Upon hearing the news that fellow domainer Adam Strong sold CamRoulette.com for $151,000 its previous owner could not believe he let it go for a mere $1,400 just a few weeks earlier.
It happens all the time.
In the domain business, there are no if’s and but’s that can take you to the next level. You have to learn to play things by instinct. You have to trust yourself and your own gut.
As I wrote earlier, to evaluate your portfolio’s worth you often have to “rent” some eyeballs other than your own. You have to let it be evaluated by trustworthy, serious people that can return valuable feedback about your domain collection.
Domains aren’t like stamps that you stack away inside a book. They are live entities that live and breathe technology, history and knowledge. They are meant to be used as pointers to content, as servers of entertainment or as beholders of information.
How much would you have bought a domain for, had you known it’d sell for $150k in the future?
How long would you have held a domain before you dropped it and someone else built a successful business on it, or flipped it for a lot of money?
These are questions you need to ask yourself, as a domainer, constantly. Domain sales hindsight is always 20/20 but it is of no benefit to you if no money hits your account.
One of the reasons I frequent domain sales forums is to see what’s on offer. I literally skim through hundreds of domain listings daily. Since the early 2000’s with DomainsBot and their pioneering newsletter, I developed the ability to run through a list of domains and identify the ones with potential. I did and still do the same task with lists from major sellers at several venues.
A few years back, I placed on sale a hand-registered domain for $69. Nobody bought it, although that sales thread generated a lot of interest and a few sales of other domains. Times were different, but I was not discouraged. Last week, it was sold on Sedo for over $5,000. It was a domain I held onto for several years, knowing what it’s worth.
The idea is to develop the skills of domain vision and be independent of the usual white noise that wants to dictate how a domain’s worth is determined.
Above all, you need to believe in yourself.
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Great post Theo.
“Believe in yourself”. Truly one of the most defining characteristics of successful people making a difference in the world.
Certainly words to live by. Thank you for the reminder.
I Believe in God. On my own I get nowhere.
Just to clarify that first comment is not by me.
There are far too many factors that play in to success.
That is why you *never* EVER sell to another domainer. 🙂 End-user sales for me only please, thank you.