Grasping Opportunities: Making Money out of Nothing

February 13, 2007 Posted by Tyler Cruz

“Opportunity is missed by most people because it is dressed in overalls and looks like work.” — Thomas A. Edison

I did it! It took me a while, but I did it.

The domain I was brokering has finally finished transacting through the lawyers, buyers, seller, and banks. Yesterday, the owner (well… I guess he’d be called the previous owner now, wouldn’t he?) dropped by my new place and presented me with a bank draft of my cut.

I was a bit tired from moving, unshaven, and sporting my very old Perl camel shirt, but here is a photo:

Thank God for camera timers, eh? And here is a close-up of the cheque:

That is the largest lump sum of payment I’ve received yet… I’m already hoping to break it one day. What I like about it is that I didn’t have to sell anything to receive it, just my brokerage services.

Now, I don’t want to downplay the amount of effort I put into finding a buyer for the domain, because I did put in a fair amount of time and effort doing so, but I’d like to talk about grasping opportunities.

I first learned about the existance of this domain (the actual domain won’t be disclosed as per an NDA signed with the buyer) a while ago when I heard that somebody in my city owned a nice domain and thought it was worth a lot of money. Extremely skeptical at first, I blew it off as just another poor soul who thought his “make-bigm0neyonline1234.info” domain was worth a million dollars. However, I was curious and found out that the domain he held was actually a true, premium domain. An extreme rarity.

So, I did the first thing you might expect; I threw out an immediate offer of $10,000. I didn’t think he would accept, but I had to give it a try (I’d have offered more if I had more money at the time…) – and rightly so he denied it. So, I decided to do the next best thing. I felt I had a lot of contacts online, and definitely the experience. I’m also not a “domainer” by trade, but I have definitely had my fair share of domain transactions; I had paid $10,000 for “DomainForums.com” as one example. Thus, I offered to broker the domain for him.

He agreed. We wrote up a contract, put in the details, and away I went. This is what I’m talking about when I say “grasping opportunities”. I could have simply sat passively and thought “Damn, I wish I had that domain” when I heard he owned it. Or, I could have simply said “Oh well” to myself when he turned down my $10,000 offer. But I decided to make another opporunity out of it by brokering it. What did I have to lose? It wouldn’t cost me any money (Although I did end up spending around $200~ in the end for marketing)… it basically just gave me a chance to try to sell it for a large return.

I now have this extra bit of money which essentially came out of thin air – sure, I had to work and network around to receive it, and while I feel confident that I did a decent job of trying to sell it, all in all I didn’t put many hours in if you add them all up. And I didn’t have to sell anything… all I had to do was put in a little bit of time, and of course… grasp the opportunity! I now have $23,000 to show for it.

What will I do with the money? While I’d love to use it to buy an existing site, the truth is that it’s going to all go into my tax account at my bank… I haven’t met with my accountant yet but I will be doing so soon, and we’ll see how much I’ll have to pay out in income tax this year… if I have a good chunk left over, then I probably will go ahead and buy a site, but really the money is going to go towards taxes, mortgage, etc. Sorry to disappoint… :P

As a result of my blogging about the pending sale of the domain in previous blog entires, I had somebody else with a premium domain ask me to broker it for them as well. I’ve had no time to really think about it due to moving out and everything, but shortly after receiving the offer, I found a potential buyer for 6-digits. If the sale goes through, that’ll be another 5-digits to moi! I don’t know the status of it yet though.

Also as a result, I’ve made a few great contacts in industry.. bigtime guys with deep pockets. That is invaluable in itself.

If anyone out there has a premium domain and are interested in having me broker it for you, you can e-mail me at tylercruz@gmail.com. I’m not a domain broker or anything special, but I do have the ability to find a buyer for you. Please only contact me if you’re selling a true premium domain… one that you think can fetch at least $50,000+

Update:  I am no longer providing any domain brokering services due to being far too busy. My best recommendation would be to list your domain(s) for sale at DNForum.com and NamePros.com and do any large transactions through Escrow.com. Good luck!

That’s all for now. Enough computer this for this morning.. it’s already 10a.m.. I need to get back to unpacking :(

Good luck and good earnings!

If you enjoyed this post, please consider leaving a comment below, subscribing to my RSS feed, or following me on Twitter.
Posted: February 13th, 2007 under Articles  

47 Responses to “Grasping Opportunities: Making Money out of Nothing”

  1. PigsnieLite says:

    Can you send me some Lindt choclit balls from your earnings? Pigsnie wont give me any. :(

  2. PigsnieLite says:

    PS. You really should buy a decent couch & coffee table wid that money. Do you want potential clients to sit on a dingy flowery (or hideous burnt orange) couch? Where did that guy put his chequebook since you dont have a coffee table? There is a Weason for my Decorating Suggestions, you know.

  3. tylercruz says:

    Damn.. I just posted this like 2 minutes before you replied! You must be checking this non-stop :P

    You should register on the blog so you don’t have to keep entering your name each time, and so that I know it’s really you and not somebody pretending to be you.

  4. tylercruz says:

    Ah, yeah.. I was surprised he wanted to do it on the couch.. I offered that we could do it in the livingroom by the table or something but he liked my orange couch…

    He was drawn to it.. like a moth! It’s so beautiful see?!?

  5. PigsnieLite says:

    How can anyone pretend to be me when my writing style is INCOMPARABLE? Hahaha!

    GAhhh, I hope you vacuumed that *beautiful* thing. You dont want your clients getting up wid cooties. And Pigsnie also says you really should buy a decent living room suite since your business is getting world-class!

  6. Joshimitsu says:

    Hey tyler,
    that guy you did the deal with looks simmilar to Richard Branson, why do all those rich guys look simmilar? Heh, you will probally look like him in the future :P jokes..

  7. Congratulations, Tyler! I own around 160 domains and I am looking to sell a few of the premium ones too. Good luck in your future enterprises!

  8. Idris says:

    Wasn’t the NDA so that you wouldn’t discuss the money involved (given that you made 23K and your cut was along the lines of 10% that means it sold for 230K?)?

    You’ve mentioned the domain before as well I think (if it’s that domain it now consists of what appear to be porn affiliate links).

  9. zigire says:

    Yes BM.com (real domain shortened) now contains porn links… nice

    I could think of at least 1 great web 2.0 project for the domain name…

  10. zigire says:

    I’m sorry Tyler, but your comment made me laugh #4:

    “Ah, yeah.. I was surprised he wanted to do it on the couch.. I offered that we could do it in the livingroom by the table or something but he liked my orange couch…”

  11. tylercruz says:

    LOL… what can I say?

  12. PigsnieLite says:

    To Almighty Vince, Netrepreneur Hater & Mortgage Expert who still lives in his Mummys Outdoor Privy at 24.

    Were your sides hurting when you deleted my post from your pathetic blog the other day, Oh Mighty Vince? Why don’t you open the smallest part of your skull for half a sec, so 2 brain cells can rush in & lay a halfway intelligent thought? You are the saddest loser I know and I weep for your parents, your toilet paper and your little dog. May God bless you & keep you & confine your Almighty DNA to a cold & distant crag in the Himalayas, watched over by a woolly sheep.

    Oh yeah, I realize that most of the people here have no idea whut I’m talking about, but Tyler knows, and I just wanted to record for posterity whut I think of this palsied excuse of a blithering imbecile.

    Archie

  13. ChrisM says:

    Congratulations!

    How about posting us some tips and tricks of brokering a domain name? I mean, obviously you need a decent name and all, but how would you go about making it desirable, large traffic?

    ~ http://www.imod.co.za ~

  14. Tyler says:

    Good Job Tyler!

    Wish I had some premium domains for sale, I could use that type of money.. hell I could us a 10th of that!

  15. Can I suggest… unless you need it immediately and urgently… put it in the bank. Save such large lumps of cash, and pay your regular bills from regular income. Such large lumps of cash aren’t easy or frequent enough to throw away.

    Just my 2c.

  16. […] Jane and I had an interesting discussion yesterday about finding opportunities and why some people have a nack for them and others don’t.  I think it comes down to thinking outside-the-box and persistence.  A great example of finding opportunities where none seem to exist can be found in a recent post by entrepreneur Tyler Cruz.  He is a web publisher in constant search of opportunities online.  […]

  17. […] And domain brokering is going well, as he posted a picture of a $22,984.99 check recently, and that was only his commission! […]

  18. […] Tyler Cruz is a self made man, because of his curiosity with web development early in his life, now he has a lot of sites that makes him probably more money than what I make right now,  anyway I am glad to see someone who is that young and has a nice income from the Internet, however he is not a huge money maker on the Internet I am sure someday he will come up with a huge idea that will make him a popular guy on the Internet.  In his blog he has a a few posts that will describe his up and downs of being a web entrepreneur, I like this one, its about a domain name he sold for pretty good money if you ask me,  He also has done a few contests to promote his website, someday I would like to find a business partner like him and come up with an idea that would change the world. If you want to know more about Tyler, I encourage you to visit the site and if you have time, who knows you might find some information that could be inspirational for you. […]

  19. […] help Tyler reach his goal of 40 hours of work in a week, maybe I should have him use his ability to broker domain sales to help me sell two domains that I registered but haven’t had time to do anything with yet. What […]

  20. […] just read an interesting article about over at Tyler Cruz’s blog about a domain sale he brokered. He made a pretty penny at it too. You could call it right place at the right time, but it was […]

  21. […] I immediately saw this as yet another opportunity, and a couple days later, his ads are now spread across 7 of my sites, including: Movie-Vault.com, […]

  22. […] His name is Tyler Cruz and he is a web publisher and internet entrepreneur. Check out his blog and follow him through his journey to wealth. Tyler has multiple sites contributing to his internet wealth. PokerForums.org, Movie-Vault.com, and PublisherSpot.com are a few. He makes his money through advertisements on his sites and and some from affiliate programs. He calculates that he averages about $256 dollars a day. This doesn’t include what he earns through domain buying and selling, brokering, and website flipping. Check out how much he made brokering someone else’s domain. […]

  23. […] reasonable, and I’d love to say how much I paid for the domains to again show you guys how to grasp opportunity, but I’m still keeping that a secret. I’m telling you guys, domain arbitrage is the […]

  24. […] and often share his views on certain related issues. One of the must read post in his blog is the Grasping Opportunities: Making Money out of Nothing, where he shares his experience on this particular domain brokerage service that brought him […]

  25. […] Grasping Opportunities: Making Money out of Nothing » TylerCruz.com: An Internet Entrepreneur’s J… TylerCruz.com: An Internet Entrepreneur’s Journey – The journal of a young web entrepreneur on his journey to wealth. (tags: business money entrepreneurs) […]

  26. […] I was hoping Tyler could be my broker in near future […]

  27. That’s really amazing. I may have a premium domain that I may wish to sell one day but I have to wait some time to decide what to do.

  28. Ty BRown says:

    That is the great thing about brokering things for sale. You aren’t paid for the hours you work but for your expertise and contacts.

  29. Hi Tyler,

    Well done. I know I saw your name somewhere recently, however I can’t remember where.

  30. Andrei Buiu says:

    Would like to read more about how you marketed the domain. Anyways, nice job.

  31. Tyler Cruz says:

    What I meant by that was that I had assumed that he only had a worthless ($10-$20) domain, and didn’t think that he actually owned a premium domain.

    I knew the second I heard what it was that it was worth a lot of money.

    Unfortunately, I do not believe the domain http://www.youbidyouwin.com to be worth much.. perhaps in the $15-$30 range…

  32. Jerry Ong says:

    What about http://www.ModelFreelancer.com ? consider premium? having more than 2,000 members now! Do contact me if any buyer :)

  33. aannd says:

    can you find one for my domain facehistory.com and realestatezoom.com :)

  34. RB! says:

    How does one determine a premium domain, how can you know if you have one

  35. Hi TylerCruz, I’m new to the blogging world. Wow, this brokering venture of yours really provides you a huge income!

  36. […] websites. He had successfully bought a condo when he received his largest lump sum payment of US$ 22,984 by brokering a domain for […]

  37. Garala says:

    Interesting read.

    Any rough estimate on what I can get for the following domains:

    StrikeProfit.com and BlackHatZone.com

    Thank you!

  38. Muzi Mohale says:

    Hi Tyler do you think any of these domains is premium?
    soccerwires.com
    designwires.com
    spytwo.com
    younggig.com
    blackpair.com

    If so, would welcome your assistance in selling them.

  39. […] Cruz did exactly that 2 years ago and netted over $23k just for his brokering services – and that was just on one domain name which he helped sell. Not […]

  40. Jason Webb says:

    This is a great business advice article. It covers all the aspects, I am thinking to relocate my business soon using a professional company and seeking new challenges for better success.

    Regards/-
    Jason Webb

  41. Heba says:

    That was very clever Tyler. Since you are out of the domain brokering business (unfortunately for me :(!), is there any of your contacts who can help me out selling 12 generic .com domains (including TipsBible.com and BlogAvalanche.com). You can see all the details of my partnership opportunity here:
    http://happyhh70.webs.com/partnershipopportunity.htm

    • Tyler Cruz says:

      Unfortunately, those are not generic .com domains at all… quite the opposite in fact. A generic .com domain is closer to something like “Soda.com” or “Speed.com”.

  42. […] find the hidden opportunities sitting just below the surface. You’ll be amazed at what can pop up. « Know Your Audience: Targeting Middle Aged Women for a Web 2.0 App? To Lawyer or Not to […]

  43. Jesse Pirini says:

    Wow, I never realised domains could go for so much. I guess you really could have struck gold in the early days of the internet with a few good buys!

PeerFly

Leave a Reply