What happens when one makes hasty decisions under the introduction of artificial pressure? They cave in to the pressure – something that they regret later on.
The truth is, speculation of the markets is not by itself an indication of direction. But let me be clear here: life is not all about prediction of direction, it’s about insurance against extreme volatility.
I wrote about it: define an exit strategy – an exit plan that will kick in when certain unfavorable conditions are met.
But should you panic?
Nowadays, there is a lot of doom and gloom regarding domaining, and it permeates through the usual social network channels. While some of it comes from sources with a solid background in the markets, there is a lot of “drunk commentary” that is simply written for impression and for stirring sheer controversy.
It’s about the ratings, baby: Some of it, advises you to invest in gold, futures and real estate instead of humble domaining. Others, suggest that you should carry on with your domainer plans, all while retaining an ever-raining and ever-thundering dark cloud above your head. Recession. Financial depression. Personal compression.
I say, fuck this – and I rarely drop the F-bomb in public. But enough is enough.
Life is not about order, it’s about anarchy. The universe thrives on chaos and disorder and if you thought you, yourself, are too small and unimportant you’re probably right. Nobody will listen to your pleas and very few will listen to your ideas.
However, there is hope: learn to block out all white noise that attempts to bring you down. By all means involve constructive criticism in your daily plans of evolving your business. Those that negate you and want to turn you into a lemming, fuck them.
So is the domain sky truly falling?
I don’t know really, but take a look at the Domainfest results of today. More than $2 million in sales means one thing: domaining is alive and kicking.
What else does it say?
Find end user buyers. The money is not in the domain flipping game. In fact, I am personally known for picking up domains that you flipped for under $100 and selling them for thousands of dollars. I’ve done that again and again, because I didn’t listen to the doom and gloom crap.
That’s your strategy. Focus on your own success. And fuck them.
“I am personally known for picking up domains that you flipped for under $100 and selling them for thousands of dollars. I’ve done that again and again, because I didn’t listen to the doom and gloom crap.”
And this is why you are inspiring. Well, not for that only, lol, but because you march to the beat of your own drum. It’s easy for people to say but not so easy to do (find their own way). It is possible, even when others say there isn’t.
Tia – actually motivation comes in two “doses”: words and actions. Everyone can motivate with words, some motivate via actions. The key to success is to channel both to the intended recipients. No guts, no glory.
In a nutshell: go out and make it happen.
P.S. Use the F-bomb when all other options have been exhausted. But it you use it, make sure it serves its purpose 😀
Great post.
The only certainty is change.
To put it into metabolic terms, the industry is clearly burning fat, and it has been since at least late 2008. It’s definitely a good time to trim down on risk, cultivate cash flow, and to take advantage of any newly found elbow room.
There are a lot of changes unfolding out there. For the first time in it’s history Google is losing US search market-share. The mobile revolution is moving full speed ahead. Social networking is beginning to rival search.
Stay lean, mean, and flexible… 😀
Simon – Thanks and I hope your US trip goes well 🙂
Shawn – Lean, mean and flexible – absolutely great advice.
As they say, nothing will happen unless you make it happen!
Those days when nothing happens are frustrating for all of us, especially if you feel you’ve tried your best – but then tomorrow is another day.
Today, I feel GOOD! Yesterday, I felt shit because I didn’t seem to be getting anywhere after 12/14 hours of trying. This morning, I started seeing the results, it’s always the same!
I think the future of domaining is GEO, ccTLD’s. .COM/.NET.ORG are still at the helm after all these years. But give it a few more years and it will start filter down by country – like Yellow Pages!
I also think it’s down to us to create the stir with domains, the big boys are constantly trying hard to promote a positive reflection of the industry and spending millions in doing so. If everyone had a similar attitude instead of “doom and gloom”, it’s going to be a better industry for all..