I can’t take credit for the title of this post but I made this the title because it rings true now and has for many years. The title of this post is a tweet from Rick Schwartz and it rings true today, it rang through ten years ago when I started in this industry (note I’m still no expert – I think it takes more than 10 years to get there), and it will ring true ten years from now.
So many times I’ve heard people say that it’s too late to get into Domaining and people like Rick got in early so get to reap all the benefits. That’s just not true. Yes – Rick played his cards right, still plays his cards right, and continues to make solid investments and sales in the domain world…but so have many other people and the door is still open. The door isn’t open for people who get excited and start hand-registering domains out of the blue like it’s going out of style. At the same time, that’s the best way to learn, just make sure to do it with play money.
Rick has been tweeting up a storm and any time I can get a conduit into Rick, I’m listening. This tweet really resonated with me because I think it dispels one of the biggest myths in the domain world that needs to be put to rest. It’s not just the investors from the 90’s that have made money, yes those who played their cards right made money but there are plenty investors from the 90’s who lost it all, it’s why you know Rick Schwartz but not a lot of other names…but there were other people buying domains at the same time as him.
While I’m still in “wait and see” mode with some of the new gTLDs, I do think most of them will crash and burn. At the same time, I think a handful will hit it out of the park and I’m looking forward to watching that happen. It’s just important to remember that no matter how you slice it, there are still plenty of opportunities, but it’s the path you take from here on out that will define where you end up.
What do you think? Did guys like Rick have it easy and it’s nothing but uphill battles for the rest of us, or are there still plenty of opportunities today? I want to hear from you, comment and let your voice be heard!