I was sifting through some of my drafts and almost deleted this article which I’ve been meaning to complete for a while now. I decided some of the points to be made back in April are still relevant now. After I wrote ‘Still ‘biting’ for bargains!‘ I thought it would be good to look at the market from a different view point. The question that springs to my mind when so many people are finding so many bargains at so many market venues is, ‘why are there so many?’
Well, put quite simply, bargains indicate that a market is in decline because people are selling cheap in an attempt to cut their loses. ‘We already know this’ I hear you cry, but what amazes me is that so many people still believe they are getting a bargain even after the a numerous discussions that have taken place regarding market correction, recession and depreciation.
They aren’t bargains, not in the current market. Prices have fallen dramatically over the past couple of months and this domain niche is so fluid it is ctitical you remain up to date. In any market you should strive to stay current and be self educated. Analyse your niche and understand it. A bargain yesterday could well be an overpriced item today.
The point I’m making is not to discourage anyone from participating in the 4 letter domain market but to understand that sometimes bargains aren’t always a good thing, and more often than not bargains aren’t bargains at all. Do your research and plan your purchases carefully plus look beyond the immediate future and realise the potential that this market has to evolve in later years because that is when we can look back and truly say we grabbed a bargain.
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