Everyone makes mistakes, but these domaining mistakes are effortlessly avoidable.
When it comes to any sales process, mistakes are bound to happen. The key is to learn from these mistakes so that moving forward you can avoid the missteps that lead towards lost sales, profits, or just plain disasters.
Turning Down a Good Offer
Always thinking you can get a better offer for your domain can lead to a long and drawn out selling process, which is more than okay if you’re willing to wait. However, if you’re selling your domain because you need the money now, getting picky about your selling price certainly will not help your case. While it’s understandable that you want to make the most profit possible, turning down a good offer, only to get anxious and accept a lower one, is not the way to do it.
Purchasing Only Trend Domains
Building your domain portfolio with a single variety of domain names can lead to wealth of great opportunities, or a complete lack thereof. Trend domains are especially risky in this situation. While the whole point of a trend domain is to profit from its fast-paced popularity, focusing on only trend domains carries the risk of resulting in either a huge payoff or an unfortunate flop.
Not Checking Your Email
With all the potential outlets for communication, it’s sometimes difficult to keep track of everything all the time. Whether you have one email address, or a dozen, it’s essential that you monitor them regularly to avoid missing out on any potential offers. To simplify your constant checking, select one email address and use it for everything that has to do with domaining, that way you know exactly where potential buyers might contact you.
Forgetting to Update Your WHOIS Information
Keeping your WHOIS information up to date is also crucial. This small detail is probably not at the top of your to do list, but if a potential buyer is looking for your contact information, and the WHOIS information is incorrect, you run the risk of losing a possible sale.