Take Advice for What It's Worth

When I had to write reports in high school and college, I was usually required to cite many sources rather than a single source. This was to ensure that the information was accurate and factual instead of simply one person’s opinion. Sometimes a person’s opinion is accurate and factual, but it is important to see what others say to make sure of it. The same goes when you are looking for advice in the domain industry.
Whether you are looking for advice on whether to buy, sell, develop, park…etc or anything at all in this industry, you should try to get as many opinions as possible and make the best determination yourself. Before Frank Schilling started his famous blog and before the domain forums became as popular as they are now, most industry pioneers had to go out on a limb and go solo for many of the things we openly discuss today. They didn’t have (many wouldn’t want) the luxury of openly discussing strategy. Today, it is an important part of the domain industry.
Just like anything else, it is important to know about who is giving the advice and their motivation. I was reading one of the popular forums the other day, and someone was asking how they should reply to an offer/solicitation. Some of the answers were not only unhelpful, but they probably would have been harmful. There are plenty of sources of information out there, so the best advice I can give is to use all of your trusted sources carefully.
Free advice is cheap, but it can be very expensive.

Elliot Silver
Elliot Silver
About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has closed eight figures in deals. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest. Reach out to Elliot: Twitter | Facebook | LinkedIn
  1. Nice post. I completely agree with you. I’ve also recently read contradictory advice that is often un-business like. I think it’s important to take advice in the forums with a grain of salt.
    Keep up the great work.

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