Out of every 10 beginners who are reading this post right now, my best guess is that 5 of them won’t be around next year and 9 of them won’t be around two years from now.
If you were to ask me how many out of not 10 but 1,000 beginners will ultimately turn domaining into a full-time career, I’d probably say less than 10… maybe 5 or 6.
People hear about how some domain sold for a gazillion dollars and think to themselves that hey, maybe I’ll “get lucky” too… as if the person who generated the blockbuster sale simply owned that one domain and bam, he got lucky and is now rich. Yeah right!
Read MoreWhen they hear about a huge sale generated by a big portfolio holder, they don’t just assume they can easily replicate that one sale with all of their domains. Instead, they analyze that person’s portfolio, figure out what the acquisition costs have been, what the carrying costs (renewals) are, what the turnover rate is and all of a sudden realize that big portfolio holders don’t generate 1,000% yearly returns… eliminate two zeros and you’d be closer to reality.
thanks for sharing
