I lost focus
I became less creative
I know a guy who does a crossword puzzle from the newspaper everyday and wont rest until he completes it. He says he does it to keep his mind working. I haven’t purchased a paper copy of a newspaper in 15 years. I had my own way of keeping my mind challenged.
Always trying to come up with good names everywhere I went kept me sharp. Think about it, it’s like constantly trying to solve a puzzle. You see something, think a little differently about it, and try to come up with one or two word dot coms that may not have yet been snapped up. Then you think of variations on that. Then that leads you to another related domain area to think about. Sure, the effort doesn’t typically result in a cash cow, but neither does a crossword puzzle.
9 comments
There are two main factors working against domain investors and both are correctable and I believe will be corrected soon.
1) The tech giants have squelched the entrepreneurial spirit. I would fight Larry the cable guy but not Larry Homes. I believe that the current government is ready and will address this obvious inequity of business / wealth. and
2) The disastrous economy since 2008 combined with the ever increasing societal division and social unrest that can be likened to the 60s era not to mention world violence, mass immigration and other political and social activities are putting downward pressure on the entrepreneurial spirit and prohibiting would be entrepreneurs and startups from taking risks.
As long as there is an internet there will need to be addresses aka domain names. Those investors that hold good domains long enough will realize huge upside when the business climate improves and the entrepreneurial spirit is rekindled in the U.S. and in other developing countries.
There was a domain investor who bought .coms like crazy when the dot boom happened in 200 2001 and the climate and market for domains was at its lowest point. He did allright when the market returned.
What other investment on the planet has a $10 downside and unlimited upside?
Intersmesting perspective.
A good way to keep your mind sharp would be to read the news. Or focus on a web business. 🙂
Great article … I can totally identify with it!
Hand regging is a challenge and fun but should only be a small portion of a portfolio, need some established quality in there as well I think.
I agree with your post 100%.
Over 99% of my domain names are hand registered and I like your perspective on this. I agree 100%.
It really is creative and also, it can be addicting. I am constantly coming up with name ideas and I can’t seem to read or hear about anything without thinking of a domain name.
Great article MIke!
It’s a gift… and a curse : )
Hi Mike, got to ask. Do you make money with hand registered domains?
I do. In fact, I have had more sales (quantity not necessarily dollars) of hand regs than anything else. Plus, it’s fun! The trick is knowing what’s good and finding someone that agrees with you. Usually flip them for a few hundred for faster sales and because they are typically lower quality, but I have gotten 4 figures several times on some prize finds.