How I Turned $9 Into $900 Without Lifting a Finger (Seriously)
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It really did feel like magic.
Iāve been blogging and building blogs and websites since 2003, and Iām a card-carrying domain-a-holic. Which means that I own about 50 to 75 domains. I also own about 7 or 8 blogs and ecommerce websites.
It wasnāt until I bought one particular domain that it all hit me.
I had purchased this domain (whose name I shall not mention to protect the identity of the buyer), and was planning on starting a marketing company for one specific type of business.
I started building the site, but put it on hold temporarily. So I put up an āUnder Constructionā page until I was ready to finish it.
One morning I got an email from someone wanting to know if I would be interested in selling that domain.
It kind of caught me off guard, because I was still thinking about using it for a new business. But deeper thinking brought me to the conclusion that it would be a business that had more āmaintenanceā than I wanted to deal with.
So I thought about the offer for a couple of days, then sent my reply.
After negotiating for a day or two, we agreed that the buyer would purchase my domain for $900 US, and he would pay the Escrow fees (a service that you should absolutely use with every transaction of this nature).
And thatās how I turned $9 into $900 without lifting a finger.
Simply put, I bought a domain name for $9, and sold it for $900. I made 100x my money in about 6 months.
Iāve since sold 2 blogs and an e-commerce store, fueled by the sale of that first domain.
In my opinion, digital real estate is the future of real estate. Because regardless of what kind of business youāre running, youāre going to need a website and/or a blog. And online shopping is the future of retail, which meansā¦you guessed it, digital real estate.
And where else can you make 100x your money ANYWHERE?