Your biggest domain mistakes?

[Cider]

Hi All,
People have mentioned here that beginner domainers sometimes make the mistake of registering large quantities of domains that they later find not to be so good.

Anyone here made a mistake in paying too much for an individual domain, later having to sell it at a loss, or keeping it but knowing it'll be hard to break even?

Any other newbie mistakes people here have made and are now alittle wiser?

Thanks
John.

 

[Honan]

Hi All,
People have mentioned here that beginner domainers sometimes make the mistake of registering large quantities of domains that they later find not to be so good.

Anyone here made a mistake in paying too much for an individual domain, later having to sell it at a loss, or keeping it but knowing it'll be hard to break even?

Any other newbie mistakes people here have made and are now alittle wiser?

Thanks
John.

Yes, I have sold plenty of names for less than what I payed
Some I have not been able to sell for anything at all
Another mistake I used to make was registering .info .biz .ws , .cc .tv etc

About the only dud extension I have not touched is .mobi

Now I try and stick to buying .com.au , .net.au , and .com only

 

[Shane]

My biggest mistake was letting .coms I registered in the late nineties and early 2000s expire whilst traveling through Europe a few years later. There weren't any diamonds in there, but certainly a few that I'd love to have back today.

Other than that, my main mistake is probably selling domains to cheaply and chasing the quick sale. Patience is a virtue...

 

[James]

A few regrets -

I use to be into myspace layouts website, I had some insider knowledge about a new social site back 2005 which had a few million invested that was going to take myspace place... I decided to purchase a bunch of related sites for this new project...After regging like 15 good domains related to the project...I sat on them for 2 years, then the site did not take off like investors expected and was a flop due to facebook. so yeah waste of 15 domains, but the funny thing is one of those domains I actually built into a website and yeah it gets like 100,000+ page views a month so yeah it was not that bad.

2. I use to own a .info for a good traffic term which use to get 10,000 searches a month exact, I sold it off cheap like 10 months rev...the website was ranking like 4th for the term...3 years later this specific term now gets like 250,000+ exact match searches a month and the site still ranks like 8th...burning!!!!

 

[Chris.C]

I didn't take action earlier.

(this is almost always my biggest mistake - not just with domains)

 

[payattention]

I'm in the same boat cncventure, I wish I got started sooner. I've been online since the mid 90's but wasted my time playing UO, EQ and then WoW. I started my online business in 2009.

Having said all that, the barriers to entry are now non-existant. $20 for a domain and $10 a month for hosting a month and you're in business if you know a little SEO.

 

[Data Glasses]

consider all the people unaware of the industry and you may assess your still basically able to get in at ground floor level, certainly some opportunities available to purchase a name and start a website ...... population is only growing

 

[Chris.C]

I'm in the same boat cncventure, I wish I got started sooner.

I first clued into the value of an exact match domain name back in 2006, I did research into available .com.au domain names back in 2007 but didn't buy my first one until mid 2009! Even then I missed out on dozens of decent quality hand reg domain names over the next 12 months through lack of decisiveness.

I cringe at all the decent quality .com.au domains names that you could have hand regged back in 2007.

 

[snoopy]

Have sold lots of names at a loss, probably about 15-20% of all the names I have sold (talking about names bought at a premium rather than freshly registered names).

Biggest mistakes are probably names I could have bought but didn't, like jobseekers.com for $6000.

Some I have not been able to sell for anything at all

Have one like that at the moment, can't get a bid on it even with no reserve, paid about $1200 I think many years ago.