I just learned that the domain Flowers.mobi was re-sold for $6,500 just the other day from it’s original owner… OUCH! It was purchased by Rick Schwartz for $200,000 just a few years ago when the .mobi extension was being hyped up as the next big thing because a “mobile” boom was coming… Some said it was a good investment, others right there and then said it was very stupid and to avoid.

I wasn’t a loudmouth back then… No blogging or too much public interaction as I went about my biz quietly. Mostly kept my investment strategies within the domain biz and other thoughts to myself, but my actions speak for themselves… I never ever believed the .mobi extension had or still has a chance to shine. That is why I never spent a dime on it. Portfolio is clear of this .mobi garbage. I wouldn’t even know what to do with .mobi domains if I was given the most premium ones for FREE… I’d say “THANKS BUT NO THANKS”

So anyways… In order to make it as an investor over the long run and be successful, not just as a domainer (domain investor type) but any type of buy-low-and-then-sell-high guy… You have to learn how to lose money first and do so really well. Doesn’t matter whether it’s few hundred bucks or hundreds of thousands… It’s the hands-on experience and lessons you take away from each and every deal.

Until you can learn how to accept the fact that you just blew all that money… You won’t have a breakthrough… Then another breakthrough… Then it becomes a pattern, thanks to the experience. Sure, there will get a hiccup here and there, everybody has bad days but gotta look at the bigger picture.

When you make speculative investments, everything is possible.  A million scenario’s… You can lose it all faster than the thought of making that deal occurred inside your heard. Now I still think flowers.mobi was absolutely a shit investment even at $6,500 but to each his own. The market has spoken. It was worth that much to somebody…. Only he and god knows the reasoning behind the purchase.

I’ve blown my fair share of money over the years on some very stupid stuff and who hasn’t?? Some on very expensive domains that never had the chance… Some on very expensive girls… But it’s all good. Live and learn