- Impact
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So, being new to the domain business, leads newcomers quite often to spend (a lot) of money on domains,
without the outlook of getting it back.
We all know, when a new thread is being started, when a new trend occurs, that attracts new people to digital goods,
it leads to high numbers of registrations.
Newbies might fall into a rush to reg. all kind of bullsh*t domains;
some believe that a lot of millionaire domainers gather in internet forums, or branding / media experts from Fortune 500 companies,
and that they just wait to buy their idea of a domain from them.
And, surely, I also felt victim to that.
When the metaverse craze started, I registered a bunch of meta() 24 .com domains,
in the believe that 24 must be a great suffix...
So, the only downside of NP I guess is, that we as domainers create hype & forums, in which someone posts a great sale he had,
and fast finger typers quickly visit a registrar and make sure to get one of that possible domains...
But, there is no fractionalized profit ratio here:
You pay the whole reg fee, and either you sell the name, or not.
It's not like with stocks, where you can enter, realize a small loss, and exit again...
at any time.
So, its everybodys own capital, but the pitfalls are deep...
without the outlook of getting it back.
We all know, when a new thread is being started, when a new trend occurs, that attracts new people to digital goods,
it leads to high numbers of registrations.
Newbies might fall into a rush to reg. all kind of bullsh*t domains;
some believe that a lot of millionaire domainers gather in internet forums, or branding / media experts from Fortune 500 companies,
and that they just wait to buy their idea of a domain from them.
And, surely, I also felt victim to that.
When the metaverse craze started, I registered a bunch of meta() 24 .com domains,
in the believe that 24 must be a great suffix...
So, the only downside of NP I guess is, that we as domainers create hype & forums, in which someone posts a great sale he had,
and fast finger typers quickly visit a registrar and make sure to get one of that possible domains...
But, there is no fractionalized profit ratio here:
You pay the whole reg fee, and either you sell the name, or not.
It's not like with stocks, where you can enter, realize a small loss, and exit again...
at any time.
So, its everybodys own capital, but the pitfalls are deep...
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