What mindset should a novice domain investor have? What should they do?

Before registering a domain name, you need to consider its purpose, the type of buyer willing to purchase it, and whether you would use it for your own website. Convincing yourself is crucial before convincing others. This principle applies to almost any domain name you want to register, except for three-letter, three-number, and company domains. Three-number and three-letter domains are no longer available, so don't consider them. Below, we'll discuss the mindset and approach for novice domain investors.

Novice Domain Investors' Mindset

Don't dream that registering a domain today will immediately attract buyers. Domain investment is similar to fund investment; time is the best investment. Of course, this is based on high-quality domains. Domains registered without market demand may remain unsold for centuries.

So, let's be patient, wait-and-see investors. Be prepared to renew your domain. Believe that your domain will eventually find a buyer. Again, the foundation is having a high-quality domain, which we'll discuss below.

First, before registering a domain name, you need to consider its purpose. What kind of buyer would want to purchase it? Would you use it if you were building your own website? Convince yourself before you can convince others. This principle applies to almost any domain name you want to register, except for three-letter, three-number, and company domains. Three-number and three-letter domains are no longer available, so don't consider them. Company domains refer to unregistered domains of domestic or international companies. My method is to Google foreign company domains first to see if they have active domains in other countries; if so, register them.

Furthermore, use your perspective to judge the prospects of an industry. A good approach is to refer to the history of social development abroad. For example, last month I felt that the Chinese outdoor sports market would have huge potential in the next 10 years, so I registered a series of outdoor sports-related domains and also acquired several good ones. Every industry has potential, and I believe most people have a broader perspective than I do; opportunities are naturally in everyone's hands.

Finally, manage your finances carefully. Plan the number of domains you own based on your income. Being prudent also means living within your means and avoiding bankruptcy when it comes to renewing next year.