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How to Balance Domaining with Home Life
By Jim | January 31, 2008
Working at home has its own challenges that differ from working moms and dads who leave home each day and enter the business world separate from their residence. It doesnât matter if youâre a work-at-home parent or if you donât have kids, the challenge remains in the fact that you are solely responsible for the running of your domain name business, so it needs to be done efficiently.
Parents are often plagued by more work at home pitfalls than those without kids, just because kids bring a new element into the mix that stirs up more opportunity for interruptions and sometimes means less space is available for the work area.
The first thing you want to do when trying to balance your home life with your domaining business is carve out a space that is dedicated to your ânet marketing endeavors. It doesnât have to be a lot of space â as long as you have a corner spot to place your computer and other online accessories that you use.
Itâs best if you can have a space where you can go to work on your domain ventures without distractions, but this isnât always possible. Personally, I need a quiet space to concentrate, especially if I am in “shopping” mode searching for domains to resell. If the noise is too much, you might consider setting off-peak hours, such as working only when the rest of the household members are in bed and you can concentrate on what you need to do.
Many domainers love the flexibility they have in working from home and on the ânet. If the kids have a soccer game, youâre free to shut down the computer and take off on a whim. If your spouse wants to take off for a weekend, then being a domainer allows you to take your laptop with you and log on to check in from anywhere thereâs an Internet connection.
If youâre just now considering a domain name business, and want to find an option that will deliver the most balance to your home with the least amount of intrusions, then you might consider parking domains.
Parking is one domaining option that produces a nice passive income. If you choose the right generic domains and park them, it can turn out to be a decent income and return on investment (ROI) with minimal effort. For example, I have a domain name, www.CashLendingCenter.com that is earning me around $20 per month because of the high paying keywords.
Let’s do a little math. Just one of my parked domains earns me around $20 per month. There are 12 months in a year so that is $240 per year. Not a bad return on a $7.05 investment, wouldn’t you say? Take 10 domains earning an average of $20 per month and park them and no you have $2,400 per year for a $70.50 investment. Need I say more?
Working at home takes balance - balance will come about through time, so take all precautions to automate your systems and outsource certain tasks to others.
I’ll write more on parking on a later date, I didn’t want to get too off track with this post. I get a little carried away sometimes when I start talking about parking domains!
Topics: Tidbits |
