I regret investing in domain names. Is it outdated now?

Ten years ago, a friend of mine was hoarding domain names in large quantities. He registered dozens of domain names around 2010. He spent money to buy pre-registration tools and stared at the webmaster tool to check the list of expired domain names every day, hoping that a good domain name would expire and be renewed at any time. He usually picked it up in the early hours of the night. Now he says he regrets investing in domain names. Is it outdated to invest in domain names now?

At that time, a domain name ranged from 29 to 59. After unremitting efforts, he hoarded hundreds of domain names and snatched a lot of double-spelled short domain names, full-spelled domain names and pure digital domain names. It is said that he spent a total of about 3,000 yuan. I was skeptical about how this could make money?

Until one day, he put all the domain names on a certain platform for sale, with a fixed price and a bidding method. In less than a month, a short domain name was sold at a fixed price of more than 30,000. I realized that domain names can really make money and earn back the money I invested before. From then on, he registered domain names more crazily.

However, domain name investment has not been as popular as before in the past three years. His domain names have sold out a little, and he has also bought a lot. Many times he regrets saving so many domain names. Last year, someone was willing to pay more than 10 million to buy his two-letter domain name, but he was reluctant to sell it for 12 million, so the transaction failed. Until now, he is still regretting that he did not sell it earlier.

In fact, it is not that investing in domain names is outdated now, but that he did not grasp the timing. Domain names are assets and products. It is crucial to judge good domain names. If you register domain names in related fields such as artificial intelligence, metaverse, blockchain, new energy and agriculture, you will definitely make a small profit when the real economy improves.

Although many people regret investing in domain names, domain names have not completely disappeared. Now, domain names are needed as API interfaces for small programs, apps, smart homes, etc. After all, it is a globally recognized identity ID. Future domain names will pay more attention to practicality.

Compared with more than ten years ago, the domain name industry is less impetuous and more stable. It is not like the past to make money by registering domain names casually. You have to think carefully before you start, so investing in domain names is not outdated now.

The best way to trade second-hand domain names now is to make a high-traffic website and trade domain names through traffic-bundled websites. If you have a domain name, you might as well use it to build a website. Once the traffic increases, wouldn’t it be better to sell it together?