How I saved $39,420 by not buying a domain without a prototype
adamduvander.com
How I saved $39,420 by not buying a domain without a prototype
1–10 of 38 posts
Re: How I saved $39,420 by not buying a domain without a prototype
#2Why, just this morning I saved myself 360 million dollars by not buying a Boeing-747!
Re: How I saved $39,420 by not buying a domain without a prototype
#3Why, just this morning I saved myself 360 million dollars by not buying a Boeing-747! http://www.boeing.com/boeing/commercial/prices/
It is tempting to go with this line of reasoning :-) Although the more salient point is getting a better handle on predicting the return on an investment. I'll admit that I've bought a third party accessory that I was "pretty sure" would work with something, only to find out that it would not, and then being unable to return the accessory. That really was money down the drain. My wife, being much more frugal than I, has pretty much trained me out of that habit. And of course it is especially dangerous in business.
Re: How I saved $39,420 by not buying a domain without a prototype
#4I actually made $500 by buying a domain without a prototype. Back in college I started working on a personal project I decided to call "Silicon Brain". As soon as I had my first 5 lines of JavaScript I bought the domain name "sibrain.com". Fast forward a few months... I've lost interest in the project. Someone contacts me looking to buy the domain, I accept, payment is made within a week, and I am $500 richer.
[EDIT: Thanks joelrunyon for the cached copy.]
I'd like to make a counterargument: that if you think of a domain name that's relatively pronouncable and not extremely limited in scope (e.g. "joes-art-supply.com" would be pretty specific, but "joeworld.com" doesn't limit you as much) nab it. Granted, you don't want to be doing this every day, but remember, "google" was once a nonsense word (okay, it was a misspelling of a number that was rarely used outside of certain contexts).
Re: How I saved $39,420 by not buying a domain without a prototype
#5Site is down.
Mirror here: http://webcache.googleusercontent.com/search?q=cache:http://...
Re: How I saved $39,420 by not buying a domain without a prototype
#6His numbers seem a bit off & inflated to make the point.
For example - why does he have to buy 3 domains per idea he thinks up? Getting the .com alone would be sufficient until he actually does have a prototype. Similarly, why is he bound to hold on to them for 3 years a piece?
A good alternative would be the "1 year rule" or buy a domain & commit to not renewing if you don't have a prototype finished by the first year.
All of a sudden - instead of risking $40k, you've got that by a factor of 10 (and that's if you're actually buying a domain every single day). At that point - the domain buying either needs to be a part-time job or is a really bad exercise in procrastination & distraction.
Alternative Numbers
> 1 Year - 365 Ideas
> Domain - $10.50
> 1 Year = $3,650
Re: How I saved $39,420 by not buying a domain without a prototype
#7Why, just this morning I saved myself 360 million dollars by not buying a Boeing-747! http://www.boeing.com/boeing/commercial/prices/
i saved 15% or more by switching to geiko
Re: How I saved $39,420 by not buying a domain without a prototype
#8I actually made $500 by buying a domain without a prototype. Back in college I started working on a personal project I decided to call "Silicon Brain". As soon as I had my first 5 lines of JavaScript I bought the domain name "sibrain.com". Fast forward a few months... I've lost interest in the project. Someone contacts me looking to buy the domain, I accept, payment is made within a week, and I am $500 richer. [EDIT:…
The guy who bought the domain from you could have saved himself $500 had he not bought the domain before prototype (the site is dead).
Re: How I saved $39,420 by not buying a domain without a prototype
#9I actually made $500 by buying a domain without a prototype. Back in college I started working on a personal project I decided to call "Silicon Brain". As soon as I had my first 5 lines of JavaScript I bought the domain name "sibrain.com". Fast forward a few months... I've lost interest in the project. Someone contacts me looking to buy the domain, I accept, payment is made within a week, and I am $500 richer. [EDIT:…
and now its just a parked 'for sale' godaddy domain. The early web pioneers thought domains would help produce more websites. Instead they're abused as investment vehicles while we keep stripping away vowels to find one that isn't taken.
Re: How I saved $39,420 by not buying a domain without a prototype
#10I actually made $500 by buying a domain without a prototype. Back in college I started working on a personal project I decided to call "Silicon Brain". As soon as I had my first 5 lines of JavaScript I bought the domain name "sibrain.com". Fast forward a few months... I've lost interest in the project. Someone contacts me looking to buy the domain, I accept, payment is made within a week, and I am $500 richer. [EDIT:…
The guy who bought the domain from you could have saved himself $500 had he not bought the domain before prototype (the site is dead).
Good point. I'm probably only justifying my "habit" here...