One of my favorite quotes of all-time is one by Frederick Douglass, “without a struggle there is no progress.” I found this quote in a book back in 7th grade and it’s stuck with me over the years.
This quote has helped me find strength at a number of different points in my life and Domaining has been no exception. What I find dissapointing is that many people start-out in this industry excited and ready to conquor the world and then leave soon-after, bitter and a few thousand dollars in the hole.
What I think plagues these new Domainers is the belief that Domaining is easy. As a broker I receive lists and lists of domains many of which I cringe to think someone even took the time to register. I am always completely honest with anyone who contacts me as I see no benefit in sugar-coating the situation many new domainers have put themselves in.
Over the last two years I’ve seen some dreams shattered and some champions emerge. The interesting thing about both is that in many cases – they all make the same mistakes…it is how you handle the mistake that defines your success, or failure.
You see – I too reached the dark pit of dispair – realizing about 6-months in that I had registered thousands of dollars of truly worthless domains. Immediately I thought – this is the struggle I need to be successful. I learned from my mistakes and moved on.
But guess what? I made more mistakes! In fact every month I make mistakes – but rather than getting angry about it – I learn from each and every one of them. No matter what you do – if you believe in yourself then fail, fail, and fail again – but don’t do it without learning each time!
So why do most domainers give-up? Because they fail and think of that failure as a bad thing. Next time you fail – relish in it, enjoy the moment, learn from it and MOVE ON. This industry is just beginning and ten years from now those of us who are successful will probably be the same people who failed the most!
On that note – October 2009 came-in as my most profitable month ever – beating an already incredible September. I can say that the changes I’ve made in my business this year are responsible for that success and the lessons all came from some very valuable mistakes!