Greetings! I'm Michael, a seasoned solopreneur.
I've had plenty of swings and misses along the way but fortunately, I've also had a couple of homers to make it all worth it.
Considering it's a 25-year journey, I'll spare the details but here's a glimpse into what I've experienced.
My journey began in 1998 in my Rutgers dorm room when I discovered eBay.
There, I encountered the opportunity to sell my first digital product, reselling an info product called the "Mega Info" CD.
This paved the way to launching my first website at NobodyKnows.com.
That's where I bumped the perceived value allowing me to charge a premium for this same CD.
I earned a small profit, but more importantly, this sparked my exploration of virtually all online money-making models.
I ran the gamut, from paid-to-surf programs (yes this was actually a thing two decades ago!), affiliate marketing, domain name investing, membership sites, SaaS building, and many more.
Upgrade to Millions
The key turning point in my career was when I discovered the "acquire then build" strategy.
That's when I acquired the established online business, I-Newswire.com in 2006.
It was a relatively small site, generating $1K per month.
However, I recognized its untapped potential, and through various growth strategies and numerous improvements, I scaled annual profits to $200K from 2008 to 2012.
This was all performed as a solopreneur, working with contractors on tasks where I had minimal experience or skills.
But in 2013, everything changed when I transitioned from a solopreneur to partnering with a highly accomplished entrepreneur.
Ultimately, this led me to manage a global team of more than 50 employees, contractors and freelancers.
This strategic partnership, with someone who also understood the value of domain names, helped elevate our business to another level.
And that's because we both decided we needed the best domain name to compete with the biggest companies in our space.
After over a year of negotiations, we acquired and rebranded to Newswire.com in 2015, solidifying our position in the PR distribution industry and driving our revenues to new heights, growing at a pace we never imagined.
In 2021, I happily exited the business, thinking I had reached the pinnacle of my success.
However, Newswire.com's journey continued. A year later, in 2022, a Nasdaq listed company recognized its value and acquired it for an astonishing $44M.
This personal win highlights the exceptional value created by acquiring and using the best domain for your online business.
And while it's never just about the domain name, in our case it was definitely THE catalyst which allowed us to massively grow at a rapid pace.
The OnlineBusiness.com Philosophy
Now, my focus is on OnlineBusiness.com.
After letting it sit around for years, it's time to build it out to its full potential.
I believe in not just acquiring domain names, but transforming them into robust businesses, such as Newswire.com.
But as an investor with thousands of domains, I can't possible develop them all.
So moving forward, my goal is to establish OnlineBusiness.com as the ultimate resource for entrepreneurs who understand the importance of a strong domain name.
I am dedicated to helping others find their best domain and turn it into a successful business venture.
So if you're ready to start or scale your online business, you're in good company.
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Interested in a domain or have a business proposal?
Fill out the form on the interested domain page or shoot me an email at [email protected] and let's discuss!
