Think it's too late to start Domaining? Think again.

I can't tell you how many people have said to me, "I wish I got started in the beginning, I'd be rich by now!" What I try to remind new Domainers is that this is the beginning! I started Domaining in early 2007 and started my company in October of the same year. In just one year I've seen the industry change dramatically, and, I have been fortunate enough to snag a few great domains that have kept my business going strong.

What has always surprised me is how many domains I was able to hand-register in 2007 that turned-out to be gold mines. I started-out in this industry pushing deveopment as that is the key strategy of domain flipping. I was met with harsh criticism from hard-core domain parking addicts that had made their living with generic parked pages. As we entered 2008 it was clear that I was on the right track as parking took a steep nose-dive and more and more attention was placed on development.

Now it's 2009 and once again the emails are coming-in from new domainers asking me if they've missed the boat. My answer is the same as it was back in 2007 – this is only the beginning – if anything, you might be a bit early! This is a brand-new market, one that almost nobody knows about. Mention the word Domaining to ten different people – see how many have heard the term. I've tried this experiment time and time again and found the same results – zero out of ten.

Nobody can give better perspective on Domaining than Rick Schwartz – my hero and one of the kings of the Domaining world. If you don't read Rick's blog – start reading now – he has some great insight into this developing market since he's been in the industry since its inception. His post today continued to inspire me as his posts tend to do and also stresses the point I'm making in my post. So take a minute and have a read and you might just realize that you are part of the beginning of something great. Read Rick's Post Now.

If you are new to the domaining world and looking to get a head-start don't forget to check-out the second edition of my book.

If you aren't ready to spend money to learn how to start your own business – feel free to check-out some great free Domaining resources at the Domaining Library.

{ 7 comments… add one }

  • RegFeeNames.com December 26, 2008, 10:34 pm

    Im totally with you I register my first domains about 4 years ago but never really got into domaining until end of 06 / the start of 07 and 99.9% of my domains have been hand registered and many have made me thousands of pounds.
    Domains is a secondry business for me at present but I want this to be a full time business which it shall certainly be soon enough.
    Its not too late to join and if you visit many site such as mine – There are hundreds of Reg Fee Names available to hand register!
    Warm Regards,
    Robbie

    Reply
  • Scott December 28, 2008, 2:24 am

    Great, so I still have not missed the boat!
    I dabbled a bit in this through 2008 and am looking to jump in a bit deeper for 2009.
    Still learning on spotting a real good domain name yet, but I am sure it will come.
    I am also in to the development piece as it looks so much better than just a parked page.
    Great to read posts such as yours and wish you all the best for the new year.
    Regards,
    Scott

    Reply
  • Airport hotels Bangkok December 28, 2008, 4:05 am

    You the man. Thanks for the good advice and encouragement. I find myself spending way too much time and $ these days on domains. Sometimes I think it is just foolishness, then every once in a while I get inspired.
    Thanks for spreading positive thoughts in these challenging times.

    Reply
  • Kwame December 28, 2008, 5:32 am

    Thanks for the encouraging advice. Great way to start the New Year. I have been looking more into developing the domains I have and I am constantly looking for great info, Thanks again.

    Reply
  • George December 28, 2008, 10:15 pm

    Wishful thinking. Domains are dropping like flys. Left and right you can pick up names that were once considered ‘gems’ for very little $. Sure…some will say opportunity for the sharp ones to be naive enough to open up their wallet. Unless they can turn that name into a viable business – they’ll most likely never make their money back. The bubble burst before. The good times were in ’06 and ’07 for the aftermath after the first. Now that the bubble burst twice – how many people with serious cash do you think are really going to buy this nonsense AGAIN?

    Reply
  • Johan February 10, 2009, 12:12 am

    Hey, sure hope it’s not to late. I will make an effort and work hard on aquiring good domains and develop mini-sites during 2009. During a sale on the swedish cc-TLD 2 months ago I got my hands on 700+ domains for about 600 USD total. Many decent names with type-in traffic. Anyway, this year I will try flipping most of them into mini-sites and sell many as well. With my profit I will purchase any decent dropped names with having a fair price and keep domains that pay for reg fee + small profit.
    Good luck to all trying to get into the game like me. I will try to update my blog with my progress/regress weekly at a minimum.

    Reply
  • Supermance March 16, 2009, 4:56 am

    im spending like 5 hours a day to read blogs about domaining, kinda addicting 🙂

    Reply

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