As domain income gets tighter and tighter people are looking for creative ways to fund their domain portfoilo expenses. There were a couple of really good articles in the past month that gave people tips on how to do this.
Rick Schwarz posted an excellent article on his blog giving newbie domain investors advice on how to start in this business. This was one of the meatier articles I’ve read from “the king” and I recommend it to both beginners and seasoned domain investors. Rick provides 36 tips, starting with
1. You are planting a SEED not buying a domain name.
2. You are staking a claim not buying a domain name.
3. Seeds take time to germinate, mature and bear fruit
4. You are planting trees not grass.
5. This is a 5 year plan
Rob Monster of Epik gave us examples of six people using his service and their strategy for developing domains. These models can be applied to platforms such as WhyPark and SmartName in addition to Epik. Monster tells the story of the following people:
The Empire Builder – Kenny Hartog
The Merchant – Oliver Hoger
The Stager – Morgan Schwartz
The Gardener – Todd Johnson
The Prospector – Aaron Wilkenson
The Bandit – Braden Pollock