- Joined
- Mar 3, 2005
- Messages
- 1,935
- Reaction score
- 1
I will kinda step in here and give you my experience. It is only my experience and those who would like to agree or disagree is fine..but this is how I got my start.
It is very possible to still get in the game. You need to realize some things first.
Either you have money to begin with and can use that for your seed money, or you got alot of time and patience along with enough of an education to be able to find the "finds" and reject those names that don't make any money.
If you are a money person, you don't need to live off parking as you have come into the $ by some other means and most likely looking to invest some in a market that is very liquid and very little hastle. (As opposed to buy, selling, renting houses -- investing in high risk funds, etc). In that case this does not apply to you anyways.
If you are a time person you come into the game with almost nothing and can walk away with an empire but you got to know how to do it and how to play your cards right.
Right before I joined DNForum I invested 100 bucks into a series of a few names. I sold those names and made a little profit, then bought more, then sold for a little profit. After time I had a bunch of names and 1000 bucks. But, it is always about timing and scouring drop lists.
Domaining is a 3rd job for me (I got 2 already). And it really is a job. There is work involved. I have to look over lists, reg, and then find a way to sell.
After a while I decided that it was to much work and I wanted other people to do the work for me so I got into traffic names. I liquidated all of my non traffic stuff and got all traffic names.
Each parking payment always goes into traffic names, always. Also, I keep a little money on the side for deals that are too good to pass up. All of this money is paid for by previous parking payments.
It is possible to make good money now, still. But, you need to make sure that you are diligent about taking that money and reinvesting it.
You can eat the seed or you can plant it. I would rather eat my crops then eat my seeds.
But to get going you are going to have to work pretty hard if you are starting from scratch and expect to spend a good bit of time.
It is very possible to still get in the game. You need to realize some things first.
Either you have money to begin with and can use that for your seed money, or you got alot of time and patience along with enough of an education to be able to find the "finds" and reject those names that don't make any money.
If you are a money person, you don't need to live off parking as you have come into the $ by some other means and most likely looking to invest some in a market that is very liquid and very little hastle. (As opposed to buy, selling, renting houses -- investing in high risk funds, etc). In that case this does not apply to you anyways.
If you are a time person you come into the game with almost nothing and can walk away with an empire but you got to know how to do it and how to play your cards right.
Right before I joined DNForum I invested 100 bucks into a series of a few names. I sold those names and made a little profit, then bought more, then sold for a little profit. After time I had a bunch of names and 1000 bucks. But, it is always about timing and scouring drop lists.
Domaining is a 3rd job for me (I got 2 already). And it really is a job. There is work involved. I have to look over lists, reg, and then find a way to sell.
After a while I decided that it was to much work and I wanted other people to do the work for me so I got into traffic names. I liquidated all of my non traffic stuff and got all traffic names.
Each parking payment always goes into traffic names, always. Also, I keep a little money on the side for deals that are too good to pass up. All of this money is paid for by previous parking payments.
It is possible to make good money now, still. But, you need to make sure that you are diligent about taking that money and reinvesting it.
You can eat the seed or you can plant it. I would rather eat my crops then eat my seeds.
But to get going you are going to have to work pretty hard if you are starting from scratch and expect to spend a good bit of time.