The first lesson in business is really simple, revenue less expenses equals profit. In my experience, in their love for their domains an incredible number of domain investors forget this simple equation. They have a little story about how they acquired or registered each of their domains and like Gollum from “The Lord of The Rings” they constantly say, “my precious”.
Yes, your domains are precious but if you forget the fundamental business equation then you’re not running a business, you’re enjoying a hobby.
Here is some advice from Michael Gilmour on how to run your domains as a business
Yes, your domains are precious but if you forget the fundamental business equation then you’re not running a business, you’re enjoying a hobby.
Here is some advice from Michael Gilmour on how to run your domains as a business
