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Working Hard – or Hardly Working

There is a stereotype about domain investors that they don’t work hard, but they do party hard while hardly working. This might be true for a lucky few, but this is false for most.

These days, I spend most of my time developing my websites, making phone calls with local organizations and businesses, writing on my blog, domain consulting, and sending emails to acquire domain names. I am probably working more hours now than I was while I was working at AIG and moonlighting for myself! The purpose of this (of course) is that I want to keep my overhead low. It’s the same reason why I work from home instead of renting (or buying) an office.

The best things about it are that I love what I do, I can work from wherever I want, and I can make my own hours.

The worst thing about it are that I always am driven to work more and to get more done, although that is something on which I am working – as my wife told me when we were out for dinner with friends last night, my work life balance is improving (certainly good news that she notices!).

For anyone with the desire to get involved in this industry on a full time basis, you should know that just about everyone I know is working long hours again. Many had stopped after they had acquired great names in the late 90s and early to mid 00s. Long hours are back once again, but we are building stronger businesses. For some of my friends, long hours means 4 hours a day, but that’s longer than 30 seconds a day 🙂

Great New Template from My Designer

My primary web designer, Mike McAlister of Six One Five Design, has released a new website template that would be perfect for personal or business use. Mike didn’t ask me to post this – and I am not getting compensated in any way for posting this, but I found the link and thought the design looked pretty sleek.

Two weeks ago in my newsletter, I recommended a source for free web templates – FreeCSSTemplates.org. I subscribed to the theory that when building a mini site, keyword driven content is king so don’t sweat the layout – and don’t pay more for something that doesn’t matter much? I am changing my mind on this thought process because Mike’s template (and others featured on the site) look nicer than the freebie I chose, and perhaps a more professional looking site will yield more authority and click throughs.

IMO, you can’t really go wrong by paying $15 for a great looking template template, and Mike’s is now featured on ThemeForest.net. Others seem to like the template as well, with it receiving 54 ratings, averaging 5 stars (of 5). As of this morning, it’s been purchased just 222 times – which is a great number, but I am sure is much less than the freebies.

I’ll Take the Bait

I’ve been in firefighter mode the past few days, especially today with Newburyport.com, so I haven’t had a chance to post anything substantial. I’ve been busting my hump for the past several weeks meeting with people for advertising on Lowell.com & Burbank.com, which has been difficult.   Ironically enough, after launching a foundation of a site on Newburyport.com just over a week ago, I already have an advertiser lined up for when I fully launch.   Needless to say, I am working overtime to get the site launched and generating revenue…

Anyhow, I just saw a post from Mike Cohen, and I will take the bait on it. I know Mike can have an abrasive personality when he posts on blogs and forums, but he has privately given me some good advice over the past couple of months related to my developed websites. Granted some of the advice hasn’t been adopted by me yet due to time constraints, it has been helpful to me and has generated new ideas. Mike says that he is going to share something that will help you, and I am going to take him at his word.

Sure Mike is also an advertiser, but I am not being paid to write this or post a link.   I am very interested in learning what he has to say about development – and am interested in seeing what he has to share with others.

Another Mini Site Developed & Launched

For a couple of hours this morning and a couple hours this afternoon, I built a mini site on my own: BullRidingHelmet.com. Knowing some html and having a VPS hosting package made it much easier for me to do this, but I think it’s something that most people with a few hours of time to spare can do on their own.

Mini site companies are great resources for people without the time or html knowledge, but for those who have the time and html coding knowledge, building a mini site isn’t too difficult. For those who have the time but not the html knowledge, it could be worth it to buy a book or read about html online. I am no genius when it comes to coding, so if I can do it, you can, too.

In my weekly newsletter which will be mailed late tonight, I outlined the steps I took to create my website. Hopefully this will be helpful to those who are interested.

Twit & Run

This is cross between a Twitter update and a blog post. A little bit longer than 140 characters, and a little bit shorter than a typical blog post.

Today I am working on building Newburyport.com from the ground up using the same platform my developer built for Lowell.com and Burbank.com. Launch is imminent – hopefully by the end of the weekend.

To me, there is nothing better than learning all about a city and building a website that will represent it to thousands of people a month. It’s exciting!

I will post an update when I turn over the DNS, although the site may be incomplete.

Gloves Off (for a minute)

I happened to check out NameBee this morning in between projects. As mentioned in the past, I get my domain news from select trusted feeds on Domaining.com and check out NameBee for all the rest.

While browsing NameBee. I happened to click on a blog I don’t read very often. It was a long post about dot tel that I was skimming. until I got to the juicy part.

“If you are domainer who can’t see beyond domain parking, then you will not get .Tel. I saw this same sort of ignorance with domain development, especially with minisites. One person in preaching the gospel of minisites went as far as to build a web page (or sort of) about a non-existent type of fish, just to “prove” that their “expert” opinion on minisite development was right. Later I heard him on web radio admitting, “development is hardwork”. Perhaps I heard a janitor speaking. Never mind.”

I assume this blogger is talking about me since I’ve been on the radio a few times, tested mini sites, talk about mini sites and development on my blog, and I spent a day building a site about a type of shark (not fish). I started writing the info below in the comment section on his blog, but I didn’t want to spend a lot of time on a comment post that wouldn’t be read by many people. It also seems like a good time to provide an update on my experiment:

1) ChainCatshark.com is the mini site I spent a day developing.
2) The domain was newly registered when I created a small site on it from scratch in November of 2008
3) Since launch (not including the three days during or after the time I posted), here are the statistics:

  • 550 unique visitors
  • 1,600 pageviews
  • 2:33 time on site (average per visit)
  • 75% of traffic from search engines (129 keyword phrases in Google alone)
  • Earned much more than the cost of the domain + my time

In response to the blogger, I do think mini-site development is easy and it’s even easier when you contract with a mini site development service. It took me a few hours to build ChainCatshark.com, and I will never ever even have to look at the site again. It will continue to make a little bit of money and grow (as it has for the last 4 months). If it shut down today, I will have made my money back and a profit. I’ve also sold two mini sites, which became profitable due to the revenue and traffic from the mini site.

The downsides are that it took time to do the research on a topic in which I have no interest, I don’t really enjoy the actual technical part of development and coding, and I can still make more money today on other domain related projects (ie buying and selling great domain names as I’ve been doing for 5 years) than developing a series of mini sites on domain names that aren’t worth much as standalone domain names. It makes much more sense to build revenue generating websites on valuable domain names than on average or crappy domain names (unless the crappy domain name happens to be VC backed or have a unique concept/idea not found elsewhere).

I started off as a domain investor owning and selling top premium domain names, but a year and a half ago, I decided to start developing for the day that domain sales decreased and I’d need another revenue stream. Looking back on things, that is probably the most important decision, as I now own revenue generating businesses in addition to having strong domain assets.

Actual development projects are more difficult than mini sites that are fairly mundane but time consuming. I am talking about developing Burbank.com and Lowell.com. These two sites get decent traffic now (each at hundreds of visitors per day) but they do take a lot of work researching various topics and building all of the pages by hand – without a content management system. I maintain them on my own. I do the marketing on my own. I do the news writing. I do everything – and yes it’s hard to do it all.

In addition to development, I still manage my domain business (sales and acquisitions like Torah.com and Newburyport.com), I write this blog every day, and I quietly do corporate domain consulting gigs as well. My points about development and mini site development are above, throughout my blog, and archived in blog interviews and radio interviews. For now, it’s time to get back to work.