Morning Folks!!
What you sell and how you sell and to whom you sell may make a huge difference in your life and your lifetime earnings. Waiters and waitresses make a lot more money at Capital Grille than the same waiters and waitresses at Denny's. Not only that, they work harder at Denny's and get paid much less.
When I first came online I ended up with a group of folks that flipped mobile homes. That was like working for Denny's. Then I saw folks selling Oceanfront mansions. They were doing much better. The only difference is one group had a low target and a low goal and the other saw the sky is the limit.
Same is true with domains. YOU are the one that decides which end of the spectrum you will be working. It's NOT about the size of your wallet. It's about the size of your brain. The size of your ambition. The size of your work ethic. The size of you inquisitiveness. The size of your understanding of Business, Sales, Marketing, Advertising, Consumers. The size of your dreams and goals. It's the size YOU put on it.
If you go out and just double $1 every day for 30 days you will be a millionaire. Do the math. Start with $1. Double the amount each time. $1, $2, $4, $8, $16, $32, $64. Oh damn you are a fool Rick! Only $64 after 1 week! $128, $256, $512, $1024, $2048, $4096, $8192 At end of week #2. $16,384, $32,768, $65,536, $131,072, 262,144, $524,288, $1,048,576. At end of week 3!!!!
Ok, I admit, I screwed up. I should have started with a PENNY to be a millionaire in 30 days! I did the example in 3 weeks!! MY BAD!!
Point is, this is easier than you think. It may not take 3 or 4 weeks. What if it takes 3 or 4 years? Even 10 years. Stop being a jack rabbit. Stop chasing shiny objects. Put one foot in front of the other and climb the ladder like the Man or Woman you are! It won't matter if it takes 20 years. Once you are on the right path, you will ENJOY the journey at each and every level.
They always say the first million is the hardest! That's true. Once you find the path as I have shown, you can repeat, repeat, repeat.That's all the successful domainers in the space did. Not all came in in 1985, 1995, 2005, 2015. You can come in TODAY and make your mark and make your fortune.
So buy GREAT domains no matter what your budget is. What constitutes a great domain? A domain others would want to buy. The reason I don't NEED to sell, is because I understand that and I understand value. When the right offer comes, you will know it.
A domains value and your value on yourself and your time are related. Some sell their souls to Denny's and some retain control of their souls and end up in much higher places. It's always a choice. And YOU are the only one that can make that choice no matter how much you want to blame anything or anyone else.
Stop looking at your feet and start looking at the stars. But when you look at the stars, it's one step at a time to reach them! Folks are wired to skip steps and when they do, they always fall flat on their face, have to start again and frustration and anger is the only dividend.
Rule #1 in domaining: DON'T QUIT YOUR DAY JOB!! The day job is what funds your new purchases until you can fly. Imagine a plane trying to take off at 50mph, it's gonna crash each and every time! Keep the cash flowing in from another source until you reach speed to fly and then cruising altitude. Put yourself in a position not to be so weak that you have to accept bad offers on your best names! This is not rocket science. This is having a map, a plan and a goal and sticking to it. Pick a direction and go.
Dress for success. Think for success. Act like success. If you do that, you won't be working at Denny's or flipping mobile homes. You will be living on the ocean!
So if you are not making it, drop them all and start again. But this time work smart and understand the patience you need. Just remember one thing. It takes 20 YEARS to become an overnight success!!
Have a GREAT Day!
Rick Schwartz
Jason
Awesome post. Great read to start the morning.
Andrew Rosener
One of your best posts IMO. Set a target. Understand your worst case scenario and get comfortable with it. Then put your head down and barrel ahead. By the time you look up you’ll be on your way.
In my first year I set out to make $250 every day. No matter what. If I had to sell something for half of what I thought its value was, so be it. I needed to make $250 every day except Sunday. Didn’t matter if I made $1,000 or $10,000 the day before. Who wants yesterday’s news?
Next it was $500 a day. Then $1,000. Then…
It gets easier and easier as things start compounding. Powerful forces come into play.
But it all starts like you said, one foot in front of the other.
Joshua Reason
Great comment Drew. Only 0.1% actually focus and implement this kind of advice. They are the Drew’s, Rick’s, Frank’s etc of this world.
Shawn
Tony Robbins has nothing on you.
Love you man!
Vito
One of the absolute best posts i have read in 10+ years in domaining.
It can apply to many different aspects of our lives. Not just domaining.
Glad you are back in the saddle here pumping out content again.
Thank you!
William Erwin
What a wonderful, encouraging post. I’m a retired accountant on Social Security. Looking to domaining for some extra cash, but I know I still need goals. Thanks so much.
Mike Sallese
Great post- awesome advice! Consistency is the key along with your Rule #1 above. As Vito said- thanks for continually sharing your wisdom as it is appreciated.
Vinod Reghunathan
It takes 20 YEARS to become an overnight success!!
Best advice!
JB
I believe it’s never too late! I remember listening to the radio commercials about buying domains in 1996 – and I was discouraged by a naysayer. But I’ve quietly, I know foolishly and perhaps on occasion savvily have purchased a variety of domains. As a real estate broker by day, I believe in the power of digital real estate by night. I know I have some swampland but believe I do have an oceanfront property. Patience is key, and being able to read your history and success is inspiring.
Jose
Great day for a great lesson, my goals were from the beginning to earn 100% of the investment and then something more to climb steps year after year, I have 8 years and I have 12 to get what I deserve.
I deserve many things like a kick in my ass for not knowing or not knowing the right people in time, until you find your life project and you do it yours without making it known, because many copy and occur once, a lot of justice, lawyers and lost time to know the truth of the owner of that AI and VR research project that has prospered better with different techniques that I do not know anyone for fear of the copy of another miserable person.
I am a business man of projects and I have one that can change the global ecommerce, just need to put the batteries to find the capital, only I can trust myself.
I remember when in an interview you talk about parking domain not being innovated I put myself to work and find innovation, give a message on a Twitt that having the Venture Capital in the end do not want to put money the domain name was not possible for them if not to have cutting-edge technology and I laugh in front of them because not only had this if not much more than they themselves do not know what their own content on their website.
Another project awaiting capital for the global domains market.
I have improved and much in the investments of domains only missing that they respond to my offers and many do not do it I at least answer thanks no interest.
Elliot I can give his name because he fulfills his opinion. of my domain offer is good or bad, when you do it is fast but if there is a problem in the middle answer in your own post.
Happy day.
Jose