I have some news for you. Dot APP is no better or worse than any other new TLD. OK it may be a little better than some but it’s still not a very smart way for a domain investor to try and make money. Dot app makes no sense to me as an investment. Are app companies going to upgrade to a .app name? No they move to a dot com. Are they going to pay up for the perfect .app name? I don’t think so. Yes they may register a name. If its taken or they want to upgrade they do one of two things. They either pay up for the dot com or buy some other techy ending like .io. There isn’t anybody in this industry that will convince me that any of the newGs are more than a crapshoot. And yes I would love to be the owner of .app string. I just don’t want to try and resell the names.
I’ve learned a big lesson in .ws. One, the popularity, wealth, or influence of who is buying names doesn’t change a string from bad to good. Two, stick to .com. I’ve been super solid since that mistake. Because I only have purchased dot coms. Doesn’t mean you can’t dabble in a few things but its not by chance that the weekly list of DNJournal is mostly dot coms. The New Gs are almost all registry sales. Those are certainly domain sales but they aren’t domaining sales so they should be excluded.
And to answer Rick Schwartz’s articles about being a business man. Not necessary at all. I used to trade at the board of trade. The pits were crazy. Just like you see in the movies. Hands waving all over the place. Orders being filled. Screaming men trying to get the attention of the paper aka the guy selling or buying. In the options pit were the mathematicians. They had sheets that told them where to buy or sell based on the underlying stock or product. They were the businessmen. Calculated and precise. Then there were the bond pits. There was no calculations. It was dog eat dog. Your only job was to buy and sell higher. The men and women in this pit were beasts. Half of them didn’t even graduate college but had millions of dollars in their bank account. You know how I know they were rich? Because the bad ones were at home broke. Bond traders people were nowhere near as mathematical or smart as the guys in the options pits but they made a hell of a lot more money because the action was liquid and fierce. They knew their product and the market like nobody in the world. They didn’t give a shit who was on the other end. Whether the other side had made or lost money. They were there to move paper. It was them, the pit, and the end of the day calculation of profits. They WERE the business.
A domain investor can do the same thing. They may use some intelligence to hunt down who would be a good fit for the name but they have to be aggressive beasts. They have a business but this isn’t Johnny’s furniture shop. This is out hustling, out calling, out working, other guys and girls trying to find and sell names. Business school is useless in this scenario. Rosener is the perfect example. He would have fit perfectly in that bond pit. They do what they have to do to flip names. There is no need to be a good businessman in the traditional sense. You just need to know domains and how to buy and sell them. They need to know some accounting.
So you want to make money in domain investing? Know your damn product. Learn what is selling and why. Work harder than the guy trying to sell or buy similar things. Work even harder again. Have some patience. Don’t buy up everything you see. If you don’t have money, out work and out smart them. If you have money then outspend them on the best names. But you sure as hell better know what the best names are. And finally, do it for years. This isn’t overnight. And sure as hell don’t buy dot app. Here are today’s names. Click through to see the current price
Quote of the Day: “Some will tell you what to do. Some will show you what to do. Either way its still up to you to actually do” -Me talking to my kid
Domain of the Day:
Namejet and Sedo Names and Others
Harpist.com I know one domain investing women that really should own this
DAUC.com Love the C at the end. Met reserve at $500 so its getting a new home
43X.com I’ve done pretty well with the NNX names. This one has met reserve at $250
River.App Told you app is killing it
SellMyApps.com and in the dot com form?
Godaddy Domains That I Like With Multiple Bids
BabbleFish.com Typo of Babel Fish. So often is it typoed that in their Google header they put “We are often mistakenly spelled Babblefish and a few other typos
cWire.com 1995 birthday. I only know it as thermostat wire. Obviously could be used for other things
MyListings.com At four figures. I should use it to keep my listings on here organized. I’m not very good at it
CFFX.com The Chinese would have loved this one
00550.com 5N with only two numbers. that’s good for $2K or more lately
Host.cc One of the few .cc I would buy
SuperFarmer.com 20 years old. All farmers are super
93488.com 5N with a double 8 at the end? That’s real real nice
RedEagle.com I figured this name would be the fan favorite
ShortVideos.com Because everyones attention span is limited
CrazyFit.com Anyone can get fit but can you get crazy fit?
AmazingApartments.com They better be pretty good apartments to use one of the most overused buzzwords in the title
JetCom.com never a big fan of com dot com names but I’ve been overruled by all the bidders
Godaddy Domains With No Bids
RentAJohn.com Rent a toilet name with no bids
QSheet.com Sounds techy. 18 years old. And no bids
MegaRound.com Not just round. Mega round
CellRx.com Cell repair shop name for $12
EclecticDesigns.com Only one bidder on this one
Tahio.com No bids on this 5L.com
OTHER Godaddy Domains With Bids