I became interested in domain names as early as 1997 or 1998, though it was just a curiosity back then. I held on to several good domains because I thought I might develop websites around them, not because I had any inkling of the way generic domain valuations would skyrocket. I also let a lot of good ones go.
I once owned TheService.com, and I let it expire. Not a giant-killer perhaps, but a pretty good domain. I also planned to register Islam.com. I checked it and found it was available, and I remember thinking, “I’ll register it next month, after I’ve paid my bills.” You can guess what happened. Someone else took it.
I could sit around kicking myself for missing out. Many struggling domainers spend a lot of energy bemoaning lost opportunities.
But you know what? Hindsight is 20-20. If I’d invested in Apple stock in the early days… If I’d registered that generic domain back in 1996… I’f I’d come up with the idea for that simple invention that everyone uses now…
People who only look back will always fail, because they see only a world of missed opportunities. They see a world of scarcity, not enough to go around. They see only what others have done.
Those who succeed look ahead. They see the coming opportunities or they create their own. They see a world of plenty, a world of a million waiting opportunities. Such people are limited only by the length of a day. This is true not only on the internet but in every industry.
Are you looking for opportunities? Read about future technologies and consider what markets they might open. Read Business 2.0, Entrepreneur, VentureWire.com, TheAlarmClock.com, and other magazines and websites that cover emerging trends.
Here’s an idea: whenever you find that there’s something (whether in the physical world or the internet) that’s persistently annoying or inconveniencing you, then make a note of that thing, because that is an opportunity. If it’s bothering you, chances are it’s bothering other people too, and that is an opportunity to create a solution. Creating solutions to everyday problems is how people get rich.