Frank Schilling posted this gem on Today: “Take risks, and don’t be afraid. You’ve got to speculate to accumulate”
Take risks, and don't be afraid. You've got to speculate to accumulate
— Frank Schilling (@Frank_Schilling) September 3, 2015
As a domain investor, I live by this quote. I am always taking risks on purchases with the hope that they pay off. With each acquisition and sale I make, I increase my knowledge to help guide me on future deals.
If you invest in domain names, you need to continue to buy domain names that you believe you can either monetize or sell for more than you paid. There is a lot of risk when it comes to buying domain names, especially when you are paying more than the annual registration fee. Being fearful is harmful to your business. Taking calculated risks is essential in making deals.
Every day, I am taking risks when I make offers, bid on auctions, and negotiate deals. You can’t be afraid to pull the trigger on a big deal, even if it is out of your comfort zone. This is great words of wisdom from someone whose big risks have been greatly rewarded.