I started blogging in Late October of 2007. I look back and wish i started sooner. I actually wish that i got into domaining in 2007. I probably would have tens of thousands of dollars worth of domains if i researched it back then. Anyway, the moral of this story is this. You can always say, “shouda, coulda, woulda.” The internet gives birth to new millionaires every day. More and more people all across the globe are using the internet. More and more businesses are setting up an online presence. Iphones and Blackberries are making it easier to access the web wherever you are. This is all great news for webmasters. If you don’t already have a website, you better set one up. The time is now to make money online. You don’t want to miss out on the next gold rush. 3 years down the line, you don’t want to say, i “shoulda, coulda, woulda.”
I work as a real estate developer. I actually have my own LLC. I find investors for small and medium residential projects. Mostly condos. Real estate is always a solid investment, when you look at the long term. Right now, prices are shitty. Remember a few years ago when everybody wanted to buy a property? So many magazine articles and features about it back then. Now, you only read about how bad things are. Like most markets, it swings. Even in tough times, if you have a long term strategy, you will make money. Only problem with real estate is that the mortgage can get pretty expensive. You need to have a lot of cash in the bank or a cash cow of a business to keep it running smoothly. But 7 years down the line, people who didn’t buy real estate will be saying “shouda, coulda, woulda.”
Do you realize what prices were in Los Angeles 7 years ago? New York? Tokyo? Seoul? It only goes up! Websites are virtual real estate properties. If you own a nice domain with a nice website on it, that piece of virtual real estate will only go up. The good side is that unlike real estate, websites are cheap to maintain. The bad side is that this market changes really fast. A hot technology or property now, can be a dud 6 months from now.
I’m a businessman. I tried working the 9-5 right out of college and realized that it wasn’t for me. I have a lot of friends who are salary men and they don’t understand me. Business is not for everyone, but web business is a bit different. It doesn’t require you to bet it all. You don’t need a lot of capital to start up a website. Less risk makes it possible to try it on the side, instead of betting it all fulltime.
I think the biggest hurdle for people is that they don’t know how to start. I have a few friends who are always talking about their business ideas. A few of them even write up business plans, but they don’t know how to start it. Maybe i am stupid, but i think that the best way to start is by jumping in. Even if you don’t know all the facts, just do it. With businesses that require a lot of capital, this could become like gambling. But with a website, it’s perfect. You try it and if it was a stupid idea, you don’t lose much. But you gain a lot of experience and you probably learned something new by trying to execute your stupid idea. The more you wait on your idea, the most likely that someone else will do something similar. Even if there are sites similar to your idea, do it anyway. The time is now to make money online. You don’t want to be that guy who keeps bitching about how he “shouda, coulda, woulda.”