One thing everyone who reads domain blogs, forums, and other informational domain industry websites should keep in mind is that we all are in different financial situations, come from different backgrounds, have different expectations, and have different financial interests. Yes, this is obvious, but it’s important to keep in mind when reading advice or suggestions anywhere.
I regularly see people soliciting advice regarding a particular situation. This is often related to an inquiry or offer on a particular domain name. The advice that is shared is usually diverse, but some would certainly lead to bad outcomes. While it may be good to get outside opinions, I don’t think it’s necessarily helpful when it comes from people who are likely in vastly different financial situations and have different backgrounds. The right move may be to accept an offer, but listening to advice that recommends spurning the offer can kill a deal that may be critical to the domain owner.
In addition to this type of situational advice, everyone has their own vested interests. There are domain investors, registrar and registry representatives, parking company account managers, industry lawyers, domain brokers, and a variety of other industry-connected individuals who contribute to the commentary in the domain space. Each of these people has a unique take on the industry, and their backgrounds would lead them to give very different advice. This advice, while good in a vacuum, may not be helpful to the person seeking it. That person may heed this advice due to successful background of the person giving it. However, the person giving the advice is likely in a very different position.
Finally, we all have different business models and there are many ways to successfully operate a business in the domain space. You and I might have completely opposite strategies, but we are both successful. Just because you are successful with your business, does not mean my method is bad. Likewise, just because I do something a different way doesn’t mean my strategy is bad.
Making things a bit more complicated is the fact that there are contributors who don’t have much experience in the domain space. I think people want to be helpful by giving unfounded advice based on their intuition, but sometimes that advice is not really good.
I don’t believe people intentionally give bad advice. I also believe that great advice may be helpful to some people but harmful to others. Not knowing whether this advice is helpful or harmful is part of the problem, and blindly following advice can lead to a bad outcome. Keep in mind everyone comes from a different background, has different business interests, and has different levels of experience in the domain space. We are all different and should keep this in mind when reading advice anywhere.