I 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.
How I saved $39,420 by not buying a domain without a prototype
11–20 of 38 posts
Re: How I saved $39,420 by not buying a domain without a prototype
#12However, this does bring to mind two good points:
* Consider validating an idea, or at least making a paper prototype, before spending lot of time or money chasing it.
* Getting the perfect domain name for an idea is not crucial to its success. Look at Dropbox, they used getdropbox.com early on, presumably until they were big enough to buy dropbox.com.
Re: How I saved $39,420 by not buying a domain without a prototype
#13Jeez, and here I am having trouble coming up with just one.
Re: How I saved $39,420 by not buying a domain without a prototype
#14Why, just this morning I saved myself 360 million dollars by not buying a Boeing-747! http://www.boeing.com/boeing/commercial/prices/
Re: How I saved $39,420 by not buying a domain without a prototype
#15> Just about every day I have at least one new idea. Jeez, and here I am having trouble coming up with just one.
Re: How I saved $39,420 by not buying a domain without a prototype
#16I don't believe someone can buy domains for a spur-of-the-moment idea back-to-back even 3 days before he'll realize he has a problem. I would think that you can at least remember than you bought a domain yesterday and try to work on it a little.
Re: How I saved $39,420 by not buying a domain without a prototype
#17> Just about every day I have at least one new idea. Jeez, and here I am having trouble coming up with just one.
The best way to overcome this is to keep a running list of any business or project you think of that's even remotely worthwhile. Continually groom and sort this list. It's like how comedians and writers come up with material, a lot of them carry around a notebook. Your brain gets used to having this background thread that is coming up with ideas and seeing all your ideas laid out in writing spurs new ones.
Re: How I saved $39,420 by not buying a domain without a prototype
#18Why, just this morning I saved myself 360 million dollars by not buying a Boeing-747! http://www.boeing.com/boeing/commercial/prices/
It warms my heart that Boeing has pricing information available, even if it's just average prices. I hate that "Call Us" where the price should be and needing to go through excruciating pitching by sales droid to get further, I'll ask them how their product is more special than a 747 next time....
Re: How I saved $39,420 by not buying a domain without a prototype
#19Re: How I saved $39,420 by not buying a domain without a prototype
#20When did that ever happen?
For every prototype I have build, I (or we in some cases) spend days looking for good name-domain combinations.
In my experience it is a real pain to find a domain worth buying for a specific idea, let alone 3 per day.