Apply this to domains and be successful (1.Viewing)

@GeorgeK made an interesting tweet


You can apply this 100% to domains.

Someone will say you paid too much for a prime spot (premium domain) and laugh when they hear what you paid.

Then a few years later a developer comes along and the sky is the limit.


Domains are virtual real estate, hold on to your premium domains and use them to generate leads but the big money will come when the surrounding real estate builds up. In other words when premium one word domains are almost all in use and you're one of the few available. Kind of like this little gas station

I have a friend who's owned a Auto Repair Shop for decades on some pretty now-prime (and large) real estate and he's always getting offers to buy, and like the "poor student" routine we're familiar with, it's the old "I've always wanted to run a garage of my own", etc. which he knows is BS and he's also had many $$$ developer offers so far.

He told me "We have so many people pouring into Canada that I'm just gonna wait for the right offer to come across my desk."

DomainRecap said:

I have a friend who's owned a Auto Repair Shop for decades on some pretty now-prime (and large) real estate and he's always getting offers to buy, and like the "poor student" routine we're familiar with, it's the old "I've always wanted to run a garage of my own", etc. which he knows is BS and he's also had many $$$ developer offers so far.

He told me "We have so many people pouring into Canada that I'm just gonna wait for the right offer to come across my desk."

Click to expand...

Its all just a matter of time - and planning your exit strategy... When do you want to retire? Is it worth waiting until you're nearly dead to cash out? He should just consider listing it for sale as a development property, not as a business for sale. That kind of property could bring in enough to retire now rather than later.