Comments on: Are you a Domain Collector or a Domain Investor?

By: Morgan

Morgan — Wed, 17 Mar 2010 12:34:23 +0000

Thanks for the comment @Travis – absolutely true – it all starts with careful buying and doing your homework BEFORE you buy a domain

By: Travis

Travis — Wed, 17 Mar 2010 02:38:59 +0000

Yes I think all of us in the domain industry has been through this process of learning the difference between a collector and investor. I think it just takes time and experience to really learn the difference. It’s very easy to get caught up on names that sound good but really never amount to much. Being careful about what you buy is key in my opinion.

By: TechFilipino

TechFilipino — Tue, 16 Mar 2010 16:03:56 +0000

I’m guilty of being a Domain collector, but am starting to learn to become a domain investor. It’s really tough to make this transition as I’m a web developer like you, but I’m getting close to the improvements.

By: [EN] Are you a Domain Collector or a Domain Investor?

[EN] Are you a Domain Collector or a Domain Investor? — Tue, 16 Mar 2010 06:47:24 +0000

[...] Bron: Morgan Linton [...]

By: Aaron Bennett

Aaron Bennett — Mon, 15 Mar 2010 22:26:10 +0000

It’s very easy to fall into that trap, especially when you are moonlighting as a domainer and have a secure income. Entirely too easy to look at your portfolio and sigh “I have so many ideas, this will be great!” for years while the reg fees recur when you are not scrambling for cash. The motivator for me was my first sale and the news of a new life preparing to enter the world! Nothing like hearing you only have 7 more months of freedom to motivate you, lol!

Nowadays, new domainers have such amazing resources available to them; the community is active and generous. I, for one, have learned a ton from you and the many guys/gals who share the lessons they’ve learned the hard way (as well as those learned the easy way, through success!).

I feel fortunate that between domain sales and other domain-related income, I’ve broken even in my first year with a minimal amount of focus. The wife considers this a success as she had serious doubts (and worried that I would be hemorrhaging money), but I’ll not feel comfortable until the domains are earning a profit (not counting sales). Thanks for the reminder as well as your steady stream of rich information.

By: Daniel Dryzek

Daniel Dryzek — Mon, 15 Mar 2010 22:04:53 +0000

Once upon a time I was a collector, now I am an investor I guess a lot of domainers were to some moment collectors and then some of us realized that having a bunch of domains is not enough and we need to earn money. Because as in any other business, in domaining you need your revenue to be higher than costs

By: Geek Domainer

Geek Domainer — Mon, 15 Mar 2010 20:28:13 +0000

Great post and it is indeed so true. I come across so many people who are new to this industry – randomly picking up domain names , wasting a ton of money and complaining that this industry is saturated.

In my humble opinion, I think the major factor before purchasing domain names is to a fix strategy of monetizing them. Understand and learn how to generate money off domain name via parking, affiliate marketing, development or end user sale. Once you know your way around this industry, then take the first steps – purchase not more than 10 domains names after research and try applying your monetization strategy on them.

If you don’t land up making money, then there is something wrong in either the monetization model or the domain name itself. Iterate and improvise your strategy.

Invest slowly and carefully and you would see good returns.

Cheers,
GeekDomainer.com

By: Mojito Recipe

Mojito Recipe — Mon, 15 Mar 2010 18:57:25 +0000

Don’t forget to add in the cost of server accounts!