NameSilo

Patience in Domain Investing is highly underrated!

Labeled as discuss in Domain Buying and Selling Discussion, started by VidhataPrakash, Jun 21, 2021

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  1. VidhataPrakash

    VidhataPrakash Established Member

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    Have been into domaining since last month. I wait for the mail saying "Your domain has been sold" etc. almost daily....
    Motivation keeps dipping every day.... I wonder how fellow domainers who have been in this field for some time dealt with this?
     
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  2. henrypcyeung

    henrypcyeung Established Member

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    1 month is a very short period for passive investment approach. Many domainers wait for years to sell their domains. If you want faster results (but possibly lower returns), you may try to outbound your domains to potential buyers actively.
     
  3. PatrickV

    PatrickV Established Member

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    I've patience, no hurry, it's just like a good wine.

    GLTA domainers
     
  4. Abu Faateh

    Abu Faateh Established Member

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    Domainig is like planting a tree 🎄. It takes time to grow it but in the end its fruitful.
     
    Last edited: Jun 21, 2021
  5. AEProgram

    AEProgram Top Contributor VIP Blue Account

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    The issue becomes even more difficult when you are surrounded with investment ideas that bring results a lot faster and more certain with less effort.

    If the domain isn't worth 10 renewals prepaid right now don't buy it. If you only buy names that you handreg or are the only bidder, it's probably not worth much.

    Patience is one factor, but even more important is to be ready to spend 1000's for a good name and wait. Spending 5000 on 500 bad names and waiting is doing nothing because none will sell anyway, so really all you are doing is waiting to either renew or drop.

    Almost everyone has a problem spending on good names, this is why most will never make any money in this.

    Some domainers did figure this out, now you have a rise in price on good names on aftermarket and drop auctions. Others continue piling up garbage using coupons and drop catchers that you could beat using a bot running on windows 3.1 with a 36k connection.
     
    Last edited: Jun 21, 2021
  6. DuDD

    DuDD Established Member

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    • The process can be lengthy
     
  7. Josytal

    Josytal Top Contributor VIP

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    In domaining when we talk about patience, we have in view months, years, even decades of waiting.
    Slow and steady wins the race.
    Good luck.
     
    Last edited: Jun 21, 2021
  8. Jason Baudendistel

    Jason Baudendistel CEO Wibbets Inc

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    Expect to wait 2 to 5 years to sell most names. That is at a minimum don't buy anything you wouldn't be happy to keep for 20 years. If it isn't brandable or have a compelling keyword seriously ask yourself why I should buy and most likely don't I have at least a basic website on many of my domains and build links to them and look to build at least a basic brand. Give your buyer more than just a domain name to buy and be patient. Unless you time a hot trend perfectly domain sales are a long game.
     
  9. gilescoley

    gilescoley Top Member PRO VIP ★★★★★★★★★★

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    Patience is everything in this game. I've sold names after owning them for 10-13 years.
     
  10. Samer

    Samer Restricted (15-30%)

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    One month? one month!

    Did you set BIN? Is it a non-com (.) sucks?

    Hyphen #’s? Age? “Backlinks” If we dont know; Then we cant say if you’re on the right path
    Even ext taken cant be figured out if own .com
     
    Last edited: Jun 22, 2021
  11. Robin A.

    Robin A. Established Member

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    To make decent profits you need patience. Obviously the better your names, the faster they sell.
    I saw recently that I had quite a few visitors on my landing page for a 4 letter com, but they didn't pull the trigger. So I doubled the price. Sold within a week. Danger here was that the buyer might have lost interest but I was willing to hold on to the name - patience :)
     
  12. Robin A.

    Robin A. Established Member

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    I also compare domain investing to investing in dividend shares. It takes years to gradually build a portfolio and continuous re-investing of the profits to build a decently-sized portfolio that provides a handsome yield.
     
  13. Jason Baudendistel

    Jason Baudendistel CEO Wibbets Inc

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    My first year I bought so much crap its crazy. Learned the hard way potential can be a dangerous reason to buy.

     
  14. barman

    barman Top Contributor VIP

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    Domaining is literally one of the slowest moving side hustles. Of course you can make quicker money by flipping domains for smaller margins. But if you want to maximize your sale prices ... you gotta wait and wait and wait
     
  15. Maddington

    Maddington New Member

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    Don't worry, sales will come. Just keep investing in good names.
     
  16. Maddington

    Maddington New Member

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    Please can you explain the bolded part?
     
  17. jhm

    jhm Glazed

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    If you're tired of waiting, the perfect antidote to speed things up is to do those emails, and make those calls. Go direct to the companies that you think would benefit from owning it ...keep your eye out, keep your wits about you, than waiting for Sedo to give you the good news. It will become apparent that your domain is possibly no good after enough pushing yourself, than the sitting game ...if anything, it will be peace of mind, knowing you've done your bit, and this time it was just no good ...it'll help. The takeaway: Invest in good names
     
    Last edited: Jun 27, 2021
  18. Jason Baudendistel

    Jason Baudendistel CEO Wibbets Inc

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    What I mean is buying a domain you think you could turn into a project later. You have to keep in mind whether it has use for a business. Try to think of how someone else could use it for that.
     
  19. redemo

    redemo Established Member

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    My patience lasts as long as there is tangible progress. Time alone cannot be quantified as a metric of progress unless paired with at least one other metric. How do you know a year will make a sale more likely? Maybe it will make a sale less likely? I like what @Abu Faateh said
    and the same can be said about developing (to monetise or sell) or outbounding like @jhm says
    I don't mind waiting for a buyer as long as the tree is noticeably growing and lessening the time before it bears fruit that I can eat and share. Otherwise it's just a handful of beautiful seeds that sit in the window waiting for the right passer by.
     
    Last edited: Jun 27, 2021
  20. Dooner888

    Dooner888 Upgraded Member Gold Account

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    Hello Jason when you say "give the buyer more than just a name"....what are you referring to?

    Warm wishes Michael
     
  21. redemo

    redemo Established Member

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    I think @Jason Baudendistel means give the buyer a developed website where the content and traffic increase the value of the domain name. A domain name can be described as land without a house or a house without decorations/furnishings. Some buyers want a clean slate while others don't want the hassle (or don't have the money) to decorate and furnish. They just want to move in.
     
    Last edited: Jun 30, 2021
  22. Jason Baudendistel

    Jason Baudendistel CEO Wibbets Inc

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    Setup a basic Facebook and Twitter for domain as well. Then the buyer is receiving a digital asset beyond just a raw domain.
     
  23. redemo

    redemo Established Member

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    @Jason Baudendistel Does it make a difference if the Fb and so is exactly the same as left of the dot, or is it just how many followers and likes it has?
     
  24. enterscope

    enterscope Domain Investments VIP

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    Expect to only sell 1 out of every 100 domains you own per Year, on average. That's with market priced domains that people want to buy, not hand registered junk.

    Focus on other business ventures and income sources while you build your portfolio.
     
  25. Jason Baudendistel

    Jason Baudendistel CEO Wibbets Inc

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    Any followers or likes are just a bonus. Keep in mind Facebookrequires 10 likes to reservea page name. However no need to do anything extra special. Unless it's a premium domain just put a basic website onitand focus on other things.
     

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