poll What personality type would make a great domainer?

[abstractdomainer]

What kind of personality type would make a great domainer in the long run?

 

[blogspotter]

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.

 

[redemo]

consistency

Obsession
Simple things repeated consistently ( checking sold domain names every day )
Detail oriented ( noticing features of a domain name which consistently sell )
Restraint ( not registering the majority of impulse buys )
Long-term thinking ( would you register this domain name for ten years ? )
Meticulous ( time management, project management, careful administration)
Lone-wolf attitude ( observe everyone else from afar and make your own decisions )

 

[redemo]

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.

 

[blogspotter]

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.

If I were you I would move away from the domain development or domain first mindset.



Think about it?
Would you spend your time and resources (being that you have limited of both) on a website/niche that will give you the best value of your time, or would you spend the time on a project because you happen to have a domain name in that Niche.

That is the difference between domain first approach and a Niche first approach.


Your main criteria should be:
Do I have the skills or access to resources to create content better than those are in the top 10 serp in this niche?
Do I have the skills or access to other traffic sources that will convert profitably in this niche?
What kind of links do the top 10 competitors in this Niche have and can I acquire similar or better links?
Will I be able to be an authority in this Niche?
Will I get bored of this Niche (very important)
Is there money in niche.

Is there a better Niche where I would rather spend my limited time and resources on etc

When you start with a Domain, you don't check any of the boxes above and are set up to Not to succeed, most of the time. You will also be too invested in the domain and start to think you can do it. Not that you won't make any money, but then it depends on how you value your time.

 

[karmaco]

To get even more rudimentary, without a great grasp of English language and proper placement of English words you are doomed from the start.

 

[whoevencares]

What kind of personality type would make a great domainer in the long run?

 

[domainer111]

Agreed on Asperger's, bipolar is probably also a help.

But above all: laziness!

 

[william]

If you play to your strengths, you can succeed with most of these personalities. For example, let's say you're only good in sales and talking to people - you can broker other people's domains, without having any of your own.

 

[postscripter]

Patience.

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

 

[DrJacoby]

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

Have you heard of Rick Schwartz? He's been holding many of his domains since the 90s and he's selling them for millions.

 

[postscripter]

Have you heard of Rick Schwartz? He's been holding many of his domains since the 90s and he's selling them for millions.

didn't know about him, thanks.

 

[redemo]

If I were you I would move away from the domain development ...... mindset.

Thanks but my bank balance disagrees

 

[iAdam]

Holding and patience... remember the story of the guy who bought two pizzas for 10 000 Bitcoins?

 

[Malnasi Bela]

Isn't The Researcher like an upgraded version of The Reader?

 

[Duncan-Dune]

A researcher with loads of money to experiment.

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.

 

[Sposeen1979]

Consistency is essential.The ability to read quickly (fast reader),Control the urge to register useless domain names for the purpose of wasting money (thinking that they are worth millions),Ability to evaluate oneself and Improved networking with mentors

 

[zomainhacks]

Don't know if it can be considered a personality trait, but I think that being curious is essential in this game. Enjoying reading and reasearching stuff, even uncorrelated with domains, is definitely useful IMO.

 

[maksimfa]

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.

 

[mubashirgodha]

What kind of personality type would make a great domainer in the long run?

Research

 

[HotKey]

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.

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.

 

[DomainNature]

I think such a domainer must be.

1. very patient
2. a risk taker
3. creative
4. daring
5. communicative
6. a good detective
7. workaholic
8. also he must abstain from sex

The last is a joke.

 

[maksimfa]

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.

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.

There is nothing wrong with being a "beta" personality. However those personalities are also not cut out for sales positions.

The people that most often succeed are those that go out there and create their own success.

Put it this way, when you register a domain, there is no personality questionnaire. There is also no questionnaire when you hit buy it now, or win an auction. Anyone can do that.

there are however strong personalities who consistently earn more, sell more. It's just how it is and why the 3 to 5 year retention in most sales positions is less than 5 to 10%. HOWEVER, once those people stay in the positions for more than 5... their retention shoots up to over 90%.

I PROMISE YOU.... the top people in this game, all have a go-getter personality, or at least know when to turn it on.
Yes, buying quality names, putting up quality landers and all those works... but the definition of success there is a very low turnover percentage anyway.

My point is, anyone with a go-getter mentality can take that same portfolio will have a LOT higher turnover, no matter the industry.