Saturday Musings – Planning For Your Future

Saturday Musings – Planning For Your Future

So many people let life live them rather than living life. What do I mean by this? The vast majority of people go through the motions each day in order to put food on the table, pay the bills etc. Domain owners are very different individuals as they’ve decided to take a risk and invest in what many see as a highly risky asset.

Escrow.com

The problem is that so many domain investors stop there. They buy the domains and then wait for the magic to happen and believe they'll rake in huge amounts of cash. When this doesn’t happen they crawl back to the nay-sayers and say they should never have invested in a crazy asset like domains.

Before you humble yourself to people who invariably don’t have the gumption to take any risks consider this, buying an asset isn’t the same as working on your business. Buying the asset is the first stage in a journey and that journey will always starts with you. How much you develop yourself will have a direct impact on the success of your business venture.

I'm not trying to brag but I’m constantly attending conferences and speaking with other domainers so that I can learn from their successes and mistakes. It's a real cost to do these things but the payoffs can be astronmical. Reading blogs (thank you for reading this one) and participating in forums is another way you can hone your skills which is less costly.

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