Dynadot

discuss Patience in Domain Investing is highly underrated!

NameSilo

VidhataPrakash

Established Member
Impact
215
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?
 

AEProgram

Top Contributor
Impact
4,594
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.
 
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Jason Baudendistel

CEO Wibbets Inc
Impact
696
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.
 

Robin A.

Established Member
Impact
1,036
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 :)
 

Jason Baudendistel

CEO Wibbets Inc
Impact
696
My first year I bought so much crap its crazy. Learned the hard way potential can be a dangerous reason to buy.

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.
 

Maddington

New Member
Impact
7
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?

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

jhm

Glazed
Impact
5,649
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
 
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redemo

Established Member
Impact
1,735
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
Domainig (sic) is like planting a tree 🎄. It takes time to grow it but in the end its fruitful.
and the same can be said about developing (to monetise or sell) or outbounding like @jhm says
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.

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.
 
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Dooner888

Upgraded Member
Impact
62
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.

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

Warm wishes Michael
 

redemo

Established Member
Impact
1,735
Hello Jason when you say "give the buyer more than just a name"....what are you referring to?
Warm wishes Michael

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.
 
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redemo

Established Member
Impact
1,735
Setup a basic Facebook and Twitter for domain as well. Then the buyer is receiving a digital asset beyond just a raw domain.

@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?
 

Jason Baudendistel

CEO Wibbets Inc
Impact
696
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.
@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?
@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?
 
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