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Domain Discussion
Domain Beginners and Newbies
Don't Be Greedy In Domain Business - You May End Up Losing Huge Amount Of Money
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<blockquote data-quote="RON2" data-source="post: 2217354" data-attributes="member: 223"><p>Great post, D.A. There's a name for this. It's call the <a href="http://en.wikipedia.org/wiki/Endowment_effect" target="_blank">endowment effect</a>. People will psychologically value something more than it's worth just because they own it. This has always been an issue in this business; just talk to any domainer about their portfolio and what it's worth as a whole. This is why people take offense at low domain appraisals. I don't think it's always greed that motivates it, but more like unrealistic optimism. Try to remain objective and remove your emotions from the deal.</p></blockquote><p></p>
[QUOTE="RON2, post: 2217354, member: 223"] Great post, D.A. There's a name for this. It's call the [URL='http://en.wikipedia.org/wiki/Endowment_effect']endowment effect[/URL]. People will psychologically value something more than it's worth just because they own it. This has always been an issue in this business; just talk to any domainer about their portfolio and what it's worth as a whole. This is why people take offense at low domain appraisals. I don't think it's always greed that motivates it, but more like unrealistic optimism. Try to remain objective and remove your emotions from the deal. [/QUOTE]
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Don't Be Greedy In Domain Business - You May End Up Losing Huge Amount Of Money
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