Dress it up however you like, Domainers are natural born gamblers. If polls were taken on the typical personality profile of the "average" Domainer I’d say that most would show that a Domainer has a propensity to gamble. Life’s a gamble and that’s fine, unless the house usually wins. It’s a numbers game and if the numbers aren’t in your favour/favor right now that can change in the blink of an eye, with one good sale! Maybe the numbers will never change! If so time to get back to the drawing board.
You might want to call yourself a Domain Investor, that’s cool as it sounds way more professional. But you’re still a professional gambler. Some Domainers like to minimise the odds, they play safe. They stick to what they know. They might just buy high google search volume domains, three letter coms, product domains, domains that have loads of google ad buyers for the exact domain, dictionary words only etc etc. Nothing wrong with any of this! If you have criteria for your doman purchases/investments then you’re movng away from being an out and out gambler working on instinct to being much more scientific about your approach.
I figure most of us use our gut for many of our Investments. I know I do. Does the name in question get you excited? Does it get the adrenalin going? Do you figure it’s priced to sell? Do you figure it’s got an inbuilt margin which would make it easy to flip? Or do you figure it’s a long term hold, something to put on the backburner until the right buyer comes along.
Instinct plays a massive part in a Domainer becoming successful. That’s something you can’t buy, it’s natural or it’s not. You have it or you don’t. Doesn’t go to say that if you haven’t got it you will get nowhere. Those of a conservative disposition have and continue to do very well in this Business. Those that do their homework, ponder over things, weigh up the odds etc. Like I said before there’s nothing wrong with being scientific about domains.
At The End Of The Day We’re Just Gamblers, only difference is some folks weigh up the odds way more!
As long as you win more than you lose you’re doing ok.
There’s another factor too! Luck, anyone can get lucky in this biz. For some it’s just like the lottery. Unbelievable the price some folks get for junk domains that only one person on earth thinks it’s a good idea to part with BIG money so they can buy it.
Fancy a punt / gamble / wager?
Inventory includes ~ Maj.com - Bug.net - 74.co.uk - ddd.net and many more!
thanks for reading,