“A Struggling Domainer With $1,000,000 Dream” - It’s both funny and sad!

Alright, I just came across this story of a struggling domainer with $1,000,000 dream.

Here is part of what his press release says:

A once-failed domainer has announced his new business model to make a living entirely from buying and selling domain names at Seminarist.com.

“People are keep telling me to stay away from my computer, which apparently has given me nothing but a dumb and dumber look on my face. They all say that Internet won’t make you enough money to support a living. There is no way you can feed your family with just a dead typewriting machine with monitor and a telephone cable.” Said the struggling domainer.

Ever since he began his journey as a new domainer years ago, he lost thousands of dollars due to miscalculation on his domain name portfolio investment. However, he chose not to quit his dream job just yet. Now he’s starting all over again from the very beginning with his brand new blog, Seminarist.com. With 50% of the proceeds go to Kiva, one of the leading micro lending organizations on the Internet, he planned to raise $1 million completely from domaining.

http://www.prurgent.com

Well I can’t help but feel his pain. At the same time I like his humor and he is courageous enough to admit his failures.

I can imagine 1000s of domainers having big dreams like these. It is great to dream big. Every great invention was once dreamed by someone.

But at the same time, we should also be somewhat realistic. There is no harm in asking high prices for your domains. I do it all the time because my experience is that if a buyer really wants your domain, he/she will at least say they can only pay this much. So then its up to us to accept or reject that offer but at least we tried selling it for big money. Right?

So I checked his website Seminarist.com and found his domain portfolio showcase as shown below:

Seminarist.com - $1,000,000
Pilotfish.org - $100,000
Magistrand.com - $20,000
ePiglet.com - $200,000
MayPayDay.com - $250,000
DebtSum.com - $70,000
DebtCollects.com - $25,000
GreaterYork.com - $20,000
CanaanTown.com - $15,000
Furchase.com - $10,000
eMilitary.net - $10,000
Winning.me - $10,000

Do you think he will realize his million dollar dream with his approach?

What would you suggest him or many others with similar dreams?