Happy Monday! How was your weekend? I wasn’t on yesterday deciding to spend some time with my family for Fathers Day, but I did read this interesting thread on NamePros.com and I thought I would share it below, it’s an interesting perspective from a new domain name investor trying to understand is Domaining – Gambling or Investing?
What do you think – You can head on over to NamePros and join in the convo.
Hello everyone! I’m new here but I’ve been kicking the domining can down the road for a better part of a month now in terms of research and self education.
I’m an investor. We own storage facilities, businesses, commercial/residential real estate. I have experience in web development and basic programming.
The more I read, the more domaining seems less like investing and more like gambling. The whole hand registering seems like trying to find a needle in a haystack. I keep reading that most new folks to domining will never be able to sell their hand registered domains etc. I understand there’s learning curves and in order to learn, generally you have to spend/lose $$$.
Another thing I’ve noticed is many, many, many folks trying to get into this have no budget and are trying to find the quickest way possible to make money and want to spend as little as possible.
I guess what I’m trying to say…is there a difference in HOW I should move forward with educating myself on domining? I’m not particularly interested in hand registering domains and trying to find one that’s worth a few hundred bucks…but I understand that perhaps that’s recommended for someone who Is new to this.
In investing we mostly talk about cap rates, interest and ROI. I can generally run figures and produce a rough expected ROI. I’m struggling to find out how to do this with domaining.
Maybe I’m just too new, maybe I need to slow down, maybe I don’t even belong here because domaining is not for me. I’m absolutely not looking for another job or a side hustle…I’m looking for a passive/semi passive investment strategy to add to my portfolio. I have a good budget. Our average RE returns are 8-15% but I don’t even know how to begin to calculate a projected roi with domains if say I invest $25k.
You other investors, what strategy did you follow when it comes to domaining?
I’m open to criticism, opinions, suggestions, education resources…anything really.