Set Achievable Goals for Yourself
If you are a part-time domain investor, earning $50,000 a year from domain names may seem like a very lofty goal. $50,000 is a lot of money, and it can help with many expenses. $50,000 is a brand new car. $50,000 is a downpayment on a home in many places. $50,000 is a year at a private college. You get the point.
In my opinion, if you want to earn a significant amount of money from domain names in a year, you should set smaller landmark goals along the way to help you stay on track with your primary goal.
I’m not sure if this is a Rick Schwartz paraphrased quote or if he borrowed it from elsewhere, but I am going to use it here. You shouldn’t worry about making $1,000,000. You should focus on making $1.00 a million times.
$50,000 may seem like a lot of money to earn in a year, but when you break it down, that’s about $1,000 a week. If you work 5 days a week, that’s about $200 a day. This $200 a day in profitable revenue is still a big number for many, but it’s much more manageable to look at it that way. IMO, there are tens of thousands of unregistered domain names that can be purchased and flipped for well over $250/each.
If you set achievable landmark goals along the way, you can earn a considerable amount of money a year from your domain investments, even if you do it part-time.