Some of my favorites:
โEverything you do today should be with tomorrow in mind. Think about how
purchases and sales will impact your business tomorrow and the next day. Donโt be afraid to take big chances because thatโs how you will succeed. Itโs very unlikely that youโll make a lot of money by dabbling or by making โsafeโ purchases. Sure, if you have a long time horizon, you may create future value. Thatโs a gamble, although it may cost less up front.
Turning $1,000 into millions of dollars is not easy, it wonโt happen over night, and itโs not a certainty. Without a doubt, if you listen to others, read the news, become knowledgable, and make wise decisions based on knowledge youโve accumulated, becoming a domain millionaire is certainly achievable โ even starting out today.โ
~ Elliot Silver,
My Addendum to Rickโs Article
------------------------------------------------------------------------------
โOpportunities are out there now more than ever. This is a great industry to be in. Itโs the future and itโs still cutting edge. The industry is still a baby. Itโs not too late. Youโre right on time! Even if you are just starting and have little cash. I didnโt have much either. Remember I started with a $3,000 investment a couple of years ago,โ Meystedt noted.
โBe willing to chase down hundreds of leads. It will pay off. Iโm willing to face failure 99% of the time, knowing that something great might lie around the corner. Zig Ziglar said, โFailure is an event, not a person. Yesterday ended last night.โ
~ Aron Meystedt,
Will to Win: Despite Repeated Setbacks Aron Meystedt Never Quit & Now His Persistence is Paying Off
------------------------------------------------------------------------------
โSo we keep talking about development and I have been talking about it since 1997. But developing without a real business behind it is missing something.โ
~ Rick Schwartz,
Domain Industry Expanding But Domainers are Shrinking. Hereโs Why. Hereโs the Fix.
------------------------------------------------------------------------------
On having different domain development projects:
โJust think to yourself: wait a second. Am I really focused or am I just kinda scattered out there saying I wish I could do these things. And thatโs why you always have to pull it back and ask yourself โwhat are the projects meaningful to me and how can I get those done?โโฆโ
โโฆYou need to make sure what it is that you are doing is actually contributing to your revenue and that is the biggest thing I think people forget in the domaining world. They get flustered. They are doing 8 million things at once and they start searching for more names to buy or searching for good deals and they forget that they need to make money with their own namesโฆโ
โโฆMake that one [domain] the best it can be. Get focused. Get to work. Donโt get overwhelmed because that one name could turn into a revenue stream that outranks twenty of your names because you put the time and energy inโฆโ
~ Morgan Linton
------------------------------------------------------------------------------
โOur sites may look basic, but looks can be deceiving. Those simplistic looking sites generate massive revenue for our advertisers โ and our advertisers are our #1 priority. Furthermore, sites like PalmSprings.com have constantly updated content with editors for its Calendar of Events, Classifieds, Forum, etc.
My suggestion is this. Build a site, do all the things you believe are important and then sign advertisers to contracts. In other words, put your reputation and talent on the line. If you donโt drive serious business to these people you will be run out of town. If you survive the first year, I promise you will have entered a new world that most domainers havenโt a clue about and you will have learned to play by a whole new set of rules. And when something works, you will be exceeding hesitant to mess with the formula (ever wonder why Google still hasnโt changed their front page?).
Our sites have been criticized by webmasters and designers alike for years. And Iโll tell you the same thing I tell them โ every day my brother and I cry all the way to the bank.โ
~ David J Castello
------------------------------------------------------------------------------
โIf you have the money, purchase the best domain name you can get your hands on. But remember the golden rule: a domain name is only worth what you can do with it. Weโve turned down $5,000,000 for PalmSprings.com and didnโt think twice about it because weโve monetized it so well. However, in someone elseโs hands, PalmSprings.com could have been parked or less developed and worth nowhere near as much. If you have the talent and vision to develop a generic mega-domain, please give people like us a call.โ
David Castello