Today, I’m gonna break down the pros and cons of domain investing. First, the good stuff:
Pros:
- Flexibility: Work from anywhere, anytime.
- Independence: Be your own boss.
- Remarkable ROI: Unmatched in most businesses.
- Low Entry Barrier: Start small.
- Affordable Renewals: Minimal upkeep.
- 24/7 Virtual Store: Your business never sleeps.
Cons:
- Illiquidity: Sales’ timing is uncertain.
- Valuation Challenges: No set formula.
- Growing Competition: It’s fierce.
- Quantity Matters: A few won’t cut it.
Remember, quality trumps quantity. Get ideas from everywhere, make lists, and invest wisely. Know your niches, trust your expertise, and keep your keyword list handy.
