Whats the most important thing you have learned domaining?

[vinsdomains-com]

Jumping back into the business after being out of it for many years. Seems like a lot has changed and there is an overwhelming amount of information floating about. Seems like a lot of sharks too! As such, I thought I'd solcit input from all of you fellow domainers regarding important lessons that you have learned along the way. What's your best piece of advice, so a beginner doesn't get burned? Thanks in advance for any educational responses you can provide!

 

[Brassneck]

It's far easier to buy than sell.

I used to be very optimisitic about the likely demand from end-users for decent domains across the board, however the British public generally still don't get domains so sales are much harder than I ever hoped for. I think the situation in the USA and German markets is much more positive.

Stephen.

 

[accelerator]

Don't buy too many domains before you've tried selling at least one.

As said, buying is easy, it's selling that's hard.

Rgds

 

[zehrila]

Whenever new tld or cctld kicks in and you manage to grab nice domains, try to sell them asap before the hype dies. 3 and 4 letter dot com domains are safe investments. Do a bit of keyword research.

 

[retired_member21]

Quality not quantity I'd say

Also as Accelerator said - make sure you can sell and understand the selling process if that is your future model

 

[seanc]

one mans rubbish is another mans gold

 

[anthony]

Finding solid, cheap hosting is as hard as finding good ftr domains!

 

[Bailey]

After twelve plus years in domains. The most important lesson i've learned is I don't know even 20% of what there is to know

 

[Jamie101]

One thing that I've recently found out is not to assume that the keywords are useless just because .com + .org + .net are available. Sometimes you might get lucky like I did but unfortunately I only took one of them (.com obviously).

I didn't want to risk more money (even though it was FTR so wasn't exactly expensive) on it just in case it didn't work out. Developed the site, ranking brilliantly and now a competitor is above me with another TLD.

(mightn't be directly related to domaining but still)

 

[retired_member21]

After twelve plus years in domains. The most important lesson i've learned is I don't know even 20% of what there is to know

Great statement - going on that I probably know ~ 6% lol

 

[WiganWebs]

You need to have a good amount of patience

 

[binny]

One man's shit is another man's gold

 

[fabpack]

If you're the buyer, whatever price you are quoted is way too high.

If you're the seller, whatever price you are offered is way too low.

In my opinion, offers need to be made close to what the end deal price would be. I've spent too much time offering too low and counter offering way too high when commonsense and middle ground could have made lost deals happen.

 

[ScottJ]

You can still buy short one word valuable names for £500, sometimes the £500 can buy one directly, sometimes you can offer something worth £500 to buy one, it's never too late to play if you are prepared to think outside the box and work smarter & harder.

 

[domainking]

You can still buy short one word valuable names for £500, sometimes the £500 can buy one directly, sometimes you can offer something worth £500 to buy one, it's never too late to play if you are prepared to think outside the box and work smarter & harder.

So true Scott always best to think outside the box. also aim for the names you think you cant get.