Embracing Pain and Hard Work for Achieving Success | 1min snip from The Tim Ferriss Show

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#711: Andrew Rosener — Becoming The Hokkaido Scallop King, Leasing Blue Chip URLs, Life Tenets from Charlie Tuna, Selling 8-Figure Domains, and More

The Tim Ferriss Show

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Embracing Pain and Hard Work for Achieving Success

Success and achievement often come at the expense of pain, suffering, and hard work. Whether it's in relationships, building a business, or creating meaningful art, embracing the challenges and hardships is essential. It's through hard work and compromise in marriage that one can achieve love and an irreplaceable relationship. Similarly, in business, enduring suffering and doing whatever it takes can lead to financial success and the ability to design a lifestyle that fits personal preferences. The creation of great art is also often rooted in pain, suffering, and adversity, rather than in happiness and light. Embracing the darkness and leaning into the pain is crucial for ultimately reaching success and fulfillment.

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Brought to you by AG1 all-in-one nutritional supplement, GiveWell.org charity research and effective giving, Eight Sleep’s Pod Cover sleeping solution for dynamic cooling and heating.

Andrew Rosener (@andrewrosener) is the founder and CEO of MediaOptions, which has been the #1 domain broker in the world for the last six consecutive years. Since 2008, Andrew has been involved in more than $600 million dollars in domain sales and has played a pivotal role in numerous high-profile domain-name transactions, including X.com to Elon Musk, Zoom.com to Zoom, and Prime.com and Podcast.com to Amazon, as well as thousands of others.

Andrew is an inductee of the Domain Name Hall of Fame; he was named Domain Investor of the Year by TRAFFIC; and he is the creator of the Rosener Equation, a formula for objectively valuing domain names, widely adopted by the industry.

Andrew is also the owner of DomainSherpa.com, the industry’s leading educational podcast.

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[00:00] Start

[07:06] Who is Charlie Tuna, and what are his tenets?

[30:11] Presidential ham and the value of owning coveted domains.

[34:35] Tess Diaz enters the picture.

[39:25] A domain industry overview.

[43:14] Domain investors vs. domain squatters.

[46:21] Getting a late start in the game.

[50:16] Brokering the sale of pizza.net.

[56:50] Why relocate to Panama in the midst of building a business that needed to make $250 per day?

[1:00:40] Leasing vs. buying a domain as a startup.

[1:10:36] Leasing vs. selling a domain as a holder.

[1:13:42] How important is securing your brand as a .com?