advice Should you trust your gut?

[sameem701]

Hello everyone. Am getting to know more about this business by looking and reading through forums. But one question still haven't been answered. I have some domains to my name which are about to expire. Now the domains themselves don't represent high quality keywords neither are they short but my gut feeling says they might sell someday. I am divided between renewing or letting them go. I want to ask you all, how do you go about this? Do you trust your gut in these situations?

 

[AMRO1001]

If you have high level of spirituality or you gifted my nature, so your gut feeling work in different situations in your life or it worked with you before in domaining...then your gut might be efficient enough to trust it in domaining..( without risking too much)

 

[leopardini]

Then, yes, you can choose a domain name that moves your gut, but you have to be very good at selling a piece of shit for a masterpiece, to stay in the metaphor.

It's been a long day Patryx. Your Italian emblematic idea was worth waiting for. Perfect metaphor

 

[Altetra]

When I hand reg a domain I trust my gut not data, analytics or peoples opinions!!!
If I would share with you some worders (secret related), you would fall from your chair and break your neck!

 

[DediRock]

Trust your gut, but also check if the domains have potential based on traffic, trends, or interest. Research their value in marketplaces before renewing.

 

[Wesley S]

no, now its upset stomach. Move on.

 

[sameem701]

When I hand reg a domain I trust my gut not data, analytics or peoples opinions!!!
If I would share with you some worders (secret related), you would fall from your chair and break your neck!

Please do!

 

[Altetra]

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[Altetra]

There are cases when you should avoid trusting your gut, and that is when it is full of gas.

 

[disaac81]

Yes

 

[Patryx]

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What is that?

 

[HotKey]

What is that?

It's when your gut regurgitates an evening of 90's infused intelligence. Usually found on late night infomercials.

 

[Adrigan]

Because the human world has become increasingly complex, we need to be very clear when we are talking of things that are to do with our biology when referring to the digital space.

Gut in this context is obviously not the digestive aspect but what we usually refer to as instinct, and which is something that I do not think can be taught in the normally teachable ways.

But there is also another aspect that is sometimes confused with instinct when it is to do with people making choices/decisions and that is fantasy/imagination.
So the question of ”Do you trust your gut?” should be treated with caution because instinct can be mixed up/confused with fantasy/imagination and some people are not conscious of which one they are using when making choices/decisions.

Instinct appears to be more used/most useful when we have little to no facts and that we are dealing with a person or human situation in front of us. This could be for example, a job interview scenario, or a property rental/flatmate viewing and also, going on a date.

Fantasy/imagination seems to be more to do with future projections of “what could be” often with “If X,Y or Z” happened/were in place”.

With domain names, we have neither a purely person scenario nor a purely future projection scenario, but a modern Frankenstein of both scenarios.

So for me, the question as it relates to domaining has more to do with who is making the judgments rather than what the judgment is about. It is very easy for a domainer to get “carried away” with a fantasy of what they have formed in their mind about a domain name, given that many/most domainers are mostly at their computers/devices alone and might communicate with other domainers electronically, who are also alone at their computers/devices. There are also domainers who will not communicate with anyone about domains too.

Thus, being alone with an idea/fantasy can create a false/inappropriate sense of what is “a good idea” in addition to the person not realizing that this is actually going on. I realise this is not news to more mature minds on here but there will be young/younger domainers who are taking an interest in domain names and who may be unaware of the forces at play with registering domain names.

In addition, the atmosphere around the subject of domain names is akin to “gold rush mentality”, which was how it was described many years ago and I think it might still be described that way today in some places.

I remember during the late 1990s how almost every new company being formed had an “e” in front of its name or later an “i” and all of them hyped to insane levels. Only a few these companies still exist today.

My suggestion as to what to do about your names that are about to expire is to answer these questions for yourself:

1) Why did you register the name in the first place?

2) What kind of traffic has it attracted?

3) What other names exist that are similar to your name and do those other names have sites attached to them or are they just parked?

Try also to find sales of domains that are similar to the names you have and see what they have sold for and for how much.

The golden age of domain names is long over and so much more caution about renewing domains would be my suggestion, alongside much less excitement and hope about a name you have that is expiring.

 

[Wesley S]

ahhh, antacids and gas-x!

 

[Patryx]

Because the human world has become increasingly complex, we need to be very clear when we are talking of things that are to do with our biology when referring to the digital space.

Gut in this context is obviously not the digestive aspect but what we usually refer to as instinct, and which is something that I do not think can be taught in the normally teachable ways.

But there is also another aspect that is sometimes confused with instinct when it is to do with people making choices/decisions and that is fantasy/imagination.
So the question of ”Do you trust your gut?” should be treated with caution because instinct can be mixed up/confused with fantasy/imagination and some people are not conscious of which one they are using when making choices/decisions.

Instinct appears to be more used/most useful when we have little to no facts and that we are dealing with a person or human situation in front of us. This could be for example, a job interview scenario, or a property rental/flatmate viewing and also, going on a date.

Fantasy/imagination seems to be more to do with future projections of “what could be” often with “If X,Y or Z” happened/were in place”.

With domain names, we have neither a purely person scenario nor a purely future projection scenario, but a modern Frankenstein of both scenarios.

So for me, the question as it relates to domaining has more to do with who is making the judgments rather than what the judgment is about. It is very easy for a domainer to get “carried away” with a fantasy of what they have formed in their mind about a domain name, given that many/most domainers are mostly at their computers/devices alone and might communicate with other domainers electronically, who are also alone at their computers/devices. There are also domainers who will not communicate with anyone about domains too.

Thus, being alone with an idea/fantasy can create a false/inappropriate sense of what is “a good idea” in addition to the person not realizing that this is actually going on. I realise this is not news to more mature minds on here but there will be young/younger domainers who are taking an interest in domain names and who may be unaware of the forces at play with registering domain names.

In addition, the atmosphere around the subject of domain names is akin to “gold rush mentality”, which was how it was described many years ago and I think it might still be described that way today in some places.

I remember during the late 1990s how almost every new company being formed had an “e” in front of its name or later an “i” and all of them hyped to insane levels. Only a few these companies still exist today.

My suggestion as to what to do about your names that are about to expire is to answer these questions for yourself:

1) Why did you register the name in the first place?

2) What kind of traffic has it attracted?

3) What other names exist that are similar to your name and do those other names have sites attached to them or are they just parked?

Try also to find sales of domains that are similar to the names you have and see what they have sold for and for how much.

The golden age of domain names is long over and so much more caution about renewing domains would be my suggestion, alongside much less excitement and hope about a name you have that is expiring.

There are people here that spend a lot of time with data analysis and stats, maybe they smile reading the psychological analysis you did.
Even though I'm new in domaining, I also think the golden age has passed.
But whatever one says about names, there is always someone who says "I sold that type of domain".But the exception does not make the rule.
I own names that domainers would judge to be worthless... maybe, in fact, it certainly is so, but they were the ones that I could afford at the moment.
Yes, because the capacity of your wallet makes a big difference between selling and not selling.

 

[nicenic]

Hello everyone. Am getting to know more about this business by looking and reading through forums. But one question still haven't been answered. I have some domains to my name which are about to expire. Now the domains themselves don't represent high quality keywords neither are they short but my gut feeling says they might sell someday. I am divided between renewing or letting them go. I want to ask you all, how do you go about this? Do you trust your gut in these situations?

Hi, sameem701. If it's not a high quality domain name, I don't think there's much value in holding the investment, you can sell it or do some business with it, don't waste the use of the domain name. And don't trust intuition too much, rely on data.

 

[Jeff_Libert]

My mother used to say of my father "He's got a cast iron gut / stomach!"

Methinks that, if you think you're going to do well in this business based on your (magical) gut (feeling), you best have . . .

Wait for it . . .

A cast iron gut.

Otherwise, research, research, research . . and be an exceptional money and cash flow manager . . . and have a good crystal ball backed up by . . . research

 

[Andreas B.]

if you want to trade commercial (relevant) domains, data might be more important than your gut.

not all domains that are being sold are commercially relevant.

there are hobby developers, amateur entrepreneurs, or also wealthy individuals, that from time to time buy a bad (low-quality) domain,
or at least a domain from which you subjectively think it is bad.


So your gut damn feeling might say domain A is great,
but what gets sold is domain B.


This sales are being reflected in data;
data could bring you more insights, and therefore, maybe sharpen your gut feeling


...

 

[BritFlippa]

Try put them for sale at 100$ if they don't sell until expiration, then drop them, but anyway it depends on your exp in this field and how good is the domain.

Are any of the auctions worth looking at for the last couple of weeks before they expire?

 

[Adrigan]

Yes I do, but it takes years to create that 'gut feeling' that will point you in the right direction.

Although I am unaware of any research done on this topic, I don't think instinct can be created.
A further aspect is if everyone has instinct, whether it is apparent or latent, can it be augmented or fine tuned to serve its purpose better for the person?

Awareness of this tool within ourselves is necessary to fully utilise it, even though it might still be working without us realising it.

I remember becoming aware of my own instinct, when I made a decision in a particular area that turned out very well with two particular people, while other situations in the same space didn't turn out well at all.
Curious to understand this, I traced back my steps and what was surrounding the situation and then I came to see it was a feeling that I got when I was with the people of the successful experience.
I have used that "feeling guide" ever since and it's never let me down, because it can't, as giving its host bad/faulty info can lead its own demise.

I still back up my feeling with data, but I have learned to trust this instinct so much now that the data isn't as important as it once was for me.

 

[Adrigan]

peoples opinions

Opinions all have zero value and are never ever true so they can all be ignored, no matter the source or the content.