Cost of Startup

BlackDiamond · 01-15-2008, 09:42 AM

When I first started lurking at NamePros, I was interested in the discussion and the information was available. Looking at many of the posts on this forum has gotten me interested in the idea of the business of buying and selling domain names, even though initially I had no desire to become a domainer. While realistically I doubt I would ever enter the game (I'm not a risk-taker by nature and most substantial risks I have taken have ended with me on the severe losing end), there are times when I believe that domaining could not just be hard work with little chance of reward, but a fun and valuable learning experience that would make me a richer person in terms of development rather than money. After all, I've already learned more about domain names from this forum just by reading the posts than I've learned when I first registered a domain name.

However, there is one concern that tempers my speculations: money. While registering a domain name can only cost a few bucks if you look in the right place, I am wise enough to know that I do not have the creativity to register money-making domain names in COM or any other top-level domain. Getting into even the low end aftermarket requires a substantial sum, and people throw around the idea of hundreds and thousands of dollars as though the amounts were only pennies.

So if I wanted to become a domainer, how much capital would I realistically need in order to be able to have a chance at breaking even? I know some people will say $7 and to register a really good domain name, but that's not much better than buying one share of stock or one lottery ticket.

SimpleDomaining · 01-15-2008, 09:57 AM

the difference is, when you buy lottery ticket - it is luck to win. when you buy domain - it is research that brings winnings.

Peter · 01-15-2008, 09:59 AM

This really depends on how much work you put in. The more you put in the less in a sense you are risking (however the risk is still there).

If you are planning parking domains then you should do your keyword research thoroughly as well as analysis on the domain name. Ultimately you would like a domain name that has history but has been dropped but this is not as easy as it sounds as it first has to get past the drop process.

On the other hand if you plan on developing then the risk is less. If you create truly useful sites then all you have wasted is your time. If you do not do this as a living then it is not that bad. Of course if you take this route you need the skills and ideas to develop the site and you also sill need a fairly good name (although you can get away with a lesser name than if you are simply selling on or parking the domain).

**Ross** · 01-15-2008, 10:09 AM

It really doesnt even cost you a penny if you do it the right way. Earn NP$ by doing random things for people such as stumbles in this Forum. Get enough to reg a domain and then develop it with free tools and scripts. You can also get free hosting just about anywhere or you can get ad free hosting as little as $1 a month. So the opportunity is there it just depends on how you approach it. Development can always turn a bad name it to a good one if done right.

Ja$on · 01-15-2008, 10:15 AM

$500, set up Dynadot account, register domains and you have 5 days to sell them at profit or return them for your money back.

Can't get any easier then that.

sashas · 01-24-2008, 05:40 PM

I started with $60, about 8 months back.

zerolu · 01-24-2008, 05:46 PM

Quote:

Originally Posted by sashas

I started with $60, about 8 months back.

how much have u made now?

bradocconor · 01-24-2008, 05:49 PM

Quote:

Originally Posted by BlackDiamond

When I first started lurking at NamePros, I was interested in the discussion and the information was available. Looking at many of the posts on this forum has gotten me interested in the idea of the business of buying and selling domain names, even though initially I had no desire to become a domainer. While realistically I doubt I would ever enter the game (I'm not a risk-taker by nature and most substantial risks I have taken have ended with me on the severe losing end), there are times when I believe that domaining could not just be hard work with little chance of reward, but a fun and valuable learning experience that would make me a richer person in terms of development rather than money. After all, I've already learned more about domain names from this forum just by reading the posts than I've learned when I first registered a domain name.

However, there is one concern that tempers my speculations: money. While registering a domain name can only cost a few bucks if you look in the right place, I am wise enough to know that I do not have the creativity to register money-making domain names in COM or any other top-level domain. Getting into even the low end aftermarket requires a substantial sum, and people throw around the idea of hundreds and thousands of dollars as though the amounts were only pennies.

So if I wanted to become a domainer, how much capital would I realistically need in order to be able to have a chance at breaking even? I know some people will say $7 and to register a really good domain name, but that's not much better than buying one share of stock or one lottery ticket.

I bought a domain name on ebay (not my first) for .99 and sold it 3 months later at a traffic auction for close to 3k so I guess if you look hard enough wait long enough you could syart for .99 (by the way it earned about 75 bucks a month from type in traffic whilke waiting to be sold)

zerolu · 01-24-2008, 05:54 PM

Quote:

Originally Posted by bradocconor

I bought a domain name on ebay (not my first) for .99 and sold it 3 months later at a traffic auction for close to 3k so I guess if you look hard enough wait long enough you could syart for .99 (by the way it earned about 75 bucks a month from type in traffic whilke waiting to be sold)

wat was ur domain?? wat u do just park it??

unclewalter · 01-24-2008, 05:58 PM

I started with $100, then later added another $100, right now I own somewhere between 20-25 domains, including 5 LLLL.com,I dont think im doing that bad. I made about $75 profit on the 3 domains I have sold so far.

weblord · 01-24-2008, 06:19 PM

you should be thinking of getting a resellership account either at wwd or http://www.idotz.net/reseller.html if you plan to register lots of domains.

sashas · 01-24-2008, 06:43 PM

Quote:

Originally Posted by zerolu

how much have u made now?

i just sold no.org for 37.5k

total profits are in the high xx,xxx range

BlackDiamond · 01-26-2008, 11:31 AM

Thanks for the answers, but I think I've come to my senses and realized domaining isn't for me. I don't have the mindset to think of a domain name to register that would be valuable to an end user, and most of the aftermarket is out of my current price range.

Diabro · 01-26-2008, 02:42 PM

Quote:

Originally Posted by sashas

i just sold no.org for 37.5k

total profits are in the high xx,xxx range

Did you hand reg no.org? Or was that a domain you regged years ago?

Shane · 01-26-2008, 03:03 PM

I started at $0, have since added $120. I have made about $200 so far but have re invested. Although my hand regs are awful!

NameCharger · 01-26-2008, 03:36 PM

Quote:

Originally Posted by sashas

i just sold no.org for 37.5k

total profits are in the high xx,xxx range

Starting with only $60 and progressing to this caliber of transaction in 8 months? I would like to hear your story

dalem · 01-26-2008, 04:42 PM

Yes please tell Sasha

sashas · 01-26-2008, 07:20 PM

Quote:

Originally Posted by Diabro

Did you hand reg no.org? Or was that a domain you regged years ago?

I bought it from the original owner, resold it within a month.
I'm 21. So obviously couldn't have handregged it.

johname · 01-26-2008, 08:15 PM

Quote:

Originally Posted by sashas

I started with $60, about 8 months back.

i guess that means you turn $60 into enough to buy no.org

**Samit** · 01-26-2008, 10:30 PM

Quote:

Originally Posted by johname

i guess that means you turn $60 into enough to buy no.org

Not exactly but close enough. Congrats sashas, killer sale.

Time to let out the .org sales secrets, who did you sell it to? I've been hearing really good things about .org but can't seem to see the target audience for the life of me.

Apologies to the OP for going off topic.

sashas · 01-26-2008, 10:38 PM

MediaWiz, it was sold at the Snapnames Live auction, so I did nothing (other than lose money after turning down a 45k bid at Sedo, hoping for a larger sale at Snap...that didnt happen, sadly)

Diabro · 01-27-2008, 06:26 AM

Quote:

Originally Posted by sashas

I bought it from the original owner, resold it within a month.
I'm 21. So obviously couldn't have handregged it.

Thank you sashas. I was sad to see it go so low.

Also I would like to say I am now skeptical of the auctions.

01-15-2008, 09:42 AM	#1 (permalink)
BlackDiamond NamePros Member Join Date: Nov 2007 Posts: 64 0.00 NP$ (Donate)	Cost of Startup When I first started lurking at NamePros, I was interested in the discussion and the information was available. Looking at many of the posts on this forum has gotten me interested in the idea of the business of buying and selling domain names, even though initially I had no desire to become a domainer. While realistically I doubt I would ever enter the game (I'm not a risk-taker by nature and most substantial risks I have taken have ended with me on the severe losing end), there are times when I believe that domaining could not just be hard work with little chance of reward, but a fun and valuable learning experience that would make me a richer person in terms of development rather than money. After all, I've already learned more about domain names from this forum just by reading the posts than I've learned when I first registered a domain name. However, there is one concern that tempers my speculations: money. While registering a domain name can only cost a few bucks if you look in the right place, I am wise enough to know that I do not have the creativity to register money-making domain names in COM or any other top-level domain. Getting into even the low end aftermarket requires a substantial sum, and people throw around the idea of hundreds and thousands of dollars as though the amounts were only pennies. So if I wanted to become a domainer, how much capital would I realistically need in order to be able to have a chance at breaking even? I know some people will say $7 and to register a really good domain name, but that's not much better than buying one share of stock or one lottery ticket. Last edited by BlackDiamond; 01-15-2008 at 09:52 AM. Reason: Clarification

01-15-2008, 09:57 AM	#2 (permalink)
SimpleDomaining Senior Member Join Date: Jun 2005 Location: Phoenix AZ Posts: 1,568 81.62 NP$ (Donate)	the difference is, when you buy lottery ticket - it is luck to win. when you buy domain - it is research that brings winnings. __________________ Visit http://SimpleDomaining.com. All newbie domainer needs to know to start domaining. Submit link to Simple Links Directory http://links.simpledomaining.com My last developed sites Century Plaza, Allgon , Kids Books Warehouse, Anthem Classifieds. LOOKONG FOR AN OFFER for DryCleaningCompany(.)com

01-15-2008, 09:59 AM	#3 (permalink)
Peter Senior Member Join Date: Nov 2003 Location: Scotland Posts: 4,900 0.60 NP$ (Donate)	This really depends on how much work you put in. The more you put in the less in a sense you are risking (however the risk is still there). If you are planning parking domains then you should do your keyword research thoroughly as well as analysis on the domain name. Ultimately you would like a domain name that has history but has been dropped but this is not as easy as it sounds as it first has to get past the drop process. On the other hand if you plan on developing then the risk is less. If you create truly useful sites then all you have wasted is your time. If you do not do this as a living then it is not that bad. Of course if you take this route you need the skills and ideas to develop the site and you also sill need a fairly good name (although you can get away with a lesser name than if you are simply selling on or parking the domain). __________________ Manage your portfolio using my new Domain Portfolio Management script. Securing Your Domain Name From Theft

01-15-2008, 10:09 AM	#4 (permalink)
Ross NP Superstar™ Forum Moderator Join Date: Nov 2007 Posts: 2,068 5.15 NP$ (Donate)	It really doesnt even cost you a penny if you do it the right way. Earn NP$ by doing random things for people such as stumbles in this Forum. Get enough to reg a domain and then develop it with free tools and scripts. You can also get free hosting just about anywhere or you can get ad free hosting as little as $1 a month. So the opportunity is there it just depends on how you approach it. Development can always turn a bad name it to a good one if done right. __________________ YGrab.com Domaining BLOG!

01-15-2008, 10:15 AM	#5 (permalink)
Ja$on Senior Member Join Date: Jun 2003 Location: San Diego Posts: 2,447 291.95 NP$ (Donate)	$500, set up Dynadot account, register domains and you have 5 days to sell them at profit or return them for your money back. Can't get any easier then that. __________________ iNEEDaNAME.com - Expired domain guru, reseller, blogger and all around nice guy. I don't always read message boards but when I do, I read Namepros. - The Most Instresting Man

01-24-2008, 05:40 PM	#6 (permalink)
sashas Senior Member Join Date: Jul 2007 Location: Jaipur, India Posts: 3,061 501.00 NP$ (Donate)	I started with $60, about 8 months back.

01-24-2008, 05:58 PM	#10 (permalink)
unclewalter NamePros Regular Join Date: Nov 2007 Posts: 424 168.20 NP$ (Donate)	I started with $100, then later added another $100, right now I own somewhere between 20-25 domains, including 5 LLLL.com,I dont think im doing that bad. I made about $75 profit on the 3 domains I have sold so far. __________________ :hearts: :love: Buy some domains

01-24-2008, 06:19 PM	#11 (permalink)
weblord NamePros Legend Join Date: Dec 2005 Location: Philippines - www.Nabaza.com Posts: 19,840 21,700.43 NP$ (Donate)	you should be thinking of getting a resellership account either at wwd or http://www.idotz.net/reseller.html if you plan to register lots of domains.

01-26-2008, 11:31 AM	#13 (permalink)
BlackDiamond NamePros Member Join Date: Nov 2007 Posts: 64 0.00 NP$ (Donate)	Thanks for the answers, but I think I've come to my senses and realized domaining isn't for me. I don't have the mindset to think of a domain name to register that would be valuable to an end user, and most of the aftermarket is out of my current price range.

01-26-2008, 03:03 PM	#15 (permalink)
Shane NamePros Regular Join Date: Aug 2007 Location: West Sussex - England Posts: 858 10.00 NP$ (Donate)	I started at $0, have since added $120. I have made about $200 so far but have re invested. Although my hand regs are awful! __________________ Get your handbook to success today! We show you how a recession benefits you! Like interviews? We have them by the van full! Be kind to Mellow Masher!!

01-26-2008, 04:42 PM	#17 (permalink)
dalem Account Closed Join Date: Jul 2007 Posts: 313 3.00 NP$ (Donate)	Yes please tell Sasha

01-26-2008, 10:38 PM	#21 (permalink)
sashas Senior Member Join Date: Jul 2007 Location: Jaipur, India Posts: 3,061 501.00 NP$ (Donate)	MediaWiz, it was sold at the Snapnames Live auction, so I did nothing (other than lose money after turning down a 45k bid at Sedo, hoping for a larger sale at Snap...that didnt happen, sadly)

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