Comments on: Lots of Cash, (Almost) No Experience – What to Do?

By: solo 401 k

solo 401 k — Sat, 07 Aug 2010 19:49:38 +0000

I do not think you, yourself are proper, have you actually looked at the facts?

By: Damon Wenkrik

Damon Wenkrik — Sun, 04 Jul 2010 23:58:58 +0000

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By: Chanda Angelica

Chanda Angelica — Wed, 09 Jun 2010 18:34:39 +0000

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By: Andrei

Andrei — Thu, 12 Nov 2009 12:46:48 +0000

@StanCharlotte: 1) When it comes to the 5% I’ve referred to, gathering data/gaining experience should be your #1 goal. The most valuable lessons are learned by putting your own money at risk, it would be great if we could gain experience without losing money but that’s unfortunately not how things work

2) At the beginning, I’d suggest selling a few names in order to let the market prove you right or wrong. The first domains you’ll buy will probably not be “buy and hold material”, I’m sure most domainers can’t help but laugh out loud when they remember the crap they spent money on back when they started out

3) Things are anything but predictable these days and I can assure you most of the calculations you make today will not be relevant let’s say this time next year. IMO, trial and error is where it’s at. Buy domains, sell domains and once you have some results under your belt, trust your instincts. Aside from that, don’t forget that common sense if your most powerful weapon. It would be great if we had more control over everything but we unfortunately just don’t and as a result, we have to take calculated risks.

By: Shane

Shane — Thu, 12 Nov 2009 00:21:01 +0000

The money burning a hole in my pocket is my biggest problem. I always feel like I need to get it working for me again instead thinking it out first

By: Nick

Nick — Wed, 11 Nov 2009 23:30:00 +0000

JT, this .info distribution seems pretty fishy to me. You have to pay $250 to submit an application and there will probably be thousands of applications for any domain on their list which is worth something. Only one person will win a domain out of all those applications. Seems fishy and I have a feeling that a few privileged individuals will get the best domains. And not because their plan to develop them was better.

By: J.T.

J.T. — Wed, 11 Nov 2009 23:03:20 +0000

I agree somewhat with what you’re saying, but keep in mind that there are going to be once in a lifetime opportunities coming up because Afilias is about to distribute generic terms under the .info suffix. This is due to the fact that they were registered illegally in 2001.

http://nametalent.com/blog/?p=1270

Having said that, I believe they should invest in these generic terms now before it’s too late.

By: StanCharlotte

StanCharlotte — Wed, 11 Nov 2009 21:02:57 +0000

Thanks for the responsive post, Andrei! I understand the education and patience parts of your post, but a couple other questions, please:

1. What are you suggesting one do with the 5% of “experiment money”? Buy less expensive names at auction?

2. For names one acquires, do you suggest simply buy & hold? Add AdWords? Do some simple development?

3. At current market rates, what could one expect for rate of cash flow from a domain that’s already been “optimized” for buy & hold? By “rate of cash flow”, I mean *net* cash flow divided by purchase price (e.g. 5%, 10%, 15%).

Thanks.

By: mTolbert

mTolbert — Wed, 11 Nov 2009 20:54:43 +0000

I had that same feeling you warned about, that I needed to buy everything until it’s too late and it cost me a lot of money spent where it shouldn’t have been. Sometimes I planned to spend a sum at an auction but found myself bidding until I ended up spending five times as much. That’s way more money than what I should have spent

By: Nick

Nick — Wed, 11 Nov 2009 20:20:11 +0000

Thanks for listening to my suggestion Andrei, I think it’s great that you give your visitors what they want. Literally! Great article and we can only hope that more and more offline businesses will bring a portion of their capital online.