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Should I risk 5-10k to earn 100k?

Discussion in 'Making Money' started by Coding, Oct 16, 2015.

  1. Coding

    Coding BANNED BANNED

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    Guy is offering me a premium domain name, for cheap price, it's a good deal but since I've been in domaining in the past I know it doesn't go fast, it's a game of patience...

    I'm not sure should I take the risk since I need that money now, it's a good investment, but I might end up waiting more then a few years for the right customer to come...

    In 2012 I was holding this domain name for year and a half, got tired of it and sold it for $500, year later someone sold it for $13500...this happens in domaining a lot...

    I don't want that money to stuck, on the other hand I think if I get lucky I could turn it into 10x more...

    Share your experience...
     
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  2. Hotboi

    Hotboi Newbie

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    If you got the skills you can sureley do it. Else you need to outsource it and end up with more costs.
    Good luck
     
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  3. TayaX

    TayaX Jr. VIP Jr. VIP

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    If you need that money then the last thing to do is to invest in a risky strategy.
     
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  4. Ste Fishkin

    Ste Fishkin Jr. VIP Jr. VIP Premium Member

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    If you can afford to loose 10k do it, if you can't then don't.
     
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  5. ddh213

    ddh213 Registered Member

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    i would not do it if i was you.. too risky.
     
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  6. JustChillin

    JustChillin Jr. VIP Jr. VIP

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    Don't gamble with money you need and can't afford to lose.
     
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  7. Sythix

    Sythix Senior Member

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    No risk, no reward. It's up to you bud.
     
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  8. simplyjo

    simplyjo Power Member

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    High risk = High Returns

    If I were you, I would probably flip some other domains I am holding for cash to invest in this one (re-invest my profits) rather than use the money I really need. I will lose less sleep over it this way (But then you risk losing ROI on these other domains you may have).

    In the end, its totally your call.
     
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  9. InterZone

    InterZone BANNED BANNED

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    Yeah if u only have 10k dont do it it.
     
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  10. eXampL

    eXampL Power Member

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    Why wait so long when gambling? Bet them all right now on red and you'll either lose or win a lot faster. Of course if you really know what you're doing go for it! Good luck!
     
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  11. JasonGraham

    JasonGraham Regular Member

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    Invest your 10k in another project, too risky if you cant afford it
     
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  12. Blase94

    Blase94 Newbie

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    Shut up scammer!
     
  13. davids355

    davids355 Jr. VIP Jr. VIP

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    Offer the guy 5k and let him make the decision for you. You either save your much needed cash or you instantly half your risk/exposure.
     
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  14. I wear slippers

    I wear slippers Junior Member

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    Got a call from a nigerian embassy official?
     
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  15. JurgenKlauss

    JurgenKlauss Newbie

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    I guess you should use your 10k into something more safe, which will atleast get you another 10k.
     
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  16. Coding

    Coding BANNED BANNED

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    High risk = High Returns - You read my mind buddy :)))

    I mean what is 10k, 100k really makes a difference... + it's not gambling, domain business is not gambling at all, I will at least pull out 7k at any time, and it's really nice domain name...

    I think I'll go for it, I will decide in the next few days and let you guys know :)

    Thanks everyone, you helped me see what I wanted from the first moment :)
     
  17. DarkWolF15

    DarkWolF15 Registered Member

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    If i were you i wouldn't go :)

    Reason : Too risky
     
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  18. JamesConway

    JamesConway Jr. VIP Jr. VIP

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    I would buy it in a second.. This depends on many factors though.

    For example, i am young and can afford to take some bigger risks right now, than people that may be 10-15 years older than me.

    Also, i have the capital necessary to wait it out the year or so to find that customer who's willing to pay the 6 figure price tag.

    Just depends on how big your balls are i guess.
     
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  19. Coding

    Coding BANNED BANNED

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    S**t I was hoping to hear 20 people saying go for it, now I have even less balls, still haven't done it, I'm not sure anymore, I gave myself 5 more days...

    Thanks for helping boys!
     
  20. rob1977

    rob1977 Power Member

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    I'll be honest I'm not sure whether your talking about a buy and hold speculation, or a buy add value and flip it on.

    If it's the first then it does seem like a bit of a punt that it will be worth 100k just by process of demand.

    If it's the latter, which I think is the more secure way, and you know how to do it. It's not a gamble at all its business.
     
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