NameSilo

There's no money in domain names... this industry full of bullsh*t.

Located in General Domain Discussion, started by Premiums, Feb 9, 2018

Replies:
127
Views:
11,600

  1. MSN-Domains

    MSN-Domains Top Contributor PRO VIP

    Posts:
    795
    Likes Received:
    610
    @Premiums

    Find a good one word .ai and make your sale - AIblablabla.com is not worth chicken feed

    If you haven't read Peter Thiel book Zero to 1 you need to read it immediately > competition is your enemy!

    Competing with garbage can .com's or any other extension is most importantly not worth your time or secondly money

    The world is littered with excessive amounts of opportunity > Go where nobody else wants to go, in case you didn't hear me the first time competition is your enemy

    CrowdCare rebrands as Wysdom.AI, wins $8.5 mln more in VC
    https://www.pehub.com/canada/2017/10/crowdcare-rebrands-as/?via=indexdotco
     
    Last edited: Feb 11, 2018
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. MSN-Domains

    MSN-Domains Top Contributor PRO VIP

    Posts:
    795
    Likes Received:
    610
    @Premiums

    When you make enough wealth. You get the be the big bear who Sh**t's in the woods and call out google and say You have NO IDEA what you're doing.

    Incase you forgot already competition is your enemy!

     
    Last edited: Feb 11, 2018
  3. Premiums

    Premiums find.ventures

    Posts:
    2,156
    Likes Received:
    1,326
    It reminds me blackhatworld .com tips and tricks. I call it social engineering ..
     
  4. Premiums

    Premiums find.ventures

    Posts:
    2,156
    Likes Received:
    1,326
    @IMEZI
    and the buyer was revealed as a well known crypto brand, manufacturing hardware wallets...
    upload_2018-2-11_16-13-16.png
     
  5. rh2000

    rh2000 Established Member

    Posts:
    708
    Likes Received:
    967
    That is some serious patience.
     
  6. hookbox

    hookbox Top Contributor VIP

    Posts:
    2,435
    Likes Received:
    4,953
    There is no doubt a ton of bullshit in this industry. The key is learning to differentiate between the BS and the truth. First step is realizing its not a get rich quick scheme. Second step is putting domaining into some form of realistic expectations for yourself.

    1. Try to turn a small profit while reading reading and reading some more about domaining. Don't reg 100 useless names.
    2. Try to make enough to take your significant other to dinner.
    3. Try to make enough to pay your car payment.
    4. Try to make enough to pay your mortgage.
    5. Stay motivated and keep reading

    Approaching domaining with a baby steps attitude will not only keep you motivated but make you profitable. Nothing happens overnight so keep your expectations realistic and you will be fine.
     
  7. Al Cohol

    Al Cohol Established Member ★★★★★★★★★★

    Posts:
    162
    Likes Received:
    236
    It can feel like that sometimes. Domain investing is not something that most would dedicate the amount of time it takes to make it profitable.

    I've been "domaining" for the past 10 years and have gone through tremendous highs as well as equally soul-crushing lows. If it is fun and doesn't ruin your quality of life continue on, if the opposite just find another investment vehicle.

    Pretty cut and dry.
     
  8. anantj

    anantj Top Contributor VIP

    Posts:
    4,141
    Likes Received:
    3,952
    Redirects to ledger.fr for me
     
  9. PoliticalVII

    PoliticalVII Established Member

    Posts:
    142
    Likes Received:
    129
    Stop complaining, you are making us look bad.
     
  10. alcy

    alcy Top Contributor VIP

    Posts:
    17,886
    Likes Received:
    29,764
    I am sure @Nikul Sanghvi will be more than happy to clarify things for you. he's a helpful fellow who does not strike me as a cheat at all.
     
  11. cooljub

    cooljub Established Member

    Posts:
    570
    Likes Received:
    780
    True I think to a certain extent, but it's possible at least to get a general feel about what's a good name, and more importantly what isn't.
    Yes, I've found the replies are like names themselves - you have to realise which are the good ones!
     
  12. Acroplex

    Acroplex Top Member DomainGang.com PRO VIP ★★★★★★★★★★

    Posts:
    4,101
    Likes Received:
    2,205
  13. Nikul Sanghvi

    Nikul Sanghvi hypernames.co PRO VIP ICA Member

    Posts:
    228
    Likes Received:
    4,450
    As others have suggested in this thread, domaining isn't a simple or quick way to make money.
    There is a huge volume of public information and sales data available, and it can become confusing.

    Not all of the information is created equal and so we must make a constant effort to separate signal from noise. This is also true of almost every investment industry - equities, forex, crypto, etc. It's also useful to digest knowledge through your own lens and apply things in a way that fits you as an individual, whilst understand/avoiding the internal biases that affect every investor.

    There are many varied routes to profit in domaining. Whilst some doors have closed over the years (such as hand-regging killer one word .coms), other doors have opened. You can discover potential opportunities by reading, speaking to others, and analysing data from sales threads / namebio.
    You can then validate your discoveries through your own investments.

    Having said all of that, I fully empthaise with your situation. I had years of losses and almost gave up multiple times. I'd love to take full credit for the journey but I'm open to admitting that I've got lucky numerous times and this has given me some momentum.
    As domainers, our primary goal is to find domains that we think are undervalued, buy them and then resell them for profit. Easier said than done, because it takes time to understand what 'value' looks like. Even once you think you know, it's still possible to get it wrong. The learning curve is steep and can quickly consume time, money and emotional energy. Luck obviously plays a huge part - but your applied knowledge enhances the probability that positive outcomes can happen.

    This forum is proof that there is a community which is willing to help you find your own path - as long as you're being positive, polite and asking the right questions. Nobody has the perfect answers, because there aren't any. On occasion, the advice/feedback of others might not look right to you - and that's ok. Listen, filter, tweak your own decision framework and keep moving onwards.

    I try to share my experiences here openly - with high transparency and without agenda. I apologise if I've done or said anything to indicate otherwise. I always try to provide context alongside my sales posts, so that readers can understand that there is no magic or secret sauce. I can confirm that I have no affiliation with any registrar or registry. I have no mission or goals to coax anyone into doing anything. The only hat I have is made of wool and it keeps my head warm in the winter ;)
     
    Last edited: Feb 11, 2018
  14. alcy

    alcy Top Contributor VIP

    Posts:
    17,886
    Likes Received:
    29,764
    you hit the nail on the head... there is no magical formula. just a lot of learning from your own mistakes... I have not been doing this for long either, and am still recovering from the learning curve and mistakes I made when I started. but with perseverence, patience and time.. it became very clear to me what all those mistakes were, how to remedy them and how not to repeat them. once you are able to look at yoru progress from a distance, and see it going in positive forward direction, it's only a matter of time imo, before you compensate for past errors and losses with some positive choices and moves, and as result some profits down the road.

    obviously, unless you truly do want to stop domaining, complaining about the industry or your own progress, is not productive, and will not push you in the right direction. it is in fact, nothing more than a waste of time. for you and others.

    jmo

    all the best.
     
    Last edited: Feb 11, 2018
  15. Kate

    Kate Domainosaurus Rex VIP ★★★★★★★★★★

    Posts:
    21,116
    Likes Received:
    22,481
    If you wait long enough, maybe a .grapes TLD will be released one day.
    And then you can register that 4-letter word that describes your state of mind :)
     
  16. DOMAIN ILLUMINATI

    DOMAIN ILLUMINATI Owner of ▲ the most expensive domain of all time.

    Posts:
    6,817
    Likes Received:
    11,492
    There is money in domain names, 99 % of poor "domainers" (registrants) generating 1 % rich "domainers" (registries / registrars) - so maybe you are just on the wrong end?
     
    Last edited: Feb 12, 2018
  17. MapleDots

    MapleDots Account Closed (Requested) VIP

    Posts:
    5,681
    Likes Received:
    11,965
    Almost forgot

    NOT BULLSHIT

    In the words of Rick Schwartz..... Pigeon Shit :xf.laugh::xf.laugh::xf.laugh:

    Check it out....

    www.PigeonShitNames.com

    NAMEPROS filters sub the * for an i in the link
     
    Last edited: Feb 12, 2018
  18. Andrew Knox

    Andrew Knox Top Contributor VIP

    Posts:
    2,542
    Likes Received:
    1,178
  19. BrandMart

    BrandMart Randomhiker.com VIP

    Posts:
    1,664
    Likes Received:
    1,518
    @Premiums hold your spirits high buddy.. Not everyday is a Sunday, but when it comes, we get the BOOZE!! You'll get your awesome sale soon. Just keep it kicking!!

    Good luck!
     
  20. Kipa

    Kipa Established Member

    Posts:
    23
    Likes Received:
    8
    Buy high quality domain names at low price.
    set the right prices.
    Then patience to make end user sales.
    Expectancy and money
    just do not bind this investment business.
    get another job where you can earn a good income.

    Good luck
     
  21. yi

    yi Established Member ★★★★★★★★★★

    Posts:
    146
    Likes Received:
    4
    I agree with OP to some extent. There is no market (in my opinion) but other domainers :)

    Try to imagine you are a startupper, have very limited funding... Would you waste real money on some "premium" .com? I don't mean $xxx - low $xxxx. I'd rather spend on adverts or so...

    I've never considered myself a domainer but kept some I had as a "long term investment" (long term wastement in reality:)). Unfortunately I didn't buy COMs most of the time as there were no "good names" available back then (again, in my opinion, I didn't consider domainers market). I had some 4-letter COMs for example and dropped them before they gained reseller value. They weren't "good" for me, I hadn't seen who will ever use them (I always evaluated domain names imagining if I'll ever use it to develop a website).

    So, I'm fortunate enough to waste only relatively low $x,xxx for renewals, etc :) Most domainers wasted much more on .bizs, .infos, .mobis, ccTLDs and even .coms (that some of you believe to be "king").

    I disposed of most of my domains and am going to drop some more in near future (newTLDs, .BIZs, ccTLDs). I'll keep only about 10 one word domains that I'm going to develop (and they are not .COMs).
     
    Last edited: Feb 12, 2018
  22. bmugford

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

    Posts:
    9,776
    Likes Received:
    13,662
    Yes, without a doubt. There are few better one time investments a company can make than a quality domain name.

    You don't need a massive budget to buy a quality memorable domain. It is better to get your company started on the right foot than to play catch-up later.

    Brad
     
  23. brandboss

    brandboss Restricted (Market)

    Posts:
    322
    Likes Received:
    155
    hahahaha..
    Same situation i have faced when i started business domain because i have invested $$$ and all lost than i stop buying and focus on learning at here (NP) and after one month i buy some domains and make good profit. And mostly i sold my domains to enduser. Now i can say there's huge money in domains if you learn more and more.
    thanks!
     
  24. Kate

    Kate Domainosaurus Rex VIP ★★★★★★★★★★

    Posts:
    21,116
    Likes Received:
    22,481
    It's not just startups, established companies are domains buyers too. Either to upgrade their existing domain name, for rebranding or to complement their brand names.
    A startup that cannot afford to spend 2K on a domain name is not well funded at all. But if they don't want to spend money on a domain it's their choice. Actually, it's often justified not to. There are enough viable names available to be registered.
    Few names are selling for 6 figures or more, such sales are not representative at all. Most sales are probably around 2K or in that range.
    Good domain names are very affordable. Unless you want the very best of the best but again they represent a tiny segment of the business.
    Domainers have to keep expectations reasonable. Don't aim for 6 figures when you own regfee inventory. Be more realistic. Make smaller sales, but repeatedly. And then you reinvest and increase quality of the portfolio.
     
  25. yi

    yi Established Member ★★★★★★★★★★

    Posts:
    146
    Likes Received:
    4
    In my opinion, "good" (in domainers' opinion) domain name is much less useful than domainers believe. You cannot buy any really good domain name for $2k nowadays and you couldn't even 10 years ago. So, waste of money for any sturtup :)

    It's not profitable to sell for $xxx - low $xxxx unless you have a decent portfolio (that will definitely cost you more than reg.fee to acquire). Also you must like active sales (that I hate and never did) :)

    I'm not buying "air" any more, just shared my story :)
     
    Last edited: Feb 12, 2018

Want to reply or ask your own question?

It only takes a minute to sign up – and it's free!
NameWorth
  1. NamePros uses cookies and similar technologies. By using this site, you are agreeing to our privacy policy, terms, and use of cookies.
    Dismiss Notice
Loading...