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What Would You Do If You Had a Website Passively Earning $1 Million a Year?

Let’s say that you built a great money printing website that’s earning $1,000,000 per year, and the site requires very little  maintenance  or attention. The earnings are steady, and the costs associated with running the website are just a few thousand dollars for hosting and security.

If you were in this situation, what would you do? Would you continue to build out your website in the hopes of making it a $10,000,000 website? Would you try to acquire similar domain names in an effort to replicate your success on another website? Would you retire and spend your time enjoying life?

Of course all of this is contingent upon whether you could live comfortable off of $1,000,000 for the rest of your life and whether this website will continue to be a producer for all time.

Let’s just say things are exactly like they are for you right now and the website shows no signs of slowing down. What would you do?

Korea News Service Uses Japan ccTLD

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I noticed something interesting this afternoon while reading some world news. The North Korean government oversees the Korea News Service, which is operated by the Korean Central News Agency of DPRK (North Korea). This organization is responsible for the news in that country.

This organization posts its news on the KCNA.co.jp website, where .CO.JP is the Japanese ccTLD. It’s interesting to me that they are operating the state news website on the Japanese ccTLD.

KCNA.co.kr is owned by the KC&A Corporation, and KCNA.com is owned by what appears to be a private individual. It would be interesting to find out why they use the .CO.JP domain name, but I doubt they would give an interview on domain selection.

Reminder: American Express Small Business Saturday

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In case you haven’t heard, American Express is having its first Small Business Saturday on November 27, 2010 (tomorrow). If you shop in-store at any small business in the US and spend at least $25, AmEx will credit your account $25.

Before shopping, you will need to enroll your American Express card on the AmEx website. This can be done up until tomorrow, but you should probably do it ASAP so you don’t forget, and because American Express warns that enrollment is limited.

It doesn’t look like American Express has imposed a lot of rules or fine print on this offer:

Eligible merchants include any independently owned small businesses that accept the American Express Card.   Purchases made online, at large, national chains, at franchised business locations and at government agencies are not eligible.   Prepaid, corporate cards and ExpressPay transactions are not eligible.

It’s too bad you can’t shop online for this special promotion, but there are plenty of small stores in my neighborhood where I shop, and you can be sure that I will be supporting one of them tomorrow as a result of Small Business Saturday.

Thanksgiving Thankfulness

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It’s the time of the year to give thanks, and I have a lot of things for which I am thankful.

I appreciate all of you who visit my blog, and especially those who contribute in the comment section. I appreciate your taking the time to visit when you do, and I am thankful for all of your feedback, advice, and even the criticism.

I am very appreciative of the companies who advertise on my blog. Domain investors spend a lot of money and generate a lot of money for a number of companies, and it’s nice that many support domain-related websites like mine. Without them, I don’t think I would be able to dedicate as much time to the blog as I do.

I am fortunate to be supported by a great family who trekked down to New York for Thanksgiving. If you are in the US, I hope you have a great day today and are surrounded by good family, happy friends, and great food.

My Biggest Fear as a Domain Investor

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I become a full time domain investor in November of 2007. At the time, I was advancing in my marketing career, but looking at my options since I needed a change. Just prior to resigning, I had worked out a couple of deals that were to be finalized in January of 2008, so I knew I was going to be in a good financial position for 2008.

My thought was that I would be a domain investor for at least a year and see where I net out after that first year. Worse came to worse, I would mess around for the year and begin to look for another marketing job in corporate America if things didn’t work out.

Well, now it’s been three years, and my business has grown. Although my income is not quite as high as it was in 2006/2007 (primarily because this wasn’t my main source of income), I am very fortunate to make a good living at what I do, and I won’t complain about the financial aspect of it for a second.

The issue is that this business is unpredictable. Every day is a risk, and nothing is guaranteed. I do have liquid assets that could be sold if necessary, but I don’t want to sell core assets unless I have a strategic purpose for doing so.

As the days go by, my friends continue to advance in their careers. They are getting promotions, pay raises, and taking on more challenges and responsibilities at their companies. They are positioning themselves for leadership positions in their companies or getting ready to start their own businesses with their deep experiences to support them.

Should my business begin to fail, I feel like I’ve put my career on pause. I have a lot to show for it, but I don’t think my “TRAFFIC Best Blog Award” will be impressive to a recruiter or HR department.  I think failure is my biggest fear, but the fear of failure is one of the biggest things that drives me.

Work With a Domain Broker

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Maybe it’s the economy or the holidays, but I have been receiving a lot of requests for domain brokerage services. I do not broker domain names. I would rather take on all of the risk if I think a name is well priced than use my connections to sell a name to possibly earn 10% of a sale. It’s too much of a pain in the you know what to negotiate a sale between buyer and seller when there isn’t enough commission to make it worth the effort.

I also have never wanted to create a domain sales newsletter, since many of those start out strong and seem to peter out after some amount of time due to poor names or high asking prices. Never the less, there are a number of people who do broker domain names and are very good at what they do. Of course, the domain names most accept depends entirely on the quality and the price.

If you are looking to sell a domain name, or if you want to buy a domain name with the services of a domain broker, you can have a look at this list of domain brokers. In addition, you can also read more about domain brokers and domain brokerage services in the the DomainInvesting.com domain broker guide. This guide was created to help you learn more about what a domain broker does and how a domain broker can help you.

Selling domain names can be difficult. Working with a domain broker can make the job of selling domain names more easy since a domain broker can find a buyer, negotiate with the buyer, and facilitate the deal on behalf of the domain owner.

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