Last post this morning before I get distracted. The one question I hear more than any other and sometimes the question comes with an accusatory tone. Like I am supposed to apologize for recognizing the value of domains in 1995 when others did not. Like I have something to be ashamed of. Try they may, but it will never work. So back to the question. 'If you were to start today how would you do it?' Of course the underlying tone is 'You could not do it.' which is of course nonsense.
First I always say....Stop buying WORTHLESS domain names. But few pay attention. They still buy garbage and in many cases pay for crap what I pay for a domain that can be a business standing by itself.
So look at the list of domains I bought this week. Nothing over $10k. The best domains cost me the least. There were a dozen others I could have won as well but at this stage of things I am looking to fortify what I have which is different than somebody starting out today.
Rick Latona Auction:
1. Rickshaws.com $5500
2. NetMarketers.com $1250
3. BreakfastBars.com $1300
4. AsianFlu.com $3000
1. HotProducts.com $9000
2. ReTrain.com 4500
3. Bribes.com $3000
4. AffiliateAdvertising.com $5000
5. Wager.co.uk $5000
6. Exhibiting.com $5000
Now some of these domains are not the way I would START a domain collection....but domains like breakfastbars.com that is a multi billion dollar industry is an example of how to start. $1300 to go into business?? Insane! If I had nothing in life to do, I could make a living with this single domain name. Same with RickShaws.com. Same with AffiliateAdvertising.com. Same with HotProducts.com.
So while others are buying qzy.com for $20,000 and dgrhyd.com for $1000, I do it differently. I look for meaning. I look for a domain name standing alone to be a business. I don't expect anything less. So I will say to folks, it is time to raise your game. Liquidate the CRAP and buy prime. There are sooooo many GREAT domains coming to market that you have ONE LAST CHANCE to make it in domaining. This is going to be your very last chance of buying great domain names. The window of opportunity is open. I am not smart enough to tell you how long that opportunity will last. Months maybe, a year. That's about it. So if you pay a lot in renewals and your domains don't do it, get rid of 160 worthless domains that are a liability and trade it in for one breakfastbars.com or thousands of other domains that actually mean something. Turn your liabilities into assets. Quality rules now and rules always.
Have a GREAT Day!