There are many helpful domain investors who share tips, insights, and thoughts on social media. It’s super helpful to see what others are doing and where they are finding success. There is much more real-time information available now than there was when I started out.
Despite all of the data that is freely shared, there is no vetting and/or minimal verification of information. I would imagine most people who share are doing so with good intentions, but even the most transparent people don’t share *everything.*
There are many trials and tribulations with domain investing. Most people who share are primarily interested in sharing sales and/or successes. Only seeing the public wins that are selectively shared can be (unintentionally) misleading to people who are just learning about domain investing.
I urge people to use caution when relying on social media to make domain investing and business decisions. Take everything with a grain of salt. Even legit sales reports don’t tell the full picture of what went into a sale or how the deal came about.
Domain investing can be a lucrative business for some, but it’s not usually as simple as it may appear.
Yup yup yup I believe everything on the internet aka BullShitWebsites.com
Good points.
Bankrupt and insolvent domainers tell no tales.
They come, bark loudly for awhile, and eventually fade away without announcement.
Use social media with a critical eye and closed wallet.
On social media, it can be difficult to tell who is doing well and who isn’t. You don’t always get the full story.
Better off reading domain blogs like yours and DNW IMO
Most people on Socials are not trustworthy.
Domain investing is hard work.
Making money takes hard work and often requires a bit of luck.
Some might get lightening in the bottle by taking short cuts, but they rarely get struck twice …LOL (well, i guess that could be a good thing)
If I had $100 for each article I read, “How Easy Is It to Make Money Buying and Selling Domains” I probably would have written this post after three months of vacation in the Fiji Islands.