question Have I really failed?

[bekind]

Been trying to sell a long held 5-letter brandable name: Truho.com.
It is a surname in the United States.
I tried all sort of price range. Nothing worked for me.
It was a distress sale.
It was a huge failure.
So it goes.

 

[Vertibox]

Very good points

Also it's important question to realize and accept that there are different levels to domaining that make it a very hard (but possible) endeavour to be outright successful:

1. Knowing what a good domain is and taking the time to throughly research without being distracted by sales that bring out the FOMO and dollar/ pound signs (or the kerchingg sound) in your eyes. This is the foundation upon which everything in domaining is built
2. Being able to price correctly / well enough
3. Being patient enough to hold the good names for as long as necessary
4. Knowing when to be flexible in negotiations and take the money
5. Having the cash to manage a growing portfolio and the criteria for why a domain should be renewed / dropped
6. Being disciplined and clear-headed about dropping when they don't meet your criteria
7. Selling domains consistently (over months, then years)
8. Selling domains consistently AND being profitable (initially as a side business)
9. Selling domains consistently AND being profitable to the point you can live off profits not just now and again, but for years / decades
10. Selling domains consistently, being profitable to the point you can live off profits for years / decades AND either not needing to buy another domain again, or able to renew every single domain (even if you own thousands) like @AbdulBasit.com

As you can see, all this is a huge skillet to develop requiring years of focus, commitment, patience, trial and error, learnings and money management, and there are a small number of domainers succeeding at steps 8 to 10 (with step 10 being arguably the pinnacle of domaining success).

Most endeavours require a huge amount of work for one to succeed and inevitably, the trajectory will never be a straight upward curve. That's ok.

Start with achievable goals like putting together a spreadsheet of keywords that are commonly found across retail sales (using Namebio) and highlight what keeps cropping up more than others.

Good luck

All very valid points too.

The central problem for newcomers, as I see it, is that there is no real and certain way to learn many things that are required to make a go of this game.

This is because a lot of things in this game are opinions, judgements, a person's way of thinking/being, their attitude, their perception of what is going on in one or more areas of commerce, how someone comes to understand what a good name is (as it is not a pure science) and whether they will stick to the rules of what a good name is when they go shopping, whether they get swayed by trends, hype and lies (and maybe they don't know what they see are hype/lies), their ability to extract key information and also understand it, what money they have available to gamble/throw away, as this is often what domain investing comes down to being for some people.

All these things are variable and particular to each person. Plus, being alone in this game, as we all are, it is easy for some people to end up operating in some kind of delusion/fantasy about what names they have bought, what they are planning to buy and what the value of what they have is.

Too many people seem to get involved with domain names flippantly, perhaps because they have read something on a forum or read some article, or a friend told them about it and then they end up buying silly worthless names and become deflated and dispirited when they don't sell.

Perhaps domain name registration and purchase/auction sites should have giant flashy financial health warning banners, similar to health warnings on packets of cigarettes, warning newcomers of the risk they face if they don't know what they are doing?

 

[Vertibox]

Been trying to sell a long held 5-letter brandable name: Truho.com.
It is a surname in the United States.
I tried all sort of price range. Nothing worked for me.
It was a distress sale.
It was a huge failure.
So it goes.

We only really learn through failure.

As Yoda told us, the greatest teacher, failure is.

Failure makes you better, stronger, smarter, nimbler, confident.

Failure gives us valuable lessons that we can't learn any other way.

 

[ran_doank]

i search it ,and so little name appear. alos It's not failure, We drop names too.

 

[VadimK]

You didn’t fail (and you couldn't!) because you haven't climbed anywhere in domaining yet.

 

[bekind]

You didn't fail, you made a mistake.

Here's a recent article by @Sully with a question answered by @Bob Hawkes about making mistakes that might help you going forward - https://www.namepros.com/articles/bob-hawkes-the-odds-the-data-the-method.1373780/

Look for their other articles (as well as ones from members like @Eric Lyon and @Future Sensors) to learn more and get better.

Good luck!

Thanks.

So TruHo.com and honestpage.com. You go to extremes

I think there is not a domainer in world that buy few domains and sell them in few months.

So this is hard to say you failed.

Holding truho for 9+ yrs. Honestpage for 12+ yes. Only tried to sell because of emergency.

 

[korganian]

You failed to have patience, which is the most important aspect of domain investing. It's unusual to see an impatient person only register 6 low quality names however, and for that you get a Gold Star in financial moderation. I myself showed tremendous talent for wasting loads of cash on low quality names until I had invested an enormous amount of time domaining and reading everything that popped up on Namepros and then seeking out research in every direction relating to every topic. I enjoy learning, which is a good thing, considering how ignorant I was when I started out.

I have to say that your humility and financial thrift are already serving you well on your way to becoming a NamePro.

 

[Bravo Mod Team]

It's impossible to fail unless you give up.

 

[marijuanadomain]

Been trying to sell a long held 5-letter brandable name: Truho.com.
It is a surname in the United States.
I tried all sort of price range. Nothing worked for me.
It was a distress sale.
It was a huge failure.
So it goes.

There is no such thing as failures
They are only delays

The only failure is not even trying
..

 

[bekind]

Very good points

Also it's important question to realize and accept that there are different levels to domaining that make it a very hard (but possible) endeavour to be outright successful:

1. Knowing what a good domain is and taking the time to throughly research without being distracted by sales that bring out the FOMO and dollar/ pound signs (or the kerchingg sound) in your eyes. This is the foundation upon which everything in domaining is built
2. Being able to price correctly / well enough
3. Being patient enough to hold the good names for as long as necessary
4. Knowing when to be flexible in negotiations and take the money
5. Having the cash to manage a growing portfolio and the criteria for why a domain should be renewed / dropped
6. Being disciplined and clear-headed about dropping when they don't meet your criteria
7. Selling domains consistently (over months, then years)
8. Selling domains consistently AND being profitable (initially as a side business)
9. Selling domains consistently AND being profitable to the point you can live off profits not just now and again, but for years / decades
10. Selling domains consistently, being profitable to the point you can live off profits for years / decades AND either not needing to buy another domain again, or able to renew every single domain (even if you own thousands) like @AbdulBasit.com

As you can see, all this is a huge skillet to develop requiring years of focus, commitment, patience, trial and error, learnings and money management, and there are a small number of domainers succeeding at steps 8 to 10 (with step 10 being arguably the pinnacle of domaining success).

Most endeavours require a huge amount of work for one to succeed and inevitably, the trajectory will never be a straight upward curve. That's ok.

Start with achievable goals like putting together a spreadsheet of keywords that are commonly found across retail sales (using Namebio) and highlight what keeps cropping up more than others.

Good luck

Thank you for all the advice. I am sorry it took an "emotion bait" post to get advice from the best knowledgeable folks on namepros.

 

[Domainoz]

have you tried looking for family owned businesses with that name and reaching out to them?

 

[bmugford]

It's impossible to fail unless you give up.

I don't know. I think failure is always an option, and you can learn a lot from it.

A positive attitude and good vibes won't pay the bills.

There is no shame in failure though.

Domain investing is hard. It's not for everyone.

You failed to have patience, which is the most important aspect of domain investing. It's unusual to see an impatient person only register 6 low quality names however, and for that you get a Gold Star in financial moderation. I myself showed tremendous talent for wasting loads of cash on low quality names until I had invested an enormous amount of time domaining and reading everything that popped up on Namepros and then seeking out research in every direction relating to every topic. I enjoy learning, which is a good thing, considering how ignorant I was when I started out.

I have to say that your humility and financial thrift are already serving you well on your way to becoming a NamePro.

Well, the problem with the "patience" business model is you need the domains to justify it.

Otherwise, you are just holding a pile of liabilities in perpetuity.

Brad

 

[bekind]

I don't know. I think failure is always an option, and you can learn a lot from it.

A positive attitude and good vibes won't pay the bills.

There is no shame in failure though.

Domain investing is hard. It's not for everyone.


Well, the problem with the "patience" business model is you need the domains to justify it.

Otherwise, you are just holding a pile of liabilities in perpetuity.

Brad

Thank you.
TBH, I am not a domain investor at all. I register domains for projects mostly. I was looking to sell truho.com at a price people were comfortable to. Have to pay some bills.

 

[Bravo Mod Team]

A positive attitude and good vibes won't pay the bills.

I meant in the perseverance and grit sense, but fair point.

 

[karmaco]

Did a google right now. Lots of people with truho surname.

None that would admit it

 

[bekind]

None that would admit it

The gist of this thread is: 1. Truho is an uncommon surname. 2. Has sordid connotations 3. Be a good domain investor. Wait it out.

Thanks.

 

[Future Sensors]

The gist of this thread is: 1. Truho is an uncommon surname. 2. Has sordid connotations 3. Be a good domain investor. Wait it out.

Give it a few decades. The family tree needs time to grow some new leaves.

 

[Vertibox]

2. Has sordid connotations

Maybe someone will come along from that side of life to buy the name from you?

It only works for the US market, as American's are prudes and often hide what they really want to say, plus the added burden of PC, acceptance, tolerance, which muddies and complicates life enormously.
Thus the word "whore" became "ho", (and also 304 - SMH), plus many Americans use that word instead of slut, but these words are not the same and they mean different things.

I see your post about how you see this name being used;
https://www.namepros.com/threads/truho-com-a-strong-modern-name-for-an-ai-app-service.1367917/

The problem with your thinking is that I don't think many people will make the connection between true and honesty from your domain, never mind make the large leap to financial honesty. The same applies to the other uses you think the name could be used for.
This illustrates one of the problems with people creating domains in isolation (which we all are in). We are alone in our name creation process and some people can easily convince themselves of their idea for a name, boosted by their ego, which most people have and so people think that because they are good/great/superb/fantastic, so are their ideas. We see this all the time on this forum, especially from newcomers, who create elaborate, decorative flamboyant posts, extolling the many virtues of a name they have created, with ridiculous and laughable bullet points, which they think will somehow make their terrible name appear attractive.
A good/great name needs no promotion, no selling, no song and dance and no attention.

But its just not so for a large number of people, ergo why great things are only occurring to the few and not to the many. Yes, sometimes, a person who hasn't had many good ideas or none at all before, suddenly comes up with one and yes, they can make something of it. If great ideas were widespread, we would see it everywhere and we just don't.

This is well understood in society and by those who study such things. But we don't need to study people who are very successful in their field so see that relative to the population, they are in the 1-2% of the population, or less. This is why many people who are big fans of and pursue successful people in all walks of life - movie stars, music bands, comedians, business tycoons, politicians, scientists, "personalities", and others. And so people pursue such successful people because they want to be in that "successful air" that such people have, but mostly its because they hope that, somehow, someway, some of the "magic" that these people have will rub off onto them, but they often won't realize that this is why they pursue them. This is why we have often seen fans of famous singers and musicians want to touch that person on stage.

There are downsides to pursuing such people and wanting what they have, not least of which is the belief that your life isn't as good without what they have, or that living without their "magic" effect on you is not good enough, or not good at all. This can lead to a lot worse things.

My best domain name ideas have come when I wasn't trying to make any name at all. Just out of the blue.

 

[bekind]

Maybe someone will come along from that side of life to buy the name from you?

It only works for the US market, as American's are prudes and often hide what they really want to say, plus the added burden of PC, acceptance, tolerance, which muddies and complicates life enormously.
Thus the word "whore" became "ho", (and also 304 - SMH), plus many Americans use that word instead of slut, but these words are not the same and they mean different things.

I see your post about how you see this name being used;
https://www.namepros.com/threads/truho-com-a-strong-modern-name-for-an-ai-app-service.1367917/

The problem with your thinking is that I don't think many people will make the connection between true and honesty from your domain, never mind make the large leap to financial honesty.
This illustrates one of the problems with people creating domains in isolation (which we all are in). We are alone in our name creation process and some people can easily convince themselves of their idea for a name, boosted by their ego, which most people have and so people think that because they are good/great/superb/fantastic, so are their ideas. We see this all the time on this forum, especially from newcomers, who create elaborate, decorative flamboyant posts, extolling the many virtues of a name they have created, with ridiculous and laughable bullet points, which they think will somehow make their terrible name appear attractive.
A good/great name needs no promotion, no selling, no song and dance and no attention.

But its just not so for a large number of people, ergo why great things are only occurring to the few and not to the many. Yes, sometimes, a person who hasn't had many good ideas or none at all before, suddenly comes up with one and yes, they can make something of it. If great ideas were widespread, we would see it everywhere and we just don't.

This is well understood in society and by those who study such things. But we don't need to study people who are very successful in their field so see that relative to the population, they are in the 1-2% of the population, or less. This is why many people who are big fans of and pursue successful people in all walks of life - movie stars, music bands, comedians, business tycoons, politicians, scientists, "personalities", and others. And so people pursue such successful people because they want to be in that "successful air" that such people have, but mostly its because they hope that, somehow, someway, some of the "magic" that these people have will rub off onto them, but they often won't realize that this is why they pursue them. This is why we have often seen fans of famous singers and musicians want to touch that person on stage.

There are downsides to pursuing such people and wanting what they have, not least of which is the belief that your life isn't as good without what they have, or that living without their "magic" effect on you is not good enough, or not good at all. This can lead to a lot worse things.

It is an insightful reply. I am not a domain investor. I had domains for projects. projects got stalled. I needed to pay the bills. Sought $300. Received advice. Thankful.

 

[Vertibox]

I am not a domain investor.

Even if you do not see yourself in that way, whenever you risk any money into something that you hope will give you some kind of profit, you are investing. Granted, you made the names for projects, but those projects were also investments, of money as well as time and effort.

People can do lots of things, but when they choose to focus on something, they will naturally miss other things, by virtue of them not looking for other things and focusing on what they have chosen. This is unavoidable.
Its the same situation as if you take a route to somewhere from a choice of different ones, say route A, B or C. Whatever you choose, you cannot ever know what would have happened on the other routes, what you would have seen, experienced, people met, etc., and the initial effect and subsequent effects of being on the other routes, the effects of which would have continued on until you stop living, as does the ongoing effects of the route you did take. This applies to everyone, for everything, on a continuous basis.

So, whatever we choose to do, we do it at the expense of pursuing that which we do not and we cannot ever know about what the outcome would have been of the things we choose not to pursue.

We do not have lives that last hundreds of years, during which we can afford to flippantly lose 20 years here, 50 years there, on this, that and the other, without any concern on time passing. Thus, everything we do is valuable in terms of time, effort and money expended, two of which are not recoverable.

 

[bekind]

Even if you do not see yourself in that way, whenever you risk any money into something that you hope will give you some kind of profit, you are investing. Granted, you made the names for projects, but those projects were also investments, of money as well as time and effort.

People can do lots of things, but when they choose to focus on something, they will naturally miss other things, by virtue of them not looking for other things an focusing on what they have chosen. This is unavoidable.
So, whatever we choose to do, we do it at the expense of pursuing that which we do not and we cannot ever know about what the outcome would have been of the things we choose not to pursue.

We do not have lives that last hundreds of years, during which we can afford to lose 10 years here, 25 years there on this, that and the other, without any concern on time passing. Thus, everything we do is valuable in terms of time, effort and money expended, two of which are not recoverable.

Can't thank you enough for your insightful replies.
Especially the last line: "...everything we do is valuable in terms of time, effort and money expended, two of which are not recoverable."