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Domain Investors Must Continually Test and Adapt to Succeed
Domain investors often fall into the trap of sticking to the same strategies and assumptions, failing to recognize that patterns and opportunities in the market can change. However, those who are willing to test their assumptions and adapt their strategies have a higher chance of success.
For example, the author of this article shares their experience with bidding on expired domains at GoDaddy. When the closeout prices were $11, they successfully sniped domains the moment they went to closeout. However, when the prices increased to $50, they decided to wait until the domains reached closeout before considering a purchase. This strategy caused them to miss out on potential opportunities, as many “good domains” never made it to closeouts due to other investors sniping them.
The author also emphasizes the importance of collecting data and analyzing trends in the domain market. By monitoring where domains are purchased in the closeout process, they were able to gain insights that will inform their future strategy. Additionally, they have started testing alternative platforms for acquiring fully deleted domains and have been surprised by the results.
Overall, the key takeaway for domain investors is the need for continuous testing and adaptation. Sticking to outdated assumptions and strategies can limit potential opportunities and hinder success in the industry. By being open to change and constantly evaluating and refining their approach, domain investors can increase their chances of profitable investments. For more information on domain investment and to explore new platforms, visit teat.ai.
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