Domain Strategy

Posted by admin on May 9th, 2008
2008
May 9

I have decided on a new strategy because change is good. ( I am actually rewriting my last post from a month ago, It’s July 9th today) I am cleaning house and have sold many of my domain names on ebay of all places. There is definitely a buying market, it’s just that everybody wants a deal because there are wayyyy more sellers than buyers. So selling cheap is the nature of the beast right now. It’s just like the real real estate market right now, no surprise there! I do however have a lot of faith in domain names no matter what the economy looks like, so since we are still on the ground floor of this relatively new market I am going to sell all but a few really good ones and focus on getting just a few quality ones that have higher value, kinf of like moving up the domain food chain!

If at first you don’t succeed…

Posted by admin on Apr 24th, 2008
2008
Apr 24

At first I was disappointed that my domains didn’t sell in the DRT auction. My second domain didn’t even go to auction because of technical difficulty. So when it was over It felt a lot like it does when I watch or read the news too often. I decided it was a good idea to just step back for awhile, do nothing and think about where I should I put my energy. At some point I was trying to get another bookmark but landed on Frank’s sevenmile.com instead. His latest entry was very interesting and although I had heard or read his story about his job selling sheets of glass prior to domaining he put a different kind of spin on it. Or maybe I was ready to hear more clearly what he was conveying. Why am I in such a hurry to sell? I am clear they have value. The majority of my domains are definitely are in the 7-12 % that have value across the board and not just to me. I have decided not to let the recession get to me and am now trusting the process and doing things differently than the rest of America. I am grateful that I realize this, sure makes life a lot easier. So my point is I think successful people plan, they don’t just follow the herd they go in there own direction. I watched it in the real estate market and lucky for me I remained a spectator since I was in graduate school and had my own direction. But I did feel the energy of the rise and fall in the market and wanted to get back in eventually but not for the reason everybody else did. I had already been a homeowner and was not willing to put in an offer without doing my research, appraisal, neighborhood, schools, etc. and since everything was moving so fast I just wasn’t willing. So now here I am again except now it’s virtual real estate, and I have been sitting on some property for the last decade. So why hurry now when the market is down? I decided I am actually going to keep buying cause we are simply in the state before things go up again. Our world is based on polarity’s so eventually the ebb will again flow and the flow is when you should sell. The internet is still young but is maturing at an incredible speed and capable of much more and then the masses will finally start to get it. And when they do they will start pouring their money in the market at rates that we have never experienced. It’s going to be mind bongling. Yeah so really all of us who get it now and are preparing for the flood will be in a great position. So what I am I doing? I’m holding (and developing) thats what I’m doing.

Domain Roundtable Convention

Posted by admin on Apr 16th, 2008
2008
Apr 16

mmm, sure wish I could go….and what a great road trip from LA to SanFran! And then to finally meet all the people I have been reading about and learn more about the developing domain industry and then head off to the mountains for a day hike, ew dayhike.com wonder if that’s avail. I just can’t seem to shut my mind off so really I’m in the right business right now. Oh did I mention I have two domain names in the live auction? yeehaw! They are SpiritualWorks.com and SpiritualJournal.com! So we’ll see, to be cont. peace out.