Different Circumstances Require Different Paths
First off, before I even start this post I want to lay some things out, this post by no means is a knock of the old guard, as anyone that knows me can tell you I have major respect for the people that have been leading the domain industry for years, but as of late I have noticed a few things happening and it caused me to think a bit about the shift I think is starting to occur.
First off, I would venture to bet that 95 percent of domain investors today started in the past 5 years, maybe even in the past few years. Myself, well I was aware and understood as far back as 1996 but cannot say I actively started focusing on picking out a few good ones until 2002 or so when a few unrelated events slapped me in the head with how quickly the quality names were going.
All that said, if you have not noticed, here of late there seems to be many more posts on various blogs, and not just mine, talking about how you have to be more creative, etc to be a domainer today. That is something that I have always thought but the issue with that is that the majority of the industry leaders we read about or continue to follow came from a different set of circumstances when buying their domain names. They came from one of the following:
1) Started buying back in the mid nineties.
2) They had money to start with.
3) They used the money from being able to sell their names based on item #1 above to be able to keep going big.
Now, lets be real clear here, they should be absolutely commended for having the foresight to grab this real estate early and understanding what they had. As I mentioned in my post yesterday, they took a different fork in the road than those who went before them and people thought they were crazy.
But I think now many domain investors are starting to see that they need to do things a bit different, many of the new blood domain investors just do not relate to the stories of names being bought at hundreds of thousands to be flipped for big profits, they are seeing they do not have the capital to do that. Or they cannot relate to picking up high type in traffic generics because they were not buying in 1995.
The point is, the new domain investor is having to think a bit differently and they are looking for info that relates to how they can move down a path of success.
Telling people that they cannot be successful because they do not have a one word generic dot com is not what the industry leaders should be doing, yet that is exactly the perception given off every day.
I love the stories of big name sales as much as the next person, but I continue to look for advice and success stories that relate to Joe Domainer starting today. I want to see more stories of people that have started in the past few years that did NOT start with large sums of cash coming into domaining or did not buy their names in 1995, but have still found ways to be successful.
If they were successful they did it by being creative, they did it buy finding a new path.
The advice that will help new domainers the most is the advice that comes from those that started in the same place they started.
If you have a success story you would like told, maybe someone you would like interviewed shoot me a message and I will see what I can do.