How To Get Rich - Guaranteed

Some people seem to think that domain names offer a guaranteed route to becoming finincially secure, even rich.

They don't.

The reason they don't is simple. It's called people.

Some people, especially newcomers to the domain game automatically believe that just because they have stumbled on a name that isn't registered, that it must be worth something. A bit like finding buried treasure.

You see these names listed for sale every day on Ebay and domain forums.

That is not the way to getting rich, but there is a 100% guaranteed method and absolutely anyone can do it, though 95% or more, who read this post will never, ever do it.

The problem is that most people looking to make money want to do it fast.

They are the same people who play the lottery each week. (Click that link if you're a lottery player and see an better way to play).

The chances of winning are remote to say the least. In fact, there is no worse "investment" on earth than a lottery ticket, unless it's the winning one of course!

Could a domain name be a lottery ticket route to riches? Yes, of course, but the odds of registering a new one, doing no work and then watching the money flow in are not exactly in your favour.

So what is the 100% guaranteed route to financial wealth?

Simply this;

All you have to do is save 10% of every pound, dollar etc that you earn. Save it automatically by opening a new savings account and having an automated instruction take the money from your bank each week or month.

It will hurt to start with, but after a short time, you won't even notice.

Consider that the money you are saving is as untouchable as the money you pay in tax.

Either put the money into a long term, high interest savings account, or invest in a low cost index tracking investment plan. If you can do it using some government backed incentive scheme (like an ISA in the UK), then that's even better.

How boring is that?

That's not what domaining is all about of course, but it's a lot safer than registering rubbish names, which is a complete waste of your money - and that, believe it or not, is what at least 95% of new (and some seasoned) domainers are doing.

At least 95% of people who read this post will never take action and will never put into place the ONLY 100% guaranteed way to make money either - simply because they are focused on the short term and quick fix.

Nothing on earth beats compound interest for making money.

Start today. If you're young and do this, you will be financially secure in no time. If you're older, tell your kids!

Domainers Choice Awards

How lovely it was to find a nomination for me in the new "Domainers Choice Awards" web site. Especially since the nominations to appear at all came from domainers.

That's really humbling, as it means that the people I look to for inspiration and guidance seem to think that I offer something too, which is always nice.

Thanks to those who nominated me, you poor, misguided souls!

If you're a domainer, pop along and take a look. I'm not canvassing for votes though, honest.

Focus

Apart from losing my login to my Blog account, I've been trying very hard to remain focused on the important thing just recently, so please excuse the lack of posts here.

That means trying to manage my house reconstruction - the Christmas completion date won't be met sadly and that's a pity, because I would have liked to have moved in by now.

The plans have changed many times over the past few months and that caused many delays. Nearly there though. At least we have a roof now. Almost.

The other thing I've been doing is getting a new site built. It's an advertising site with a difference. A specialist home improvement niche is about to get a new service that will hopefully knock the socks off the very little competition it has at the moment.

I'll show you very soon - I'm still testing it and though I've concentrated on keeping it VERY simple (the key to all good sites), I know that this is one that I will have to keep on top of and keep developing for some time to come.

Stay tuned. It uses one of my very favourite domains too, which is nice!

Snake Oil Salesmen Up The Ante

I received an email this evening.

It was from a a couple of "gurus" who claim to be the top dogs in the search engine market.

Despite owning a private members site that is supposed to provide "all the answers" to everyting relating to search engines, they promote (outside their massively expensive club) another so-called, self-proclaimed expert's product.

I wonder why they are promoting a $5000 product...

Could it be the 50-100% commission they will receive?

The ante has been raised.

Just a couple of years ago, most of the Internet Marketers on the seminar circuit charged around $97 for their products and it seemed expensive then.

To get $97, the sales page had to be convincing.

These days, the same people are looking to grab thousands of dollars in one easy hit - and no doubt they will ask for more later, in back-end sales promotions.

I have been online for years now and can get number one spots in Google EASILY.

I don't consult. I don't sell a product. I am not a guru.

Instead, I just use my knowledge to make money for myself and for the people I work with.

I am deeply sceptical about $5-10,000 guru courses and site memberships with expensive on-going subscriptions.

You should be too.

My guess (educated of course) is that if you subscribe to any SEO or Internet Marketing newsletters, that every single one of them will soon be promoting yet another "must have" guru course or membership that you absolutely must join at the special discounted rate of $5000.

Watch your emails during the next few days as the race begins to catch the dollars from YOUR bank account.

Don't believe the hype folks.

You're about to be ripped off big time.

The stakes have been raised, but the information is as lame as ever.

You've been warned.

Lessons From The Past - For Your Future

"All the good domain names are gone".

"There are no new opportunities online".

"The goldrush is over".

"It's ok for you, because you got in early"

I hear all of the above comments just about every day when I'm discussing domains, Internet ideas, marketing and the other boring stuff that I'm into.

The fact is that there is opportunity all around for anyone who is prepared to open their eyes a bit.

My Internet career to date has taken me down the development path. This means that I buy domain names and try to develop them into mini-businesses, either for myself, or in partnership with someone else who needs some marketing help.

There are easier ways.

I don't often quote other people's blogs, but Rick Schwartz this week posted an interesting article from his personal board archives. I am privileged to be a member of Rick's board and had I read this in 2000, when he first wrote it, I might have taken a different path.

I still might.

Read this and a world of opportunity could well open up in front of you.

http://www.ricksblog.com/my_weblog/2007/11/time-capsule-se.html