Investing Smart vs. Investing Blind #businessstrategy #investing

31 May 2024 · 1 min

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In this monologue, the speaker describes a side‑hustle centered on purchasing an aged domain for $9,500 and later reselling it for profit. Drawing on a marketing and business background, the speaker treats the domain as "digital property," emphasizing that its value stems from its age, strong backlink profile, and citations from high‑authority sites such as TechCrunch and Forbes. While acknowledging that many would consider a $9,500 price excessive compared to cheap registrar purchases, the speaker argues that the domain’s established credibility provides a solid foundation for building a business and for a flip strategy similar to traditional real‑estate investing. The overall message is that investing in high‑quality digital assets can be a lucrative alternative to physical property.

Chapters

So I've got a little side hustle which I'm running at the moment, and I've got no hesitation going out and buying a $9,500 domain. I did that at the start of the year. And most people go, well, you can go onto like Fasthosts or whatever, Mm-hmm. GoDaddy and buy a domain for 10 bucks, right? But this, because of my background in marketing and business, and I hate, I don't like property, but what I like is digital stuff. So I'll buy a digital property, which is a domain, right? It's an aged domain. It's been around for a while. I look at the profile of it. It's got some backlinks, some from tech, TechCrunch and some really big, like, online magazines and Forbes and stuff like that. So it's got really good credentials. That's a really solid base to build my business off. Most people would look at $9,500 for a domain as a bit of a dumb investment. My goal— A little like a scary— Yeah, my goal is, like, some people will spend lots of money on property and flip them and sell them for more money. My goal is I'll buy a domain, flip it, sell it for lots of money, because that's what I know best.