Don’t Give Up The Ship

Famous words,those, from Captain James Lawrence in 1813. (Many folks think this came from Oliver Hazard perry, but Captain Perry copied Lawrence’s saying for his famous battle flag in honor of his colleague’s heroism).

By far the number one reason people don’t make money on line is because they do not do anything.  reading, studying, pondering and wondering when to start.  Start now is my motto.

One of the next most common reasons for failure is people give up way too soon.  They make a move, profits don’t start flowing and right away, they give up.  Once you have made a move, especially buying a domain … you just do not want to give it up … there’s no future in giving up, you can always make something of it.  here’s some words from a guy I follow and think a lot of, Court Tuttle.  he’s been doing the make money thing for some time now, and this message is simple.  take it to heart.

… . I would never, ever, ever, ever, ever, ever, ever, ever, ever, ever, ever (do you get the idea?), ever ditch a site unless it was banned from Google…

Let me tell you about a couple of my ‘give ups’ and the reasons I think all of them were a mistake.

www.highmap.com  This was the very first URL I ever owned.  I had a good business idea for making display maps and selling them in paper format.  I still think it is a good idea, just recently I saw a company doing exactly this and apparently quite successfully … and their offerings did not compete in any way with the specialized maps I was thinking of.  Their prices, and what I can intelligently guess to be their profit margin was pretty astounding to me as well.  Why did I give up?  I held the domain for a whole year, renewal time came around and I still hadn’t done a darn thing so I quit instead of paying the renewal fee and getting off my ass.  The URL is now on an advertising parking site and like brings in a few dollars now and again … infinitely more than I ever made from it yet infinitely less than it could make.

www.fuelfill.com and www.gasfill.com These are two I bought with the idea of making an interactive business site that would help people find cheaper gas and help business sell more gas.  Gas was less than $2 a gallon then, how much more profit potential is there today?  One of these is another parking site and the other is a bonifide business helping people find CNG for their alternative fuel vehicles in the UK.  Again, I quit without starting, what a dumb thing to do.

www.zipfirst.com  here’s one i still own, have for several years now and which I am sitting on for absolutely no reason except I am too hesitant to make a move.  I have a business idea for this site that would make actual profit for virtually every ecommerce site on the Internet and the investment needed is probably a few hundred dollars for some relatively simple script work.  Whay6 am I waiting for?

I could go on, but I won’t.  As these examples all prove, sitting and doing nothing is dumb, and quitting in the middle may be even dumber.  You are thinking about making money on line? especially if you are a senior and/or retiree who wants to supplement their income … empower their retirement?  Then stop thinking and start doing there is no time like the present.

(by the way, Captain Lawrence did lose his ship, but we won the war resoundingly and Lawrence is rightly remembered as a true hero and not as a quitter.)

Comments

  1. I really don’t know what to do about my “never-were” sites, because they all bring in a few bucks here and there, seems a shame to kill them, but they kind of sit there, accusingly, embarassingly…

    I’m not sure about this. We all have only so much time. Probably we have far more brilliant internet money-making ideas than we have time to put them all into practice.

    So I am not sure what we do – do we act on every amazing idea we’ve had? I am sure the answer is no. I have so many great ideas that I have started up and just left and I just do NOT have time to invest in them all. I personally wish that I had rather sat and REALLY thought things through, arrived at one killer idea and then invested all my time in that. ONCE that is actually up and running and even earning, then perhaps I could think about the next idea.

    Rather than having a site sitting there, that hasn’t been updated in months, maybe sometimes euthanasia is the best option…

  2. I have 8 year old domains that still have nothing on them. With the low cost of renewals, it’s not a concern keeping hold of them. Right now my plans are to fix up, enhance, improve and also finish off existing sites one at a time, then I’ll move on to the empty domains. I think if a site pays its way, anything extra off it is profit. If it’s not enough profit or you want to reduce your portfolio, try selling it off. Plenty of people are prepared to pay out for a ready to go website with domain history, as they’re too lazy or unknowledgable to do the leg work.

  3. Hello and thanks for commenting. One thing I’d sggest for unused domains, and I am going to write more on the subject, is to park them with ads … not even a hosting accunt required for that, or to put up a minimalist keyword sniping site and let them bring in a few dollars now and again … it’s nothardto at last cover the costs for domain renewals, and someday … bigger and better.

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