Research Research and Research, buddy.
Domainers are using 80% of working time to do research. And almost those steps are repeated steps. So that i hired a guy and tested. I taught him step-by step to research a domain name.
Honestly, in the first 2 weeks, what he did were poor, and i had to correct, fix his work sheet too much. I felt depressed. But i still believed what i was doing, so i try to fix and highlight and remark what he did wrong, then showed him how to did in the right way.
Now, i'm very happy. My staff can work independently. I send a list to him in the Morning, then i got back my List with fully research stats at night and then it's time to auction. Before hiring him, i worked on PC 14 hours/day just to research domains, now i online 8 hours, then spend the rest of time to chat with people from other business, learning new skills and reading news about domaining (maybe playing games - I'm a young man
).
If my career in Domaining goes well, i'll hire one more staff. But it's the future.
I asked some domainers, most of them told me that they were self-employee. I can work by myself, of course. But i will only know about Domain Industry if i do that. I want to build a real business, not a hobby or passive income, so i must think different. I must extend my portfolio, so i have to research more, then try to catch more names as cheap as i can. I don't have huge pocket like HugeDomain, so that i must work hard, finding a gem in tons of coal. To get good names with the cheapest price, you have to research very carefully. Other guys who has been success in their careers in other businesses can spend their money into domain field. They can lost 10-15k to learning, but i can not. I don't have enough money to do that, so i started learning by working in a Domain Ventures company, then trying to catch Dropped Names ( which just costed me 8.5$ for each). When i had enough knowledge, i joint GD Close out, then GD Expired. Now, my watching list contains all good/potential names in all Auctions.
Those mentioned things can not ensure that i will be success in domain industry. 95% of domainers lose their money without any profit. Maybe i will fail and get bankrupt in next month, next Summer. Who knows ? I just wanna do all my best in this journal. Maybe people told me i'm a Mad Man, maybe domainers told me that earning money in domain industry is harder than it used to be. Especially with the incommensurate competition between us - individual domainers against HugeDomain ( last night, i have 40 names in my watching list, but could not acquire any names due to their non-profitable price), but i still spend all i have to play this game. Maybe i will fail, but i will have great stories to tell my children.