Time Spent Online to Decline? Yes! But When?

Morning Folks!!

Since 2000 the time folks have spent online has increased dramatically from 3 hours a week in 2000 to 24 hours per week in 2016 according to an MIT study. But the question is when does it peak? And how many hours does it peak at?

As folks that make our living online we spend more time than most. Early on I was online for 15 hours per DAY. So 100 hours per week. I peaked many years ago. Today I spend about 2 to 8 hours a day. Some days even less. I go out of my way to stay offline.

But the question is when do the masses decline in time spent online and how will it affect domains and prices? I don't have the answer. I just have the question.

Rick Schwartz

Stop Developing Domains and Start a Business on Domains. But it’s Not Easy!

Morning Folks!!

Such a cop out! "If we don't sell the domain we will develop it". Get real! Slapping some crap on a domain is not developing a business. A business needs product or information. A business needs a cash register. I don't think some know the difference.

Ricksblog.com is developed, but it's far from a business. HallofShame.com is developed, but that too is far from a business. On the other hand, Francois's Domaining.com IS a business. He sells things. He has a cash register. He takes in money. He has customers.

Point is developing is for feeling good or a cop out for buying a questionable and possibly worthless domain name. But it's something that really goes nowhere. It's not a business with a full circle idea that results in PROFIT. It's closer to art. A business needs a way to pay you and that happens with a cash register. Maybe it's time to start with the cash register and work backwards. Not the first time I have brought this up.

But how many of us have pissed away money on silly mini-sites and other "Development" that resulted with no results? A business starts with an idea, a product or service and a way to pay.

But be careful with opening a business. Many folks create work but don't create a profit and have a formula that will never allow them to make a profit. Sorry, but profit is the only way you stay in business and any fool can create work.

Personally, I don't want to be in a business again where I have to ship product, have inventory or fulfill orders. I like selling and shipping information. Cost is low and everything can be fully automated with little to no customer service.

The curse of domainers is many times we have too many good domains. Too many shiny objects that we actually own. But it's hard to focus and pick just one. When I started, I always believed there was a time to collect domains as fast as you can, and I did, and a time to sort them out and decide which ones could run the most profitable businesses or to focus on just one domain. I have yet to get to the last step!

But when I look to the "Next BIG Thing", it seems to always start with a domain name.

Rick Schwartz