New Blue, Dominic believes money isn't everything in the Championship, as proved by Huddersfield's success last season.
Dominic Iorfa is hoping Town can take inspiration from last season's Play-Off winners, Huddersfield Town and replicate their success at Portman Road.
The defender joined on loan from Wolves earlier in the window, and he has set his sights on a successful season with the Blues.
"It’s a very competitive league, definitely," Dominic told the matchday programme.
"The beauty about the league though is that there are so many good sides and anyone can beat anyone else on the day. Look at what Huddersfield achieved last season.
"I don’t think it matters too much about the money that is being spent. It doesn’t guarantee anything.
"Sometimes spending big works and it worked for Newcastle last year but Huddersfield showed that if you get a good team, with the right balance and team spirit - where everyone everyone sticks together - then anything can happen."
You can read a full interview with Town's new number 2 in this weekend's matchday programme.