Comments on: Becoming a Full Time Domain Investor

By: The "G." Man

The "G." Man — Fri, 20 Nov 2009 02:15:46 +0000

Well I would say that you have done a fine job in your first year. We’ve all watched and seen you grow over the past year, as well as experience the same mistakes that we all have made in this business. You’re headed in the right direction and helping us all to get there also. Health insurance is expensive, but if you are in good health with no major issues you can find some out there. Now if you have a family, get ready to pay out for sure, so you might have to use your spouse’s health coverage if you have a family. Keeping extra money around for the things that are going to happen to you is great advice, but at the end of the day it doesn’t matter how you suceed during the good times. It’s only during the down days that you really see if you have what it takes. Then after you have gotten through a couple of those you can at least say you are experienced! Thanks for everything and keep it up!

Sincerely,
The “G.”

By: Dave

Dave — Fri, 26 Sep 2008 01:33:34 +0000

Try being in the real estate business and make yourself get out and work everyday. Fill up your truck with 30 gallons of gas every three to four days at $4.00 a gallon with no phone calls or contacts. I have wondered what a regular paycheck is like for over 40 years. Sometimes it is just plain hard to make it all work, but working for yourself is enjoyable and worth the time and energy. You come and go when you want to, but you also have to work long hours.

It is always enjoyable to see a few dollars from PPC on one of your websites. When you have regular PPC income over a few weeks it makes you think of what could happen …

I would suggest a coffee shop for a few hours in the morning or lunch out for a few hours at a restaurant that has wi-fi. Move around to a few different locations for coffee or lunch.

Enjoy life as being free from a regular 8-5 job. I think some people call this being retired.

By: Leonard Britt

Leonard Britt — Thu, 25 Sep 2008 16:36:48 +0000

Great article! I need to learn quite a bit more about development before I would be ready for such a move. I have some great generic Spanish domains (and a few English ones too) but it’s nice to have that regular paycheck. PPC doesn’t pay the bills!

I would be curious as to strategies to reaching out to end users. It seems cold calling companies is likely to be a waste of time. I can imagine an outsider trying to sell the generic domain for my employer’s business. I have an idea of where to start but don’t really know who would be authorized to approve such a purchase.

By: Len Nuth

Len Nuth — Thu, 25 Sep 2008 14:51:18 +0000

Elliot,

A bold move and you have pinpointed the many issues of being a domain investor. I have found working out at a gym prepares me for each day. Question is now for us domain investors; with the current financial crisis, what impact will it have on the domain industry and future sales of domain?

By: Trond M.

Trond M. — Thu, 25 Sep 2008 14:27:27 +0000

Some very good point there..!

My advice to those who only work from their home office and “sit home all day” would be to check out what you need to pay to rent some “real” office space. These days you can probably get a good deal on some form of shared office, where you get your own office but share other facilities with other (small) businesses; such as a meeting room, printers, coffe makers and so on.

In my opinion getting a real office will often pay for itself; you’ll have other people around to talk to (often others involved in start-ups), and you get to actually “go to work” every day – making it easier to focus on work. Also, you’ll be able to meet with clients and partners in more representable surroundings, and probably get more self respect