Clubhouse: newbies and snake oil salesmen?

What is going on with Clubhouse? Is this good for the domain name community or not?

Clubhouse is an invitation-only audio-chat social networking app launched in 2020 by software developers Alpha Exploration Co. It is currently only available for iOS and iPhone so I have not able to get on it.

Clubhouse has been the epicenter of domaining in the past month and in the past few days I am seeing a few reported domain name sales that are quite worrying. For example Josh Reason reported that an 8-day old hand registration sold for $1,100 on Clubhouse.

This domain turned out to be sellmeyourdomain.com, a domain that was hand-registered on the 7th of February, 2021. Yes that is just a few days ago. The plural was registered 5 days after that.

Some people are trying to convince us that this sale was some kind of end-user sale! This is total bullshit. This is not an end user sale. Just because a newbie bought it thinking he/she is going to “use” it doesn’t make it an end user sale. This is like buying a very expensive hammer to make hammers. All this while you have no idea what a hammer is and how to make it. You are not an end-user. You are a sucker.

Not sure if the sale has been completed yet so other issues may arise. Are all sales on Clubhouse real?

Darpan Munjal, founder of Squadhelp.com, also expressed his concern about Clubhouse domain sales:

This is domain name that is worth exactly $0. Anyone that has been domaining more than 5 minutes knows that.

Selling worthless domain names to newbies or creating a bubble will not get you far. Snake oil salesmen will sooner or later disappear and will leave behind them a lot of broke, desperate and angry people. The domaining industry’s reputation will sink even lower after all this.

Andrew wrote a post about Clubhouse addressing some of the disturbing issues: We need to talk about what’s going on at Clubhouse.

Speaking of disturbing issues… There are also people selling unjustifiably expensive domain name courses. People that closed down their brokerage after the Chinese bubble and went away organizing events for crypto newbies. Be careful what you pay for. (Bill Sweetman, an experienced member of the domaining community, did a couple of posts on social media and a comment on DNW.com about this course but on the next day he took these posts down. His explanation didn’t shed any light.)

Of course there are not just newbies and snake oil salesmen on Clubhouse. There are a few experienced and knowledgeable domainers out there mostly trying to do some damage control. Please support them and not the snake oil salesmen. We know who these people are.

Sold.Domains

About Konstantinos Zournas

Studied Computer Engineering and Computer Science in London, UK and now living in Athens, Greece. Love domains and building websites. Went online in 1995, learned about HTML in 1996 and about domains in 2002. Started publishing the OnlineDomain.com blog in 2012.

9 comments

  1. Hello Konstantinos,

    We decided early on to not get involved with this New Shiny Object. We are all easily baffled by Bull Shit. Somethings just don’t smell right. During a time of capitulation on the horizon picking up dramatically, We all can easily connect all the dots. Avoid these shiny objects or pull away from this gambling table .JAS 2/17/2021

    Gratefully, Jeff Schneider (CONTACT GROUP) We don’t Follow, We Create

  2. This Domain industry is full of “BullS” esp the auctions.
    Numbers do not lie, show us the numbers.

  3. Ryan Colby is a jerk for promoting his worthless course.

    DNAcademy is more than enough for any newbies or experienced investors

  4. “The domaining industry’s reputation will sink even lower after all this.”

    I’ve seen this happen over and over. Can you say Internet marketing gurus of early 2k? Where are most of them now?

    “We are all easily baffled by Bull Shit. Somethings just don’t smell right.”
    Your sense of smell is spot on IMO
    I wonder how many people even know that Clubhouse is an IOS only app?

    taken from an online article

    “The new social media app is currently only available to iPhone users, and even then you have to know somebody who’s already a user to get yourself in.”

    I’ve been seeing too many recent posts claiming huge success on the sale of sub 2k domains.

    Folks you didn’t win YOU LOST (a lot of money) this is NOT (or should not) be why you chose domain investing! Read RicksBlog.com and thank him later.

    “The problem with searching for pennies is … You find them”

  5. I have been checking out Clubhouse a bit, and while there are some people who seem to genuinely want to help, to me it seems like way too many are just hucksters pushing snake oil.

    I have seen so many absurd claims, misleading information, and just bullshit in general.

    While it seems like a good idea, it also seems like it is just making it easier to fleece noobs.

    Brad

    • Funny thing Brad is a lot of ‘noobs’ are fleecing experienced domainers too! I’ve witnessed many new regs, some literally not a day old, being bought for hundreds of dollars by OG domainers too. Que sera!

  6. There are many domainers who started in 2002 to massively buy domains at Godaddy and let CashParking make money in 30 days and reinvest for a year in this way at the end they get a portfolio of 3000 domains all of them .Com.

    After analyzing which domain to renew in the long term and the rest of your portfolio to sell to the same Godaddy for less than $ 200 domain.com

    There are many Domainers in the domain market that started that way and now criticize what they do as newbies for a few years as well.

  7. So whoever bought Ryan Colby’s course, can you share any testimonial?

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.