discuss Why I failed with domaining .Thinking to quit

[priusdomains]

i had only one domain sold.i might be not suit for this methods. feel stressed.

 

[bmugford]

true. capital is important which is i donot have at the moment.

It's not a race. Maybe you will later.

There are always going to be opportunities.

New domains come on the market daily, in a never-ending cycle.

Brad

 

[maya-zir]

Unfortunately, your domains are worthless, especially the XYZ ones.

No one on this forum will tell you that, though, because the moderators are in cahoots with the registrar. There used to be someone named Swetha, who supposedly sold XYZ domains for prices ranging from $10K to $200K, but (s)he lies.

Ok, sometimes hype is necessary for the business, but Swetha comes to a domainers' forum and lies to everyone, and people still support her. The moderators ban me whenever I speak the truth.

A one-word XYZ domain might be worth something, and good two-word ones too, but not tens of thousands. But your XYZ domains are worthless. Don't trust the sale records and stats, part of sales is money laundering.

Focus on COM domains only

 

[priusdomains]

Unfortunately, your domains are worthless, especially the XYZ ones.

No one on this forum will tell you that, though, because the moderators are in cahoots with the registrar. There used to be someone named Swetha, who supposedly sold XYZ domains for prices ranging from $10K to $200K, but (s)he lies.

Ok, sometimes hype is necessary for the business, but Swetha comes to a domainers' forum and lies to everyone, and people still support her. The moderators ban me whenever I speak the truth.

A one-word XYZ domain might be worth something, and good two-word ones too, but not tens of thousands. But your XYZ domains are worthless. Don't trust the sale records and stats, part of sales is money laundering.

Focus on COM domains only

Thank you. Its great point.

 

[Recons.Com]

Luck does play a huge role for many in their start.

E.g. investor A buys 100 .com names, out of which just 20 are decent. He gets lucky and one of those (or two) sell and bring him mid $xxxx. So now he is encouraged, plus can buy more and learn by playing. Some, in this situation, make good use of it and advance in their learning curve, others just keep buying trash and still have to quit.

investor B buys 100 .coms, 80 decent (let's say the guy is talented, native English speaker, and has done some studying before buying). But the odds stack against him and none sell in 2 years, both putting him in $3k hole and demotivating him. So, he quits.

Basically, if I were to randomly split my 38000 .coms into 100 name buckets, some of those buckets would have 0 sales in 2 years, others would have 4, but they would all average out to 2 over the period. Same quality, same buyer bias (mine), same average age etc., yet, the buckets would differ. When you start small, it is a lottery which bucket you will get.

Now, to make it relevant to Op, without actually seeing your names it is hard to say if it was luck or you or both. Other factors to play role in: registrar, listed marketplaces, pricing etc.

 

[Grilled]

Interestingly, some domains I submitted to BrandBucket and SquadHelp were not accepted, but after they dropped, they got listed there.

If you prove an example of one or more of your brandbucket rejections later accepted by somebody else, I will give you a free brandbucket domain. I know this is a major issue at SquadHelp, but from my understanding over the last few years brandbucket has become very strict at accepting submissions they previously rejected.

If anyone can guide me with some steps to re-enter domaining more clearly, it would be greatly appreciated.

Margins, margins, margins!!! Say it with me now, M-A-R-G-A-I-N-S!

When your capital is low, and you're still in learning mode, the goal should be to never lose money, spend as little as you can, and hedge as much as possible. Make your money in the hard work/grind!

If you're registering domains for Atom premium... I hope you're submitting unregistered submissions using points, and/or using points to use the AI Tool that will refund your coin if they reject your unregistered submission that the AI tool deemed a strong brandable fit.

Spoiler: Disregard

If you're registering for BrandBucket... I hope you're submitting unregistered domains. Credits are $1 each, $100 for 110, or $100 for 120 credits if converting funds to credits from a BB sale or liquidation. The more you can maximize your margians, the better. Say 10% accepted (1 of 10) then you're only out 10 BB credits opposed to 10 .com reg fees. Once you get to a 20% accepted rate, and buying credits with your BB liquidation funds, your $100 for 120 credits should yield 24 accepted BB domains (roughly $4 per accepted domain) Your hedged profit will then be determined by (A) BB suggested price per domain which determines the BB liquidation value minus (B) the cost for registering 24 domains minus (C) the $100 you paid in BB fee's. If B = PorkBun $6.99 reg fee, + $5 in fee's per accepted domain = A BB Domain appraised at max $2,095 because that equates to a $10.95 liquidation value + 1 submission credit refunded. Another example is a domain appraised at max $2,995 = $15.95 liquidation value + 1 refunded submission credit. 20 accepted domains at an average of $2,995 = $319 liquidated. $319 - $100 in submission credits - $140 in reg fees = $79 profit** if they don't sell and you choose to liquidate them with BB. **profit would be $99 if domains were regged at Z.com instead of Porkbun

If you're registering domains, do your research to register as cheap as possible. If you want domainer friendly lots like Dynadot, if you want cheapest fast transfer right now PorkBun might be the cheapest now, if all you care about is the AUTH code consider following namePros Coupons and Offers section or TLDES.com to track the cheapest reg fee offers which currently looks to be Z.com at $5.96

I did this as a part time activity, but when I see some .xyz domains selling for huge amounts, I just think, I only need one .xyz sale (like Swethas Sales ) to live comfortably for the rest of my life in Sri Lanka.

I'm not an XYZ investor but it appears the current game is either win a nice .xyz at registrar expired auction so it comes with grandfathered regular renewal rate, or to play the reg for as cheap as possible game and hold/hope/pray/sing/dance that it sells in that first $0.99 year opposed to renewing for 10X+. If you never ask for a high price, you'll never sell for a high price. Similarly to renewal, domains held for 2+ years tend to sell more than domains held for 1 year, so try to be sure that you want to pay reg fee + renewal fee for domains that you don't see an obvious profitable liquidation at the end of year one. The reason why some domainers prefer .com > .xyWhatever is for the established consumer connection and wholesale channels that could return more than the initial reg fee or acquisition cost. The more ways you find to unload the domains you don't want to renew, the better your margains. This can be niche forums, private group chats, established network of people that buy the kind of names you sell, identifying and reaching out to multiple endusers... or common established .com wholesale channels such as Atom Wholesale Marketplace, or BrandBucket liquidation for reg fee type names. If the .xyz is good enough for SH premium, it may sell on SH wholesale marketplace or nP $20 or less Bargain Bin, or maybe an XYZ investor can provide a better answer. Better than reg fee acquisitions tend to wholesale for more than BB liquidation in the BB Slack channel, and probably in places like DNWE.com.

If you're not hedging your bets, you're gambling!

** Some will argue wholeselling is not worth the time or effort. That may be true depending on factors and strategy, but this exercise is about maximizing capital and minimizing risk in exchange for steady profit opposed to managing capital and maximizing risk in exchange for the big score.

 

[Adrigan]

Reading some of what you have said additionally, it seems like you may have fallen into the recent history delusion that many newbies fall into, which is that you read some spurious claims or beliefs by some anonymous or fake "experts" somewhere and who said something like ".xyz is on the rise" or some similar crap or that "ai is exploding".

Registering a domain name is ridiculously easy, and almost anyone on the internet can do it. This, by itself, should tell you, right there, that the chances of you coming up with a valuable domain/domains, against millions of other people who are all trying to do the exact same thing, all on a daily or regular basis, plus all the drop catch, expired domain alerts, etc., is extremely microscopic.

This is because the domain name game is much like a land grab/property business and once a good domain name is registered, it can't be registered again by someone else. Thus, over time the pool of names gets smaller and smaller and its been around 23-25 years since the dot com bubble and crash occurred.
Since then many people and newbies have been tinkering around at the edges of domain name formation and stupidly buying up names with non dot com extensions (because they believed some hype and lies) and the internet authorities, seeing that the pool of available dot com names has become smaller and smaller, came up with junk/stupid extensions so as to generate more revenue, but none of these new extensions are in popular/common usage and they never ever will be.

The only exception to that, I think, is .org, which is desired by organizations that are not companies/businesses as such so I think that extension has a valid place

The dot com extension is, and always has been the supreme king of extensions and it is waaaaaaaaaay ahead of all other extensions put together and by considerable distance. I would not recommend you waste any time or money with anything else, no matter who says otherwise as almost all of them are just junk.

As others have said, you need to spend time to understand the business you have chosen to focus on, which does not sound like you have done.
Its much like going into a boxing match and attempting to fight a boxer who you have no idea about - you will probably lose.

If something is easy to do (registering domain names) then there is nothing special about you registering junk like "aiwillchangetheworld.com" or "clickonmenow.com" or anyone else who does the same.

.xyz and .ai seem to have appealed to a lot of young Asian men, who all seem to be jumping onto the theoretical but delusional bandwagon that has been claimed exists, but which is promulgated and promoted by a group of similar people in a circular fashion, who all feed off each other, not realising what they are actually doing.

Its extremely difficult to come up with something special, in a mature market, populated by many millions of players, some of whom have been playing this game for many, many years. I am sure you searched for names that you thought were good and found they have already been registered. This happens to all of us.

The domain name market is a great place to lose unlimited amounts of money in and so unless you have millions that you can throw away for fun, I suggest you do what others have recommended here, especially the advice to look at your domains as if your were a buyer.

 

[nicenic]

Domain name investment is a challenging thing. Many people fail at the first try. You can summarize your experience and learn how to invest.

 

[alcy]

i had only one domain sold.i might be not suit for this methods. feel stressed.

bro u can't quit something u barely even started and learned. that's not called quiting.

 

[priusdomains]

Thank you very much for all of you. i just came back after long time.!!