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discuss How long before a new domainer should start buying?

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How long before a new domainer should start buying?

  • This poll is still running and the standings may change.
  • 15 days

    0
    votes
    0.0%
  • 15 to 30 days

    0
    votes
    0.0%
  • 30 to 45 days

    4
    votes
    26.7%
  • 45 - 60 days

    2
    votes
    13.3%
  • More than 60 days

    9
    votes
    60.0%
  • This poll is still running and the standings may change.

Impact
873
How long do you think a new domainer should wait to understand the market before they start investing in domain names?
 
0 0
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The views expressed on this page by users and staff are their own, not those of NamePros.
Impact
8,381
As long as it takes to really know what you are doing.
It is not enough that you think you know what you are doing.
 

spigiv

Established Member
Impact
209
Agree with @blogspotter. Would add though that you should invest (some not all) capital before you get fed up and leave :). Some money in the game is also a way of learning but spread your initial investment over a longer time period and do not spend it all at once.

I often read people here on NP saying one should learn, read and so on before buying. I would say: Learn, read, buy and then repeat this cycle for X number of months/years. Never spend it all once - not on your day 1 of investing nor on your day 10,000. Perspective to investing/spending is important.
 
Last edited:

cooljub

Top Contributor
Impact
1,089
I think buying a few to play around with can be a good part of the learning process, so long as you can keep a rein on it.
 

PurpleMan

Top Contributor
Impact
518
When you are double sure you are not wasting your money. And even at that, buy only few and keep learn. If as you learn more you realize the first few names you registered were not good,l, you will take consolation in the fact that it was part of your learning.

Also as a beginner, try to always use the appraisal section whenever you register names. This will help you get the opinion of experienced domainers about what you're registering.
Good luck.
 

cooljub

Top Contributor
Impact
1,089
Impact
9,529
He has been for more than 2 years and did not buy anything yet so may be this is a good example for waiting.
While waiting keep posting questions.
 

DigitalAsset

Established Member
Impact
80
I would suggest 2 to 3 months of learning before buying any domain for reselling purpose. One should ideally learn the basics of domain trading, identify his niche or expertise, follow & understand the sales data and then jump in.
 
Impact
357
When I think back about the mistakes, I made more than 20 years ago when I started domaining, I think that I was like most domainer Wanta bees. I figured I could find names buyers would love. That took years to develop an inventory worth selling. Learning to be a domainer is like a lot of other things. It takes hard work and perseverance. IMO lots more than 60 days.
 
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