Nic.at published a look at domain name trading and referenced some words of wisdom from Rick Schwartz and contrasted them with a new trader starting out, Niels Buntrock.
From the article:
Several hours a week dedicated to domain trading
Schwartz has to be something of an outlier in this industry, though. In an interview with domain.com he shares a number of his hottest tips for people looking to get started: “You should start out slow and don’t quit your job quite yet” he says. “Domain trading can be the most rewarding hobby and a fantastic business, if you understand it.”
Trading domains as a hobby? This is where Niels Buntrock comes into the picture. A dedicated family man, he actually has a full-time job as a software developer. But the domain business has a hold over him. “I got interested in it early. I watch the market and keep on going back to buy domains,” Buntrock explains. He devotes several hours a week to his hobby at his home near Hamburg, sometimes more. “But that’s not all down to trading, there’s also admin and preparing for projects.”
Full article here
Tip of the cap to Lox
