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What kind of personality type would make a great domainer in the long run?
Obsessionconsistency
Very good post mate. One of my favourites. All I would like to add is " getting it " means to me that you understand there are multiple ways to monetise a domain name and you master at least one of them. Some people sell domains, other people lease domains, still others park domains, and a percentage also develop domains. It really makes not a difference which one you choose in the end so long as you master it to a point of being totally unreasonable and profitable. I choose developing domain names. Main reason because I tried selling and didn't have much success ( three sales total $ 1100 ). But I refused to accept defeat. I refused to accept the status quo. I refused to be dissuaded by all the people who tried to say developing isn't domaining or that developing is too difficult or takes to much time. I found the solutions through making a large amount of mistakes. I made time by dropping unproductive activities like gaming, television, parties with people I don't know, stopped saying yes to people who wanted things they can do on their own. I refused to be another money-losing sucker to the registrars because that's what most people are unfortunately. I think logical stubbornness is a major personality trait for a successful domainer.There are only two types of domainers.
Those who get it and those who don't.
Some people get it in a couple years, some take 3-4 years, but once they get it, they get it.
Some newbies don't get it, but it is only a matter of time if they are the type who will get it.
But then there are some who never get it. Even after years in the industry. Due to law of large numbers, and luck, they make a sale here and there, and with a lottery sale, they might even be in the green, but you will clearly see that they never got it, and never will, because they don't listen, learn, usually spread negativity, preach a lot, and have a portfolio full of duds..
Don't be disheartened. There are hundreds of domainers in the first category. You just need to keep learning. It is no rocket science. But it is like riding a bicycle. Once you get it, you will get it.
And once you get it, it is only a matter of scaling.
Very good post mate. One of my favourites. All I would like to add is " getting it " means to me that you understand there are multiple ways to monetise a domain name and you master at least one of them. Some people sell domains, other people lease domains, still others park domains, and a percentage also develop domains. It really makes not a difference which one you choose in the end so long as you master it to a point of being totally unreasonable and profitable. I choose developing domain names. Main reason because I tried selling and didn't have much success ( three sales total $ 1100 ). But I refused to accept defeat. I refused to accept the status quo. I refused to be dissuaded by all the people who tried to say developing isn't domaining or that developing is too difficult or takes to much time. I found the solutions through making a large amount of mistakes. I made time by dropping unproductive activities like gaming, television, parties with people I don't know, stopped saying yes to people who wanted things they can do on their own. I refused to be another money-losing sucker to the registrars because that's what most people are unfortunately. I think logical stubbornness is a major personality trait for a successful domainer.
What kind of personality type would make a great domainer in the long run?
so the best domainers you know, are the ones who have been trying to sell their domains names for years and still waiting with no sale? these are the most patient onesPatience.
Have you heard of Rick Schwartz? He's been holding many of his domains since the 90s and he's selling them for millions.so the best domainers you know, are the ones who have been trying to sell their domains names for years and still waiting with no sale? these are the most patient ones
didn't know about him, thanks.Have you heard of Rick Schwartz? He's been holding many of his domains since the 90s and he's selling them for millions.
Thanks but my bank balance disagreesIf I were you I would move away from the domain development ...... mindset.
I'm new to domain auction and yes, having an extra budget for experimentation is essential. We can't get it right the first time around.A researcher with loads of money to experiment.
ResearchWhat kind of personality type would make a great domainer in the long run?
It's nice to be crystal clear, pick up the phone, etc but seems to me this has nothing to do with social classifications like "alpha or betas" and everything to do with just what works for you. Some folks are great at outreach and research, others have their finger on pulse right from the get-go and let the domain sell itself.Just depends if you are an alpha or a beta. Alphas go out and market their investments and don’t sit on their butts waiting for someone to hopefully click and make an offer.
I NEVER buy a name unless I have a crystal clear realization of whom the ideal buyer is and how I find them… rather than wait for them to find you.
I know how to pick up the phone and whom to call.
Most people getting into domaining and posts like this are very much introverted, afraid to pick up the phone and end up having to buy 1,000 domains in order to have enough traffic to sell a couple per year.
You need to have some sales skills and networking skills. The rest can be learned.
In short as someone else posted here, you need to be an entrepreneur.
Actually it does. I have worked at big institutions employing thousands of sales people. I was both in those research studies as one of those sales people, and then in management, trying to hire them.It's nice to be crystal clear, pick up the phone, etc but seems to me this has nothing to do with social classifications like "alpha or betas" and everything to do with just what works for you. Some folks are great at outreach and research, others have their finger on pulse right from the get-go and let the domain sell itself.
I guess to me then, is knowing a level of risk tolerance but not afraid to push its boundaries. The two previous replies of consistency and curiosity I liked.