I would like to hear your opinion and experience about domain investing because I am in the limbo
I have started domain investing last summer with a passion and action but I am losing my enthusiasm nowadays. I even launched a
website for domain investing and affiliate but to be honest I neither have time nor passion to interest with it.
The Key reasons
Selling domains are so hard.
Your mind gets occupied with names.
Finding a buyer is so hard.
I sold 2 domains until now. The good thing is this new area opened a new opportunities for me. I changed my job - I am in C level now - and I used some of domains for my marketing and affiliate projects.
But here’s the thing: I’m seriously considering putting a pause on acquiring new domains. I’ve kept it sane registered only 30 domains (no crazy hoarding here) but I’m realizing the time and energy might be better spent elsewhere.
What do you think guys?
The domain world now is considerably different to what it was when domain investing was new/underdeveloped around the late 1990s/early 2000s.
Anyone who is thinking of making money from domains cannot reasonably expect to register domains for a few $ and then make $100s or $1000s from selling them. This is 99.9999% fantasy world.
You and others still might be able to achieve that, but the chances of you doing that are microscopically tiny, not least because of the fact that there are many millions of people all trying to do the same thing.
Domain names are much like real estate world, and after all the best value homes have been snapped up, there is really nothing left but high priced homes, or speculation/high risk taking in areas that are in decline or where no-one really wants to live.
It is far more risky now to make money from domain names and the freely available names to register are junk, the ones that no-one else has thought of, or which other people have thought of but then decided "no, its not good enough".
Nowadays, the availability of a domain name should make you immediately stop your actions upon discovering a domain is available and to then ask yourself;
1. Is it really as good as you think?
2. Why is it available if it is as good as you think?
3. Are there other names that are similar and which have been registered? If so, are those names attached to real functioning websites or are they just parked? And how long have they been active or parked?
I would also recommend that you leave the name unregistered for 2-3 days and the come back to it and ask "Is it still as good as it seemed 2-3 days ago?"
The other world you can enter is buying names for 4 figure sums that you think you can sell on for 5 figs or more. This is a much harder and far more risky world to operate in as it requires a considerably bigger bank balance to finance domain purchases and then keeping all that money locked up in a bunch of names until they sell,
if they sell.
What you choose to do is of course upto you, but you need to be realistic of the world you have been engaging in and what choices you have.
A word of advice:
Its best to just stick with .com names only, unless you have particular knowledge from a ccTLD. Avoid all the other extensions and don't be swayed by anyone who claims some extension "is booming", or its going to "explode" and that "its best to get in on the ground floor now".
Getting in on the ground floor, or even just before, can prove to be very financially beneficial for someone, but only if that opportunity ends up being successful. And the history of opportunities shows that there are many millions of ground floor opportunities that failed than those which have succeeded, so keep that in mind.
It's no accident that claimed ground floor opportunities are peddled/promoted to a wide range of people and that in and of itself, is a big red flag not to be ignored.
