Wise Words From Successful Domain Investors and Entrepreneurs
Domain investing and entrepreneurship are two areas that require a combination of knowledge, skill, and vision. To succeed in these areas, it takes more than just a good idea or a valuable domain name; it takes persistence, creativity, and a willingness to take risks.
In this post, we’ll look at some insights from interviews with successful domain investors and entrepreneurs and see what we can learn from them.
Bob Parsons – Founder of GoDaddy
Bob Parsons is the founder of GoDaddy, a company that revolutionized the domain industry by making domain registration accessible and affordable to the masses. In an interview with Entrepreneur, Parsons talked about his approach to entrepreneurship and his advice for aspiring entrepreneurs. According to Parsons, one of the keys to success is to be willing to take risks. He says, “When you’re starting a business, you need to be willing to lose everything. That’s the mindset you have to have.” He also emphasizes the importance of being passionate about what you do, saying, “When you love what you’re doing, it’s not work. It’s fun. And if you’re having fun, you’ll be successful.”
Andrew Rosener – CEO of MediaOptions
Andrew Rosener is the CEO of MediaOptions, a company that specializes in premium domain names. In an interview with Domain Sherpa, Rosener talked about his approach to domain investing and his advice for domain investors. According to Rosener, one of the keys to success in domain investing is to be patient and wait for the right opportunities. He says, “Don’t get emotional. Don’t fall in love with a domain. Be patient and wait for the right buyer at the right time.” He also emphasizes the importance of doing your due diligence and understanding the market, saying, “Know the market. Know what buyers are looking for. Know what they’re willing to pay.”
Frank Schilling – Founder of Uniregistry
Frank Schilling is the founder of Uniregistry, a company that provides domain name registration and management services. In an interview with DNJournal, Schilling talked about his approach to domain investing and his advice for domain investors. According to Schilling, one of the keys to success in domain investing is to have a long-term vision and to invest in quality domain names. He says, “I invest in domain names that I believe will appreciate in value over time. I’m not interested in quick flips or trying to make a quick buck.” He also emphasizes the importance of having a diversified portfolio and not putting all your eggs in one basket, saying, “Spread your investments across a variety of domain names and extensions. Don’t just focus on one niche.”
Success in domain investing and entrepreneurship is not easy, but it is achievable with the right mindset and approach. By learning from successful domain investors and entrepreneurs, we can gain valuable insights into what it takes to succeed in these areas. Some key takeaways include being willing to take risks, being patient and waiting for the right opportunities, having a long-term vision, and understanding the market. With these insights, we can apply them to our own endeavors and increase our chances of success.
By: Nica Layug