Continuing my post from yesterday, here are two more of my regrets:
Movie-Vault.com was the first or second domain I ever purchased. At that time, domains were a lot more expensive than they were today, where $35-$70 for a domain was considered “cheap”. Also at that time, there were obviously a lot more domains available since the domain market wasn’t nearly as saturated as today.
So with these two things in mind, why on earth did I register such a poor domain such as Movie-Vault.com? The $35 or $70 I paid for the domain was a lot of money to me at the time. I was in grade 12 or so, and the US-CDN exchange rate was very high at that time at close to 1.5x, making that $35 or $70 actually $50-$100. So, I had no excuse for grabbing such a domain name. Basically, I was very inexperienced at that time and didn’t really know what I was doing. I had ‘shrugged’ off the dash because “MovieVault.com” was taken, and I wanted “Vault” because it sounded cool.
Now, that isn’t my regret. I was very new to web publishing and obviously had a lot to learn. My regret comes in several years later when MovieVault.com was being sold for $400. The domain was owned by a large domain acquisition company, which was an early version of today’s parked-domain acquisition companies. However, all of their parked domains were also available for purchase.
I had considered purchasing the domain. $400 was still a fair bit of money for me at the time, but that wasn’t the main thing holding me back. The main thing holding me back was pride. I didn’t want to admit defeat for choosing “Movie-Vault.com”, and was angry at the owners of MovieVault.com for doing nothing with the domain other than trying to resell it (I’ve obviously since changed dispositions on that aspect of the domain world); that was the real reason I didn’t purchase it.
The next time I checked the price, which was probably 6-12 months later, it had increased to $800. I believe this is because as my own Movie-Vault.com site grew, so did the number of incorrect type-in’s from people trying to visit my site who ended up on MovieVault.com instead.
A year or so later, the price was around $4,000. The domain is now owned by a different company and is not for sale.
My regret? Letting pride get in the way of a business decision.
Finally, my most recent regret has been AGLOCO. This is a perfect example of a missed opportunity.
John Chow had originally blogged about the announcement of AGLOCO back in November 2006, and I had quickly skimmed over the post. He then followed up within the next few days with several more AGLOCO posts.
Since I had only skimmed his posts, I had pegged AGLOCO as a sketchy, pyramid/MLM, “get paid to search” program, which, let’s be honest, is basically what it is (with sketchy being a debatable adjective). I had no interest in being involved in such a product/service, and shrugged it off. I didn’t want to get involved or promote such a service to my readers.
I do not regret making that decision. What I regret is not doing more research or thinking more before making it. The whole “get in early while you can” message didn’t enter my brain as it was too saturated with the “This is an antiquated idea and business model” message.
It’s now many months later and the AGLOCO toolbar still hasn’t been released, although it’s ever-so-close, so my decision to not invest the time and resources into promoting AGLOCO may have been correct after all, but my mistake of not thinking more before making it is still my regret.
I finally decided to sign up on April 14th, 2007so I could have it reviewed on PublisherSpot, and also because John Chow was signing up so many people. In fact, John Chow has signed up nearly 20,000 people so far and is among the top 5 AGLOCO users with the most referrals, period. A lot of this is due to the fact that he is, after all, John Chow, but I think it’s safe to say that a major reason he signed up so many people is because he signed-up so early.
I’ve only signed up 3 members so far. If I had started to promote AGLOCO when I first had the chance, who knows how many people I could have signed up. Maybe 7,000, maybe only 10. But now I’ll never know.