Not sure what Above.com does? Take a few minutes to watch our video which highlights our Domain Investor Platform.
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What inspires you? Do you find value in studying other industries, networking with your peers and learning from one another? At Above.com we most certainly …
Now that we’ve discussed why you should test your domains at multiple parking companies, let’s discuss some factors that might influence your decision to test …
Recently, I happened across a quote from Karen Lamb. “A year from now you may wish you had started today.” So often we keep putting …
Normally when you let a domain expire, there’s very little benefit if any for you as most registrars will sell what expired inventory they can …
Not sure what Above.com does? Take a few minutes to watch our video which highlights our Domain Investor Platform.
Is the video not playing for you? You can also find it here.
Although the .com TLD is most buyer’s first choice, especially in the United States, sometimes it isn’t an option, or actually is not the best …
Do you test your domains? On the surface a simple question, but I’ve been amazed over my years in the domain industry at some of the reactions and answers I receive to it. Often people get a look of disgust on their face as if I’d just said something vulgar and tell me that parking company X is the best and they have no need to test their domains elsewhere, or maybe they tested in the past with poor results and have no desire to test again.
In an industry that is so number and analytics driven, I find this difficult to understand. Perhaps it’s because I came into the industry with a marketing background and from early on, testing was just a part of the way we did things. Small or large something was picked to be tested no matter how good what we already had was working.
On Saturday, February 23, I did a very crazy thing. I willingly jumped into 37’F water. They actually had to cut through the ice to create a place for us to jump. Why in the world would I do that you may ask, and I will tell you. It was for a very good cause. I participated in the Polar Plunge to support the Special Olympics of Colorado. I managed to raise over $900 in support, so there was no way I was going to let them down!
So what does that have to do with domaining?
1. A lot of people will tell you you’re crazy and try to talk you out of it.
While I had a lot of support, I also had a lot of people telling me what I was doing was crazy or stupid and I shouldn’t move forward. Sound familiar? A lot of people view domaining as crazy, even a waste of time and money.
2. You need support.
It’s hard to do anything alone, especially when you hear a lot of no’s, don’t do that, or it won’t work. Having someone cheering you on, to help you keep focused on the big picture is a huge asset. Every time I received a donation on my behalf for Special Olympics, it motivated me to keep trying. It’s the same for domaining. Whether you’re buying domains for flipping, long term investment, it’s easy to get disheartened when things don’t go your way. Having support will help keep you motivated when you most need it.
3. Believe in yourself.
Some people will tell you it can’t be done simply because it hasn’t been done before. Others because they themselves have failed. If you believe it’s possible, don’t let them determine your fate. I knew I could make the plunge and I really wanted to support the Special Olympics. If you have done the research and you believe deep down that you’re making the right decision, believe yourself, not the cynics.
4. Know when to cut ties.
While I won’t say that sometimes the naysayers are right, sometimes, you are going down a path that has a dead end, and it’s better to get out while you’re ahead. While I didn’t face the issue, not everyone can do the Polar Plunge. Health issues are a big factor. Don’t send yourself into ruin or to the grave trying to prove someone wrong. Sunk costs can be expensive, but there’s nothing you can do about it other than limit them from growing further.
5. Without some risk, there’s little reward.
Everything in life is a balance of risk and reward. In some cases, the risks outweigh the rewards, sometimes, there is no risk, but also no reward. Investing in domains is the same. You are speculating on virtual real estate. Sometimes that will pay off, sometimes it won’t. And sometimes, no matter how crazy, it’s worth doing. Just like being sponsored to jump in to freezing cold water.