NameSilo

The domain name industry is large because most people drawn to it are so stupid.

Labeled as debate in General Domain Discussion, started by Super-Annuation, May 3, 2021

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  1. henrypcyeung

    henrypcyeung Established Member

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    Your example is a business from Hong Kong where prefers English for domain names. Businesses in China prefer to use Mandarin Chinese pinyin for domain names. Though Hong Kong is a part of China, their cultures are quite different.
     
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  2. Josytal

    Josytal Top Contributor VIP

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    RecoverData/com - decent name.
    35533/com - has a pattern.
    Nonetheless, always good to have divergent view, even if not popular. So you earn my "like".
     
  3. kam

    kam Top Member PRO VIP ★★★★★★★★★★

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    The 5N is just a speculative niche market created by China domain broker and related stakeholders. :xf.smile:
     
  4. Kassey Lee

    Kassey Lee China Domains VIP ★★★★★★★★★★

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    https://domainnamewire.com/2021/02/03/fortune-china-100-and-domain-opportunities/

    Language 2019
    English 44%
    Acronym 31%
    Pinyin 6%
    Numeric 0%
    Mixed 19%

    Speculative market.
     
    Last edited: May 4, 2021
  5. Elad n

    Elad n Top Contributor VIP

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    You all fell for a troll thread, just let it be.
     
  6. twiki

    twiki Top Contributor VIP Gold Account

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    I feel compelled now to list my primary rules for handregs:

    1) Always wonder why this domain isn't taken yet. Chances are there is a serious reason for that.

    2) Don't ever, ever fall in love with your names. Especially handregs.

    3) You need to understand your customer's preference and decisions, and mirror that in your buys. You earn when you buy = properly. It doesn't work the opposite way.

    You cannot push your worthless handregs to customers. The error is always in the buy.

    When someone reaches for their wallet to pay you, suddenly they're transformed in the best critics you can. They either go ahead, or stop right there. It's the magic moment of truth for your portfolio.
     
  7. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

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    This is exactly why I generally have no interest in hand regging .COM.

    You are talking about an extension with over 150 million registrations with heavy competition for anything halfway decent that expires or deletes.

    Domains are generally available to register for a reason.

    It is not like great domains are just sitting around for people to register, at least when it comes to making passive sales.

    Brad
     
  8. King

    King Investor & Creator VIP Gold Account

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    Are you mad because you're market restricted or?
     
  9. biggie

    biggie GreenFriendly.com VIP ★★★★★★★★★★

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    The domain name industry is large because most people drawn to it are so stupid.

    Hi

    i can see that,
    from the perspective of.... they are ignorant about what to do first, second and third, etc, etc, when they initially commit or start speculating on domain names.

    as many new entrants in the last few years, are drawn in by the headlines of big profits.

    they read some blogs, listen to podcast, watch videos, etc. and enter the game thinking it's quick, fast, easy money.
    so, they run to the bot tool, and register anything that gives them hope.
    next thing you see, are the posts where a newbie has "collected' a list of names, and now they need to sell fast.
    thinking somebody is just waiting to purchase their fresh-regged domains, at inflated prices.

    now that, may not be stupid, but it's very a naive` approach to any endeavor, and the gullible will surely either be mislead or follow a path down failure road.

    i think the OP started out with too much imagination, which cause them to acquire poor choices
    therefore, their expectations for a profitable ROI within their anticipated time frame, didn't happen.

    imo....




     
  10. lambo.com

    lambo.com ATRI.COM VIP

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    Essentially you are correct but your examples are flawed. Those domains have innate value, I dropped $10k+ on a godaddy auction recently myself and on 5N and two word .com, both solid categories.
     
    Last edited: May 4, 2021
  11. jhm

    jhm Glazed

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    Totally agree
     
  12. ThatNameGuy

    ThatNameGuy Restricted (15-30%) Gold Account

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    I actually agree with much of your analysis, but I continue to stick around because of all the stupid people not despite them. It's because they buy into the domainer drivel that gives me hope for doing domains my way:xf.smile: Do you know the expression "if you can't take the heat get out of the kitchen". I love the heat:xf.grin:
     
  13. Robin A.

    Robin A. Established Member

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    If these beginner domainers and their unjustified pricing drive you mad, then how do you feel about Dogecoin? A "joke" cryptocurrency, that cost $0.0002 last year and is now worth $0.40. Market cap is $57 Billion. Not all people and all markets behave logically.
     
  14. johnn

    johnn WeSellName.com PRO VIP ★★★★★★★★★★

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    The domain name industry is large because most people drawn to it are so stupid.

    What a statement!!!
    Do you mean all of us here are stupid including my wife?
    I will tell her and get ready to receive a long phone call from her. Good luck!
     
    Last edited: May 5, 2021
  15. Compassion

    Compassion Celebrate Life PRO Gold Account

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    Indeed

    [​IMG]
     
  16. The Durfer

    The Durfer Top Contributor VIP Gold Account

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    dont form a hard opinion yet, we all go thru different phases of domaining. You still have time to see the difference. Patience. :)
     
  17. Silentptnr

    Silentptnr Top Contributor VIP

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    Another "It couldn't be me, it must be because the industry is full of losers" threads.

    No, it was probably you. Either you underestimated the expense, the hold times, the work or something. You are more than likely saying this because you didn't get the results or return you wanted. And that's okay.

    Because you don't like what others register, buy or sell and their pricing....that's why you want to stop investing in domain names? Makes no sense to me. You could just quietly move away from investing. Really no need to broadcast your hostility.
     
    Last edited: May 5, 2021
  18. Cooldomainideas

    Cooldomainideas Upgraded Member Gold Account

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    The domain name industry is large because there is always going to be a new business that needs a website.
     
  19. domainventure

    domainventure Top Contributor VIP

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    Long long ago, one wise man said, we are who we are based on the set of choices we make.
    It's true in life.
    It's true in domaining.

    You make good choice / good domain picks, you get good results.
    You make poor choice / bad domain picks, the results are not that stellar
     
  20. Ariff BD

    Ariff BD Restricted (15-30%)

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    I am lucky that 90% of my initial less skilled hand reg domains are sold on at least registration price. So i always got to reinvest without making loss.
    My own investment was roughly 400$, but I already earned more than 3500$ including selling & brokering.
    My highest sale only 575 usd though,

    But The best part is I am sitting on some offer of 250$, 500$ , 750$ for my Two vc one .com
    And a 10000$ usd offer for my dot es domain.

    So even I sell the four, I will get around 12k usd, all hand registered.

    So ....
     
  21. twiki

    twiki Top Contributor VIP Gold Account

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    Great example of starting up in domaining - as one should, slow and focused on results. It reminds me very well of how I started. Although I incurred some loss initially but it was a planned one (traded some cash for learning faster).

    It doesn't matter that your highest sale is only 575. Most of my sales are still under that value, although I also sell some 4-figs here and there but not that frequently. As long as overall you make decent profit, that's all that matters.
     
    Last edited: May 6, 2021
  22. Ariff BD

    Ariff BD Restricted (15-30%)

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    thanks for your kind words.

    i saw you post many sales.
    May I know how long you have been started?
     
  23. twiki

    twiki Top Contributor VIP Gold Account

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    It's difficult to say exactly, cause I did a little domaining 15 years ago. But then I quit.

    More correctly, 3 years ago. Going well.
     
  24. NameBuyer.com

    NameBuyer.com Top Member PRO VIP Gold Account ★★★★★★★★★★

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    Uh, if you have any domains like RecoverData.com that you're "liquidating", you let me know. I am really stupid so I'll pay you $1k each for them.

    Seriously though, people get these domains with backlinks and know they'll make a certain dollar amount based on the stats below. I bought CarSound(.)com last year for $4,250 and with almost zero work it is #3 on google for "car sound". Other times, end users get in the auction as well. Before I got fully into domains, I ran a ceramics business online and purchased KitchenBacksplashes(.)com from GoDaddy auctions for my business and thought I got a great deal on it at $3,200 because I had hand-painted backsplashes that were selling weekly for $300-$500 each. So it all has to do with the buyer's intention and value. Some are already making a lot from similar businesses and/or names.
    upload_2021-5-6_12-49-8.png

    upload_2021-5-6_12-49-51.png
     
    Last edited: May 6, 2021
  25. Robin A.

    Robin A. Established Member

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    Domaining, like everything else, is a learning curve. A few years ago I hand-registered domains that I sold for $50 -$120 on Godaddy and Ebay. I tried to move to the next level and have 4-figure sales. Didn't manage with my brandables and my choice of names. Put domaining to rest for 2 years, then did the Dnacademy course and now I had a 5-figure sale and a 4-figure sale. Sitting at around 60 domains, receiving about 600 visitors to my efty landing pages per month, picking up. All following sales this year will be fully reinvested. Incapable to make money a few years ago, but with the course and the experience, it looks to be a promising 2021. I went from "f### this market" to $26k net profit this year.
     

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