What mistakes have you made in domain name investing? Learn from your mistakes

In domain investing, everyone makes mistakes, but the key is to learn from them and continually improve. A domain investor shared his experiences, reflecting on the mistakes he had made and offering some valuable lessons.

Firstly, he pointed out that one of his biggest mistakes was buying domain names that he liked but had little to no market demand. The essence of domain investing lies in being able to sell domains to others at a price higher than the purchase price, so consideration of potential market demand is crucial when buying.

Another common mistake is not knowing when to let go of a domain name. Sometimes, continuing to renew a domain name may yield zero returns, making it a better choice to abandon it.

Additionally, he mentioned issues such as mistiming purchases, holding onto domain names for too long, and refusing offers that should have been accepted. These are challenges domain investors often face, but through reflection and learning, these mistakes can be avoided in the future.

Finally, he advised against blind purchases of domain names before fully understanding the domain market, and cautioned against being extra careful when purchasing .BIZ domain names. Despite having made some mistakes, he kept his expenses for each domain limited to under $15, thus minimizing risks.

By sharing his experiences and lessons learned, this domain investor hopes to help others avoid making the same mistakes and achieve better results in the domain investing field.