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Posts Tagged ‘industry downturn’

The Fake Domain Downturn

Thursday, November 6th, 2008

A heard of domainersOMG the world is going to end - your domains will be worthless! That’s what a number of attention seeking ill informed, oxygen thieving, wannabe amateur domainers will have you believe. Am I being a little bit harsh?

While the kids have been crying about their parking revenue, I’ve been buying BIG time and making a profit. Some of you who know me will know that I’ve only ever sold a handful of few domain names. Why? Because

a) I don’t buy rubbish

b) In the past people have made me offers that I just couldn’t refuse

c) I have made mistakes! Who would believe it eh?

Here is an example of one such mistake. A couple of months ago I purchased a domain with traffic in a gambling related niche. I thought it would make money and couldn’t get it working with traditional parking. It would have been a good name to develop, but I just don’t have the time and I wasn’t 100% convinced that my efforts would be rewarded. As such, I left the domain parked and wasn’t going to do anything with it. A couple of weeks after I purchased the domain I received an offer of just on 400% more than what I paid for it. I thought about it for 24 hours (you have to sleep on these things) and sold it.

There is a well known saying “When everyone zigs, you should zag” and that’s just what I’ve been doing. But you shouldn’t, because then there wouldn’t be any opportunities for me. Go and join the herd. Baaaaa.


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