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How long does the average individual stick with domaining?

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Domain Jedi

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I have put in some good time on the domaining forums and have seen a lot of people come and go… some more reputable than others.

Is it that people are too ambitious in the beginning and loss too much money without doing their due diligence or is it that the economy has scared off even the most veteran domainers from actively trading?

What are your thoughts?
 
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GoDaddyGoDaddy
As with anything there are stickers and quitters.

As more and more time goes by, it is natural that there are less and less of the original people still sticking around, although more new people are getting into domaining every day.

Often people are too impatient and want to make money before they have really put in any work - like a farmer wanting to harvest a crop just a few days after planting the seeds! When some people dont see an immediate return they leave and try the next big thing.

Initial mistakes can often put people off unless they are prepared to learn from them and improve their investment strategies. I was just the same as many - names registered in the first year were mostly rubbish, although I did register one that turned out to be an absolute jewel.

The current economy may well have put off a few but I regard the current financial situation as an opportunity - there are still sectors of the economy that are doing well. By targetting end users usually in niche industries, I have achieved more this year than in the whole of last year.

Everyone has their ups and downs in domaining - the key is not to quit but to keep going, no matter what. Having definite goals - needing to raise a specific sum of money by a specific date - works well to encourage me to put in the required effort to get success.
 
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As with anything there are stickers and quitters.

As more and more time goes by, it is natural that there are less and less of the original people still sticking around, although more new people are getting into domaining every day.

Often people are too impatient and want to make money before they have really put in any work - like a farmer wanting to harvest a crop just a few days after planting the seeds! When some people dont see an immediate return they leave and try the next big thing.

Initial mistakes can often put people off unless they are prepared to learn from them and improve their investment strategies. I was just the same as many - names registered in the first year were mostly rubbish, although I did register one that turned out to be an absolute jewel.

The current economy may well have put off a few but I regard the current financial situation as an opportunity - there are still sectors of the economy that are doing well. By targetting end users usually in niche industries, I have achieved more this year than in the whole of last year.

Everyone has their ups and downs in domaining - the key is not to quit but to keep going, no matter what. Having definite goals - needing to raise a specific sum of money by a specific date - works well to encourage me to put in the required effort to get success.

I could not have put it even more better :O
 
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It can get boring waiting for buyers and searching lists of domains. Making offers and getting outrageous $xx,xxx buydomain style replies.

I been doing this for jeez...7 years now I guess but a webmaster for 10. I have no qualms about giving up "domaining" and focusing on websites. It's always made me more money.

My guess for average...at least 2 or maybe 3 renew cycles. A few years of duds normally turns off an investor.
 
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Depends on the individual.
 
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I would imagine a lot of older and 'get it' domainers just don't feel a need to post continually in a forum. Some have gone on to form companies with employees and new types of goals and projects. Time becomes precious. When one is on his/her own in the beginning of their 'venture', forums are great places for knowledge, friends, advice, solace, etc. But once one has a 'team' with the same visions, forums then become 'I wonder whats been happening there' time killers.

And of course this industry will always be filled with a revolving door of 'disillusioned get rich, wannabe investors'.
 
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