One Of My Favorite Reader Quotes

In my post from earlier today I talked about where I buy most of my domains right now one of my readers made a comment that I think is one of the best I’ve had ever on my blog. It’s a lesson that took me years to learn and honestly I don’t think I could have said it better myself:

“One of the keys to domaining is upping your game when possible. Bottom fishing works but is slow and labor intensive. It takes just as much “time” to make $10,000 as $1000.”

This encapsulates what has allowed me to take a business making a few hundred dollars a month into a six-figure business. The funny thing is some of my most profitable deals have taken less times than domains I’ve sold for a few thousand dollars. It’s so true, bottom fishing does work and selling ten $500 domains does equal $5,000, but it takes a lot more time than selling one $5,000 domain, of course making this leap didn’t happen overnight.

There are so many different ways to build a Domaining business but when it comes to your time, bigger deals really are where it’s at. If you think you can’t play in a bigger arena, you’re wrong. If you’re spending $500 hand-registering 50 domains, take that $500 and put it into one domain, then go from there.

As long as you keep re-investing your profits into bigger and better names you will inevitably end-up in a world where bigger deals happen more frequently, and yes, it does take just as much time to make $10,000 as it does to make $1,000 or even $100 in some cases!

{ 4 comments… add one }

  • Uzoma November 29, 2012, 4:29 pm

    Awesome, all the way….

  • November 29, 2012, 8:14 pm

    Totally agreed……as an architect always said, “….it takes as much time to design a house as to design a shopping centre”

    A smart architect company will choose a shopping centre design project as it gets 10000 times bigger commissions than designing a house, as designing a house will take as much time as designing a shopping centre.

  • 1808 November 29, 2012, 8:24 pm

    Great point and comment.

    The same can be said about PPC earning domains: You can go after .05 cent clicks or you can go after $5 clicks or higher.

    I think a lot of domainers forget about this. It takes 100 .05 clicks to equal one $5 click.

    If you just muster up 40 five dollar clicks a day, you are at least in biz and can eat, as long as you keep your domain portfolio size in check. Any domain sales, affiliate income, etc… after that is just gravy.

  • Tony November 29, 2012, 11:40 pm

    I do agree with the heart of this post but let’s be 100% realistic here. Most domain sales are in the $500-1,000 range. $10,000 domain sales do exist but are less than 5% of all sales, if that.

    The higher the price the lower the probability gets. Even if the domain is worth more than $10,000, there just aren’t that many entities out there willing to spend that much on a domain. Your chance of finding that buyer is much lower than for a $1,000 sale.

    The time and work spent by the winners of the $582M Powerball is the same as those of your local raffle winner but the probabilities are much different.


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