04-29-2008, 07:57 PM
equilec Wrote:As a newbie I am making money... but peanuts money for the moment.
I manage to collect or register quite a few numbers of domain. I believe I have achieve that phase. It took me 3 ebook to achieve that... hehe
Zach's (Domain Cash Secrets), Sean's (Domain Graduate) and Phil's (Domain Into Dollars)
All are good read but all with different approach. Money I am making now are mostly from Parking. I am planning to move to the second phase which is selling some domains in hopes that I can profit from it and then buy good domains which will help me make more money.
I guess in this sense it is like monopoly. But 1 simple domain, 2 3 4 then sell it to buy more really great domain....
I agree that small players like me should not dream and be greedy in hopes of achieving making big money in this industry in a short time. I believe this industry like real property you need time to build capital via buying and selling. Unless you are very very very very lucky to buy one funny domain which no ones looks at and suddenly got a call from a corporate wanting to buy your domain for silly money....
Ahhh... in this sense this approach is a lottery....
You have taken time to do background reading and you seem to have worked out a clear strategy, you are not expecting to make money without planning or effort. Your planning and determination should pay off in the end, I wish you every success. I get the feeling that some people rush in and buy domains without much thought or research, then they are surprised when it doesn't work out.