NameSilo

I have lost interest in domaining. What about you?

Labeled as discuss in General Domain Discussion, started by ReallyBigIdea.com, Apr 28, 2021

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  1. Brands.International

    Brands.International Marek VIP

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    You are asking a group of domain investors here whether domain investing is a good thing .. you can go as well to your hairdresser and ask him whether you need a haircut .. do not be surprised if you hear the answer "yes" in both cases :)

    Most people are losing money in domain investing. Most of them will also give you perfect advice regarding domain strategies. It can take years of experimentation to form your own opinion. I think that one has to be a) very talented, b) work very hard and c) usually be also very early to have good results. So check if you have all 3 skills. If you have only 2, or only 1, or 0, you will be constantly losing money on domaining. It can take 3-5 years to finally wake up to reality, as other people will be telling you "do not give up".

    Finally, you mentioned people who got rich in crypto - in my opinion, if you have some tech skills and the ability to learn quickly, learn blockchain/crypto ASAP. It can make you seriously rich, it has 100x the potential of domaining in my opinion at the moment, particularly for new people like you.

    If you have doubts, read about new phenomena which many people now experience: Sudden Wealth Syndrom, I include link here:https://en.wikipedia.org/wiki/Sudden_wealth_syndrome

    Note what the main causes of this syndrome are. Domaining is not among them, but cryptocurrencies are - it is no coincidence :)
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. Cooldomainideas

    Cooldomainideas Established Member

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    I honestly feel as though you picked bad domain names. You should go through your list and write a small description of what the each domain should be used for, and market it as such.
     
    Last edited: Apr 29, 2021
  3. KnifeCatcher

    KnifeCatcher Established Member

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    The replies in this thread is why I love this community.
     
  4. Mike Goodman

    Mike Goodman Established Member

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    I think this is exactly where most people go wrong. Probably because it is advice repeated again and again here on NP. It is utterly pointless other than, if it is your preferred way, as part of your valuation process.

    The first thing, and this cannot be over-emphasised, is spotting a good domain. That can only be done by coming up with a name to register or seeing a name on a list which screams out loud at you "there is an obvious good business case for this domain name!".

    So ask yourself before buying "What kind of business could I, or any entrepreneur or business owner, build on this domain name?" These are the only ones worth going to the bother of valuing in the first place.

    Going through your list, you have one or two worth keeping. You won't make a lot on any of them but you may at least cover your costs to date.

    Do not renew the remainder. If you can't sell them just let them drop or you will lose more money on them. Misspellings are worthless for starters, unless they lend themselves to branding. Yours, I'm sorry to say, don't. Get them onto NameLiquidate.com and repeat that with 30 day gaps until they simply drop if they don't sell.
     
  5. Nsikan Simon

    Nsikan Simon Established Member

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    I think you tried to hack some domain names with hyphens and miss spells too much.

    Also let your next domain venture rely on a tangible/solid business fields, that way you're more likely to interest a buyer without trying too hard.
     
  6. Recons.Com

    Recons.Com Top Contributor VIP

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    Whatever research you are doing before buying, you've got it wrong and need to go to the drawing board again.

    1. Focus on English words mostly. Russian words won't sell nearly as good (Same for French, Spanish etc.)

    2. Too many hyphenated names.

    3. Too many names with 2+ misspells. My rule is 1 misspell max. Like Cecond.com, Pointgard.com Tuth.com Judj.com etc. And only on a valuable positive word

    In short, 90%+ of your names should be all of these: English, no hyphens, no misspells, dotcoms.
     
  7. alcy

    alcy Top Contributor VIP

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    it takes years of hard work to get hang of it.
     
  8. kite26

    kite26 Fearless Bird VIP

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  9. NickB

    NickB it's a mystery VIP

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    I had a good think on this last night......

    The painful truth is some people take failure personally, can't come up with new plans or ideas, fail to learn from their mistakes and can't see they are in a vicious circle - it can be hard to objectively look at yourself and your circumstances

    Even if you do there is no bloody guarantee you will succeed......but if you don't give up, are willing to learn, don't let failure weigh you down then you have a chance and that's all you can ask for as some people don't even get that......then it's down to the induvial to grasp those opportunities

    Never giving up is a positive trait but it needs to be combined with others when trying to achieve your goals
     
  10. HotKey

    HotKey Made in Canada VIP

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    To me it's very telling when someone 'loses interest' in something when barely even started, barely even scratched the surface to this wonderful industry we call domain investing.

    Easy come, easy go. We see it time and time again, are you going to be one of those? While I'm not going to tell you what your interests should be or why you should be doing something.. that's been laid out like a red carpet for you here; I will say this:

    Don't be fooled by the ease of gear-switching in that device you hold now in your hand. Develop some tenacity and grit and stick with it. Tenacity means seeing something through to the end, even if the results aren't what you were expecting.

    Expect that you're going to stumble and fall along the way. Pick up, brush off, be humble and re-energize.

    Know that the simple act of owning domains does not equate liquidation.
     
  11. jhm

    jhm Glazed

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    Your time in the domain name industry is easier if you "love" what you do, even when things aren't going as expected. If you're constantly waiting for that big killer sale, wondering when its coming, what you're doing wrong, what you could do better...maybe there are things you could improve on. I'm not perfect, I'm looking to improve from the years I've been in this, always...but I love this stuff...its not my main source of income, but the people, the business, the appraisals, the sentimental value, bringing companies an online presence...chit chatting on NamePros...for me its enjoyable. We have some pretty cool cats in this game, and I like it
     
    Last edited: Apr 29, 2021
  12. karmaco

    karmaco Top Contributor VIP

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    You have been here 4 months. People have waited years for good sales. I have to agree the caliber of your names is lacking. Not quite brandables, too many multiple misspellings, stop with the dashes, no emd’s, slow down and reflect on what is a good name and why and what is selling.

    Even if your hand regs were good they would usually take years to sell. You need patience and better names. Hone in on a niche you have alot of knowledge in and start again.Slowly.
     
  13. Future Sensors

    Future Sensors 78% of human domainers will be replaced by robots Gold Account

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    Hello @ReallyBigIdea.com (y)

    I don't want you to stop at this time in the game. You've just started and learned a lot, including what's not selling. And you shared it with the community. My advice is that you go through your current list of domains, and on a per domain basis think hard about what would be a better quality name, then eventually register the better name. Think as an end-user starting a business with that name. You have to be proud of your names. Lots of good advice by others in this thread as well.

    One last question maybe. Do you (still) like domaining? Are you (still) passionate about it?

    Wishing you all the best.
     
  14. frank-germany

    frank-germany domainer since 2001 / musician VIP

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    hey don't try to register domains in order to sell them for 10$

    try to sell them for 1488 $
    or 2500 $

    and don't register domains
    that wouldn't sell for that
     
  15. johnn

    johnn WeSellName.com PRO VIP ★★★★★★★★★★

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    One more thing.
    Check with your wife or your girlfriend before making a decision.
    They know everything - more than Google...
     
  16. King

    King Investor & Creator VIP Gold Account

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    Then it's not for you, you need patience and grit. Besides being good at branding or naming.
     
  17. The Durfer

    The Durfer Wesley Sweatman VIP Gold Account

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    idk about the rest, but you should hold hee-haw.com and wachito.com til you get an enduser. ty. good luck.
     
  18. Bob Hawkes

    Bob Hawkes Top Member NameTalent VIP Gold Account Trusted Blogger

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    This thread have a large number of sensible and clearly expressed comments. One of the best threads on NamePros.

    I won't repeat (too much :xf.wink:) what others have said, but would add the following.
    • There is nothing wrong with taking a break. In many circumstances, it is the right thing to do. Why not take a break from acquisitions, make sure that your names are listed effectively and priced, and just not think about domaining for awhile. For a few reasons I have taken short breaks, and it is almost always good.
    • When your break is over, consider if you want to do domaining or not. Only stay in if you are passionate for it. It is hard and slow work, and not worth it if you are not enthusiastic anymore.
    • Make sure you are realistic in your expectations. I see that you are selling at wholesale prices, but if retail you would expect one sale for every 100 names you hold per year. A few months is not enough to decide.
    • Wholesale sales is not a bad way to start. I would set a limit though, no new acquisitions until I sell some amount, then when you do carefully invest that and so forth.
    • I quickly looked through your list. While a few seem reasonable, it seems to me that there are way too many that are things like spelled wrong terms. Occasionally these are brandable, but really need a strong single 'change' in the word and in a term that evokes generally positive meaning in a sector where it is likely there is induced demand.
    • I personally would try to isolate your best 5 names, and concentrate only on those, trying to list some for retail prices. Be realistic it probably won't happen overnight.
    • Read and without buying consider good names, keep watching sales, look at what brandable marketplaces accept, etc.
    • Best wishes whatever you decide.
    Bob
     
  19. ReallyBigIdea.com

    ReallyBigIdea.com Established Member

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    I tried to sell it for mid-high $xxx. Lowered prices because I need urgently cash and was surprised that it's not selling for reg-fee. That's why I was panicked.
     
  20. ReallyBigIdea.com

    ReallyBigIdea.com Established Member

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    Thank you very much. I am appreciate opinions regarding which domains are good.👍👍👍

    I understanding that some domains like as 7-7-7-7-7-7-7.com has no value it was impulsive reg/catch because was owned for several yrs by Chinese.

    Some domains like as ApartForSale.com has no aftermarket value but this name brings me around 40k visitors for the last 5-6 months
    Screenshot_20210429-225548.png

    I was really surprised that some crap names like (Youresponse.com) brings a lot of traffic.
    Stats/visits for the last 7 days
    Screenshot_20210429-225325.png

    Most regs was impulsive purchases because previous owners renewed them for 10 or 20 yrs. I think HugeDomains has a similar strategy..
     
    Last edited: Apr 29, 2021
  21. Future Sensors

    Future Sensors 78% of human domainers will be replaced by robots Gold Account

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    When you price good domains extremely low for end-users, they might think the domain does not have a lot of value. It's psychology. You have to find the perfect price that's not too low, and not too high, but somewhere in between. I also think you have to decide whether you want to sell mostly to end-users or mostly to fellow domainers on namePros.
     
  22. ReallyBigIdea.com

    ReallyBigIdea.com Established Member

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    That is the problem I have no wife neither gf :(
     
  23. ReallyBigIdea.com

    ReallyBigIdea.com Established Member

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    Which ones ok or good or not bad?
    I appreciate.. Thank you. ✨
     
    Last edited: Apr 29, 2021
  24. ReallyBigIdea.com

    ReallyBigIdea.com Established Member

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    Please tell me whould u paid for urStore.com $40k or grab urBuys.com for reg-fee? Does seller name matter? Mike with powerful domainmarket.com brand name vs unknown domainer on blogspot platform with ReallyBigIdea.com brand name?

    urStore.com vs urBuys.com

    urBuys.com - crap or not? to renew or to drop? If its crap does it mean that urStore.com crap as well or it is a valuable name?

    Thank you
     
    Last edited: Apr 29, 2021
  25. karmaco

    karmaco Top Contributor VIP

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    Store is way better than buys-no comparison imo. Ur is undesirable to most end users, only made acceptable because its 7 letters total and replaces a much better but more expensive name like YourStore or MyStore for example. Nine times out of ten they will want accurate spellings and good English as it reflects on their brand.

    Also, don’t compare yourself to Mike Mann. He is not a typical domain investor or typical seller.
     
    Last edited: Apr 29, 2021

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