How the market crash may impact domain name investing

This year, just about every market is down so far: stock markets, crypto markets, and even NFTs.

These markets are whipsawing. The major stock markets have entered correction territory and some are even bear markets. Some cryptocurrencies have lost nearly all of their value, while others are off 30% or more.

This market correction could impact domain name investing in a handful of ways. Investors sitting on a pile of cash might find opportunities to buy, but there might also be fewer end users interested in buying aftermarket domains.

The wealth effect

The first way the market correction could impact domain investing is that domain investors themselves might be feeling a little poorer. Because they keep a keen eye on digital assets, many domain investors bought into cryptocurrencies and NFTs.

With those assets worth less, these investors’ balance sheets don’t look as good as they did last year. These investors might be less likely to buy domains as an investment.

This could be a good thing or a bad thing, depending on how you look at it. It’s a bad thing if you sell domains to other domain investors. It’s a good thing if you usually sell to end users because there might be fewer dollars chasing domains at auction, giving you a chance to load up on domains with less competition.

The impact might be delayed a bit. Investors will keep buying with the hopes that things turn around, only to take their feet off the pedal if the markets remain suppressed.

One caveat to this: with cryptocurrencies and other Web3 assets being hit disproportionately hard, some investors in those assets could decide to spend more on domains instead, feeling that they are a better bet in the long term.

Three suitcases represent a shrinking investment portfolio

Startup funding

Venture capitalists depend on robust markets for their investments to have “exits” by selling or going public. When public valuations wane, so can startup valuations.

This could mean fewer startups get funded, and the startups that do get funded might not get as generous of a round as they would have a year ago.

It might also cause startups to tighten their belts. If they’re deciding between laying off people and upgraded to a great domain name, they might decide to hold onto the employees.

Y Combinator recently warned its startup portfolio companies to plan for the worst. It advised the companies to cut costs to extend their runway. Y Combinator warned that, during economic downturns, even top-tier venture capital funds with lots of cash will be more careful about handing it out.

The greatest impact of less startup funding would probably be on the higher end of the domain name market. A lot of companies buy six and seven-figure domains after raising a big round of funding.

More businesses

It’s difficult to tell how the lower end of the domain market will fare. When people tighten their belts, they are willing to spend less on domain names. But if a recession leads to job losses, more micropreneurs might start businesses.

The number of new people starting businesses tends to grow during recessions as laid-off people open a business. Even gainfully employed people might start a business on the side to protect themselves and earn extra money.

These very small businesses often buy aftermarket domains that are $ 5,000 or less.

It’s unclear if this will happen, though. Unemployment is at historic lows. Businesses are struggling to find enough workers across the spectrum, and many people are job-hopping to get higher salaries.

And yet, some companies are instituting hiring freezes or layoffs as they realize they need to get to profitability or won’t be able to count on as much outside funding in the future.

The only thing we have to fear

Markets have been declining so far this year, but it’s hard to know what will happen in the future. People are really good at predicting recessions that never materialize.

It might require a sustained asset price drop to have a noticeable impact on domain investing. But preparing for a potential “domain investing recession” is essential.

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wpadmin June 21, 2022 0 Comments

Why a VPN is a traveler’s best friend

Going on vacation? Of course you are. After two tough years, millions of travelers are taking to the road again.

Whether it’s a business trip, city break, or a wellness retreat, you’ll be bringing your devices with you.

You’ll probably use public Wi-Fi at some point – FaceTiming friends and family, checking emails, or streaming your favorite TV show.

If you pay subscription fees for streaming platforms, you’ll want to use them on vacation. After a long journey, no one wants to receive the ‘this title is not available in your current region’ notification at the hotel.

Fortunately, if you have a VPN, you can access your favorite platforms and enjoy the TV comforts of home. But streaming movies is just one reason why a VPN is a must-have accessory for travelers.

Let’s dive in.

A VPN (virtual private network) is an encryption app you can download on your phone, tablet, or laptop.

It’s a smart and affordable way to protect your private information at home and abroad.

VPNs hide your IP address, so your online activity is untraceable. It creates a virtual tunnel that encrypts your Internet connection, including the links you click, so hackers, advertisers, and online snoopers can’t see what you’re doing.

Watching TV with VPN

VPNs are popular with travelers as it allows you to change your IP address and access streaming sites and platforms.

Let’s say you’re in Paris on vacation. With a VPN, you can switch your IP address to New York and stream American TV in your hotel room.

With a VPN, you can access geo-restricted platforms and protect your Internet freedom with just one click.

Hand with mobile phone protected by VPN

A virtual private network is essential when logging in at public places, such as cafes, public parks, museums, or hotel lobbies.

These hotspots are vulnerable to theft as hackers can create evil twin hotspots to steal your private information.

Let’s say you want to use “Starbucks Wi-Fi,” and you log into the fake evil twin network “STARBUCKS FREE Wi-Fi.”

If you use the fake network, your device’s connection will be maliciously re-routed to a rogue access point. Even worse, sometimes hackers will issue a “Denial of Service” attack, which disables the real Starbucks network, making their fraudulent hotspot the only one available.

Once you’ve logged in, criminals can steal your passwords and photos and ruin your vacation.

A VPN solves this problem by hiding your IP address and encrypting your Internet traffic. So even if you’re using an evil twin network, the hacker overseeing it won’t be able to access your private information.

If you work remotely, you’ll probably want to maximize the travel freedoms that it brings.

However, you may not want your boss to know you’re abroad. That means you need to hide your IP address. Changing your virtual background on Zoom won’t be enough to disguise your whereabouts.

With a VPN, you can make your laptop appear in whatever jurisdiction you please so you can work as normal.

A VPN will also help protect your company’s network on public Wi-Fi. For creators, businesses, and freelance workers, encrypting your Internet connection matters as it’s not just your data that’s vulnerable.

Your clients and partners will understandably expect their remote working staff to take the relevant security precautions. That means using paid-for-VPN software on vacation.

Security checklist illustration

Before going on a coworking trip, you’ll need to safeguard your digital privacy. Here are a few things that can help keep your devices safe:

  • Log out of digital wallets before using public Wi-Fi – When using public Wi-Fi, it’s best to avoid financial activity, especially if it involves cryptocurrency trading, as thieves target open hotspots. However, a VPN will provide you with an additional layer of security, so make sure it’s always on.
  • Disable Wi-Fi access points, Bluetooth devices, and GPS – You can relax on vacation by switching off access points when you’re not using them. It will save your battery, too.
  • Avoid using public charging stations – When you charge your phone in public with a USB cable, it can sometimes take your private data from your device. If you need to charge your phone, consider buying a data blocker. This stops it from extracting your private information, including photos and passwords.
  • Get a VPN – Before packing your suitcase, install a VPN. With one FastVPN subscription, you can protect up to five devices, including phones, laptops, tablets, and smartwatches. It’s simple, easy to use, and protects your privacy.

A VPN is essential if you want to secure your devices and watch your shows on the road. By changing where you are in the world, you’ll be able to unblock geo-restricted platforms more easily. It’ll also help protect your personal information on public Wi-Fi.

While many of us travel to escape reality, our devices are portals to our lives back home. They provide continuity and comfort, and for many of us, that means watching movies, TV shows, and sports.

So if you want to browse online without restrictions, you can touch base wherever you travel with a VPN.

If you want to unblock streaming sites and platforms, you can use FastVPN for $ 0.99 for 1 month. We accept Bitcoin, Visa, Mastercard, PayPal, and American Express.

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wpadmin June 16, 2022 0 Comments

6 best traits of little-known tech entrepreneurs

Successful business owners are constantly looking for ways to grow their businesses and achieve success. Advice books from industrial superstars like Richard Branson, Sheryl Sandberg, Jeff Bezos, and Mark Cuban appear on the shelves of offices everywhere. But some of the best habits, shared by less-famous but highly successful entrepreneurs, fly under the radar.

We decided to look at some of the most valuable and under-appreciated habits of successful tech entrepreneurs that you’ve probably never heard of. Based on our observations (and plenty of real-world data!), Adopting these six traits has the potential to push your business success to the next level.

1. Build something people want

One of the essential traits of successful tech entrepreneurs is that they strive to build something people want. As an entrepreneur and owner, your goal should be to create something people want to have – something that will make life better for the intended customer.

American entrepreneur and programmer Sam Altman championed this trait through his previous work at startup accelerator Y Combinator. In his Startup Playbook, he encourages business owners to simply look around at the most successful companies of our day:

“They all started with a product that their early users loved so much they told other people about it. If you fail to do this, you will fail. If you deceive yourself and think your users love your product when they don’t, you will still fail. ”

– Sam Altman, President of Y Combinator

Goldfish seeing his ghost

2. Be a one-on-one person

The most successful tech entrepreneurs know how to develop relationships. They spend time connecting and meeting new people to build a solid personal network. They also make it a point to have meaningful conversations with their internal team. These one-on-one interactions can help you understand your product from a different angle and solve problems you might be encountering.

In a weekly podcast, Founders Journey, published by Baremetrics, founder Josh Pigford explained why being a one-on-one person helped him consistently make sure everyone was happy:

“After you’ve done a few 1-on-1’s with the same person, you’ll start picking up common themes that are important to them, small frustrations they may be having and ways they want to grow. Plus, it gives you an opportunity to learn more about them as humans and not just employees. ”

– Josh Pigford, Founder of Baremetrics

3. Believe in the analytics

One of the most important traits of successful tech entrepreneurs is to honestly believe your analytics. It sounds simple, but many small business owners have a hard time tracking their data and then understanding how it’s affecting their company’s performance. Some entrepreneurs can be in denial about their true audience and potential customers. They come up with personal reasons to disagree with data and continue to run their business based on false assumptions.

Tracking analytics will help you make more informed decisions about your marketing strategy and future efforts, but you must be able to believe it is accurate and trust what you see. Sylvia Kang, FemTech Innovator and CEO at Mira, relies heavily on Google Analytics to check who is buying and where they are coming from:

“Make business decisions that are necessary according to the reality of your website and your audience. Better than that, you can also check who hasn’t bought on your site, what stage of the purchase process these people are giving up on, and more. This allows for a constant improvement of your website, your product, and, consequently, your final profit! ”

– Sylvia Kang, CEO of Mira

Goldfish trying virtual reality

4. Be an early adopter

Successful tech entrepreneurs are always on the cutting edge of new technology. They’ve been early adopters and know how to take advantage of the latest innovations. This trait is especially valuable in software development, where innovation is constant. If you want to succeed in this industry, you need to be willing to consider new technologies as soon as they come out. Being an early adopter can have enormous benefits for your business, as it allows you to get ahead of the competition and get the best opportunities first.

Early adopters are tastemakers and often take pride in being ahead of the game. Likewise, a successful entrepreneur must be willing to spend money on innovation and think ahead of competitors. Sonya Dineva, a Business Psychology Lecturer at the University of East London and former Head of Marketing and Finance for Elprom Energy, says that an entrepreneur’s perception of risk may be more impactful on success than anything else:

“Deciding to incorporate digital tools or infrastructure can be daunting because of the unknown it represents, but shying away from the process can be a far riskier path. By understanding the psychological barriers behind digital decision-making, industry stakeholders can and should encourage technology adoption in small and medium-sized businesses – in doing so, they will strengthen the backbone of the global economy. ”

Sonya Dineva, Business Psychology Lecturer at the University of East London

5. Be a master of networking

Networking is a skill that many people overlook because it takes time and patience, which are two things that entrepreneurs may not have in excess. However, networking will give you access to the resources you need to succeed. You can learn about new opportunities and avenues for growth and find mentors and friends who will guide you along the way. Even if you don’t like to socialize with others, it’s worth it to network with other tech entrepreneurs who might be your future clients or partners.

Frank Wazeter is the founder of WazFactor, a web and graphic design agency, believes that mastering the skill of talking is an invaluable trait for success:

“Talking is fairly straightforward. It’s the ability to talk to people one-on-one and communicate your ideas in a way that the other person can understand. By being able to connect, sympathize, empathize, and explain a concept to anyone else, you create strong trust. ”

Frank Wazeter, Founder of WazFactor

Goldfish tossing paper into wastebasket

6. Don’t be afraid to pivot

As an entrepreneur, you will need to be prepared for various challenges, and the only way to do that is by being willing to pivot when necessary. This means choosing flexible tools, optimizing processes, and sometimes starting all over again. A famous example of pivoting can be found in Steve Jobs’ journey with Apple. When Jobs first took over, he didn’t see any potential in the machines that Apple was making, so he pivoted and made it his mission to create innovative devices instead.

Austin Cohen, Founder and CEO of the FlexIt personal training platform, believes that being ready to pivot helps you stay true to your company mission:

“Staying flexible and staying honest about your values ​​and mission can give you the strength to turn a potentially ruinous circumstance into an opportunity. Necessity isn’t just the mother of invention; it’s the mother of innovation, and the pressure that resulted from the challenges gave us a chance to do more for ourselves and our users. ”

Austin Cohen, Founder & CEO of Flexit

The journey continues

While these six traits can be found in the leadership at almost every profitable tech company, many factors help drive success. Being a devoted, life-long learner is our bonus tip because to be successful anywhere in life or business, you must always be ready to learn something new. Matt Mullenweg, CEO of Automattic and co-founder of WordPress, has an excellent list of book recommendations that can help you continue on your journey to success.

Use the comments below to share your insights on other traits you’ve discovered that are crucial for business victory.

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wpadmin June 15, 2022 0 Comments