To Give Up or Not to Give Up...

[armengrecotech]

Hi all...

Maybe it's just that I need some encouragement...

I'm new to the market. I've learned so much about the domain business.
I have all my valuable resources all in my bookmarks...
However, it feels like I just can't get things started.
I've bought 3 domains... all worthless and won't sell...
I've backordered domains that can make a hell of a profit... but I've gotten outbid constantly or the price of the domain goes sky high to the point that I can't afford it, and that it is getting outbid of it's profit potential...

I guess my question is kind of... how did you start out?
Do I need a lot of cash just to get myself going?

I feel like I'm on the verge of giving up, but I know that's not going to get me anywhere.

 

[bizcorp]

I would advise you to start small and build your portfolio up from the bottom. Try buying domains which you can see potential in developing or reselling to an end user. It is important that you try and generate some revenue of each domain that you buy which can then fund more domains and so on. Starting out is the hard part, but once you get past the initial hurdle, you will have resources to grow your business.