What is your Motive in Domain Investing?

It could be strange some people that I ask this question. They presume that the answer is obvious; I want to make money online. This is usually on the mind of beginners. They have heard testimonies of those that made it large in this industry and they want to jump in and grab the free money. The initial inclination it to set aside about $200 they think they need to venture into this industry, and go to a particular registrar and begin to acquire names. At the back of their mind they will say “if I sell at least, one I will cover my expenses and still have some surplus”. This is a wrong approach.

Even though there is nothing wrong with your desire to make money on line,

ILLUSIONS OF DOMAIN NAME INVESTING

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