“The most important part when starting is to build momentum. You will absolutely not make it if you won’t build momentum in this business, and that goes for anything else you want to succeed with. Momentum comes by massive action. That’s I believe is a key factor for success.” – Sahar Sarid
Josh says: “”Completely agree that momentum is vital. I’ll add that determining what needs momentum is critical before you activate that which will receive the momentum. In some cases, and at certain times, massive action isn’t always the best momentum recipe. When you are canoeing, sometimes the most subtle gesture of the paddle is what is needed. At certain times, complete inaction or stillness is also appropriate to allow other things to take their course. Some things that sages have written thousand of years ago, completely apply to many aspects of contemporary life.”"
***FS*** That stillness relates to timing.. People who believe: “timing is everything“ refer to the stillness dynamic you speak of.. or as Kenny Rogers said: “You gotta know when to holdem’ know when to foldem’ know when to walk away.. know when to Run” I think this is a great period in the domain business to holdem.. look around at what others are doing.. then call or raise depending on the market,
(scroll down at the link below to see his post in Elliot’s comment section.)
Momentum is important, but aren’t most domainers just Slip-Streamers? Don’t we really just take a free ride on the momentum created by others? Of course in a cycle race there comes a point when you have to break free from that slip-stream and do some pedalling yourself. I guess it all depends whether we feel the need to cross the line in front.
“I think this is a great period in the domain business to holdem.. look around at what others are doing.. then call or raise depending on the market,”
Very interesting Frank, do you think the market may be in for some falls?
***FS*** I do.. although it’s too early to be certain if/when things get tough in the domain space. I think things are absolutely going to get tougher in the equity markets and real economy.. but you have to remember that back in 2000/01 we had our last makings of a contraction and the domain business grew! .. You’ve got this paradigm shift of print moving to digital and the Internet growing in importance, while at the same time facing huge potential systemic problems in some of the world’s economies and financial system. Most folks in this business are unleveraged so that’s a big advantage. Keep your eyes open and jump on opportunites that come up .. but I’d be careful/more prudent than 2-3 years ago.