What does a REAL Domain Investor Look Like?

Morning Folks!!

A REAL Domain Name Investor KNOWS that every domain he or she buys and the $$$ associated with that purchase will be tied up for a VERY long time! A REAL Domain Name Investor does not chase yesterday, he looks at how tomorrow will unfold. A REAL Domain Name Investor does not buy a domain and put a price on it 5 minutes later.

A REAL Domain Name Investor studies their new domain name.

A REAL Domain Name Investor does not even think about selling, he thinks about VALUE.

A REAL Domain Name Investor thinks about how it fits in with their other holdings.

A REAL Domain Name Investor never uses Estibot to buy, sell or value domains.

A REAL Domain Name Investor will  not answer many inquiries.

A REAL Domain Name Investor will not answer low ball offers.

A REAL Domain Name Investor does not sell to other domain investors  except for the tax loss when needed and all GTLD's.

A REAL Domain Name Investor will not even give a counter price until there is a bonafide offer in the proper price range.

A REAL Domain Name Investor would never even answer an email with somebody pointing to Estibot.

A REAL Domain Name Investor knows a registry has 1 or 2 basic functions.

A REAL Domain Name Investor does not do business with registries or registrars doing "Clawbacks" after the fact!

A REAL Domain Name Investor invests in GOLD not Copper or Tin.

A REAL Domain Name Investor knows that .Net is an orphan

A REAL Domain Name Investor knows that .org has more identity and importance than a .Net

A REAL Domain Name Investor knows that before an end user gets to .Crap-----.net, .Info, .Org, .TV, .Biz and ccTLD's will all be considered FIRST. Oh did I mention .com?

A REAL Domain Name Investor has valuable domains and they are easily recognizable.

A REAL Domain Name Investor has actual earnings and maybe sales to point to.

A REAL Domain Name Investor knows this is a lifetime journey and not a sprint.

A REAL Domain Name Investor can rattle off their top 3 domains in a heartbeat!

A REAL Domain Name Investor gets up early, works late and NEVER really takes a day off.

A REAL Domain Name Investor knows the WHOIS is the #1 place to sell a domain name.

A REAL Domain Name Investor does not list their names at every outlet as fast as they can.

A REAL Domain Name Investor is very careful about how they sell a domain and who has the authority to do so.

A REAL Domain Name Investor earns a living from domains or has the potential for a windfall.

A REAL Domain Name Investor does not buy NNNNNNNN.com domains

A REAL investor does not buy LLLLLLLL.com domains they buy WORDS!

A REAL Domain Name Investor can look at a list of 100 names and pick out the best one in less that 10-15 seconds.

A REAL Domain Name Investor can find a decent domain in any sector in minutes for $8.

A REAL Domain Name Investor knows what Pigeon Shit Smells like, looks like but hopefully doesn't taste like.

A REAL Domain Name Investor does not say it is "Unique". ALL domains are unique!

A REAL Domain Name Investor is prepared to LOSE money!

A REAL Domain Name Investor is prepared to MAKE money.

A REAL Domain Name Investor knows the difference!

A REAL Domain Name Investor does not have time for fakers.

A REAL Domain Name Investor makes MONEY with domains.

A REAL Domain Name Investor learns everyday.

A REAL Domain Name Investor appreciates the freedom and opportunity domains give.

A REAL Domain Name Investor understands the POWER a domain can have.

A REAL Domain Name Investor is a critical thinker.

A REAL Domain Name Investor has business acumen.

A REAL Domain Name Investor understands sales, marketing, advertising, history, retail, wholesale etc.

A REAL Domain Name Investor understands, Need, want, desire, value, timing.

A REAL Domain Name Investor does not dismiss "The Radio Test"

A REAL Domain Name Investor understands the masses and the average person.

A REAL Domain Name Investor can see John Jones Thru John Jone's eyes.

A REAL Domain Name Investor understands how large companies work.

A REAL Domain Name Investor understads how small companies work.

A REAL Domain Name Investor knows the difference between the two.

A REAL Domain Name Investor lives and breathes domains.

A REAL Domain Name Investor will pass their holdings on.

A REAL Domain Name Investor knows that domains are not liquid and may have no or limited cash value.

A REAL Domain Name Investor wakes up and thanks the Lord every single day to be in such a great business.

A REAL Domain Name Investor knows he is alone on this journey.

A REAL Domain Name Investor knows there is a lot of trial and error.

A REAL Domain Name Investor knows what a Domain Vein is.

A REAL Domain Name Investor does not care about the age of a domain.

A REAL Domain Name Investor knows how to dig deep or scratch the surface and the difference.

A REAL Domain Name Investor knows the true value of what they have and can say NO.

A REAL Domain Name Investor would never sell for chump change.

A REAL Domain Name Investor does not Shill bid at auctions.

A REAL Domain Name Investor does not support auction houses that don't STRONGLY enforce shill bidding rules and publicly suspend those that violate their terms.

A REAL Domain Name Investor does not infringe on Trademarks!

A REAL Domain Name Investor is not a Cybersquatter!

A REAL Domain Name Investor..........Add YOURS in comments! It could go on for days.

A REAL Domain Name Investor........

A REAL Domain Name Investor.......

A REAL Domain Name Investor.......

Coming Soon, how to spot a A FAKE Domain Name Investor!!

Rick Schwartz

PS: A REAL and SMART Domain Name Investor invests in .COM DOMAINS! :-)

A REAL Domain Name Investor reads RicksBlog.com ;-)

Domain Trade Shows are Dead! But Meetups May Thrive!

Morning Folks!!

As far as I am concerned, Domain Trade Shows are DEAD! They are run for the wrong purposes, for the wrong people and are just spamfests! They no longer have value. It really stinks when YOU pay and MOST don't! That makes YOU a FOOL! You got fooled!

So I think UNSPONSORED  "Meetups" are far superior now and in the future. Forget about the spammy speakers. Forget about the travel and hotel and airplane expense. Forget about it!

Get 10-20 REAL domainers together and just have a "Dutch Treat" dinner and talk, talk, talk. Compare notes. Look for real answers that you can no longer find at the Spam shows.

See "Domain Investors" got overrun by all those companies like registrars, registries,and all related and allied fields. It is THEIR AGENDA not YOURS!

See there are less than 500 professional domain investors in the world. That's about it! There are 12x more people that work for Godaddy than all the domain investors in the world. So if you add up all the people working for companies that CAN'T MAKE YOU ANY MONEY, you will see it is in tens of thousands. Why are you wasting your TIME with THEM????

Look at the shows. You are lucky if a handful of actual Domain Investors actually show up. And it is watered down by perhaps a couple hundred folks that KNOW NOTHING about investing in domains. They know about trying to sell you something. Mostly WORTHLESS GTLD's.

So imagine you go to a show with 190 GTLD registries and a bunch of registrars and 10 domain investors vs a meetup with just those 10 maybe even 20 REAL domain investors. Which do you think has more value? Cut out the sponsors for your free lunch or free whatever and pay $100 for a dinner and do some business!

Non-profit meetups vs ????

Rick Schwartz

Facebook, Twitter and Google Show their UGLY Business Practices and BUSINESS Responds!

Morning Folks!!

Let me start with my "Update" in yesterday's post.

UPDATE!: In the past 24 hours I have seen 2 high profile incidents where on TV they did not send their viewers to Twitter or Facebook but instead are promoting their own WEBSITE! We may be at a watershed moment. People got the message about controlling their own destiny!

I continue to see commercials and I am seeing social media links that are GONE and replaced with their domain name! This is a BIG deal! It is widespread and spreading very fast.

As many of you know I closed my Twitter Account last December and soon after I did the same thing with Facebook. Why? One word. TRUST! TRUST! TRUST! I no longer trust these platforms in any way, shape or form. These platforms can ruin your life as fast as you can post something that offends somebody.

I experienced it first hand. Threats of violence and worse. If you hit a nerve, watch out! But the way that society is now designed your social media is part of your credit. Part of your job application. Part of everything you might ever do!

But now back to business. They relied on these platforms to open shops and do business and customer service. That was plain IDIOTIC! It's one thing to make a contact on social media but the first thing folks should be doing is directing them right back to their website to help them with whatever they need.

Businesses work so hard to be cool so they bought in to the Social Media nonsense. Then they watched as many got bitten and others were put out of business overnight on the whim of some MORON working at one of these companies. Their stocks are down for a reason. What's coming is going to be ugly for them.

Please pay attention to TV commercials and magazine advertising. The shift and the speed of that shift is stunning. They seem to finally get it! Putting a businesses destiny in the hands of third parties like Twitter, Facebook, and Google is simply insane. Especially NOW with what we have all learned this year.

Whether that helps to ignite domains again is unclear. Why? Well, they already own their domain, they just did not promote it or use it in the correct way. Then biggest opportunity in domaining is with companies upgrading their domains to something more prime. Big sector and big money!

This is a perfect example of why you need to pay attention on a daily basis. When things change, it may take a long time, but when that change actually happens, it happens very fast!

So look at the TV commercials and you will see social media links are GONE and replaced with their domain name. THAT'S a GIANT LEAP towards the right direction!

Rick Schwartz

 

 

Everyone Trying to Sell Their Portfolios but NOBODY is Buying Them. Now What?

Morning Folks!!

I get emails all day long from folks trying to sell their domains. But there is a difference of late. They are no longer trying to sell one or two, they are trying to sell their entire portfolio and get out of the domaining business all together. Problem is there are no buyers.

Domainers are selling because their one time assets are now liabilities. They are bills. And those wasted $$$$ could be paying the mortgage. And I am really sorry to say I have not seen many portfolios with value. To be honest, most don't have a single domain of any value whatsoever. And they are competing against those with really nice portfolios that can't sell either. The good ones are way too risky to tie up any more $$$ with regardless of the quality.

Demand is simply WAY down. Domainers are financially weak and they are not buying. Plus they already have a boatful of domains themselves that are moving VERY slowly.

Folks like Godaddy won't buy most portfolios unless they are filled with NNN.com and LLL.com and alike. Why? Because they are clueless on what a valuable name looks liken or how to price or sell them. So they stick with these type domains that they can buy and sell rather easily compared to domains of great value.

I have a pretty decent portfolio. Here is the list of my top 10 offers I have had for my entire collection over my career. I am retired. I would love to get a lump sum.

1

2

3

4

5

6

7

8

9

10

That's right! Nobody has offered me so much as a penny! (Except for some wise guy commenter after I write this)

I have been the #1 proponent of domains for over 23 years. But I always deal with reality even when it is hard. As the new GTLD's die off, things may improve. But then again, that's the exact thing that drained the money out of the industry to begin with. I don't know that domainers can EVER financially rebound from those losses and continuing bills. Believe me, the desperation level is the highest I have ever seen it. Domainers are BEGGING for folks to buy their domains and get out of this business.

The next few months are going to be important for our sector. We are smack dab in the middle of "Domain Season". But that season is not for marginal or silly names. It is for serious upgrades and serious startups. BIG deals.

The best thing that happened to domains this year is the continuing implosion of social media. The veil is off. We have been lied to, suckered, silenced, used and worse. The fuzzy glow of Facebook, Twitter and Google are GONE! Their power and how they used it against us was exposed. The shift is still happening.  This is the silver lining but we don't know how that will manifest itself yet. It should benefit domains.

A domain is about making a statement. It's about memory. WeBuyUglyHouses.com is the perfect example of why the average end user can and will find a $10 name in a few minutes. More meaningful than the crap domainers have for big money.

My domains have nothing to do with your domains. They are all unique assets or unique liabilities. Either they have FACE VALUE or they don't. Either another party would want to own them or not.

If you play the lifetime domain game it does not matter. If you are buying and selling, it does matter.

Year over year on DNJournal.com's sales tracker it appears that 2017 and 2018 numbers will be very close. Then again these are only reported sales and in fact, most big ticket sales are never reported.

I think there are ways to report those sales without breaking any confidentially agreements by simply giving a bottom line of all sales in any specified period by a broker, domainer or company. I could say I have $20 million in sales for 2015-2017 but I don't have to give specifics. I may even be able to list the domains sold without violating any agreement or spirit of that agreement. Things like that are helpful to an industry like ours but many won't contribute to that effort. It hurts them as well.

The GTLD frenzy is over. The Chinese frenzy is over or at least on pause. Many are on the downside of the slope when it comes to domaining. No matter how much they made in the day, the day is over and they are coming to grips with that. I'm sorry that is happening to folks. But it's the reality of the times.

Are the golden days of domaining behind us? Maybe! But there is still much gold in domains. There is still opportunity. But it is SLOW opportunity! SLOW! The fast track is in crisis. Time is not their ally. The bills are coming in faster than the sales can pay those bills. That's a problem and that's a problem many in domaining are facing.

It's also a problem that I decided to focus on from my very first purchases so I would never be in a weak negotiating position. I pay my domains 10 YEARS in advance when I can. Not all. But the ones I want to make sure I protect. When I have a windfall, I pay forward even more of them. Been doing that since 1996. Totaled up, I am thousands of years ahead on renewals, not a single day behind.

Rick Schwartz

UPDATE!: In the past 24 hours I have seen 2 high profile incidents where on TV they did not send their viewers to Twitter or Facebook but instead are promoting their own WEBSITE! We may be at a watershed moment. People got the message about controlling their own destiny!

Spammy Domain Trade Shows. True Domain Investors vs Wannabe’s. Why it Matters.

Morning Folks!!

If people would add up all the TIME they WASTE with know-nothings and fakers and wannabe's that pose as credible business people they would find that it is measured in Weeks, Months YEARS!

Imagine if you are a fool and you were to answer every spam you get as if it was a serious contact. How much time would that take? Well, many of the emails we get have little more value than that but an untrained or naive businessperson will answer anyways. Sorry, there is no law compelling you to waste your time and answer an email of no interest. I would not even worry about etiquette. How much is the time in your life worth?

So, being efficient and sometimes even stingy with YOUR TIME is something you might want to consider. Bottom line, I don't want to waste my time with folks that waste people's time for a living. And unfortunately, that includes a huge swath of people.

But that was the methodology I used with TRAFFIC: "How do you keep the time wasters out and the qualified people in?" Well, if you give it away for free, then every Tom, Dick, Harry and Mary is there. Most have no value to you but they sure will waste your time. By the time you get thru the crowds to the people that count that can further your career and ambitions, time is up!

The best qualifier in my eyes is monetary. You want serious people? Charge a serious price. You want people that feel compelled to make things happen and do business? Charge a serious price. You want to use your time to the utmost and truly find out new and timely information? Charge/Pay a serious price.

Today we have GTLD sellers posing as domain experts and they populate each and every show. They are not there for YOUR benefit. They are there for THEIR benefit. You are being spammed and you don't even know it! That becomes a waste of time. YOUR time! And that translates to wasting money! YOUR money! More money wasted than going to a serious show, paying a serious price, being among serious people, looking for serious opportunity and new business. Get serious!

And speaking about getting serious......Do you know what percentage of people get into these shows for FREE vs Paying? Do you pay?? Then maybe you need to know. Magazines publish exactly how many subscribers there are. They break them down into 2 categories. FREE and PAID subscriptions. I learned to only advertise in PAID magazines. The results would be 10x that of the FREE JUNK! Why? Readers were simply more qualified and had some skin in the game. But to pay to get spammed when many to most are getting in free?? Those folks must be brain-dead.

Yup, if you prey on Newbies, then by all means just ignore what I have said. But if you are looking to do serious business, with serious people, maybe consider the difference serious makes vs NOISE and spammers. But to pay to get spammed?? Those folks must be brain-dead. And of course I got persecuted for making almost everyone pay to get into TRAFFIC because that was the right way regardless of the names I was called. The fair way. And it was effective and successful. However I did financially help many along the way to get in.

I also got pissed when domainers would try and sneak in without paying. Or when Google and Yahoo would FLY a dozen folks or more from California into Miami to do business with domainers but refused to come in the front door like everyone else and pay like everyone else. Sorry, they are SCUM in my book and still are!

I don't care either way. I'm no longer in show-business. But now that we are several years down the road, I just thought I would point that out. The Domain Investment Industry is splintered, meandering and meaningless. It's all but gone. We came to domaining alone and one by one. We will leave domaining alone and one by one. Last person out please shut the door!

Bring on the hate!

Rick Schwartz

Fearing Innovation is for Fools! Disruption is Good! The Sky is Not Falling!!

Morning Folks!!

At every stage of innovation throughout history the masses or certain segments or those with skin in the game have warned about economic collapse and loss of jobs during every innovative period. But that really does not happen. Here is the reality.

Innovation gives us more time to be productive and efficient. It never goes the other way! NEVER! When computers came out everyone was going to be replaced by computers. There was a shift, but it never does what they warn it will do. It ALWAYS does exactly the opposite. More productive, more opportunity, more money, higher standard of living.

When cars came out the poor blacksmith was going to go out of business. Maybe they just got shifted to working on cars and making more money. Things change. But they don't change for the worse. They change for the better. ALWAYS!

With robotics and AI and Virtual, these are all things that will help humanity increase their standard of living. People will work less and make more or they will work the same or harder and make MUCH more.

Poverty today comes with all the modern conveniences. When I was growing up, poverty meant no electric, no running water, lack of food, no TV and possibly lack of shelter all together. But as society becomes more efficient, even those living at the poverty level have many things and a standard of living much better than their ancestors. That's all a result of the inventions that the fools feared and warned of.

Before computers and the Internet, kids would make a few dollars mowing lawns or selling lemonade or babysitting. Today those same kids have the opportunity to open REAL businesses and make FORTUNES! And it does not matter if they are sitting in New York City, Oklahoma City, Panama City or Ho Chi Minh City! Access is close to equal for everyone on earth. That's POWER! Power folks never had before. WOW!

Progress is nothing to ever fear. It's something to embrace and exploit and gain freedom from. So, Vive La Robots! Vive La AI, Vive La Virtual, Vive La every single advancement we can make!

If you have not made your fortune yet, pay attention and you can. It's there for the making. But it's up to you to drill down, explore, think and figure out what it all means. Good Luck!

Rick Schwartz

I Don’t Care if Verisign Registration Prices go up! You guys are 10 YEARS Too Late to be Outraged!

Morning Folks!!

The outrage in the domain industry about Verisign is laughable. 10 years ago when it really counted, domainers were AWOL! There was a lawsuit against Verisign, but domainers did not support it and eventually we ran out of funds to fight. Guys with 250,000 names or more sat on the sidelines. They contributed nothing. Now they are outraged?? Give me a break!

Go buy some Verisign stock! I hope the prices go up and it forces the wannabes out. Remember, I was paying $100 a pop at the start. Then $70. Then less. At $8 I am not sure why everyone is so upset. For a REAL business $8/year is a joke! You can't get a decent Burger, Fries and Coke for $8 let alone a WORLDWIDE presence!

So stop the whining! Increasing the registration prices only hurt domainers and NOBODY gives a rats ass about Domainers! I don't think a real business owning 1-10 domains cares. Why should they!?

I would suggest that some dump all their domains. With the savings on renewals just buy Verisign and you will MAKE MORE MONEY!

Rick Schwartz

Which Metals do you Trade in? GTLD’s are Like the Metals Few Ever Heard of!

Morning Folks!!

Here is a list of metals. If you ask the average person on the street to list all the metals the best they will do is come up with about 10-15. Probably less. That's out of about 100. And they have been around all of our lifetimes and it was taught to us in school.

There are going to be 1000 GTLD's. The average person could not name 10-15 and NEVER will. The average person could not name ONE today! NOT ONE!!! The fact that "Domain Speculators" can't even see, discuss or understand this tells you everything. It's just too simple to understand. But as their wallets keep getting lighter, they should eventually figure it out. MAYBE!

They do have one thing in common. Most new GTLD's have a lower value than TIN! But everyone knows TIN! GTLD's for the most part are BILLS not ASSETS! Do domainers actually know the difference? Tin at least has value and there is demand.

Lithium
Sodium
Potassium
Rubidium
Cesium
Francium
Beryllium
Magnesium
Calcium
Strontium
Barium
Radium
Aluminum
Gallium
Indium
Tin
Thallium
Lead
Bismuth
Nihonium
Flerovium
Moscovium
Livermorium
Tennessine
Scandium
Titanium
Vanadium
Chromium
Manganese
Iron
Cobalt
Nickel
Copper
Zinc
Yttrium
Zirconium
Niobium
Molybdenum
Technetium
Ruthenium
Rhodium
Palladium
Silver
Cadmium
Lanthanum
Hafnium
Tantalum
Tungsten
Rhenium
Osmium
Iridium
Platinum
Gold
Mercury
Actinium
Rutherfordium
Dubnium
Seaborgium
Bohrium
Hassium
Meitnerium
Darmstadtium
Roentgenium
Copernicium
Cerium
Praseodymium
Neodymium
Promethium
Samarium
Europium
Gadolinium
Terbium
Dysprosium
Holmium
Erbium
Thulium
Ytterbium
Lutetium
Thorium
Protactinium
Uranium
Neptunium
Plutonium
Americium
Curium
Berkelium
Californium
Einsteinium
Fermium
Mendelevium
Nobelium
Lawrencium

Rick Schwartz

 

Rick’s Version of The Domain Game: Hold or Sell? How Many? How Often? How Much?

Morning folks!!

It is often pointed out to me that I won't sell my domains in my lifetime. DUH!!! I knew that the day I started seriously investing in domains. My portfolio would outlast my lifetime. But I am not going to sell on the cheap. EVER! That's what Generational Wealth means to begin with.

Do you think the Rockefeller's and the Carnegie's and the other land barons and industrialists of the time sold their properties before they died? The Biltmore Estate in Asheville is the largest private estate in America. George Washington Vanderbilt built this in the late 1800's. Still owned by his family to this day. It has some 6500 acres, over 125,000 feet in the house. On the property there are  2 hotels, museums, large working winery, gardens, a dozen restaurants, etc. and takes in a small annual fortune. Yeah, I know, he is dead. But his legacy lives on.

Did Steve Jobs sell all his iPhones and computers? If you do it right, you're gonna die with a whole lot of stuff! Assets. Things of value. Things that will help the next generation. Maybe Jobs has inventions that have never been made or marketed yet. Elvis, Michael Jackson, Prince, have songs that are released after their death.

So, while everyone else was so busy trying to sell, I only focused on buying and still do. While others focus on ROI, I could care less but I break calculators with my ROI. While others focus on selling 1%, 2%, 5% or more of their portfolio each year I am geared exactly the opposite. I am happy with 1, 2 or 3 sales per year. I simply want to make at least $1 million or more per year. EVERY year. The value of what I have will eventually be understood and appreciated. And if not, that's okay too.

So my buddy Mike Berkens sold most of his portfolio to Godaddy.com for a little over $35 Million. It was a great portfolio. Contained about 70,000 names. Nice names!!! He did great and I am happy he was able to cash in and so is he! And he earned millions in revenue with his traffic along the way. His timing was perfect. I never even had an offer for my portfolio nor do I expect one.

I have not even sold 70 domains. I have gone out of my way to preserve my portfolio. I have sold maybe 35-40 at most! A rate of 0.061% divided by 23 years!!! I am such an idiot for still having 6500 names and 99.94% of my domains left. Some domainers try to put me down for lack of sales. Maybe they have a lack of BRAINS! Maybe they don't understand MATH as I will show below! Maybe they are just poor businessmen and women. Maybe they suck at selling. Maybe they use Estibot. Maybe this and maybe that. Maybe they are just jealous of anyone's success. Yours, mine, everyone.

I face the possibility that I may never sell another domain. But then again, I probably will. So do I cash out by taking a lump sum that may only end up being $1000/domain or do I take the path that may lead to less, but then again, maybe quite a bit more. Perhaps even a windfall. Well, I have chosen the latter. I chose it because I believe in the portfolio I have. I believe in the long term viability. And what work is really involved selling a domain? This blog post takes more effort. I just shoot out prices. Maybe try to spark a conversation. Not exactly digging ditches. So something I can hopefully do until the very end.

Some think I should sell at a higher rate don't understand the equation because I'd rather sell for higher money.  Yes, I know I lose sales. Guess what?? I don't care. I play a different game. And yes, I have a different inventory. Am I supposed to apologize for that?? Feel guilty because I recognized something before most? Especially all those that take their time to criticize me. LOL!

So my total domain sales are in excess of $28 MILLION! And my portfolio is more than 99.94% intact!

The way I play the game it is a marathon. The longest and slowest with the mostest, WINS!! But I also think I have most of my "Life Lines" intact. I have plenty of supplies. I am financially strong. I don't have to decide which domains to keep or sell and which to drop for financial reasons.

Many in domaining have made more than me. Much more!! But I doubt anyone was as efficient as me! First of all I have been semi-retired for my nearly my entire time as a domainer. No headaches, no employees,no schedule, no worries. As a solo artist my domain career earnings are over $60 million over my 23 year domaining career.  But they say it is not what you make, it's what you keep.


  1. Cost of Employees $0

  2. Cost of Rent $0

  3. Cost of advertising $0

  4. Cost of Electric $0

  5. Cost of ??? $0 $0 $0 $0

  6. Cost to run this business $55,000/year

  7. Traffic earning reimbursement $60,000/year+


Total operating cost $0

I took about $7.5MM and reinvested in domain names.

I paid an average of about 30% taxes per year.

I took 25% of those dollars after taxes and bought high end real estate.

I took another 25% after taxes and stashed the cash.

Then I invested in many things of great value. Things that I enjoy and give me pleasure but also have a liquid cash value.

The rest, I enjoy the best of what life has to offer and will continue to do that as long as I can. I am a consumer of world travel, luxury hotel suites and the top cruises on the high seas with their owners suites. I like really nice cashmere sport jackets and comfortable shoes.

I get to buy the best. Even if the best is a McDonald's Quarter Pounder with Cheese! Arby's or Taco Bell. It's hard for me to pass up Checkers. But then for dinner I can easily drop a few hundred for the 2 of us and do it often. I love eating. I am really good at it! I reached a high of 217 back in 2005. But I have learned to eat well but in moderation. Today, 181 LB's. I'm a lean, mean eating machine!

Sure, it would be nice to sell my entire portfolio and ride into the sunset. But I have no expectation of that happening. They would really have to have a long term vision and very deep pockets. Besides that they would really have to understand domains and value and future value and power. I don't see anyone that would meet that criteria. They buy the low hanging fruit that you don't need to be that experienced a domainer to buy. NNN.com, LLL.com etc.

If you read my posts over the years I have always stated that there are so many different ways to climb the Domain Mountain and make your fortune. Many paths lead there. The best I can do is share my path and hope others do the same with theirs. It's been a fantastic journey so far! One thing is for sure, the future looks quite different than the past when it comes to domain and domaining. Great domains will pass the test of time.

Rick Schwartz

Christmas for Consumers Begins TODAY! Christmas for Business Ended in July.

Morning Folks!!

You can expect seeing Christmas related things starting very soon. As early as today. But for many businesses that depend on Christmas, it's over. The cake is already baked. The orders placed in June and July are arriving NOW!! Christmas for Business happens in the summer. EARLY summer! If they place an order in China TODAY, it won't even arrive until Christmas or later!! Like I said, Christmas is over for business. The only thing left is selling and tallying up the totals.

Now many don't know or understand this. That also means they don't know while everyone is focusing on Christmas, Business is planning for 2019 and beyond. The marketing, the strategy, the budgeting. That's an important time for domainers. Business is being done. This is OUR season!!

That means take offers more seriously. There are real hunters out there right now. They are aiming for something specific. In domaining your job is to have something specific.

And speaking of something specific, I would imagine we are looking at the last Christmas for Sears as we know it. Once the best run company in America and maybe the world, is going bye bye. There is no excuse for this but POOR LEADERSHIP! HORRIBLE LEADERSHIP! Poor vision. NO Vision! They could not make the leap to this new century. They did not even try. The rise and fall of Sears should be taught in every business school but it probably never happen.

It's tough to learn business in school. You learn business by opening a business. Then you are forced to go thru each and every step. You learn from Failure and success. You learn by selling and buying and paying your bills on time. You learn by doing. At the end of the day, there is no substitute for experience and talent.

Getting back to Christmas. Could be a WHOPPER!! Especially for big ticket items. People have jobs and they have $$$ in their pockets. It's been 10 YEARS since the crash. They are ready to let loose!

So now that we have an idea about Christmas, let's look past it. As I stated above, Sears is gonna go Bye Bye! But who else will collapse and have to shut their doors? I guess that depends on how much of that pie Amazon snaps up.

Malls continue to have more and more space for lease. Especially in suburban areas. Times are a changin' and in changing times you can always make money.

One thing you MUST and NEED to believe. There is more opportunity RIGHT NOW than any other moment in history. There is an abundance of opportunity. Every new product presents opportunity.

10 years ago when the crash happened, the first iPhone came out. Many shrugged their shoulders. I wrote about the iPhone in detail. I also said that if I had nothing to do, I would have gone into the iPhone accessory business. Of course I was not taken seriously. But I was serious and you can look back and see what a HUGE opportunity it WAS!

I still make $$$ from my Vanity 800 Numbers but I am no longer active in that business. I am still making $$$ in Domains, but am retired other than sharing my views from time to time. I walked away from the trade show business for reasons I have described previously. I made a 7 figure hit with Bitcoin but I am out of Crypto as well. I think of businesses to open all the time. Then I realize I am retired and I just don't want to work that hard or work again.

What's the next big thing??

Opportunity is plentiful. What is not plentiful is imagination, ideas, follow-thru, patience, understanding, PROFIT. So as we roll around to another Christmas season, pay close attention to what happens. THIS is your school! This is the time of year to get new information. This is the season you prepare for your future not your past.

Rick Schwartz