As of today, I’ll analyze some of the most common fallacies we come across in the domaining industry.
What’s a fallacy? It’s basically an argument that isn’t backed by sound logic or a logical error/mistake, if you will.
Today, I’ll put the “appeal to authority” fallacy under the microscope. As the name suggests, it’s basically the assumption that just because an authority (a popular person, someone who achieved great results and so on) has a certain opinion, that automatically makes it true.
It’s a logical error because instead of analyzing the argument, you’re blindly accepting it simply because it’s made by an authority.
“Domainer ABCD says that ten letter dot coms are a great investment with huge reseller market appreciation potential”, where “Domainer ABCD” is let’s say a very successful domainer.
Never accept an argument just because a very successful domainer has a certain opinion. Don’t analyze the person making that argument, analyze the argument.
In our case, the analysis isn’t all that complicated.
Have you ever heard of a liquid six letter dot com market?
LLLLLL dot coms are hardly liquid.
What about seven letter dot coms?
Eight letter dot coms?
Nine letter dot coms?
In that case, what’s the likelihood of 10 letter dot coms having reseller market appreciation potential?
Well, I don’t know about you guys but I’d rather draw a conclusion based on that thought process than accept a conclusion simply because it belongs to a successful domainer.
That domainer may very well be successful but that doesn’t automatically mean he’s always right.
Should people listen to what successful domainers have to say?
But pay attention to the way I phrased it.
Yes, listening to what successful domainers have to say makes sense (in fact, I’d say *not* listening to what these people have to say would be a mistake) but that doesn’t mean you should automatically accept/believe all arguments made by them.
Listen to their arguments, try to understand their perspective but draw your own conclusions.
Therein lies the distinction I wanted to point out today.
I’ll analyze some more logical fallacies in the future, hope you guys will find them interesting.