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What Is The Biggest Mistake You Did ?

Located in General Domain Discussion started by grigio, Nov 2, 2009.

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  1. grigio

    grigio Upgraded Member Gold Account

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    Hey Everyone !

    What mistakes you did when you enter the domaining industry ???

    For all the newbies and the veteran's, please tell me your mistakes !

    We can only learn from this...

    Everybody made mistakes, Share it with us and don't let other newbies or people, to make the same mistakes.

    I will start -

    1. I did some cybersquatting when I just started, I registered a lot of trademarks and celebrity names.
    Please consult a lawyer or find information about that issue, don't do the same mistakes i did.

    Please put your mistakes, so we can all learn from them.
     
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  2. TheBaldOne

    TheBaldOne Top Member VIP ★★★★★★★★★★

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    I paid over US$10k to a 'professional' marketing consultant - the worst thing I ever did in this business. But it taught me a lot about what I can actually do myself at least to as good a standard as most of these 'professionals'.

    The second worst mistake I made was not developing the domains into sites - something again I have learned to do, a site will earn far more money than a parked domain and it can become much more valuable.

    The third mistake, but perhaps the one that still irritates me, was forming a partnership with someone else who it turned out did just about nothing but was entitled to a cut of my sales. I guess this is personal, but then again it is all part of the learning curve.
     
  3. yilduz

    yilduz Your face is regfee!

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    .info

    This was definitely my biggest mistake. I never should have created this extension registered so many of them. It was definitely the cause of one of my biggest discouragements.

    I'd have to say the root of the mistake was not doing research before I dove into domaining. I would definitely be a lot happier if I had.
     
  4. coltter

    coltter Established Member

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    hmm, my biggest mistake probably is registered a trademark domain against botw.org, WTH!
     
  5. Domain Jedi

    Domain Jedi Established Member

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    I sold a keyword .com with no reserve (having put complete faith in my broker) and lost my pants on the transaction.

    I have attempted to buried this memory. Thanks for the reminder. :)
     
  6. obiwankenobi

    obiwankenobi New Member

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  7. cmason

    cmason Member VIP

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    Amen to that!

    GoDaddy's Premium Listing recommendations screwed me big-time! At the time, I figured those were somewhat accurate evaluations, but soon realized (after about 50 purchases of similar domains) that those were just auto-genned and inflated recommendations.

    I thought that I was different from the rest and figured that the NP recommendations of "read this forum and follow sales for a month BEFORE making any purchases" applied to all newbies but me. This was actually fantastic advice!
     
  8. I wasted too much money in MLM business
     
  9. VURG

    VURG VURG VIP ★★★★★★★★★★

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    Keeping secrets from the wife was very stupid.

    One of my worst decisions was to buy domains that I didn't want to keep to make other similar domains seem more rare. If you don't want the domains, don't expect somebody else too.
     
  10. ComKid

    ComKid Established Member

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    This is an excellent thread btw....and the question is tough! I have learned from many mistakes but the one that cost me the most on the backside was when I registered a hyphenated .com domain name that was the same keywords as a .com I was in negotiations on for a possible high $x,xxx sale. I recieved an ok on the final settlement price and then they came back the next day and had noticed I registered the hyphenated name, whilst in negotiations for the other name they had agreed to buy. They thought that was being underhanded somehow and backed out of the deal. I didn't lose anything really but I was in high hopes the sale would be the biggest sale for me yet! And the money would have helped big time. Oh well, ....Here's to %%- ! ........:'(

    On the other hand though..... if I had not registered the hyphenated name...they may have just used that name instead to save $. ;) I may have made the right choice on this because now I have an idea how much liquidity the domain they wanted has.......and I have the hyphenated version! :laugh:
     
    Last edited: Nov 2, 2009
  11. Compassion

    Compassion Let's do business together. PRO Gold Account VIP ★★★★★★★★★★

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    trusting nicedomains
     
  12. grigio

    grigio Upgraded Member Gold Account

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    I Want To Add Another Mistake !

    Let me add another mistake to the collection !

    I didn't check for coupons , so i register my first 100 domains in full price... :(
     
  13. dotker

    dotker Established Member

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    it happened twice in just a week.. i overslept an auction i was saving for, it was a really good name & sale imho.
     
  14. john_karr

    john_karr Established Member ★★★★★★★★★★

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    Reg sh*tty names!




     
  15. DomainMOD

    DomainMOD Established Member Trusted Contest Holder ★★★★★★★★★★

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    Registering too many catchy, brandable names that have little resale value (unless the buyer has the exact same vision), even though in the back of my mind I knew I didn't have the time to develop all of them.
     
  16. MicroGuy

    MicroGuy Miembro Especial VIP ★★★★★★★★★★

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    I think the biggest mistake anyone could ever make in domaining would be to listen to anything that guy with the John Holmes avatar has to say. IMO.
     
  17. snoop

    snoop Member. VIP

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    Registered 10-15 "brandable" domains.
     
  18. Luvdomainz

    Luvdomainz Established Member

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    registered waaaaaaaaaaay too many .mobis!! got no where,so just let them all expire, but a few
     
  19. jdenwar

    jdenwar Denwar, James Denwar VIP

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    My mistake:


    Registered a lot of DILF domains...

    At one time i used to own 1762 domains (631 .com domains and 850 .info domains)

    Most of them were rubbish and TMed...which i have been dropping these days.

    Now i own 621 domains only.... which is 35% of my total domains..

    -jd
     
  20. Steven

    Steven Top Member VIP ★★★★★★★★★★

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    Got caught in some of the domain hypes without doing my own due diligence.
     
  21. dotker

    dotker Established Member

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    i think regging sh*tty names have happend to most or 99% of the domainers.. :P imperfection & mistakes are always a part of business and even life.

    come on guys, dont say you didnt reg any sh*tty names? :P
     
  22. ssamriga

    ssamriga Member VIP

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    My mistakes were:
    1. handregistering useless names without learning anything about domain values
    2. not knowing there are coupons for cheaper registrations
     
  23. nomak

    nomak Established Member

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    I've put up a good domain for auction @Sedo no reserve, I was expecting it to sell for more than it did.
    IMO, Auctioning @Sedo is not the way to go with good domain names. It's like selling cucumbers to the gardener.
     
  24. snoopinc

    snoopinc Established Member ★★★★★★★★★★

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    I registered 2 .asia domains. That was a waste of money. I let both expire B-)
     
  25. ComKid

    ComKid Established Member

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    How could you do such a thing!! D-: lol
     

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