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Learning from Mistakes (Domaining Tips)
About 4 months ago I was going through a huge list of domain names on auction at NameJet (a place where you can bid on expiring names that have value)... anyway it was late in the night and I was desperate to find a bargain after losing out on two auctions earlier in the day. I'd spent about an hour looking through and researching a bunch of domain names that were about to go to public auction. There was a lot of good names but they were already out of my budget. Then just as I was about to logout - I saw something amazing!!! A .com domain with two highly searched keywords and it was only $60 at the auctions close-out. I thought heck, I'll have a piece of this - $70 in I went. I didn't think I'd win, I was sure there'll be some late bidders. But nope. None. I won!!!! Hold on a sec.... a closer look and I realized that the domain was a typo - a spelling error... a WASTE! No wonder there weren't late bidders - I mean this should be worth thousands if it were the real deal. I should've known this was too good to be true. So there I was, stuck with a useless domain name for which I paid $70!!! I can't even sell this for $7 if I tried. So... there was a few lessons to be learned here... - Don't go registering or worse, bidding on domain names at late night (especially when under the influence of alcohol)! - Always remember, if its too good to be true, then it probably isn't true. - Do some research, don't rush into things. - Learn from your mistakes.
Great... well not quite... I only went and bid on what I thought was a PR6 domain - only to leave doing the research a bit too late. It turns out this is a spoofed PR (its fake). I'm hoping someone outbids me so that I don't lose $150! I'll go into more detail about fake PR domains at the Demonised.com website - have look in the "Domaining" section. Oh yeah... and learn from my mistakes. :)
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Contributor's Note
More about avoiding silly mistakes and about fake PR sites and how to avoid getting tricked into buying them... all on www.Demonised.com
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PLEASE VISIT THE CONTRIBUTOR'S WEBSITE
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May, 2012
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