different circumstances, qualities and budgets. If I could afford to drop a million on a domain name I would probably still be doing my hand regs as it is something that I enjoy.
     
  19. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

    Posts:
    9,681
    Likes Received:
    13,210
    Yes, that is true that sales alone don't really matter if you are losing money.

    However, it is hard to even know if you are on the right path without a proof of concept. That involves actually making sales.

    Brad
     
    Last edited: May 30, 2020
  20. Joe Nichols

    Joe Nichols Common sense consultant VIP

    Posts:
    2,453
    Likes Received:
    5,674
    The issue with your analogy is that golfers do not invite commentary and advice simply by going out on the golf course.

    You joined a domaining forum. Being an active member of a forum is, at its very core, an invitation for open discussion about any and all ideas, including your own.

    You didn't have to join this forum and post your questions and domain acquisitions. You could have gone about this endeavour privately, or simply been a passive participant in the forum, reading the posts you like and ignoring the others.

    You can't have it both ways. Either you're an active participant and you're willing to accept the constructive criticism of others when you post your ideas, or you keep your ideas and questions to yourself (since you're not interested in other opinions).

    I absolutely agree that some members are less than respectful when they give feedback, and I don't condone that. But for all others, if you're on here of your own free will, then people's opinions of your postings are all fair game.
     
  21. Reddstagg

    Reddstagg Upgraded Member Gold Account

    Posts:
    820
    Likes Received:
    1,453
    Knowledge is knowing that a tomato is a fruit. Wisdom is knowing not to put a tomato in a fruit salad.

    At least they had the wisdom to ask me and not you.

    If you don't wear a white gown, are you even a Doctor?

    Pointless, blase comments from you as usual.

    No use to anyone really.
     
  22. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

    Posts:
    9,681
    Likes Received:
    13,210
    I agree there is a good and a bad way. With that said I would always take the brutal truth over sugar coated nonsense any day. It is more helpful long term.

    Brad
     
    Last edited: May 30, 2020
  23. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

    Posts:
    9,681
    Likes Received:
    13,210
    That is just kicking the can down the road in my view. You need to have checkpoints and goals on the way that indicate you are on the right path.

    Brad
     
    Last edited: May 30, 2020
  24. ecalc

    ecalc Top Contributor VIP ★★★★★★★★★★

    Posts:
    2,124
    Likes Received:
    1,647
    It's the hat that counts.

     
  25. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

    Posts:
    15,112
    Likes Received:
    17,879
    HAHAHAH, that was great, it's we need a laugh or hysterical button next to thank and like.
     

Want to reply or ask your own question?

It only takes a minute to sign up – and it's free!
Topics / Tags:
NameWorth
  1. NamePros uses cookies and similar technologies. By using this site, you are agreeing to our privacy policy, terms, and use of cookies.
    Dismiss Notice
Loading...