question What is your biggest mistake in Domaining

[jamaltq]

Hello Guys
As in title.
For me, It is the investing in 5L.com Chips.

 

[Ngoc Pham]

same owner of this thread, biggest mistake is investing in 5l.com chips!

 

[Maestro88]

My biggest buying mistake is probably buying a few 5n .info domains, but literally only about 5(as I said, only low level domaining!)

Also wish I'd learnt more about selling beforehand, I look on namebio and see some questionable names going for XXX/XXXX - I suppose thats what keeps us all going! But how to get there...

M88

 

[RU]

I regret that i sold too cheap R E G I S T R Y . C O M P A N Y

 

[Kingslayer]

I’ve only been going a year so don’t regret too much, I’ve think I’ve done good in my aftermarket buys.

Regrets I probably do have is not taking an opportunity when I had chance, a couple of times I’ve had the chance to buy a very good domain and I stalled buying it and that opportunity never arose again – But saying that better opportunities came up 1 or 2 months later, which I did buy and may have never bought if I bought the others previous.

There’s been 1 or 2 times when I’ve tried to buy a name and I think to myself now ‘I’m so glad they turned down my offer’ I remember bidding $4000 on this 1 domain (when I was a little more inexperienced) and the owner turned it down and so glad they did looking back at it now, very good keyword but the domain never made sense, $4000 they should have snatched my hand off.

 

[skyz21]

Biggest mistake so far was getting caught up in the CHIP craze and overpaying for a 4L .com containing a V. Didn't realize this made it non premium. Lesson learnt.

 

[Bernard93]

quantity instead of quality

Agreed, nowadays I would always focus on 1 quality domain rather than 10 crappy domains.

 

[Smart Niche Sites]

Regging without doing proper research. I've registered a domain in the past that had a tonne of spammy links pointing too it.

 

[james haw]

New people need to get it through their heads that it is just like any other investment.. LEARN about it before investing...

Agreed, but with domaining people can spend low and try to sell fast, it is very attractive, as opposed to stocks and shares or whatever, which everyone knows is a pros game right? Domaining is the same, but because you can reg for $5 or a little more people get their creative juices flowing thinking of getting rich quick (who can blame them).

 

[james haw]

Please can you put me thru on how to get good DN, this has always being my major problem. What do you use in searching for a good DN because going by what you said about reg $9 DN and reselling at $65 makes a lot of sense to me

How do u search for domains, I would be grateful if you can throw some lights on what you do to make sure that you sell at least 10% of your inventory. I have 9 that are about to expire now.
I even thought of giving them out for just $50 if i see anyone interested in them
TECHNICALDEGREEONLINE.COM
MANPOLO.COM
MUTUALHOMELOAN.COM
SUMMARYGAME.COM
3HOUD.COM
AGIC.CO
FUMCOP.COM
PLACEOFSTONES.COM
ITSOREGON.COM

Can u give me an example of the strategy u use cos i all i do is buy contact endusers and list them, that is all and if no one replies, i pray it sells at listing

The info is already out there for your level. You just need to spend the time reading this forum and other domain blogs and video channels. No-one can give you one sentence or paragraph that will send you on your way to making money. It's something you have to learn, over time, with a lot of work and effort.

The names you listed are not really worth anything to be brutally honest, sorry.
Good luck

 

[Constantin S]

I wouldn't call it a BIG mistake because I've only lost about $200, investing in non-chip .net's...but well I belive I'll get most of my money back even though they are expiring soon.

 

[Addison]

Selling too low and trying to sell too high. Notice the paradox?

(Follow-up to my previous post.)

 

[elevator]

Judging by what I'm reading around. most domainers
are after big money... and their account is always in red
between sold and renewal.
Please, allow me to suggest you something you can solve
that problem.
If you think out of the box, you can buy a $9.00 DN and
turn around and sell it for $65.00. Obviously, you may do better.
Let's do the numbers:
$65 - 9 ÷ 9 = 622.2222% Gross Profit meaning $56.00.
In what another kind of selling transaction could you do that
gross profit? Go ahead, I'm listening... which one?
Dedicate part of your working time and try it without giving up.
The distance between you and your goal is call Action.

Well! It seems good idea, but by the time your domain sold by the buyer for higher price in the next two to five years,. I know you will be shocked and feel sad to see it sold as such wonderful time period which have occurred many times.

 

[elevator]

Every domain was "hand registered" at some point. My first sale was a "hand registered" name for $8,000. That was in 2000. There are a lot of excellent opportunities with the new generic domains to "hand register" some nice ones.

especially, brandables if one knows how to make come up with it.

 

[SpongyBob]

Taking a break from domaining and dropping my 4 letter .com domains.

Misspell the domain name, it is costly and time consuming

Never actually done that, but it's always been a fear. Always get slightly nervous when doing a reg, even if I rarely do them these days. Check, double check, check on google it's spelled right, check once more.

 

[Bernard93]

The info is already out there for your level. You just need to spend the time reading this forum and other domain blogs and video channels. No-one can give you one sentence or paragraph that will send you on your way to making money. It's something you have to learn, over time, with a lot of work and effort.

The names you listed are not really worth anything to be brutally honest, sorry.
Good luck

I would have to agree with this.