Domain investing and development is not for the faint of heart, especially domain development.

In general, domain development is very much like a marathon, while geo domain development, all the more challenging, can be deemed the triathlon of domain development.

Having developed only a handful of successful and profitable geo domain service websites (and over 20+ failed attempts) in the last 15 years or so, I consider geo domain developers to be a jack of all trades and a master of what’s most critically important to succeed.  And why do I say this?

There are not many domain investors or domain developers that have been around since the wee early days of the internet.

While the number of stories about buying and flipping domains are the ones all domain investors hope and long to achieve, there’s yet another avenue of stories centered on domain development making their way to the light.

In general, domain investing is not for the faint of heart. That being stated, domain development is easily categorized as challenging by a multiplier of 10, to say the least.

If you were to peruse the list of domains owned by today’s guest, then you would likely conclude this individual is well on their way to becoming a “living legend” domain developer, if not already there in some aspects.

Having met today’s guest, Peter Askew, at Rick’s Asheville Meetup, he’s not short on life or domaining experience nor height, likely being one of the tallest, if not the tallest, domain investors and developers in the industry.

The domain industry can be quite an insular experience, especially if you don’t connect with others, attend meetups and conferences, or participate in online forums and blogs.

Then, the complexities of domain buying, selling, leasing, and development increase exponentially when adding in language barriers, time zone, cultural and socioeconomic differences.

It’s one thing to be a domain hobbyist, domain investor, domain developer, domain broker, or domain consultant within one’s own backyard, per se.

However, today’s podcast guest truly understands what it means to be a global domain investor in one of the world’s fastest growing major economy, India.

There’s been much talk in the last few weeks about parking revenue and its impact on the domain industry in its entirety.

While it’s safe to say that domain parking revenue may not ever return to the “good old days”, I found what Mike Berkens had to say about parking revenue and the role it vital role it plays to be interesting, to say the least.

The domain industry is long littered with stories of domain investors entering and quickly flipping their way to profitable success.

Domain investing, specifically quick flipping, to profitable success in short order shouldn’t be dismissed. However, the more puzzling and challenging feat to achieve and sustain is multi-million dollar domain development.

It’s the $64,000 — perhaps a million dollar — question most domain investors ask or ponder from time to time when purchasing and renewing domains.

If you’re a domain investor, and this question hasn’t crossed your mind, then you’re likely wasting money, time, and effort calling yourself domain investing.

With almost a decade of domain investing under my belt now, I’ve learned the importance of answering this question and operating my domain investing business with strict adherence to a strategic timeline for every investment.