Edited: aaaaaaand it’s gone, heh, already sold out!
Edit #2: I’ve just published a One Minute Economics animation about how AI might take your job (hint: it’s not what most people think), click HERE to take a look and if you like it, please help me spread the word about my work!
I have been paying attention to the MJ.com IPO and also follow Andrew Rosener on Twitter, so I found out a few hours ago that today is the big day. Upon checking the page again a little while ago, I couldn’t help but notice a countdown which said there were less than 30 minutes to go… feels kind of like a NY celebration, ha!
Made myself some broccoli and boiled eggs (exciting, I know), then bam: hello MJ.com IPO!
On a serious note, you can check it out by clicking HERE.
And yet again on a serious note, an interesting question arises: wouldn’t it be better to own a domain than own a percentage of it and essentially share it with others?
It’s a tricky one because I do not think it can be answered without an additional question: what domain are we talking about in both cases?
If you ask me if I’d rather own MJ.com or a fraction of MJ.com, of course I’ll answer that I’d rather own 100% of the domain. The problem is that, just like the overwhelming majority of those reading this post, I cannot afford it!
Thus, in the real world, the situation is far more nuanced and the real question is oftentimes this: would you rather own 1% of a truly great domain or 100% of a name that sucks?
If you think I’m being overly pessimistic, head over to a domain forum or Facebook group and look at some of the domains beginners are investing in. You’ll oftentimes come across situations where someone who didn’t know better “invested” $1,000 in 100 hand regs with a “lottery ticket” mentality… and when you look at them, you cannot help but realize that they’ll never sell. Ever. A year goes by and, guess what, they all get dropped after the owner most likely didn’t receive a single offer across the entire mini-portfolio.
So what about that situation?
Isn’t it better to allocate $1,000 so as to own a piece of a great domain like MJ.com than throw away the same amount like most beginners do?
Yes, there are a select few people in this industry who can afford to outright buy a name of this caliber. But in the overwhelming majority of cases, the $1,000 situation I’ve just outlined is far closer to the truth.
And for those people, I think it’s a no-brainer: it’s better to own a percentage of a proven asset than 100% of a lottery ticket. Thus, while I get that it’s better to own a domain outright in an ideal scenario, I do have to stress that ideal scenarios are quite uncommon in an industry with a barrier to entry as low as the domain space.
Thus, I’d say the overwhelming majority of beginners are far better off going with a proven asset like MJ.com than chasing trends or hand regging. But it’s a free world, so I wish you the best of luck no matter what you do!
Reminder #1: if you end up registering domains from this list, please send $5 per name via PayPal by clicking HERE. The link will take you to a PayPal page where you simply select the number of domains you have registered through the “Quantity” section: 1 if you bought one ($5 payment), 2 if you bought two ($10 payment) and so on. It’s an honor-based system, please play fair :)
Reminder #2: want to turn your best domain(s) into encyclopedia-level websites with thousands of articles? Click HERE to find out what GiganticWebsites.com can do for you and receive 30% to 50% discounts as AndreiPolgar.com readers.
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