Quote:
Originally Posted by Giant
We are here to invest in domain names, the skills we really need to make us succeed is probably marketting, advertising, business strategy..., skills to build a site is not essential. Just like real estate investors don't need to know how to intall an elevator to a building or skills to construct a building, they just need to figure out where the best location is and buy the land first before somebody else.
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You are
absolutely right!
For Instance, if you were to become a McDoland's franchises, the corporation would ask you to recieve training concerning the day-to-day operation of the business, but not how to bake buns, slice down the potatoes or slaughter cows. If you do know how, it might be a plus, provided you have the time and energy to do so but it's not essential to guarantee the overall of the business.
A smart and successful investor needs only to make the right decisions at the right time and there's no need to do everything by himself. This way, he can better utilize his time and effort in more important things and not losing time over trivial things.