Impulsive Domaining

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Impulsive Domaining
"A disorder for the inexperienced"

For some people, Domaining can be a disabling addictive disorder characterized by the impulsive buying and uncontrolled management of money resources, despite adverse effects upon one's personal and social life. (definition by David Taylor 2010)

Do you think that '24/7 domaining' is a new social disorder? Have you been affected by it? How much money have you invested in domaining?

Thanks,


Personally, I've had to take a step back and realize that Domaining is a business and only to reinvest after I first sell.

Your thoughts please,

PS: Domainholic & Domainerholic (.com) are already registered....

---------- Post added at 02:54 AM ---------- Previous post was at 02:41 AM ----------

 
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You mean compulsive and yes it's a problem.
 
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PS: Domainholic & Domainerholic (.com) are already registered....[/SIZE]


Heh, heh...

DomainAddict.com
DomainMadness.com
DomainMad.com

...are taken, too...




Any activity that offers the chance to make relatively easy - and, perhaps, very big - money brings out the compulsive addictive elements in people...

I'm sure its the chance to hit a 'big one' - any time, any day, on almost any domain - that does it...

...Plus, the fact its not unusual to make (by any standards) very high ROI, very easily.....Even a $7 hand reg, flipped for $20, is an unusually large ROI - and, often very quickly.

That's a buzz....and, leads to wanting more....and, more....Addiction.


But, being around domains is more, too....There's the fascination of development, and, of building a real business (or, at least, an income) on a domain, with a relatively low cost of entry. Again, with effort, there's the chance a bigger player could come along and buy you out. That's addictive.


There's the chance to secure a great domain, on any day....I love that feeling of anticipation....And, the fun of watching your domains in an auction - or, up for sale - and, perhaps, seeing the bids for it rise...That's a buzz.


Then, there's the domain community.....This motley collection of similarly besotted domain addicts that you get to know, and share the ride with. That's nice.


No doubt about it, it can get a hold on you....But, after awhile, I find it settled down a bit....Less racing about - more consideration, more strategy, more knowledge, more understanding the dynamics of domains, their value, and, their relationship to the real world & real marketplace.


But its a fun ride, allright...:)

.
 
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It is a thrill along with the anticipation of 'hitting it big'; a sort of money lottery!

Very well stated DomainTalker.. Very well stated!!!
 
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I only added my signature last week, and that's the way I feel about domaining..

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Some people take it like gambling, low investment high returns. Just like gambling, the chances of hitting the jackpot in your lifetime are very low.
 
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But unlike gambling, one has a bit more control over the outcome...
 
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I do believe that a certain kind of person is drawn to domaining, those with ADD and ADHD (diagnosed and undiagnosed) who like that "buzz" in capturing something, whether it's a domain or lottery ticket or the rush from bungee jumping.

Those of us with ADD have been told all our lives that we need to be "fixed," that something is horribly wrong with us, unless we take certain drugs. One day, I woke up and threw away all pills and said, "I am what I am, and I like it." Of course, that causes all kinds of problems for the people around us. Fortunately, I have a very accepting husband...

However, had domaining existed 25 years ago, I might have found myself in deep trouble because my impulse control was a lot weaker. It's still not great, but improved to a point where I think and research before getting out the credit card and clicking that button.

Domaining CAN be a form of gambling. I have allowed myself to reg a few 3d domains that are pure speculation, and last year I invested in .tel, which still might pay off (the rumors of its death are greatly exaggerated). But I have also diversified my portfolio with more "solid" aftermarket .com domains and am looking at serious development for some of my properties.

In other words, I'm settling down more--not perfect, but MUCH better.

It's funny, too. Since I have started domaining, I have lost interest in regular gambling. I'm in a city filled with casinos, and in seven months I haven't ventured in one yet (granted, they're a bit sleazy-looking, which doesn't help their appeal).

So, yes, impulsive domaining is part of the business.


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Some people take it like gambling, low investment high returns. Just like gambling, the chances of hitting the jackpot in your lifetime are very low.
Hit the nail on the head. For some people domaining is very much like gambling, it's the same addiction and it can cost you a lot of money :guilty:


But unlike gambling, one has a bit more control over the outcome...
Very true, if you pick domains carefully and thoughtfully. Domains should not be treated as lottery tickets. In this game it's 99% quality, 1% luck.
 
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That is why i am trying to follow my policy of inverting only what i draw from it. No adding of extra funds, earn it and spend it. But this is making it very hard to get that premium domain i am eyeing right now. A week more...
 
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If you are "stalking" an aftermarket domain for a long time (meaning that you can't get it out of your mind and you MUST have it and you have done your research), then that is a good indicator that you are NOT being impulsive.

I just recently acquired the .com of a high-ranking .net that I already have (not the one in my siggy--I wish), because I knew that if someone else got the .com and they developed it, my .net would most likely fall below it. That is a sensible move, based on common sense, research, and a lot of thinking. I probably paid slightly more than it was worth, BUT it will only bring my .net up higher or, at least, keep its current #2 ranking in its category (out of nearly 250,000,000 exact searches, not adword).

Impulsive domaining is seeing a name that captures your fancy and not doing the proper research.

And, yes, I have a few of those, but if they have no good use I'm allowing them to drop.

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I know only the initial stages were impulsive. Not anymore. Since i am a student so dont have that kind of cash to be impulsive. I just invest into domains what i get from them only or whatever i earn online. I have a portfolio of about 50 domains as i started domaining when i joint this forum only. Till now i have invested nothing into it from my own pocket, only what i earned online. This brings in the problem of buying good available domains since i dont have much available cash as most of it is stuck in my prepaid account at a registrar. I am looking to get 100$ in a week or maybe for someone to get the money out from the registrar.
 
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Some people take it like gambling, low investment high returns. Just like gambling, the chances of hitting the jackpot in your lifetime are very low.
Actually unlike gambling, in domaining the odds can be in your favour if you do the research correctly.

Even in gambling, you can choose to play the lottery or blackjack, the odds are totally different and applicability of knowledge can actually make the difference between winning and losing.

Domaining is a lot less riskier than blackjack, if you know what you're doing.
 
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Wondering if any of the guys from the 3D thread will join this discussion?

Nudge....

Has anybody given any thought as to why SEX.com filed chapter 13 bankruptcy?

I'll tell you why....because of "Impulse Domaining"


Here's the real explanation:

DOM Partners LLC said it loaned more than $4 million to Escom LLC to fund the website's operations.

Also, 3 of Escom's other creditors, stated that SEX.com owner also owed them more than $10 million.


Notice what the bankruptcy court stated about Sex.com owner - "ESCOM LLC has no working capital of its own to finance any development of the Domain Name, let alone to pay its secured creditors,".

Conclusion

This domain was the result of "Impulse buying"; with no real concept of business development and or management.

Probably one of the biggest domain blunders of all time!
 
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