Making money is the most important driver in a domain investment business. It is, after all, a business for most people. When I accomplish something special – like closing a big deal – I like to celebrate it. Making money is the goal, but doing something small to reward myself for an achievement is important.

No matter how great the achievement, I usually do something relatively small as a way of celebrating. I might open a nice bottle of wine with my wife or go out to a special dinner. When I achieve a more notable accomplishment, I might buy something to mark the occasion. I am not really a flashy person, so it might be a purchase I’ve put off for a while.

Domain investing is a capital intensive business. No matter how much money you have or have access to, you can spend it all acquiring your portfolio of domain names. This fact can make it challenging to grow your personal wealth while building your domain name portfolio.

In a traditional salaried or commission-based job, a person pockets their salary minus their taxes. There may be some business costs not covered by the salary, but a person takes home nearly everything they earn in salary.

I rarely do domain name consulting. When a friend or friend of friend needs some domain registration or acquisition advice, I am happy to chat with them if I am able to offer advice or insight. Beyond that, I am a hard no when people ask about domain consulting.

In the past, I would chat or exchange emails with these acquaintances a few times, and maybe I would follow up down the road if I recalled our discussion to see if they were able to get their coveted domain name. Since I did not have any sort of vested interest in their acquisition, their needs would generally fall off my radar shortly after chatting.