Ready. Fire. Aim. Wait, what? Did I just do that in the wrong order?
To get the results you want, you need to get educated, make a plan and then execute.
This can be simply stated as “ready, aim and fire.”
But so many people are stuck in a trap and execute their domain name investing strategy using the “ready, fire, aim” game plan.
Why is that?
Unfortunately, domain name investing is a black box to those who are uneducated.
They visit DNJournal.com every week and see sales happening in the thousands of dollars to hundreds of thousands of dollars. They’d like to have the same result.
So that’s their desired outcome from their domain investing activities.
They also know that more than 100,000 domain names expire every day — some of which are highly valuable — and are available for hand registration or auction. That’s the input to the black box.
The problem happens when investors don’t know how they should be aiming, they don’t have a plan — what happens inside this black box — because they’re not educated. They think that selecting a valuable domain name is just gut instinct or luck.
Domain name investing is not luck.
Domain name investing is a skill that comes through education and practice.
You have to learn how to value domain names, both at wholesale level and retail level. You have to learn how to negotiate to buy domain names. You have to learn where to list domain names so they can be found by companies starting up or upgrading.
That’s exactly what I teach here at DNAcademy.com in an online accelerated learning system. But if you don’t have money, you can go watch hundreds of shows for free at DomainSherpa.com and learn it yourself.
The only point that I want to leave you with today is that if you think that domain name investing is a black box, you’re living your life through a “Ready. Fire. Aim.” mentality, whereas successful domain name investors have the knowledge, skills and practice to live their lives through “Ready. Aim. Fire.”