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I put together a few things that in my opinion could help you make more money in 2017
The Internet is full of opinion. The reality is there are 50 ways to financial success in the domain industry. And there a million other ways to lose your money. This industry is a results game. Either you make money or you don’t. Words don’t pay the bills. Sales don’t pay the bills. Profits do.
The entire stock market is built around selling stocks and options back and forth. The real estate market is exactly the same way. If you get the price you want for your domain then why does it matter who bought it ? I have never understood why investors focus on what to label the person that bought their domain rather than what they sold it for. Who cares whether its a person that is going to build it out or stick it in a portfolio? If you are happy with the price then that’s where it ends.
Read More: http://domainshane.com/10-things-will-make-money/Knowing when to get in and when to get out is how you make your money. They say the money is in the buy but the big money in our industry is the sale. If margins were tight and you’re in liquid market the buy is crucial. In our industry, knowing how to get the top prices like Berkens and Schwartz have done for a decade is where the real money lies. I wish I could tell you how they do it other than stick to your guns. I was told by a domain investor that he got 100,000 for a name because he truly felt in his heart that it was worth that much and wasn’t going to sell it until he got that much...
