How do newcomers in the domain name investment market maintain a good attitude?

Investment 19 Sep 2023 08:32:33 AM By DN platform editor
Abstract:

Due to the expansion of domain name transactions and the increase in transaction volume, the domain name investment industry has become a newcomer in the world of internet investments.

Due to the expansion of domain name transactions and the increase in transaction volume, the domain name investment industry has become a newcomer in the world of internet investments. It has indeed created many miracles in the domain name investment community, similar to the domain name giants like Cai Wensheng and Xiamen Shusheng. For those eager to start a business and make a fortune, desiring overnight fame on the internet, it is indeed an exciting opportunity. Consequently, one group after another of newcomers, armed with dreams of achieving a "meter of wealth" and ample capital, have entered this unfamiliar territory, frantically registering domain names and acquiring them.

How do newcomers in the domain name investment market maintain a good attitude?

At a time when the domain name trading market is chaotic due to the activities of newcomers, some early domain name investors have already secured high-quality domain names and established sound operational teams with the substantial returns they earned before. In comparison to newcomers battling it out alone, their advantages are evident. At present, it is unlikely that "meter of wealth" miracles will happen easily in the domain name trading market. To succeed, one must remain calm and put in the effort.

1. Register Domains Rationally, Impulsiveness Leads to "Tuition Fees"

Most people in the domain name trading community have domains they've acquired as "tuition fees," with the quantity varying. A common mindset among newcomers entering the market is that there are good domain names everywhere, and they want every domain. However, what you consider a "good domain" is often scoffed at by seasoned investors. A good domain should not only consider the quality of the domain's main part and suffix but also take into account the overall domain market environment, current popular themes, the target audience for the domain, and other factors. Therefore, domain name investors must adjust their mindset, reduce impulsiveness, and prioritize observation over action.

2. Domain Name Trading Has Trends, Valuation Should Be Informed

When registering domain names, if you can adhere to the principle of "letting go is gaining," you are not far from becoming a domain name investor. Many novice investors are not very enthusiastic about cost-cutting, always feeling that the more domain names they hold, the more opportunities they have for domain name trading. This is a perspective I do not entirely agree with. Registering domain names often comes with costs, which are calculated on an annual basis. By understanding recent market trading conditions, learning from actual cases, and gradually converting these experiences into your own, you can evaluate domain names more in line with market demand. Only then should you start looking for high-quality domains to invest in.

How do newcomers in the domain name investment market maintain a good attitude?

3. Networking is Essential for Domain Investment, Expanding Connections Opens More Paths

As the saying goes, "more friends, more paths." The importance of networking resources in any industry is self-evident. For domain name trading, it's especially crucial to maintain an active presence in the domain name trading community. For many individual domain name investors who have joined the ranks of domain farming, the probability of grabbing high-quality domain resources is already very small. Therefore, short-term speculation is more suitable for individual investors. To facilitate faster transactions and sales, newcomers should make more friends, especially in the domain name trading market. Focus on communication with other investors to expand your sources of information. It also helps you stay updated with market trends, make informed decisions, and, with a wide network, makes it easier to transfer domains and profit.

4. Domain Name Promotion Requires Skills, Mastering Techniques Can Double the Value

If you feel that you have enough domain names in your portfolio and it's time to sell them, then mastering certain promotion techniques will make your domain name trading journey much smoother. In an era where competition is fierce, waiting for buyers to come to you passively might lead to losses. To quickly and profitably sell domain names, having the right methods is essential. For domain name investors, newly registered domains do not require negotiation, but when it comes to purchasing sought-after domains, negotiation skills and purchasing techniques come into play. Learning about negotiation psychology, drawing from others' successful experiences, and putting them into practice will help you negotiate better and prevent the pressure of high-priced purchases. In the trading process, by having the buyer make an offer, searching for buyer information, assessing their identity, and negotiating, you can often secure a higher purchase price. Novice investors should remember not to hold unrealistic expectations of achieving a "meter of wealth." Adjust your mindset, set reasonable price expectations for domains, and sometimes, completing the transaction is the ultimate goal.

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