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|Confessions of a domain name junkie|
Bad habits die hard
I started using in 1999 and quickly moved to abuse.
My habit peaked in 2000 and it has never really abated.
My habit has cost me 100s of 1000s of dollars.
To feed my habit I've sometimes acted as a dealer. I made some 5 figure deals. This only reinforced the habit.
I have a lifetime supply, 1000s still. Am I rich or am I poor? I don't know. My perception is altered. Sometimes I wish I had a beer habit. Beer: You drink it, you feel good. You also feel good when you pee away your investment in beer, it's a relief. I don't get the same feeling when my domains are expiring.
I once was paying my pusher$70 for a domain fix. Now I pay $8.00 for a fix. I could even pay less. I don't know why I don't. I believe that my latest domain pusher likes me and is there to protect me...so I pay a little more.
I keep looking to see if I might score again. I buy Snaps. I pay to enter the Pool. I bid to be a Winner.
I've got a double addiction now: A domain addiction and an auction addiction. I keep telling myself "not today, no more". I haven't had a dry day in awhile.
I worry that I might accidently drop a score, so I keep "patting my pockets" to see if a score is about to fall out onto the pavement.
It's been painful at times to say "Wow, I scored some bad s#%% man. Let it go." I do. Feelings are mixed. Relief from release. Pain from admitting a failure. Dumbfounded when fools line up to devour the crumbs from my table. The circle is unbroken.
I'm ready to kick the habit but I hear there's some good money to be made, that the market is heating up. Then I score a big sale. Then another. Someone says "hey, you got some really good s### there". My mind gets foggy. Now .... I'm the pusher again and the money burns in my account. Do I score again?
I am a domain junkie and today is the first day of the rest of my life. Today I will not buy a domain.
Sounds like you got it really bad! As you are well aware, the game has changed.
I'd say get out of the game OR "find a better way to play"!
Drop it and don't look back!
"Here, let me relieve you of that burden. Drop that heavy bag of domains...;-;-"
Paranoia .....another side effect of abuse....;-)
Sell them in a big pack, then become a website designer, creating just a maximum of 5 websites that require consistent updating.
That'll start a cheaper, and more fulfilling addiction. You can also write a book on this bad habit of yours :)
There's someone on every corner hustling outfits. I'm just chipping. But who am I kidding?
Are you feeling sick? I can make you feel better.
I was like you, although mine was .co.uk and (never went for the hard stuff) but have now recovered,
i do still get the ocassional urge....
you can do it, you know you can
D.A. Domainers Anonymous. Meeting at the Clarion pool. Feels like I am pulling against the reigns.
Arrrggghhh. Scored a good fix the other day. Really. Rationale minds might differ...but I know better...or do I? Actually scored several. I'd tell ya what they were but then I'd have to....edit them out .;-)
But, there's hope...I bailed on a $$$$ buying negotiation when 1 of the 3 domains wasn't actually in play. Fool actually had a pending agreement through a different broker. Thank-you. Amen.
But, I digress. I want to stop buying and focus all energy on developing. Buying is a distraction. I would like a fix of revenue, not a domain score fix. Maybe get hooked on AdSense and search engine feed partnerships? Would like to try that...Would also would like to go fishing. Haven't done much of that lately either.
Okay. Here's the deal with myself: Close on pending deals and don't buy any domain for next 7 days. Don't even look. Rationale to self: Develop sites, show they make $$$, enjoy the $$$ and enjoy the rush of "realizing the dream".
This may be an avoidance syndrome. Keep buying and avoid ever "running the experiment" - building the sites and networks. I have studied my brain foggy and soggy on all the different options, approaches, to what I am doing. Everything keeps evolving. Seems no matter what entry point I choose change will be inevitable and there will be a need to go back revamp, redesign, revise the model.
Ready, fire, aim? Might apply here. Take focus as a flow, not a prerequisite.
Okay. Close the deals and then, for one week: 1) No searching for domains to buy; 2) No filing Snaps; 3) No searching drop dates. Nothing. Nothing at all about buying domains, except polite responses to anyone who contacts me about past emails.
These are the confessions of a domain name junkie.
P.S. Thanks guys.
The day I slowed down was when the fiance opened the credit card bill and saw hundreds of charges to godaddy for a single day.
After attempting to explain domain name specualtion, she stole my credit card.
I compare it to day-trading stocks, a minuscule percentage of those who try it will come out winners.
TURN AROUND AND PUT YOUR HANDS ON THE CAR, NOW!
YOU HAVE THE RIGHT TO REMAIN SILENT...
ANYTHING YOU SAY CAN AND WILL BE USED AGINST YOU IN A COURT OF LAW...
YOU HAVE THE RIGHT TO AN ATTORNEY...UH...OH, I SEE YOU ARE AN ATTORNEY....
Been there, done that, am still doing it (2,450 domains and counting).
I've bought domains from Edwin ... does that make me an enabler?
I'm not a junkie, really I'm not, I have PLANS for all my domains ... really I do ...
I like it... I like it...
How many of you just collect - or do you actually go in and nix out the wheat from the chaff? A former boss of mine had a similar addiction, but oh man some of the gold he picked up on a whim!
I'm certain the worst offenders are lurking and looking, but not yet confessing.
"Come forward, my child, confession is good for the soul."
P.S. Set up extra chairs poolside. This may involve a larger turnout than expected.
And Bucky! You! I never would have thought! Why, I have a whole new respect.....err, I mean sympathy for you poor child...
Psssst.... Did you see the new ones? Oh, they are sooooo....hot? Sex & The City Hotttt..... Okay, so they're dot orgs. Buy, ya never know....
Fella, if I could pluck off those dot orgs and make them dot coms I would be crusing to PubConf on my yacht tomorrow ;-)
Now, whether or not any website's functionality, popularity, brandability, memorability, or credibility is destined to underperfrom much because the website name is followed by a little dot org versus a dot com I really can't say for certain. But....that's quite alright with me. What I mean is, if people insist that I should pay for my delusion/addiction at 1/100th or 1/1000th the rate of what I would otherwise pay if they slapped a dot com on "the word" before selling it to me, well,... I'll just suffer my way through it...;-)
Frankly, certain basic, industry grade words annexed to a website - say, tourism, trade, investing, commerce, export, environmental, wedding, designer, clothing, vacations, holidays, rentals, etc. - look just about as nice to me followed by dot org as they do when followed by dot com, ... al other things being equal.
But, then again, that's my delusion. Expensive as it may be it has been far less expensive than if I was married to the delusion that the MIGHTY dot com was the only arbiter of all those issues - functionality, popularity, brandability, memorability, or credibility
So, that in a nutshell is how I've justified much of my addiction.....and, I still gotta stop....just after the next/last round of transfers arrive....
and, oh, they are soooooo hot...
See ya all at PubConf.
Not one of the "worst offenders" by any means, but I did buy about 25 domains or so back during the tail end of the really crazy period a few years ago. Haven't sold any of them, but I realized about half of them were useless and let them expire. It felt weird.
I still have about 10-12 domains that I would like to get rid of at some point, because I have NO plans to do anything with them (aside from trying to profit). And that actually makes me feel guilty. (The part about never doing anything with them, not the part about profiting.)
I basically try to ignore the domains I own because I remember how addicting it was even at the little baby-level I was at when buying domains. 25 domains ... rookie!
What I find is that the domains easily pay for themselves long before the end of a calendar year, in terms of sales vs renewal fees. In any given year I might drop 25% of my portfolio un-renewed, so theoretically (hopefully) the "average quality" of the remaining names I still hold should be going up every year.
The main trouble with domain names is that if chosen carefully they're DEFINITELY worth more to much more than reg fee, but unless A) they're super-duper-top-notch names and/or B) you price them "unrealistically cheaply" compared to the market, you can't be sure of monetizing any particular domain or group of domains within a specified period of time.
those were the most enjoyable posts I have ever read.
sounds like someone should start a domain pawn shop...
i don't think you really have a domain name problem until you crack the 10,000 domain names or so threshold.
and then I would only consider it a small problem really.. nothing I can't quit ... at least until tomorrow's drop
WOW! Am I glad a I stumbled across this thread! I've bought 10 domains within the last week or so, and I thought I was crazy!
Very glad to see that I'm not alone - and that I might be able to nip this before it becomes a huge problem.
I think there might be a patch for this at DOM-ANON.COM. Or was that DOM-ANON.ORG? wait - I'll be right back...
LOL yes, great thread WebWork...
rcjordan you got me thinking about comparisons with daytrading...
The domain market & the stock market pay you for one thing and one thing only...for being diciplined. If you need an addiction, get addicted to dicipline. Don't buy and sell based on your emotions...do it based on the reality taking place in front of you.
Do any of you have an opinion on dot.US.? I own about 20 decent generic.US names. I have an equal number of dot.INFO and .COMS. Any opinions on where the market is headed?
Look around at what is selling. If you like the names you have enough to keep renewing them then renew them, if you don't, then don't. There have been .us and .info sales (some info's quite large).
Yep, it's addictive alright. I've managed to reduce my stockpile down to just a little over 500. I started buying Just before the dot-com bubble burst (back when domain auction sites were hot and Business.com was auctioned off for millions of dollars).
But, the majority of people who have ever made contact with "offers" to buy a domain have just been looking to get them Very cheap ...No profit in that.
It's difficult to let some of them expire. But, it's expensive to keep a large stable of them if too many are not developed and producing income.
I am still hoping .us "comes into it's own" someday.
>Do any of you have an opinion on dot.US.?
I have a couple of older .us domains which get a bit of traffic and decent ranking for the one word keywords they represent.
A month ago I picked up two .us domains for a seasonal activity which is going to become popular soon and they are beginning to get some good activity. They show up way down in the 40's on google.com but Yahoo lists them first for the most common search term.
an interesting read...
Come on - people are here to dry out. We don't need any enablers!
Lost a domain in my first NameWinner experience yesterday. I purposely didn't ask for a higher limit (default is $100) on my account because deep down, I knew that I didn't want to pay any more than that. Then, in the auction's final minutes of course, someone bid $110. I was maddly scrambling to find a phone number to NameWinner so I could increase my limit. I never found one and watched in horror as the auction ended and my prized domain slipped away.
So that helped.
Great read, Shak.
>rcjordan you got me thinking about comparisons with daytrading
Anyone will tell you that discipline is not my long suit.
How's this; I'm currently working on a high-6 sale having flatly refused lower-mid-6. Keep buying, guys, there's still gold out there.
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