NameSilo

Treating New Domainers Well

Labeled as discuss in General Domain Discussion started by Internet.Domains, Dec 26, 2018.

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  1. Internet.Domains

    Internet.Domains Active Member VIP

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    Something that has always concerned me in this industry is the way new domain investors are often treated. New investors are notorious for making mistakes, such as asking naive questions, registering TM's etc. Those mistakes or naive questions are often exploited with disparaging comments instead of educating them properly.

    New investors are extremely important to the domain investor community. They bring money to increase the market size and knowledge in many industries that when compounded helps our domain investments. (I realize some think that domaining should stay small, but that's nonsense)

    Going forward into 2019, let's collectively be more hospitable and educate those new to investing with respect, dignity and integrity.

    You never know, maybe that new investor will buy some of your domains.
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. bmugford

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

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    I don't see too many new investors treated badly, unless they have an attitude problem.
    If you are new to the game and act like you know it all you will get push back.

    If you are here legitimately trying to learn there are many people willing to help.

    Brad
     
  3. Internet.Domains

    Internet.Domains Active Member VIP

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    Your absolutely correct, there are many who help. In fact undoubtedly, MOST do.

    However, there are many situations where the normal does not apply. I could give examples, but I would rather not perpetuate the problem.
     
  4. NameSplice

    NameSplice Established Member

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    I'm still new myself but I've seen a good bit of new investors enter the forum since I've started and alot of the questions that are asked have been answered numerous times.
    I would suggest (which I do) is if you have a question use the search bar. The answer to the question most likely lies within the forum somewhere. If not ask away and I'm sure someone will be glad to help.
     
  5. Internet.Domains

    Internet.Domains Active Member VIP

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    Agreed, the same questions have been asked and answered many times. In fact, those are the questions that need the most discipline in the answers.
     
  6. golan

    golan Leo.Domains Gold Account VIP

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    Let them ask at least their most stupid questions in the Beginners section. It's highly annoying when you see the same stupid questions all over a half of the daily post line.

    By "stupid" i mean questions that would never appear if the newbie bothered to spend even 10 minutes of his precious time to slightly search in the forum.

    Also,
    Exactly!

    [​IMG]
     
  7. NameSplice

    NameSplice Established Member

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    We live in a world of different personalities and I don't think that will change. It is what it is.

    But I do agree in treating others well
     
  8. sircc

    sircc Established Member ★★★★★★★★★★

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    You guys seem to be forgetting one very small factor. These 'new investors', as you call them, are not our partners, they're our competitors.

    Anyone who doesn't understand this principle, is just kidding himself. All the knowledge needed to succeed in this industry is within these pages, there's no need for hand holding.
     
  9. BaileyUK

    BaileyUK Established Member

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    These days a lot of newbies (Not all) think they have cracked-it, the moment they enter the domaining world, and usually after their first half-a-dozen registrations. These domainers? tend to be seeking reassurance rather than advice. Then word their query in some advice seeking way. ie, how do I sell such-and-such ?.

    I'm going to disagree with you regarding being disrespectful, It's normally the 'Newbie' that comes back with an off the handle justification for their purchase's and flippant counter response. I as much as anyone appreciate reading the genuine thanks offered when a question is asked succinctly and subsequently answered equally well.

    The real culprit is these $1 domain registration offers. Lets face it pre-1998 the $79 dollar (a hell of a lot back then) cost of a single years registration made the buyer view his purchase as a genuine investment and carry-out the necessary acts of due diligence etc. Even at $10 to $15 a pop there still has to be a level of control exercised (unless you want to see your months worth of beer money disappear in a night)

    Unfortunately a lot of 'Newbies' aren't domain investors they are wannabe get-rich quick kids that think nothing of plying $20 into 20 imaginary 'Unusable' domains then be reassured that they are a 'Player'

    On the opposite side I for one know bugger all about Gambling, in the rare instances I've ever been in a casino I lose every dollar/pound usually within 20 minutes. perhaps I should also ask a Casino board - Why is this ?? In the expectation to turn it into thousands on the next visit.

    just a thought - but perhaps an across the board repricing of all domain registrations at say $50 a year wouldn't be a bad idea, additional profits supporting genuine marketing support (Build etc). It would certainly bring a more stable investment strategy back to the fore, with questions just as relevant - bit like the ol'days
     
    Last edited: Dec 27, 2018
  10. stub

    stub Top Member PRO VIP ★★★★★★★★★★

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    @BaileyUK - You can almost get $50 domains at NetSol and at a lot of NGTLD's. Where you can try this out. If you want to pursue this strategy ;)
     
  11. wwwweb

    wwwweb Top Member VIP

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    The issue with many newbies entering today is they see all these stories of $10 domain sells for $1M etc... or they go over to godaddy and buy a $10 domain with a $2000 valuation, and think they can come give it away for $500 here as a bargain.

    This is not a quick money industry, if anything it is a cash cow, you used to be able to get deals, or get the odd one that nobody saw, not anymore, if you miss it, huge domains will grab it, and so on with no restriction to marketplaces, as godaddy used to be pretty grass roots investors, now it is an institutional script bot.

    Take namepros for example you have guys listing GTLD's with $3M asking prices, more than the entire extension cost in itself. I think you are going to get the good, the bad, and the ugly online, just like you get anywhere on the streets. Nobody needs to sugar coat it, maybe if someone puts the effects of a TM, and why Google is not a generic term, and not to register those domains in a more blunt form, it might be a good thing. We have all seen the threads where someone thinks they just came up with a hand reg to a billion dollar Google segment, with the keyword Google, and they will sell it to Google for $1M at such a bargain price, given how large of a company they are it would be a no brainer.

    Anways, this is a tough industry, nothing comes easy, and you need lots of capital, and everyone is fighting you for the same domains, so maybe you might come across some grumpy domainers who are sick of newbies front running, overpaying based on over hyped sales they have heard of, or high automated valuations they have received.
     
  12. bmugford

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

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    I agree with a lot of your points. A higher initial cost certainly yields a higher quality portfolio.
    Most domains are available for a reason. They are not worth $15, $10, or even $1. They just become renewal liabilities.

    My portfolio started growing in quality when I started using NameJet/SnapNames years ago.
    It sets a higher bar when a domain is worth at least a backorder fee ($50 - $70).

    It is very easy to go down the path of "Oh, this is good for cheap" but then you end up with a portfolio full of liabilities more than assets.

    Brad
     
    Last edited: Dec 27, 2018
  13. MrAcidic

    MrAcidic Upgraded Member Gold Account VIP

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    "You can defer to people you do not respect, and respect people to whom you do not defer"
     

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