Prevalence of Young Domainers

[ScottNugent]

Hi all,

Just sitting procrastinating, curious about the prevalence of young domainers (say < 20) in the industry. Would love to hear a lot of your input especially from some of the more experienced members here.

-Do you know many young people involved in domaining?
-Do you think young and willing people should be welcomed by the industry, or shunned?
-Would you recommend the industry to your own kids?
-If there is 1 tip you'd give young domainers what would it be?
-If there is 1 mistake you think all young domainers make, what is it?

 

[findtim]

perhaps it would have been better to put numbers on your point questions.

1) no
2) why would we shunn them? they are often the givers of great insight
3) yes, but is there an age restriction on domain name owners ?
4) join dnt and read read read before making your first purchase.
5) the same all domainers make, buying crap.

tim

 

[Ash]

Don't know any personally. Have come across this site before in the past (don't think he's a teen any more...) http://www.teendomainer.com/

 

[Cooper Mills DomainLawyer]

I have met a few, they usually have great ideas for online businesses, but often need a lot of hand holding to show them the ropes to implement ideas. Good on them for trying, and in many cases succeeding!

 

[chris]

-Do you know many young people involved in domaining?
I've met a few web people at various user group meetings. I think the startup scene attracts lots of young folks and most of them get the importance of a killer domain name.

-Do you think young and willing people should be welcomed by the industry, or shunned?
I think like a lot of tech communities, newcomers can at times be excluded which is a real shame. I think anyone interested should be welcomed, that's something I'm working on.

-Would you recommend the industry to your own kids?
Yes

-If there is 1 tip you'd give young domainers what would it be?
My tip would be to look beyond domains and think in terms of online businesses.

-If there is 1 mistake you think all young domainers make, what is it?
This applies to everyone, I think the number 1 mistake is not doing your homework. A domain name that's worth nothing is actually costing you money.

Good questions Scott!

Cheers,
Chris

 

[ScottNugent]

Thanks guys, some great insights

I'm definitely moving to start branching out into "online businesses" rather than just selling domains. However it's quite time consuming I guess. Maybe it's time I hire an assistant!

 

[James]

-Do you know many young people involved in domaining?
* I get more young internet markers messaging me saying I inspired them ect, I don't know too many young domainers apart from the ones on her.
-Do you think young and willing people should be welcomed by the industry, or shunned?
* If they play by the rules, let them come into the industry.
-Would you recommend the industry to your own kids?
* I don't have kids, but if i had them I probably would want them to do something they like, in 25 years the job landscape could be very very different.
-If there is 1 tip you'd give young domainers what would it be?
* Focus on quality not quantity, for example start off with one really good domain and learn all your internet marketing and dev on that one site, once you learn the tricks of the trade step out to more site.
-If there is 1 mistake you think all young domainers make, what is it?
Buy sites about things you have genuine interest in and it will make things far more easier, In the past i have purchased TLD's and domains around areas where I do not have the passion for the subject matter and the site does not get successful, all sites I have sold XX,XXX+ have been things I really like.

 

[Honan]

........
-Do you know many young people involved in domaining? YES, 124, 235 worldwide.
-Do you think young and willing people should be welcomed by the industry, or shunned?
Cannot decide. Procrastinating on that decision.
-Would you recommend the industry to your own kids?
If I did, they would never ever Domain.
-If there is 1 tip you'd give young domainers what would it be? Ask, ask and ask again.There are no stupid questions,only stupid answers. See first answer.
-If there is 1 mistake you think all young domainers make, what is it?
Wasting money on entertainment, when they could be investing in my names

 

[ScottNugent]

Wasting money on entertainment, when they could be investing in my names

Interesting - I find it too hard to pay for concert tickets or music CD's or computer games... Because of the $$$ signs I see floating off into the distance which could come from domains!

 

[findtim]

gee i like seeing threads like this.

-If there is 1 tip you'd give young domainers what would it be?
My tip would be to look beyond domains and think in terms of online businesses.

great answer chris, buy BUILD sell , i think thats where the real money is.

execution of the end result is the hardest thing for a domain ( unless you just park) .

Buy sites about things you have genuine interest in and it will make things far more easier, In the past i have purchased TLD's and domains around areas where I do not have the passion for the subject matter and the site does not get successful, all sites I have sold XX,XXX+ have been things I really like.

exactly

tim

 

[Shane]

great answer chris, buy BUILD sell , i think thats where the real money is.

I certainly agree on the build part, but not necessarily the sell part.

Sure, sell some of your projects to look after your cashflow in the early days, but for me the most success I've had is in building and continuing to run my businesses.

 

[findtim]

I certainly agree on the build part, but not necessarily the sell part.

Sure, sell some of your projects to look after your cashflow in the early days, but for me the most success I've had is in building and continuing to run my businesses.

i agree with most of that eg the cashflow but if they are making money then cashflow shouldn't be a problem. the sell bit is more about taking steps up the ladder, you buy the good drops then you buy better drops then you AMA better domains and when things like centralcoast, hobart, etc come up you are there and ready to throw the money at it.

i think some people dislike talking "potential" for domains rather then how many exacts it gets but potential is creating a business and hobart as an example has the potential to be a 100K p/a domain so it was well worth the money..... if you had grown your portfolio and sold some along the way to end up with it.

that growth model of a portfolio i think is a good one for the young domainer.

tim