By: Raymond Hackney
I think its good to read the stories of successful people and try to learn from them. The domain industry has a lot of success stories and they are worth reading.
But you have to be careful in this business with such a low barrier to entry. People think hey Rick Schwartz just hand regged 10 domains about a certain topic, so can I. But maybe the 10 domains becomes 100. Or someone read that Michael Berkens is dropping mid five figures for .me domains. This inspires readers inspired by the post, to go register some .me domains. They may have never thought about .me until reading a blog post.
The important thing to remember though is they are heavyweights with a heavyweight bankroll. They can afford to be wrong a lot more that the average domainer. I will be the first to admit that in 2003 – 2004, I was reading things and thinking "Oh let me emulate that" But that was my mistake, because I could not put mid five figures into domaining. So I realized I am screwing up, its great they are having this success, but I can't reg 10,000 names to have offers everyday.
When people read certain domainers and the offers they get each month, they have to remember these people own 20,000, 50,000, 100,000 domains. If you own a portfolio of 300 to 500 domains you are not getting offers everyday.
When you read about others success and you are not having any, it might discourage you. If you know what you know and stick to it, you should be all right. Understand that maybe you have $1000 names and not $100,000 names. There is nothing wrong with turning $8 to $69 into $1000. Know your weight class, look to move up absolutely, but make sure you understand each class you move up into. The game changes the larger your portfolio.