You Don’t Need Money to Make Money
I recently picked up my son from an after-school activity and told him about a couple successful flips of domain investor Christian Calvin. He had an $81 purchase turn into $12,500 sale, and a $99 purchase turn into $9,000 sale.
My son was amazed, and then declared that he wanted to be the youngest Sherpa on a DomainSherpa profitable flip episode.
So I stopped the car and turned around to face him. I told him that if he really wanted to do that, I’d help him do so — but he was going to have to do all the research, do all the work, hustle to send emails and follow-up, negotiate with the buyer, and sell the domain name. But if he did, I’d mentor him every step of the way. Because I know that if he does it all himself one time, he’ll likely be able to do it again next time by himself.
And in exchange for my tactics for finding a great domain name, funding the purchase, and risking my money to buy the domain name, we agree to split the profits. He agreed.
Can you imagine a 9 year old, buying a domain name for a few hundred dollars and selling it for a few thousand dollars? He’s so excited and already planning a party with his future profits for him and his friends at the local fro-yo shop.
Will we find a domain name, buy it low and sell it high? Time will tell.
But the point is that even if you have no money, you can STILL find a way to make money in domain name investing. My son did it because he has a sugar daddy with pockets deep enough to fund a single purchase; his first purchase.
Today’s successful investors don’t have time to buy a domain name and do outbound marketing to sell it. So that’s your opportunity.
Get educated, build your network, make connections and friendships, and then make a proposal to an investor you trust and who trusts you. They’ll likely give you coaching and feedback in the process.
Start slow and prove yourself with a single domain name. Make a profit for you and the investor. Then do it again. Then do it again. After a few times, you’ll have enough profit saved up to invest entirely by yourself. Then you’ll double your profits.
Show that you care about the investor, start slow, display your hustle and persistence. If you’re willing to trade your time for a share of the profits and maybe some mentoring, you’ll likely have a line of investors willing to partner with you.