How is "rice farmer" made?Listen to what the domain name investment master says!

As the digital era unfolds, domain names, as vital digital assets, are increasingly revealing their indispensable value. They have not only become the "must-secure territory" for various platforms but also garnered the attention of many investors.

So, what should newcomers in the domain name investment field pay attention to? Today, we've compiled advice from seasoned foreign domain name investors for those looking to become adept "domain farmers." Let's take a look together!

Braden Pollock:

One common mistake almost everyone makes at the beginning is registering a bunch of valueless domain names. You need to understand the value of domain names and what domains companies are using first. After grasping these important lessons, you should start investing slowly and remember that patience is key.

Dennis Tanerino:

For those just starting in the field, the best advice I can offer is to remain humble and educate yourself about domain investing and the industry before purchasing anything:

Regularly read domain investment blogs and news.

Observe and study sales trends on major domain platforms.

Engage in domain investment communities, forums, and other channels.

Work on enhancing your sales knowledge/skills.

Bob Hawkes:

1. Determine your goals, how much you're willing to spend and potentially lose, and why you want to invest in domain names.

2. Set realistic expectations. Not losing money in the first year is a very achievable goal.

3. Leverage your strengths. Invest in areas you are familiar with, based on your knowledge, skills, and experience.

4. Invest in what genuinely interests you. Passion and commitment are essential for success.

5. Try different approaches: different markets, acquisition sources, pricing strategies, and at least a few different types of domains. But don't attempt to invest in every trending area.

Alex Verdea:

1. Improve your sales and communication skills.

2. Allocate 98% of your time to sales research and only 2% to purchasing domains.

3. Find a mentor who can guide you.

4. Be patient. Domain investing isn't a get-rich-quick scheme.

V.P. Nnanna:

Don't give up due to slow sales, as a dry spell might make you consider quitting. If you have enough funds, invest more in premium domains, as a larger portfolio increases sales opportunities. If you're investing in geographical domains, price them reasonably.

Busy Father:

1. Understand reality: Not all domains will sell. My sales rate is 1%, which is even lower for most. This isn't a get-rich-quick plan. Otherwise, everyone would quit their jobs to become full-time domain investors.

2. Have your investment portfolio. Don't buy domains without a business strategy, as this might waste a lot of money.

3. If you're interested in investing in .xyz domains, follow Swetha and study her portfolio.

Domain names, as the foundation of the internet and a key to early business layout, have become an essential "resource battleground" for major companies, leading them to invest heavily in acquiring quality domain names.

As long as there is a market, the fundamental value of domain names remains assured. With a vast user base and extensive application prospects, domain names in the investment field continue to gain attention and interest due to their strong value growth.

In conclusion, domain name investment is a promising industry. If you're interested, seek guidance from experienced predecessors, learn from their experiences and lessons, and accumulate practical knowledge. With time and practice, you'll go from being a domain "novice" to a seasoned "expert" in no time!