Most people assume that just because you’re “good with money”, you’re automatically in a good position to make money actively doing lots and lots of things which require years of experience at the same time: if you’re a good domainer, you’re a good stock trader, a good forex trader and the list could go on and on.
Archive | Domaining Tips
Distractions = Bad Deals
Posted on 25 March 2013 by Andrei
Most of us don’t have to *go* to work each day, most of us don’t have to answer to a boss (since, well, we are the boss)… so you’d think that for people who earn a living online, time management is a piece of cake.
Is that true?
Is Envy a Good or Bad Thing?
Posted on 24 March 2013 by Andrei
There’s (almost) always someone who achieved better results, has better domains, you name it.
Envy is perfectly natural because none of us are robots.
But is it a good or bad thing?
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Calculated vs. Foolish Risks
Posted on 22 March 2013 by Andrei
Domains are what investors refer to as “risk assets”.
In other words, your returns can be very high but you’re also risking more than with other types of investments, since liquidity-related issues and other aspects contribute to this.
There’s absolutely nothing wrong with that in my opinion.
Should You Accept All/Most Solid Offers?
Posted on 21 March 2013 by Andrei
The truth is, there are no “one size fits all” answers to this question.
On the one hand, it’s very likely that for most domains (I am of course excluding super premiums from the equation), you will probably not receive better end user offers in the future.
Therefore, a lot of people are flexible for this reason and as long as the sale generates a good return on their investment, it’s all good. They recoup their investment, use the profits to replace their inventory and move on.
Should You Educate End Users?
Posted on 20 March 2013 by Andrei
From mom and pop shop owners to huge corporation CEOs, a lot of people still don’t understand why buying a solid domain is one of the best investments you could possibly make.
Should you educate them?
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Is Bargain Hunting Worth It?
Posted on 19 March 2013 by Andrei
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Stock Market vs. Domain Market?
Posted on 18 March 2013 by Andrei
I always find it amusing whenever I come across someone writing about the fact that he wants to become a stock trader and “trade the news”… little does he know that by the time he reads a headline, other players are already knew about it and acted accordingly.
In other words, he’s a harmless little fish surrounded by sharks.
I’m a Cheap Bastard
Posted on 14 March 2013 by Andrei
… and proud of it š
As domainers and I’d say as investors in general, cheap bastards have an advantage in my opinion: their ability to say “no” when it comes to irrational capital allocation temptations.
Can Domainers Make Money Without Investing Time?
Posted on 13 March 2013 by Andrei
… yes, they can.
But they’re not going to achieve optimal results, which is not necessarily always a bad thing.
Let’s assume someone blindly bought 30 LLL dot coms in 2003 and simply kept them for 10 years. That person probably overpaid on most occasions but still, his investment generated an excellent return.
In my opinion, that will also be the case if you buy 30 LLL dot coms now and keep them for 10 years.
