Things have been really crazy lately. I’ve been working really long hours and the most satisfying about it is that everything is going almost unbelievably well. This will sound really boastful (our friends at DNForum will probably vomitt) but pretty much everything I have touched in the last 2.5 years has turned into gold. I’m almost afraid that a collosal fuckup lies somewhere ahead and everything is going to collapse
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It’s fun to look back at the beginnings. I started flirting around with business when I was 14-15. For the next 7 years or so everything I would touch would just screw up. I did have some minor successes that kept me going though. And then suddenly one day everything turned to the positive.
So if you’re still in the phase of taking shit, there is light at the end of the tunnel. I’ve come to appreciate one quote from the movie Layer Cake, it goes something like this:
You’re born, you take shit. You get out in the world, you take more shit. You climb a little higher, you take less shit. Till one day you’re up in the rarefied atmosphere and you’ve forgotten what shit even looks like. Welcome to the layer cake son.
So, anyway, what’s going on…
My various domain holdings are still growing every day. I’m zooming very close to the $20k revenue/day level from parking and expect to hit that level in about two months. With a little luck I think I can hit $30k/day by the end of the year. It’s all about being aggressive with acquisitions, creative with financing etc. It will be a stretch, but I think I can do it.
Few weeks back I was talking about our lead generation business in the Czech Rep with us going over $100k revenue/month next month (March). As things are looking now we are likely to hit $130k in March, which is absolutely great. Our lead gen team is doing a fantastic job. I’m revising estimates upwards again and the target for december 2010 is $300k in revenue.
We started intenstive sales in early February to advertisers with our zero-click platform called Elephant Traffic. At the end of this week advertiser’s were spending about $2k/day with us for domain traffic. We plan to continue scaling that up. There is still a lot of work to be done. The system isn’t great, there are inventory challenges and there are sales challenges. We are tweaking them and we should fly eventually. Again, our ET team has done great work on this. I expect ET to break-even in about two months. That looked virtually impossible even a month ago but a lot of things have changed to the positive.
Our car insurance broker, which I am a partner in, is running fantastic. We have now 40 people fulltime there, most of them brokers on the phone. We are doing about 4,000 closed contracts a month now, which brings in about $160,000 in commissions every month. The real beauty of this business comes with the long term though – if the car owner stays on the contract for another year, you get the commission from the contract again – virtually with no costs associated with it.
Then there is a big potential splash on the horizon. We are in the process of selling our search business that I cannot disclose as of now. The buyer is just in the process of doing due dilligence and if it goes through, this will be a multimillion dollar sale for us. I’m hoping that this deal will close in two months, then I will be able to disclose a little bit more.
Our facebook developer called Viral Maniacs is just days away from launching our first social game. We are going to launch in the Czech Rep first and go international in the next two weeks. What’s new about this game is that it is in 3D and deals with designing the interior of your own apartment, renting it out etc. I am really curious how successful the game will be.
My ultrasound liposuction clinic is off to a great start, beating the business plan. We are in the process of expanding to another ultrasound machine in the coming weeks. I am actually flirting with the idea of opening a proper liposuction clinic with surgery (I always liked the prospect of sucking out somebody’s fat and later selling it to him as soap), so I’m meeting with various plastic surgeons next week etc.
Even our mobile marketing company Crazy Tomato is getting some traction lately. I started this company during University and am not involved with day to day operations for quite some time. Looks like we have a big Czech media company interested in buying it, so we’ll see how that goes.
All looking almost too well… I’ve even started to re-think my idea for a helicopter charter service in the Czech Rep, which I had to postpone. It was always a hobby business that stemmed from my wanting of a helicopter anyway…
#1 by venca on March 13, 2010 - 18:20
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Congrats, it’s nice to read about success of someone quite young. What do you think were the key factors that made the difference in the last few years? Ideas? Contacts? Unique knowledge? Well-chosen scope? I guess it was a combination of those, but I’d love to hear your opinion.
Anyway, I’m knocking on wood for you, because when things had been going well for me last time (and I had been talking about it quite often), everything screwed up all of a sudden and changed my life down to the ground.
I wish you a good luck on the way up!
#2 by Sisyphus on March 13, 2010 - 20:17
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Thanks Venca, I don’t really feel taht successful yet, maybe in the CZ scope of things, but that’s not worth taking as a benchmark really. I think for me it was testing a lot of businesses and when something worked, scaling it to absurdum very rapidly…
#3 by Drewbert on March 13, 2010 - 21:56
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Blah blah blah.
Just tell us the important stuff – the party’s all on for October, right? :^)
#4 by Daniel Dryzek on March 14, 2010 - 01:52
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WOW, pretty impressive Jan
I started my first business when I was 18 and I thought it was early – I was wrong
I like your diversity in businesses you own or manage. It makes doing business more interesting / less boring
And gives higher security. Keep on the good work!
#5 by Shane on March 14, 2010 - 01:59
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I have to admit I’ve changed my opinion of you over the last few weeks. It is nice to read about someone who is successful to a point. I do think to keep it interesting you keep sharing HOW. What did you do that we can benefit from. Otherwise it just becomes look at me and that’s it. You are very successful and should be proud but you don’t need to waste your time blogging about it. You make plenty of money now give me a couple hints on what I can do to get better at this profession. I have the hard work down which 99% of the people are willing to put out
#6 by Sisyphus on March 14, 2010 - 10:40
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Shane, I want this blog to take a different perspective than other’s. “Tips & tricks” blogs just get too repetitive. I do touch some of the higher level stuff such as financing though…
#7 by sundance on March 14, 2010 - 11:34
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Sounds a lot like me
I fooled around with my first business around the of age 15.
2 years later, around 2000 I suddenly hit the jackpot by chance. Found a great untouched niche. From late 2000 to late 2001 i did 1 million in sales, on my own!
At that time the $ was worth 1.20 EUR!!. Cash was literaly falling from the sky.
Then came 9/11. The market went south, the dollar went south, my stocks went south. Add some bad business decisions to the mix, shake it and I was almost where I started.
Been tough ever since. Once you have tasted success and you failed afterwards, things are tough.
Not complaining though. I do it differently now. Taking it the the slow way.
Don’t try too much. Sometimes all you need is just a bit of luck to strike gold.
#8 by Sisyphus on March 14, 2010 - 11:52
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Yeah I am definitely afraid of something like that happening as well… that’s the collosal fuckup lieing ahead that I am talking about.
#9 by Bob on March 14, 2010 - 12:13
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F the fear! Just press on aggressively into the unknown, and put aside a little retirement CASH for whatever life tosses your way! Yeah, I know it’s hard to think about retirement at your age, but don’t forget that a properly set up retirement account is practically BULLETPROOF! Ask OJ about it sometime….
#10 by Sisyphus on March 14, 2010 - 12:25
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good point!
#11 by Logan on March 14, 2010 - 16:52
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Your colossal f-up will likely come from your use of debt to “leverage”. Again, why create financial liabilities for yourself when you are already successful without them? Machismo about ‘big balls’ is not a rational answer here, BTW.
Regarding retirement accounts, take a look at what happened in Argentina a few years ago (the government seized everyone’s retirement accounts to pay its bills and now everyone will receive smaller government pensions instead of their own private retirement income) and decide if you think your government would ever do such a thing in your home country. If you think your government could, you may wish to steer clear of government-structured retirement accounts and simply keep your retirement funds in regular brokerage accounts, onshore or offshore. It will be interesting to see if the governments of struggling European countries like Greece, Italy, Portugal, Spain, or Ireland try to emulate Argentina to pay their respective bills. Isn’t socialism great?
#12 by Mark on March 15, 2010 - 01:01
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I really enjoy reading your blog… you honesty is refreshing and motivates me to keep growing my keyword specific domain name website properties. I’ve went the route of development and building my own content one day at a time over 2 years ago within a niche in american football and haven’t looked back.
It’s a marathon.. not a sprint (from what I’ve learned anyway).
Cheers,
Mark
#13 by Drewbert on March 15, 2010 - 07:25
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>Isn’t socialism great?
It is if you’re an American “too big to fail” bank!
#14 by M on March 15, 2010 - 10:18
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WOW, that’s a great success. Really appriciate you could give us some hints.
M
#15 by Stefan on March 15, 2010 - 17:41
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Great success, congratulations.
btw how did you make starting capital for first domain purchases?
Best Regards.
#16 by Drewbert on March 15, 2010 - 21:40
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If you need hints – or worse, a complete roadmap – then maybe you’re not cut out for the entrepreneurial lifestyle?
#17 by SC on March 16, 2010 - 11:42
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Wow, look at all these “domainers” flocking to this blog with their hand outstretched.
Shane: “I’m not going to read your blog anymore, unless you tell me how you made all your money.” Boo hoo!
Seriously, if you’re rummaging around domainer blogs, looking for a way to make a million dollars, then here is my advice to you: get out of domaining, and get out of self-employment. Go get a 9 – 5 job, if you don’t have one already.
I like this blog Sisyphus. Brush off the clowns like Shane, trying to surf the coattails.
#18 by Adam on March 17, 2010 - 22:57
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I have touched in the last 2.5 years has turned into gold.”
Your new nickname is Gold Cock
#19 by Patrick on May 12, 2010 - 13:33
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A better name might be Domain Midas ….. LOL.