Achieving success often involves taking risks. Frank certainly understood that:
When he started his funding was limited to his relatively modest life savings and a string of credit cards that he quickly maxed out. Schilling literally bet the farm on his dream.
He and Michele sold their house and the remaining homes Frank had built and emptied their retirement accounts to build a $200,000 war chest. They also decided to move to Grand Cayman Island where they felt the absence of ... Keep reading »
I've thought lots of times, as many of you have, "Man, I wish I had what Frank has." "Schilling built his phenomenal domain empire from scratch despite taking the field just five years ago, when almost everyone else thought the game was already over." Phenomenal. Why can't that be me (or you)?
I think the biggest thing we lack is the desire to put in the work that Frank did, and Ron Jackson points that out early on ... Keep reading »
Some people will tell you it's a dog-eat-dog world. One thing you hear over and over about Frank, though, is how nice a guy he is -- including in Ron's article.
Ron mentions in the very first paragraph that Frank "is universally regarded as one of the nicest people in this (or any other) business," and he mentions later how Frank called him out of the blue "just to introduce himself and let me know he liked the publication." ... Keep reading »
A corollary to yesterday's lesson about some elements always being out of your control is that not every disaster is a disaster -- as we learn from Frank:
In September 2004 category 4 Hurricane Ivan slammed into the Cayman Islands. Schilling had gotten his family on the last evacuation flight off Grand Cayman before the storm hit. Though they were safe their home was destroyed along with everything in it. Their cars were also wrecked but the biggest loss was ... Keep reading »
Another thing that really stood out for me in the article was this:
His timing couldn't have been better. The .com bubble had burst in 2000 and prices for good domains had become affordable again. Disillusioned owners were even letting high quality domains drop rather than pay renewal fees.
Timing played a huge part in Frank's success, and there will probably be factors in your success, too, that are out of your control. So don't sweat those. Manage what you ... Keep reading »
In my life, opportunity has very rarely found me. Instead, I have had much better success when I'm actively seeking it out. I was reminded of that when I read Frank's quote about one of the turning points in his life:
In 2000 Schilling happened to read an article in a small town newspaper that would end up changing his life dramatically. "I was visiting my parents who had moved several hundred miles away and read in the local ... Keep reading »
I've never read about or met anyone successful who didn't receive significant help from other people along the way. I know I wouldn't be where I am right now without the people I've met and worked with over the years, and Frank's life is full of similar stories: his family, Vern Jurovich, Rick Schwartz, Russ Horowitz...the list goes on and on. Two relationships in particular stood out in the Domain Name Journal article for me, though.
The first ... Keep reading »
Many of you already know Frank Schilling -- the owner of one of the largest domain portfolios in the world. The portfolio is worth well into the nine figures, and annual revenue estimates have him generating around $20 million dollars every year. That's $1.7M every month.
What most people didn't know until now, though, was that Frank didn't start in this business until 2002 -- long after many people felt like ... Keep reading »
Last month I wrote about how important it is to learn from others who are already successful. Well, this month I decided to make that a little easier for you to do. Here is a roundup of all the posts I've found so far where bloggers listed their earnings for October. Click the dollar figure to see their details.
Shoemoney (~$30,000)
Direct Ad Sales: 50%
Affiliate: 30%
Other: 20%
John Chow ($23,448.59)
Direct Ad Sales: ... Keep reading »
Many women regularly go out dressed scantily and then wonder why they don't get the respect they deserve. Dave Chappelle answers that question with another: "If you're not a whore, why are you wearing a whore's uniform?"
I can't tell you how many sites I see wearing a whore's uniform -- selling themselves out for a quick AdSense click, not realizing that they're sacrificing greater long-term benefit.
Take a good, honest look at your site ... Keep reading »
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