$100k a year

[Mikeross1]

I have a contact inside Godaddy that says he knows a few gentlemen that make $100k a year flipping domains with a portfolio size of 3000 domains. What do you think they are doing..high volume at low price($200 bucks) , or low volume at a high price? Any theories?

 

[baseballworld]

I have never done it but possible in that volume. I mean I have portfolios of 300 making 10k average ratio is same. I know people parking can hit that

 

[Mikeross1]

Koh- where do sell? What's the average sale price?

 

[Fancy.domains]

Koh- where do sell? What's the average sale price?

If the question is meant for me...

I sell from my own landing pages plus from Afternic and Sedo. I've tried other market places as well but without any remarkable success. The average ngTLD sale is about $500 (+ / - $100). My aim is to increase this in 2016, as I think my portfolio is getting better.

 

[Mikeross1]

Excellent, thanks Koh

 

[Galleshem]

I think it all depends on the money you have from the start.
Let's say you hand reg 300 short brandable domains (taking this example because there are still a lot available for registration), the total cost will be +/- $2400, and there are big chances you will sell 5 of these for low/mid $XXXX untill the end of the year.
Of course, you won't make $100K a year with this strategy, but you invested only $2400...
All the business plan depends on the budget you have from the beginning to start buying and your "skills" and time you have to spend on this imo.

 

[WebInvestments]

your "skills" and time you have to spend on this imo.

Really liked that part. Skills and time (and how you use these) are indeed most crucial aspects of how you make domainging work for you.

Do not restrict your skills by only listing to domain marketplaces and creating landing pages or your own domain portfolio websites. These thing help, but use your skills more to benefit your business and to earn more from your investments.

I find contacting potential buyers the most interesting and learning part. Not only it gives us new ways and ideas for marketing/selling our domains, but it also increases our knowledge in different business (domains we own in certain niches) that later helps in selling and making the process easier, thus making us confident to deal with the buyer (niche-wise).

Apologies for an off-topic post but wanted to thank @Galleshem and add my thoughts into it, lol.

 

[Brandon.Domains]

Congrats on averaging $8000 per month over the last year, or less. How many names would that be?

2,736 domains at the moment.

Also, I didn't mean to say that I average $8,000 per month from domain name sales over the last year. In fact, I only got started with domains this year. But that's the kind of profit margin I was able to sell domains for.

 

[Brandon.Domains]

If you register a .com domain, do you also register the .net if it is available?

I did in the past if it was available. I don't buy .com domains anymore.

 

[WPM]

Not to brag at all, I have a 6 figure MBA finance job...that's how..I work 5 days a week in an office.

Well then...

Take that great job $$$ and that MBA and start building businesses!!!!

Or sit and hold until they come knocking. If they're .COMs, they will come if they're good names.

PM me and we can discuss your protfolio and game plan. For free.

Hope this helps.

Regards,

WPM

 

[WPM]

Well then...

Take that great job $$$ and that MBA and start building businesses!!!!

Or sit and hold until they come knocking. If they're .COMs, they will come if they're good names.

PM me and we can discuss your protfolio and game plan. For free.

Hope this helps.

Regards,

WPM

*portfolio

 

[Danish Khan]

I have a contact inside Godaddy that says he knows a few gentlemen that make $100k a year flipping domains with a portfolio size of 3000 domains. What do you think they are doing..high volume at low price($200 bucks) , or low volume at a high price? Any theories?

Why don't you ask help from that person who told you about them?! If the secret is revealed, then you might be a millionaire

 

[gilescoley]

Not to brag at all, I have a 6 figure MBA finance job...that's how..I work 5 days a week in an office

Feel free to PM me your names, I might be interested or have clients that are always interested in good names

 

[Mikeross1]

WPM- You read my mind.. I did full metric analysis on my 230 names and will keep the top 30 most valuable names and build websites on top of the domains. Based on the domain names it's an absolute 100% on brainer...Valuable domain + valuable website. I will use Moto Cms which is awesome. In the next year I'll be developing sites and not really domaining. The new extensions have enable us to get finance domains name we could only dream of !!! I'm excited!!

 

[WPM]

PM me.

I may not make friends with this statement...

Don't go hog wild on the new extensions until you know how much the registrars are going to promote them outside of the forums/web. I have seen very little promotion in the mainstream media to program the average joe. It's going to take billions and a few years.

That being said... If you find great deals on single words in the new extensions and can afford to sit and hold... do so.

Or, unless your ready to spend BIG MONEY on advertising yourself, buy until your heart is content.

I am not a "flipper" I'm in for the long haul with .COMs and development for long term returns and long family money.

If you have solid .COMs focus on them. Not sure about the MOTO CMS as I build my own. But will check it out.

Regards,

WPM

 

[interassets]

With 3000 domains, he could be earning $100k a year from clicks on his domains? + the odd sale here and there.

 

[eyedomainous]

Dont hand-register names for $10
Rather spend $250-$500 (or more if really good quality) on a decent name than buying 25 hand-registered crap names

As property appreciation rates determine profit margins... you would have to sell a $500 aftermarket name for $25,000 just to match the 50X rate of a $10 hand reg selling for $500. And $500 aftermarket domains rarely sell for $25K... so while its easy to say aftermarket names are more profitable than hand regs, I don't see anything supporting that claim.

I deal almost exclusively in hand regs, and my worst sale was a $50 .tv hand reg sold for $4K (it was my 1st sale about ten years ago)

Also, as I focus is on hot niche 'beach front' hand regs I'm aiming beyond the $100K mark, as I passed on an offer in that neighborhood earlier this year, for my DroneTV.com hand reg.

 

[gaap]

As property appreciation rates determine profit margins... you would have to sell a $500 aftermarket name for $25,000 just to match the 50X rate of a $10 hand reg selling for $500. And $500 aftermarket domains rarely sell for $25K... so while its easy to say aftermarket names are more profitable than hand regs, I don't see anything supporting that claim.

I deal almost exclusively in hand regs, and my worst sale was a $50 .tv hand reg sold for $4K (it was my 1st sale about ten years ago)

Also, as I focus is on hot niche 'beach front' hand regs I'm aiming beyond the $100K mark, as I passed on an offer in that neighborhood earlier this year, for my DroneTV.com hand reg.

Good info! Im learning a lot from guys like you. I was out of the domain name game for about 4-5 yrs and struggling to learn to get back with a very limited budget. Now trying to sell a domain (2fk.com) on a 7day public auction on godaddy just to up my funds to get back into the game.

If someone wants to adopt me and mentor me please send me a pm

I have a few domains left, best one is a dutch domain (tarotist.nl) but i find it hard to find the best ways to reach the domainers/investors/endbuyers.

Im now thinking about focusing on dutch domains (im dutch), since i found a way to get a good list every week of expiring domains, but there is one dropcatcher in the netherlands that is pretty quick. Maybe i should try desktopcatcher but im not sure if that would work. And with limited funds i have to make choices.

I will keep following this thread!

 

[Mikeross1]

Eyed- the sales price distribution curve which can be found on Sedo Market Research shows its very hard to sell a domain over $2,000. But very easy to sell a domain for $100. Therefore if you have 1000 hand reg and sell them for $100 each on a 7 day auction that's $100,000... Isn't that more likely than trying to sell for $3500 a piece? You would need 29 sales at $3500 to make $100k...not likely...am I right?

 

[WPM]

Eyed- the sales price distribution curve which can be found on Sedo Market Research shows its very hard to sell a domain over $2,000. But very easy to sell a domain for $100. Therefore if you have 1000 hand reg and sell them for $100 each on a 7 day auction that's $100,000... Isn't that more likely than trying to sell for $3500 a piece? You would need 29 sales at $3500 to make $100k...not likely...am I right?

Yes... sort of...

The guy that bought it for $100 is gonna flip it for $3500.

Just saying....

 

[Bram C.]

Eyed- the sales price distribution curve which can be found on Sedo Market Research shows its very hard to sell a domain over $2,000. But very easy to sell a domain for $100. Therefore if you have 1000 hand reg and sell them for $100 each on a 7 day auction that's $100,000... Isn't that more likely than trying to sell for $3500 a piece? You would need 29 sales at $3500 to make $100k...not likely...am I right?

It's highly unlikely that if you have 1,000 handregged domains that you're going to sell all 1,000 of them just by pricing them $100 in a 7 day auction. You may end up selling 10-15% of those at that price if you're really lucky (assuming they are of decent quality). Very easy does not mean guaranteed.

On a side note; I love Mike Ross in Suits, such a great actor!
Is your username your real name or you're just a fan?

 

[Mikeross1]

Who is that?!?

 

[garptrader]

$XXXX sales are not as easy as DNJ sales reports make them appear to be. If you reg hundreds of domains no one wants whether they be .COM or any new TLD, you may pay renewals for years and lose thousands of dollars before you realize how big a mistake you have made. As well, if you price domains above what anyone is willing to pay, you can also find yourself with inadequate sales revenue to pay renewals. Result - instead of making money, domains drain your savings year after year....

 

[Mikeross1]

$XXXX sales are not as easy as DNJ sales reports make them appear to be. If you reg hundreds of domains no one wants whether they be .COM or any new TLD, you may pay renewals for years and lose thousands of dollars before you realize how big a mistake you have made. As well, if you price domains above what anyone is willing to pay, you can also find yourself with inadequate sales revenue to pay renewals. Result - instead of making money, domains drain your savings year after year....

Agree 100%..that's why I think if you have a portfolio of 200 domains, one might be better off developing the 20 top names and selling or dropping the rest at renewal time... Build real value for consumers via developing websites ... The name "Google" means nothing and not a good name ,if you think about it, in till you realize what Google can do and the massive value the website provides.

 

[nothere]

...he knows a few gentlemen that make $100k a year flipping domains with a portfolio size of 3000 domains...

Not sustainable. Maybe for a year or two and that can be done by just selling a few names.

 

[WPM]

Mike,

Your trying to justify the perceived reality with numbers. You're right, the numbers don't lie... when there is a buyer willing to buy.

Point being, you only know how much you want to sell a domain for, the question is, "What could you really get?" The bottom line is a domain is worth what someone is willing to pay for it.

If you are going to undercut your possibilities of long term income by selling 1000 domains for $100 each just to make $100k a year... what happens when you run out of domains and your costs increase as you turn into the guy trying to buy and flip domains for $100 a pop?

If your portfolio is solid, or partially solid, and you have that good job... develop them make a business and have an exit strategy.

You did say you had a MBA... right? I thought that was business 101...

Note: Graduated with PHD and was Phi Beta Capa Uass from UofHK.

Develop them man!!!! Sell a few... develop the rest. Put people to work, get tax breaks... incorporate man!!!!!!!

Regards,

WPM