Lesson 7: You Have to Take Risks

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 »

Lesson 6: You Have to Work for It

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 »

Lesson 3: Some Elements Will Always Be out of Your Control

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 »