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 🙂