It’s a complex domaining world that we live in; many roles are interconnected, and quite often byzantine plots enrich its very foundations.
While anyone can proclaim to be a domain investor overnight, it takes years of hard work to set the foundation leading to success.
These days, the domaining microcosm involves buyers, sellers, domain brokers, domain sales venues and a range of in-between individuals with colorful roles in the process.
To better understand each function, one must effectively play that particular role on several occasions; you can’t be a successful seller without being a successful buyer, and you can’t be a successful buyer without being a successful broker of domains.
One of my favorite movies is “The Cook, the Thief, His Wife & Her Lover” – a bizarre concoction of how life’s different personalities infuse each other, compete against each other, and seek each other throughout life.
In the movie, friends become enemies, enemies turn into allies, and lovers back stab their object of obsession; it’s the same behavioral paradigm witnessed in every aspect of life, and domaining as well.
Success is measured by one’s ability to wear multiple hats, and to do so one must understand the mentality and business acumen of the person they are negotiating with.
By sticking to one role only, be it that of the buyer, or the seller, or the client, or the broker, won’t provide smart investors with experience in domaining – or life, in general.
Very well said, Acro.
It feels like it all about me. Each and every line was having a correlation with me.
And yes I would say that domaining also needs you to have plenty of deals to sharpen yourself.