There was an article in Long Island Business News yesterday focusing primarily on Andrew Hazen, a Long Island Internet marketer and domain investor. The article discussed how Andrew got started with his domain investments and on how domain investors are finding success. Although the article requires a subscription, you can read a free version, here.
In addition to information about Andrew, the article also quoted Mike “Zappy” Zapolin about his company’s Beer.com purchase for $80,000 and subsequent sale for $7,000,000.
I was also quoted in the article:
“Elliot Silver, chief executive of Manhattan’s Top Notch Domains, is not as gung ho as Zapolin. “There’s no such thing as easy money in the domain investment industry, but if you know what you’re doing and take calculated risks, it can be lucrative,” Silver said.”
When the reporter reached out to me, it seemed that it was going to be an article about how lucrative the industry is. Based on first hand experience and observation, I know it’s not as simple as it seems to make money. I hate to be the “Debbie downer” but I don’t like to see people blindly enter our industry thinking they are easily going to get rich by buying and selling domain names. I’m no rocket scientist, but it did take a few years before I was able to do this full time.
One recommendation I have for anyone who is just getting involved in the industry or anyone who wants to grow their domain investment business, is to read advice from successful domain owners.