Everyone loves to hear a great domain name sale story. Everyone loves to tell one as well. We don’t get many stories where the person admits to an experiment costing them a six figure loss.
Shifang Yuan from Yuming.com tweeted about an experiment with LLL.io domain names.
Luckily for Shifang he owns 10 LL.coms and 50 LLL.com. Plus the domain name Yuming.com is very valuable.
I have not heard of anyone doing well long term from registering large numbers of acronym names. It is not as simple as just registering “whatever is left”. After a few years the renewals will get very tiresome even if the overall market is rising.
I wonder will the timing of dropping these come back to haunt this investor?
It’s also not clear to whom these were marketed. IO seems to be taking off in 2021, although jury still out.
The .IO extension is not about shtty LLL names.
is it even possible to sell 2000 LLL .ios in just 2yrs and we don’t know the quality yet? why you didn’t liquidate for lower prices? you let go too early, if its true. IO names took off well from 2020.
@ let go too early – exactly! Only waited/renewed for 2 years? thats so short..smh…but they blew up after he dropped though.
Kudos to Shifang on his honesty. Too many times we hear stories about success making it look that everyone can do it, and if you can’t then the problem is you.
I dislike this story because it focuses on the wrong thing – LLL.io domains as a category, but the real issue is the impatience and short term thinking of this seller. 2 years holding time? thats so short in domain world IMO, so i still believe LLL.IO are an awesome asset to hold, and they hold value, but if you’re an impatient newbie domainer who wants quick millions but cant even wait 5 years, you’re destined to be a flipper, not a domain investor.
LLL domains are valuable in any valuable extension, anything else is usually propaganda or outliers. Thats a different topic from what domaining requires often – patience.
Absolutely false. You can’t just register these names and hope for the best, .IO has done well because of keyword names, zero demand for mediocre LLL names.
Holding would have just magnified the loss like the people who registered thousands of 3 letter .biz and .info then reregistered for 15 years before dropping.
I agree, Snoopy
LLL names can work for .com, but can be shot in darks for other extensions
Now LLL that have meanings as key words (WIN, DNA, SEE, BET) or acronyms (FYI, DIY, LOL, OMG) – yes
But just my opinion