Where do you go to get realistic domain investing advice?

advice

Let’s face it – there’s a lot of bad advice out there. IMO there are two kinds of bad advice:

  1. Bad advice coming from people who just want to make money off of you (usually by selling a product or service)
  2. Bad advice coming from people who have no idea what they’re talking about and just want to be an “expert”

Oh, and of course you can combine these two for what I think is safe to call really bad advice. There has always been a lot of hype around buying and selling domain names. What’s always bugged me is people who make it sound like anyone can drop a few thousand dollars on domain names and turn that into tens of thousands of dollars.

As you either know, or find out the hard way, this is rarely the case. More often than not you read a few articles or a blog post, look at a list of recently sold domains, get excited and go register a ton of domains in your boxers at 3AM. You tell yourself, “if just one of these sells for $5,000 – I’ll make my money back and the rest is gravy.”

Then none of them sell and as Rick Schwartz would say, you probably bought a bunch of pigeon shit. Here’s the problem. There are a lot of books, videos, blog posts, podcasts, etc. about buying and selling domain names, how can a new domain investor find a source they can trust? Of course the same is true for investing in the stock market, flipping houses, trading forex, and the list goes on.

People all over the world get inspired by investment opportunities and hooked by the prospect of “easy money,”  which outside of lotto winners isn’t a real thing. I’ve heard domain name investing compared to the lotto and gambling in general a number of times, and with limited data, most new domain investors really are just gambling.

I’ve seen a lot of different resources come and go over the years and right now from where I’m sitting I’d have to say the two best sources of realistic advice on domain name investing come from Domain Sherpa (and his course DNAcademy) and Rick Schwartz. While Rick isn’t blogging any more I always recommend people go back and read his blog because there are a ton of nuggets on there and if you don’t follow Rick on Twitter, you should because he’s super active on social media right now.

So now I’ll turn it over to you. Where do you go to get realistic domain investing advice? Comment and let your voice be heard!

{ 6 comments… add one }

  • Darko June 5, 2017, 11:39 pm

    World class forum – Namepros.com and Michael Cygers – DomainSherpa.com!

    Reply
    • Nick June 6, 2017, 7:15 am

      Would love to see Rick Schwartz go back on Domain Sherpa. The tweets are great but would love to get more substance from that guy – he’s done very well and has lots of experience in this field.

      Reply
  • David June 6, 2017, 1:43 am

    Namepros, Domain Sherpa, Domain King’s twitter and Morgan Linton.

    Reply
  • Morgan June 6, 2017, 8:09 am

    @Darko and @David – thanks for mentioning NamePros, that should have also been mentioned in my post. Of course as with any forum, it’s always important to validate the the person who is giving advice knows what they are talking about.

    So important to validate the “who” behind advice regardless of the platform it is coming from.

    Reply
  • Eric Lyon June 6, 2017, 12:04 pm

    Keep in mind that like with any strategy, over time, they become less accurate. It’s important that one doesn’t stagnate trying to use 1990’s techniques in a 2017 industry. Lot’s has changed since the 90’s and the industry has shifted many times since then (With more shifts coming). Keep your finger on the pulse and be eager to learn about current strategies to add to your arsenal so you can avoid any unforeseen pitfalls trying to use a pager (Remember those in the 90’s?) when you should be using a smartphone.

    Obviously, the pager/smartphone example isn’t industry related, however, it is a relevant comparison to how things have changed and the domain industry is no different. Strategies change as the industry does (Some strategies last longer than others).

    Just my 2 cents 😉

    Reply
  • Joe June 6, 2017, 10:29 pm

    Interesting post but I do not want to go into details of what you publish in it, the older you do not think to be young, you’re a great domain investor for your startup market niche and keep up with yours.

    You are you and Rick is an example to assure for much of us is history and respect for his post and his truths that he is always right to be a coherent person and see more than many of us, he is still a first-hand referent to listen And learn from it, I respect and admire you for changing and telling the truth of what many investors like other domains hide.

    To end with Rick Schwartz, I did six years to write an email about the Moniker affair to understand what was happening to me and talk to his contacts and give me the name of a great lawyer who in the end was of no use since some of them work For the same registers that fuck us.

    Reply

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