Every once and awhile (okay more than that) someone jumps into the domain name world, ignore all the advice experienced investors give, and try to forge their own path. I’m all for trying new things but I’m not crazy about repeating other people’s mistakes.
One of the great things about the domain investing world is that there are resources like DomainSherpa and DNAcademy that can help new domain investors get started on the right foot.
For me and many other domain investors, hand registering a bunch of random domains that we “thought” would be worth a fortune was our first mistake. In any new market, just jumping in and spending money often ends in, well, losing money.
The people I’ve seen excel at domain investing are those who take the time to listen, read, and learn. In many cases they don’t repeat other’s mistakes and actually end up starting out with some pretty solid investments. Two great examples here are Josh Reason and Josh Schoen. Both Josh’s are buying really solid domains and they really took the time to learn the market before diving in.
Then there’s DoseBuy. Now before I go any further I want to say, the point of this post is not to be mean or make fun of Johan, the man behind DoseBuy. I think it’s great that he’s publicly sharing his journey in the domain world with all of us.
That being said, I see him repeating mistakes that so many new domain investors have made, and he doesn’t seem to care what people think, he’s just forging ahead on his own path. Johan’s focus has been hand-registering domains and he’s picking up some TM violations and some really long weird names like CanItBeConfirmed.com.
Lately he’s been tweeting quite a bit about the one word .CX domains he’s been registering. I’ll be honest…I’ve never heard of .CX, and there’s a good chance you haven’t either. Which is why I’m also not surprised that a bunch of one-word .CX domains were available.
As you can see from the image at the top of this post, today Johan tweeted some of his .CX domains to President Trump in an attempt to start a vote and retweet campaign on Twitter…so far no takers.
Like I said above, I appreciate Johan sharing what he’s doing, but I hope at some point he takes the time to go through Michael Cyger’s DNAcademy as I think it will save him a lot of money down the road. Buying 10 .CX names costs around $200 and I think it’s safe to say one expired two-word .COM for $200 would very likely produce a much higher ROI, but to each their own.
Of course maybe I’m missing the boat here. Maybe .CX is the next big thing and Johan is sitting on a goldmine…okay, I’m being sarcastic there. Still, since I think Johan will be reading this I want to tell him – keep on being yourself and doing what you want to do. Just know that registering Trademarks isn’t a great idea and hand registering domains tends to be a money loser unless you really know what you’re doing. I would be happy to pay for admission to DNAcademy if you’d like – in the end I think you probably could make good money in domains because you’re clearly interested in the space.
If you want to take a look at Johan’s portfolio it is available here – https://dosebuy.com/portfolio
Now it’s your turn. What do you think? I want to hear from you, comment and let your voice be heard!