One of the most important thing in the domaining business is the entry and the exit!
The entry involves predicting the demand and making a buy call. When and what to buy, what will have a value in the time frame that I am looking for, in this particular investment are some of the questions that you need to ask.
The exit involves, knowing when is it the right time to sell. Considering the pros and cons of rejecting or accepting a particular offer on a domain name, and then finding the right time to sell it.
For example, there was a time when 4 letter domain names were in huge demand in China. It was trending and within days, we saw the prices surge from high two figures/ low 3 figures to 4-figures.
In those days, people looking for quick flips bought them at a certain price on one day and as soon as they would find a buyer at a better price, they would sell them off.
Sometimes, that took hours, sometimes a day, sometimes a week or a month.
It was a trend that dried down later, with some people caught up with the investments that they made.
So, we need to know the time frame for which we are investing, the entry and exits.
Your thoughts?
The entry involves predicting the demand and making a buy call. When and what to buy, what will have a value in the time frame that I am looking for, in this particular investment are some of the questions that you need to ask.
The exit involves, knowing when is it the right time to sell. Considering the pros and cons of rejecting or accepting a particular offer on a domain name, and then finding the right time to sell it.
For example, there was a time when 4 letter domain names were in huge demand in China. It was trending and within days, we saw the prices surge from high two figures/ low 3 figures to 4-figures.
In those days, people looking for quick flips bought them at a certain price on one day and as soon as they would find a buyer at a better price, they would sell them off.
Sometimes, that took hours, sometimes a day, sometimes a week or a month.
It was a trend that dried down later, with some people caught up with the investments that they made.
So, we need to know the time frame for which we are investing, the entry and exits.
Your thoughts?