A had a real defining moment during the Xmas break, my son got the board game Monopoly in amongst lots of stuff for Christmas and after wearing me down he got me to agree to play it during the holidays. I don’t think I have played Monopoly for about 10 years, one thing was very apparent within 30 minutes – what I do online is exactly the same as how I played that game.
She who must be obeyed preferred to hoard her money and buy a few cheap properties like the blue set of Euston Rd etc, shy at buying houses and conservative about spending her money. I on the other hand played pretty aggressively, securing the orange set of Vine Street early on by buying 2 after landing on them and bartering the sale of the 3rd to complete my set. I then sailed pretty close to the wind by developing on them early leaving little in the bank but asset rich.
Landing on the undeveloped land meant I was charged rent but it was only £4-£35 a time and hardly put me to the sword where as I had spent the last of my money developing my land to the point that if anyone landed on it I could charge them hundreds, this meant I could buy more houses and in the end take over land & property from others as my bank roll went from nothing to thousands owning a few hotels.
The similarity between Monopoly and domainer/developing was more than a little eye opening, the only real way to upscale is to take some chances, play aggressively and develop to raise income levels to a point you can re-invest. Having some small cheap areas of land that bring in low yields and having money in the bank proved to be a false economy in this game for my wife, sure I could have over extended myself and got into trouble but my strategy paid off, I’ve dwelled on what happened ever since, not only is it still a really good game that stands the testament of time, it made me focus and analyse what I’m doing and think about it slightly differently and the bigger picture. If you have never played Monopoly this post will make no sense, if you have it stored away in a cupboard I’d recommend digging it out and giving it a go, it would be so easy for them to create a version of this game relating to the internet, domains & websites.
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