Labeled as discuss in General Domain Discussion started by mAd MaX, Apr 8, 2019.
far away from easy its for sure
The new extensions will have a few million dollar names.
I plan on developing Fav.Uno myself
if I got an offer over seven figures...
I think it comes down to research of course you still can ,if not you can at least buy one for a few hundred or thousand now that may be worth a million in the future. No one knew what cbd was 5 years ago I'm you could have bought that for 2 k in 2003 I heard it sold for 500k and I think that's cheap,you basically own the market with that name, someone will pay 2 million for it,if an end user did not buy it already. Also I hand regged a domain I sold for almost 5k 5 years ago ,no one bought it or backordered it ,the buyer never renewed it.So anything can slip buy,Getting back to research ,if you put in the time looking for the next best thing. two worders are the things to look for that would define a category. Frank shilling did this and he now owns the most 2 worders that own the markets more than anyone. Smart Guy ,looks ahead.
Just today in fact I just hand regged a domain that alpnames defaulted on that went into redemption that I could not renew ,when it went to moniker.com they tried to shake me down for 160 bucks ,but said they would take 100, 2 days later they said it was too late. now pending delete, icann is a scam they did nothing to help ,3 other domains I wanted that I dident want to pay 100 bucks for got back ordered at name jet ,alpnames defaulted and icann dropped the ball, verisign was no help either ,they are they as bad ,they ignored icanns request to suspend deletions of domains. This is horrible for the industry. If this was a million dollar domain it may have happed the same. The domain industry lost a lot of clout . Never in the history of finance has a commodity contract on any exchange has ever been defaulted on there was a commission that would step up to make sure the contract was fulfilled and a clearing house would back that trade.
This default just made history,some people lost some good domains,alp names was pretty small they only had about 300-400k domains so that's why icann and verisgn did hardly anything. In fact the money balance I had in the account at alpnames is gone too and no one knows anything about it ,icann suggested I hire a lawyer. So icann accredited mean squat, hopefully they next time the drug addicts at alpnames put a needle in their arms its the last.
CBD is not a recreational drug; it won't get you high ... it extended my neighbors life by 7 months when the dr. gave him 2 weeks to live.
Matt Blaze registered Crypto.com in 90's. At that time the idea for the name dealt with cryptography, computer and network security, and technology policy research. And, as you know, last year the name got sold.
So, finding such a name that can be used by an emerging industry is essential. Anyway, domaining is more about hard work, persistence, volume, and quality. Luck has minimal role to play.
It's entirely possible as long as you register something that doesn't exist yet and, either by luck or vision, it becomes a hot trend.
But the question could be better phrased as literally any domain could be worth $1 million given enough time, or put it another way, you can't rule out that any domain will eventually sell for $1 million if time isn't constrained.
"Is it possible to hand-reg a domain name after 2010 that will sell for $1 million in 15 or less years? " - that's a better question.
@legendarynames rightly said. But, I think one doesn't need to wait for 15 years. Changes are happening quite rapidly nowadays compare to last decade. So, I think - 5 years time is an ample time to verify if what you've registered goes mainstream.
I actually do know someone (not a domainer) who hand-reg'ed a .com for a personal project that got shelved and that domain sold for a solid six figures amount, 12 years later. It was out of pure luck as the thing became a trend.
The domain was registered in 2000.
abilliondollardomain.com can be had for under $10.
amilliondollardomain.com was hand registered in 2015 but is now in redemption period. Imagine dropping a million dollar domain.
You can register 150,000 domains for $1m. Right?
So the break-even odds is 1/150,000.
However if you sell 150k domains for $1m, you will have $1m to register another 150k domains.
So the break-even odds now becomes 2/150,000
If you sell the second 150k domains for $1m then you will have another $1m to register 150k domains for the third time.
If you register 150,000 domains for 150,000 times then one of your hand registered 22,500,000,000 domains must be sold for $1m.
If you don't have money to start with 150k cycles, you can start with any number of domains you can afford. The only difference will be the number of buy-sell cycles until you register 22,500,000,000th domain.
For instance you can register and sell 10 domains each time. You will need to repeat this cycle 2,250,000,000 times.
If you have 40 years to die, it's 14,600 day, approx. 15k days.
To do something for 2,250,000,000 times until you die, you must do it for 1,500,000 per day, or for 1,000 times per day to do it for 150,000 times.
If you sell 22.5b domains you will likely sell couple of domains for less than $1m that are actually worth $1m or more.
Therefore the point is not to sell 22.5 Billion domains. The point is to know which domains are worth $1m. One the other hand, if have this knowledge, then you don't need to register 22.5 Billion domains. You can register 1 domain and can sell it for $1m. So there is a mutual relevancy between knowledge and obtaining the knowledge from trials and errors. All you need is to adjust the balance between your current knowledge about $1m domains and the required number of trials and errors to obtain the absent part or parts of your knowledge.
I think it's similar to the case of crypto .com domain name. Thanks for sharing.
Most of the domainers register names related to the current trend. And, it's unlikely to hand register something that doesn't exist because that needs creative/lateral thinking which requires a lot of reading/research and analysis.
its possible but far away from easy...the distance is like from here to the moon...but people landed on the moon
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