BODIS

10 domain investing mistakes to avoid in 2017

Directnic

How is it possible that 2016 is almost over? But, it is.

Domain investors eager to achieve better sales and experience a better, financially sound new year might consider not repeating the same mistakes in 2017.

By planning carefully for the new year ahead, you will get a better grasp of how to best leverage your domain portfolio.

So what mistakes should domainers avoid in the new year?

  • Relying on liquid domains to achieve cash flow – These domains have been resold ad nauseam among domain investors. Save them for the real money: end-user buyers.
  • Tapping the “Chinese domain market” – The entire 2016 has been a disaster with domain “Chips” losing more than 50% of value. Don’t be a sucker in 2017.
  • Getting into “exotic” ccTLD pump-and-dump schemes – That island in the south Pacific you can’t point to on the map? Its domains are as good as pebble stones.
  • Investing in every new gTLD that comes out – While many new gTLDs make sense to invest in, keep the meaningful keyword+gTLD paradigm as your rule of thumb for registrations and acquisitions.
  • Ignoring development and parking all domains – Get your best generic or brandable domain, and build it. Even better: transform it into a real brick and mortar business.
  • Arguing over who’s domain is better – Don’t waste time over public arguments in online communities. Make the difference, your way.
  • Falling for domain evaluation schemes – Never pay someone an evaluation fee, directly or indirectly; if they want your domain, they have to pay your asking price.
  • Not enabling two factor authentication at the registrar level – If your domain registrar doesn’t support it, go with one that does.
  • Sharing too much information about your own ventures – Fly under the radar, no need to let the world know about your path to success.
  • Not staying educated – Learn about the latest trends, technologies and methods to leverage your domain-sourced income.

You can avoid many of these mistakes by exchanging ideas with other professionals: NamesCon 2017 is just around the corner! 😀


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Comments

2 Responses to “10 domain investing mistakes to avoid in 2017”
  1. DomainGang says:

    Eric – Thanks! Happy New Year!

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