I recently introduced a new Namepros member to domaining (offline friend). He didn't make the best investment early out, buying some LLLL.coms for a fair bit more than they were worth... All in all, he's happy to be domaining and
he's happy he lost money early on (he's a couple weeks into domaining now) -- in his words,
losing a bit early on helped him learn more about domaining than any amount of reading could.
For those who try and fail... You're never gonna succeed if you don't try again!
The one illusion about this industry is that everyone makes money -- and unfortunately the largest publications and news media in this industry reinforce this very false statement. I see 90,000+ Namepros members -- I don't see 90,000 DN Journal cover stories.
I understand that "The man who Owns the internet" is better at selling papers than "This person lost $5000 trying to make money online", but how can we really know the truth if we never hear the other side?
I really wish Ron would publish a little guy's journey through domaining every once in awhile. It doesn't have to be a total noob's journey -- even writing an article on someone like Giode or Sashas who made $XXX,XXX in their first year would be a welcomed change from interviews about people who made their money 10 years ago or own giant companies that a person starting out today would have little to no chance of replicating.
I've tried to make money online just about every way there is to make money on the internet -- get paid to read, paid surveys, paid learning quizzes, selling on ebay, dropshipping, web design, adwords arbitrage (before it was outlawed), other forms of internet arbitrage, affiliate programs, and... domaining.
It took a L-O-N-G time (9 years :red: ), but I'm not ashamed to say today that I make enough on the internet to never work a day job. Too many people think they can start today and be there tomorrow. If you consider not achieving that failure, then I guess pretty much everyone in the world is a failure.
You don't become the CEO of a company overnight, you don't become a hedge fund manager overnight, why would someone think that they could make enough money to retire on overnight, all the while in their PJ's?
If you start today and work hard at it for 9 years, I'm almost 100% certain you'll be there -- probably alot less if you actually apply yourself and don't approach everything haphazardly like I did for the first few years.
But overnight? :bah: