discuss Most important quality that differentiate successful domainers among other common domainers?

[GreatBrand.in]

Domaining is a serious business which needs time, energy and serious efforts. It required at most level of dedication and sincerity like any other professions. In spite of all these dedication and efforts still the success rate in this profession is very low. There are very few successful domainers who are performing consistently over many years and decades and then we have list of domainers who are struggling to get even their first sales.

The average industry sale through rate is very low 2-3% and thus out of 100 domains only 2-3 gets customers either in the form of end-user or resell investors.

Anyway, I personally believe this sector needs some special quality and the domainer who posses those attributes succeed here and believe me money is not in my top three list. These are
1. Knowledge,
2. Creativity
3. Patience

and if you have more money along with these above qualities your learning curve and struggle duration would be shorter but if you only have money and not the other three qualities than I don't think anyone would be able to save you from bankruptcy

What is your view, out of all these four deciding factors (including money) which one is the most important main deciding factor mainly shaping career of a domainer and defining whether he is successful or not.

Other than poll your candid views and thought provoking arguments/ justification are most welcome to make this discussion engaging, entertaining and inspiring.

Best wishes!

 

[FavourB]

I choose money.

You need money to gain knowledge ( DN Academy)

After the training you need money to start investing properly.

After Investing you also need money to stay afloat in the business and still if you got money you will automactically have patience as there wouldn't be any need to sale in a hurry.

Money Money Money

 

[GreatBrand.in]

I choose money.

You need money to gain knowledge ( DN Academy)

After the training you need money to start investing properly.

After Investing you also need money to stay afloat in the business and still if you got money you will automactically have patience as there wouldn't be any need to sale in a hurry.

Money Money Money

Wow amazing points

I think you are confusing knowledge with the education. Knowledge is not a fast food that you ordered and get it. It is years of experience based on your personal inclination, nature, observation, succcess and failure.

Also do you think every one who trained from the Academy are successful domainer ? On the contrary those who are successful for more than decades never got such trainings

Anyway, thanks for bringing a new perspective.

 

[TauseefKhan]

I think vision or lets say knowledge is important. People who bought domains (good ones) 20 years before were having a vision of an online world booming with users and businesses.

 

[pb]

perseverance

I chose patience in the poll but it's not quite the same.

 

[bmugford]

A mix of all. Timing is another one.

You can't replicate the type of domains you could register or easily acquire in the mid to late 90's and early 2000's.

That aside, I would say the number one trait is the realization that you don't know it all, and are always open to learning.

Brad

 

[Sumeeth]

I believe, Good domainer should have the ability to pick right keyword + knowledge on different niches

I mean if he has good niche knowledge + ability to identify right keyword, he can even earn with hand registered domains as well just my opinion

 

[noneisnone]

The patience of Ayoub

 

[loredan]

Agreed with Brad here, it must be a mix of all the above plus a few more.

Money is obviously important but knowledge is importanter

 

[biggie]

Hi

i'd rather be a common domainer,
who has something in common....
with other domainers.

and even if i be seen as successful
in the eyes of others
that success, could still be something that we have in common
which, would make us more similar - than different

so
as domainers, we all strive for success
it's a goal, as a group, that we have in common.


puff puff..... ahhhh


imo...

 

[Devanos]

All of these elements are very important, but we have to arrange them according to priority, as knowledge is the origin of learning in any field, and after we learn and master something, we begin to innovate, Creativity, seriousness and Patience, and if some Money is available on our journey, it will be something that will bear fruit for our efforts and experience that we have gained in long-term investment.

 

[Future Sensors]

 

[bmugford]

The people who do the best basically want to learn and understand.

Many of the people that fail have the same traits. They are stubborn, think they know it all, and are not open to learning.

You see it often in threads like under appraisals where they just won't accept that their domain is not good, then become abrasive and hostile about it.

We all start somewhere. The people who realize they don't know it all tend to have better outcomes.

Brad

 

[karmaco]

This is one of those chicken or egg questions. I voted money but all the money in the world won’t help if you don’t have the knowledge to know great names versus bad ones and why.

 

[bmugford]

This is one of those chicken or egg questions. I voted money but all the money in the world won’t help if you don’t have the knowledge to know great names versus bad ones and why.

Money certainly helps, but money without knowledge and experience is also the quickest way to lose money.

Brad

 

[bmugford]

Show attachment 183642

That is basically a Dunning-Kruger chart. The more you think you know, the less you actually
know.

Newcomers don't even know what they don't know.

Brad

 

[karmaco]

Money certainly helps, but money without knowledge and experience is also the quickest way to lose money.

Brad

True and this question is complex. I voted money because its easier for any domainer to gain the knowledge if determined enough. Not every domainer can recognize a great name and have the funds to bid it up to 25K at auction.

 

[Future Sensors]

The following is more a definition thing

An excellent salesman sells lots of really bad names to other excellent people. Just because he's an excellent seller. He doesn't get the respect from other domainers. But, will we consider him a successful domainer?

 

[bmugford]

True and this question is complex. I voted money because its easier for any domainer to gain the knowledge if determined enough. Not any domainer can recognize a great name and have the funds to bid it up to 25K at auction.

It is true because money brings opportunities. The more bankroll the more opportunities you have.

It is why rich people tend to get richer in general, not just in the domain world.

If you think a stock is going to triple and you only bought $100 stock the gains are almost irrelevant in the grand scheme of things. You do the same thing with $1M and now you have serious gains.

Brad

 

[bmugford]

The following is more a definition thing

An excellent salesman sells lots of really bad names to other excellent people. Just because he's an excellent seller. He doesn't get the respect from other domainers. But, will we consider him a successful domainer?

Sure. Even the best salesman in the world will be more effective with quality assets though.

Brad