Probability versus Possibility. That is where most domainers and inexperienced folks go off the deep end. They’re in the “Anything is possible crowd.” The first problem is that the failure rate of 90%++ is ignored and not even factored in, so they have a 90% chance of getting it wrong from the getgo. They are 100% dreamers.
You’ll always have unrealistic dreamers focusing on possibility, but that has nothing to do with probability. Probabilities are based on percentages of one thing happening vs. the other. But not wishful thinking. This is not something anyone can ignore.
"The everything is possible crowd" versus what probably will happen or what’s the more likely and probable outcome. One will almost always outweigh the other if you do your due dilligence. Usually overwhelmingly!
One is emotionally driven (which is why they lash out) by shiny object syndrome, wishful thinking, and hoping, (which is why they are wrong almost all the time), and the other is unemotional because it is logically driven by facts and history, math, experience, and common sense. Sorry, but hoping is not a good business strategy now or ever!
Rick Schwartz
Probability versus Possibility. | DN Egg
[…] Probability versus Possibility. That is where most domainers and inexperienced folks go off the deep end. They’re in the “Anything is possible crowd.” The first problem is that the failure rate of 90%++ is ignored and not even factored in, so they have a 90% chance of getting it wrong from… Read Full Article… […]
Ritik Bhardwaj
Right! We should forget about possibilities…
Rick Schwartz
I never said that. I’m simply pointing out the differences. The differences that so many are blind to.