So last week we asked if you thought domaining was investing or gambling or a hybrid of both? 57% of the 162 respondents see domaining as a hybrid. 12% saw it as flat out gambling and 30% as straight investing.
Domaining – Investing or gambling?
6 thoughts on “Poll results on NameJet and whether domaining is gambling”
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It’s gambling when people think they can buy domains cheap and hope others will pay them more for it without doing any work in trying to sell. Sometimes I get people trying to sell domains for hundreds of dollars on ones they literally registered within the past month.
Why do people have beef with namejet?
While I’m sure you’re referring to hand-reg’d garbage, I don’t think registering a domain within a month of trying to sell it, automatically means the domain is worthless. (i.e. dropcatching)
By the way, cool site. ?
Shill bidding still going on there as of last week. Happened to someone I know.
NJ won’t fully stop shill bidding, because they know it’s been happening since day 1 and they profit from it.
If you buy an income producing asset, or an asset you truly believe will produce income, it is investing. Part of investing may be expecting the asset to increase in value well beyond that justified by present income. i.e., you might think the asset will be able to produce more income in the future under different control or circumstances.
If you buy an asset that produces no income and could not reasonably be expected to produce income for anyone in the hopes that others will pay more for it, you are gambling.
In my own opinion,domaining is investing though sometimes want to look like gamble.