In this
article we shall be pointing out certain falsehood that a lot of people has
been spreading on the social media and forums about domain investing. A few amateurs
has been lucky to buy domains and made few bucks with it. They were not able to
replicate their success anymore because of the lack of education that you are
getting in this site. But their first luck was brown out of proportion and they
go online and spread lies that nauseate professionals. So they crowd newbie in this
industry with illusions. We shall expose those illusions now.
1. Starting Domain Investing is Cheap
It is true
that you can buy a domain name as low as $10 dollars and sell it for $100 or
$1,000. YES it is true that you can even buy an expired domain that worth more
than a thousand dollars for only $100 in auction. But this does not mean that
it is a very cheap business to start. The reason why I could like you to be
cleared of this misconception is that there is no guarantee that you will sell
your domain immediately. You may be required to hold the domain for a period of
3 years before you can even get a potential buyer. It is an investment, and it
could be long term. Therefore, holding a domain for 3 years just for sell makes
the value of the name to be depreciating and incurring renewal charges from
you. So you must be ready to embrace this reality for you to be successful long
term in this business.
2. You don’t need any work to sell your
domain
I read so
much in the forums that once you register a domain f
or sale with any of the
auction sites, all you have to do is sit back and money will begin to flow to
you without any further work. This is false and a big illusion. The reality is
that you must have to work hard in order to sell your domain. Working hard
entails making research and writing to prospective buyers who may interested in
your name.
3. Get Domain Put Website to it and
Sleep
By estimate,
about 7.3 million websites are created every day and more than 95% of them fail
to yield money. Why do you think it is that way? Many fall prey to illusions. Putting
your domain to a website does not earn you money while you do no work. What it
does is that as your drive traffic to the site, the value of the domain
increases. As it increases, it can generate you some money when you sell,
alternatively, you can monetize the site so that your visitors will make money
for you.
4. You have to be Internet Guru to make
Money in Domain investing
This is a
typical lie. All you need to become successful it to stick to what we are
teaching you in this blog, and be ready to have patience. This is business and
it entails a lot of learning, and hard work. It is never a get rich quick programme.
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