Every Domainer Should Read This

There is a thread on NamePros with a great look into the insider’s frame of mine for the domain name market. If you’re thinking about becoming a domainer, read this domain name advice. I’ll go ahead and jot down my own answers to the informal survey.

1. What were your best mistakes? By that I mean the mistakes that gave you the most insight into the workings of the industry.

I just threw my money out there without researching. Did I have some good early domain registers? Sure, but I also had a lot of trash.

2. If you could start all over again, what would you do differently?

I’d stick to .com and register more short keyword domains. I’d also set aside a definite budget. I’d also grab some 4 letter .coms with acronym potential.

3. How do you believe the industry will change in the future? What direction do you think it’s heading in?

More sites will go up on domains (less parked pages). Generic .coms and .orgs will rise in value. I also predict .biz will do better. .Mobi will bottom out. Geos will catch on fire. One day almost everyone will have their own domain name.

4. What advice would you give to an aspiring domainer/entrepreneur/developer etc? Do you encourage the taking of risks?

Yes, I encourage risks because that’s the only way you’re going to make real money. But with domains the risk doesn’t have to be huge to profit. For aspiring domainers, limit yourself to a certain number of registers a month - no matter what. I’d recommend 5. Also, remember, the day will come when you have to pay those costs again. If you don’t plan for it, the result won’t be pretty. Stick to short .com domains and stay away from brandables. Ask yourself, would I buy this domain for the purposes in which it serves?

5. If you were in your late-teens/early twenties*, facing the industry as it is now, would you still get involved? What would your first move be?

I’m in my mid 20s. I would get involved. I’d buy generic geo domains of large cities and generic two word blog domains.

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