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Park.io – automating tasks to make $125k per month

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Re: Park.io – automating tasks to make $125k per month

#181

Post by pavel_lishin »

z3t4 wrote: post #175
Mattasher wrote: post #167

Earlier quoted context omitted.

This reads like: If you buy good real estate from someone who has a parking lot, you are encouraging people to buy good real estate. Better to buy a swamp an hour out of town and build your business there.

More like someone occupying lots of parking spots outside the mall, then charging many times the price for you to park there. Or take up many seats in public transportation, then charge people extra to sit, or hold seats until their friends come aboard.

Buys up deeds from people who missed paying their mortgage by a day, evicts the owners, offers to sell it to them - or anyone - at triple the price.

Re: Park.io – automating tasks to make $125k per month

#182

Post by FussyZeus »

infocollector wrote: post #176
joelrunyon wrote: post #108

Earlier quoted context omitted.

If you read the article or the process about how domains expire, they don't actually get re-released until close to 75 days AFTER the domain actually expires. If you forgot to renew the lease on your apartment and 75 days later, someone else rented it, it might suck or be annoying, but you'd still have to move. The easy fix? Set everything to auto-renew & have a backup credit card on file.

Recently I let a domain expire. I found out, that in those 75 days, I had to pay $180 instead of $20 for the same domain (namecheap). So, its not the same as leasing an apartment - I think.

If you let it expire for two and a half months it obviously isn't that important to you.

I think the most expensive domain registration I've ever paid is $9.99, and seriously if you can't afford that annually, you have no business owning domains in the first place. There are plenty of free hosting options for portfolios.

Re: Park.io – automating tasks to make $125k per month

#183

Post by threesixandnine »

thinkMOAR wrote: post #171

"so I wrote a script that checked the domain every second and sent me an email if it was available." Whats the use of checking it _every second_ if you still need to manually act upon your email?

All this is pretty funny to all dropcatching people around the world if he really said it. If you act upon email the domain is gone.

Re: Park.io – automating tasks to make $125k per month

#184

Post by jonknee »

jomamaxx wrote: post #168
jonknee wrote: post #160

Earlier quoted context omitted.

> I'm sure they produce lots of interesting documents too but they appear to be minting it already. ICANN is a non-profit organization, they are definitely not "minting it". Feel free to look at their financials and complain: https://www.icann.org/en/system/files/files/adopted-opplan-b...

Just because an organization is 'not profitable' does not mean they are not efficient, and that there aren't stake holders raking it in. 'Non profit' means that investors are not making anything (there are none). But there are other stake-holders: suppliers, customers, other kinds of financiers (debtors, other financial services), vendors, executives and employees. They could feasibly be paying themselves 'significan…

> Just because an organization is 'not profitable' does not mean they are not efficient, and that there aren't stake holders raking it in.

Hence my linking to the financials so you can see who is "raking it in".

Re: Park.io – automating tasks to make $125k per month

#185

Post by Tech1 »

obisw4n wrote: post #170

Doh.. this guy recently came to me and swooped an up .io I owned. I gave it to him for what I paid for it thinking it was just an individual, should of asked for more lol. /me facepalms

He paid me $500 for a two letter .io I owned. I hope you got market value!

Re: Park.io – automating tasks to make $125k per month

#186

Post by pimlottc »

csallen wrote: post #172
cjhanks wrote: post #157

I find it shocking that you would post on HN; "Hey guys, I make $125k/mo making other peoples lives harder". Given the way your current infrastructure is configured (vulnerabilities and all)... somebody could probably cost you ~$30-70k/mo in AWS resource utilization at a cost of ~$600/mo. The moment you park on the domain of someone who shares your internet ethics, that will be an interesting day for you.

How is it unethical to provide a platform that allows people get domains that they'd otherwise have almost no chance of getting?

If park.io hadn't bought it, someone else would have. So how does the park.io client deserve it any more than that person?

Re: Park.io – automating tasks to make $125k per month

#187

Post by white-flame »

His main advice is to just "flow" on your own natural interests and success will come.

The problem is that many people's interests have zero business potential. As technical people, we tend to have pipe dreams about what computers could achieve. Lone wolf AI directions, weird functional programming styles, utilities based on incredibly niche processing, continuing retro computing interests, custom OSes, etc.

Sure, some people have interests that happen to align with a commercially exploitable audience, but "pursue your interest" is not a globally applicable direction to recommend starting a business venture. Flexibility within your interest will not help you swing a profit if your interest isn't widely shared.

Re: Park.io – automating tasks to make $125k per month

#188

Post by 6DM »

white-flame wrote: post #187

His main advice is to just "flow" on your own natural interests and success will come. The problem is that many people's interests have zero business potential. As technical people, we tend to have pipe dreams about what computers could achieve. Lone wolf AI directions, weird functional programming styles, utilities based on incredibly niche processing, continuing retro computing interests, custom OSes, etc. Sure, so…

I still think it's a great starting point. You may find that it's hard to get info about custom OSes and after a year decide to sell a book with all the information you found.

The point is keep an eye out for problems you run into, instead of making one up. Usually if you find it interesting, someone else will too. Plus it makes it easier to justify spending the hours necessary turning it into a product.

Re: Park.io – automating tasks to make $125k per month

#189

Post by edoceo »

joelrunyon wrote: post #152
edoceo wrote: post #118

Earlier quoted context omitted.

Exactly, which is why the asking multiple is too high. Fragile model with declining future revenue

3x profit is a pretty standard multiple.

If you have a moat and growth. Not the case here.

Re: Park.io – automating tasks to make $125k per month

#190

Post by csallen »

pavel_lishin wrote: post #181
z3t4 wrote: post #175

Earlier quoted context omitted.

More like someone occupying lots of parking spots outside the mall, then charging many times the price for you to park there. Or take up many seats in public transportation, then charge people extra to sit, or hold seats until their friends come aboard.

Buys up deeds from people who missed paying their mortgage by a day, evicts the owners, offers to sell it to them - or anyone - at triple the price.

More like renting an apartment after someone neglected to pay their rent, and then continued to not pay day-after-day for the next 75 days. And afterwards, creating a fair bidding process to allow interested parties an actual chance to get that apartment for themselves without having to own sophisticated technology to be the first person there.
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