$100,000 Income: No Big Deal Anymore?

[Anjani]

Wonder what percentage of domainers make over 100k?
See many domainers with 5000+ domains portfolio - Guess renewal fees to be $40000/Year...Surely they must be making a killing to be able to maintain the portfolio.
Your Thoughts!

 

[Federer]

Once in a blue moon.

 

[Name Trader]

Using Efty as Main Landing Page, listed all domains i have on Sedo and Afternic.
Now i got 2 inquiries/week.
Still acquiring more names each night.
I Had done Outbound before, but could not get any feedback @@

Efty's landing pages are usually quite good. I would always use their Escrow.com option. I would prefer to make a sale thru Efty landing page because no commission if you sell thru Efty. Usually everywhere else is normally 20%, Sedo 15%.

Sedo & Afternic are probably the 2nd & 3rd biggest Domains For Sale Companies.

I'm confused about Afternic's policies about listing on Afternic and they will also put it on GoDaddy (the #1 Domain Reseller). So I still also post on GoDaddy. You should maybe do a search on GoDaddy for one of your first domains added to Afternic, and see if it listed. If not. I would list all your domains at GoDaddy, as well. Most of my inquiries come through GoDaddy. The General Public appear to trust them. Must have been those raunchy SuperBowl commercials of old

Outbound Sales are also quite difficult unless you really have a good domain which is in demand, and then it's how do you go about finding your prospective purchasers.

I wouldn't set any prices anywhere. Use Make Offer pricing. But one tip is I usually have set a Minimum Price, otherwise you are going to be bothered by tire kickers, quite a lot, IMHO.

 

[GeorgeQuang]

Efty's landing pages are usually quite good. I would always use their Escrow.com option. I would prefer to make a sale thru Efty landing page because no commission if you sell thru Efty. Usually everywhere else is normally 20%, Sedo 15%.

Sedo & Afternic are probably the 2nd & 3rd biggest Domains For Sale Companies.

I'm confused about Afternic's policies about listing on Afternic and they will also put it on GoDaddy (the #1 Domain Reseller). So I still also post on GoDaddy. You should maybe do a search on GoDaddy for one of your first domains added to Afternic, and see if it listed. If not. I would list all your domains at GoDaddy, as well. Most of my inquiries come through GoDaddy. The General Public appear to trust them. Must have been those raunchy SuperBowl commercials of old

Outbound Sales are also quite difficult unless you really have a good domain which is in demand, and then it's how do you go about finding your prospective purchasers.

I wouldn't set any prices anywhere. Use Make Offer pricing. But one tip is I usually have set a Minimum Price, otherwise you are going to be bothered by tire kickers, quite a lot, IMHO.

Nice thought, buddy.
I and my staff have a meeting in the weekend, we discuss what we did in a week, then talk about the BIN price.
After that, i add my names on Efty (of course), then set BIN in Afternic and Sedo ( with BIN higher than my expectation price).
All works are marked in Excel Sheet. From Parking Domains to BIN in Afternic or Sedo .
The coolest thing to become a domainer is : i own my time and i own my mind. While my friends are crazy in their office, i'm sitting in a beach, breathing the sea, and being warmed by the sun. While my friends have to smile with their mad customers, i can ignore the one who i don' want to work with.
In South East Asian - where i live, income from Domaining is higher than working as a supervisor or a manager, and i can hire another staffs with low price to work for me .
If you are living in Western Countries or USA, yes it's hard to earn 100k in profit, so that the easier choice is working in big companies. But in a developing countries, income form Domaining can makes you live well.
I'm still losing my money in this industry - but it's a investment. Once i stop buying names and just pay the renewal fees, i can get more profit. But it's the future, now i must acquire as many good domains as i can. OF course with the profitable prices .

 

[Name Trader]

Finally. You should realize that ploughing thru the droplists is often a waste of time. For 2 reasons. 1) These drops mostly consist of other peoples failed domains. And 2) DropCatch have super refined this art so they are capable of catching 50% to 70% of all dropping domains which are caught on the drop.

We are not likely to beat them with our miniscule budgets. Or those buyers who also backorder the domain at DropCatch. But if you are the only backorderer, you win the domain outright for an initial bid of $59. You have to weigh that up against not using DropCatch and backordering at a cheaper backorder company, and not having any chance against the might of DropCatch, if a Buyer or HugeDomains have placed a bid at DropCatch for that domain (which is possible/probable?).

IMHO. If you are using any other dropcatch company you are gambling that neither any Buyer or HugeDomains are not bidding on the dropping domain. Any decent domain is going to be most likely gobbled up by DropCatch. You are reducing you chances of capturing any domain by not placing a backorder at DropCatch. IMHO.

 

[GeorgeQuang]

Finally. You should realize that ploughing thru the droplists is often a waste of time. For 2 reasons. 1) These drops mostly consist of other peoples failed domains. And 2) DropCatch have super refined this art so they are capable of catching 50% to 70% of all dropping domains which are caught on the drop.

We are not likely to beat them with our miniscule budgets. Or those buyers who also backorder the domain at DropCatch. But if you are the only backorderer, you win the domain outright for an initial bid of $59. You have to weigh that up against not using DropCatch and backordering at a cheaper backorder company, and not having any chance against the might of DropCatch, if a Buyer or HugeDomains have placed a bid at DropCatch for that domain (which is possible/probable?).

IMHO. If you are using any other dropcatch company you are gambling that neither any Buyer or HugeDomains are not bidding on the dropping domain. Any decent domain is going to be most likely gobbled up by DropCatch. You are reducing you chances of capturing any domain by not placing a backorder at DropCatch. IMHO.

Have't reg any Dropped Domains since last year .
The quality of Dropped List has been very poor since Drop Catch and NameJet started acquiring tons of Registrars to power up their Catching Power. Another reason is other registrars send their expired domains to GD or NameJet to get extra money than dropping them.

 

[Name Trader]

OK. It's no skin off my nose if you want to sell at BIN prices, providing you are making sales You might want to consider adding the Commissions of 20% by multiplying your BIN price by 1.25, except on Efty. Otherwise you are penalizing yourself.

I just prefer to have a minimum price to start the ball rolling. Of course with BIN pricing you are unlikely to have to deal with tirekickers

 

[Name Trader]

Have't reg any Dropped Domains since last year .
The quality of Dropped List has been very poor since Drop Catch and NameJet started acquiring tons of Registrars to power up their Catching Power. Another reason is other registrars send their expired domains to GD or NameJet to get extra money than dropping them.

So I guess that you are only hand registering domains? Yes? So why are you spending so much time going thru drop lists?

 

[GeorgeQuang]

OK. It's no skin off my nose if you want to sell at BIN prices, providing you are making sales You might want to consider adding the Commissions of 20% by multiplying your BIN price by 1.25, except on Efty. Otherwise you are penalizing yourself.

I just prefer to have a minimum price to start the ball rolling. Of course with BIN pricing you are unlikely to have to deal with tirekickers

Oh yes, I set the Minimum offer in Efty is $800, but some guys typed "800" on the price line and wrote " Hi, just want to buy this name for $200" on comment. So i ignored all of them .

 

[Name Trader]

Oh yes, I set the Minimum offer in Efty is $800, but some guys typed "800" on the price line and wrote " Hi, just want to buy this name for $200" on comment. So i ignored all of them .

Correct tactics, IMHO.

 

[GeorgeQuang]

So I guess that you are only hand registering domains? Yes? So why are you spending so much time going thru drop lists?

I'm buying domains from all sources : Auctions, Forum, Private, Dropped List ( last year). I'm a research man, not Hand-Reg man because i'm not a English native speaker. .
Take time to do research and determine the profitable prices .

 

[Name Trader]

I'm buying domains from all sources : Auctions, Forum, Private, Dropped List ( last year). I'm a research man, not Hand-Reg man because i'm not a English native speaker. .
Take time to do research and determine the profitable prices .

OK. That makes it clear and clears up my misunderstandings. But if you are not going thru the droplists any longer, you can save 81hrs of time, IIRC.

 

[GeorgeQuang]

OK. That makes it clear and clears up my misunderstandings. But if you are not going thru the droplists any longer, you can save 81hrs of time, IIRC.

.
Take too much time in Dropped List in the past, buddy. Furthermore, The time domains are dropped is in the midnight at my country.
Newbie joins this industry because he/she heard many stories of Buying a Name for 2$ (promote code) or 8$ then flipping it for at least 4 figures.
But it's too hard now. We must pay more to get good names.
Last year, when i prepared to list which domains would be added in DropCatch services, i did a research for Dropped List too. I figured out which one would not be added by another domainers, then using DesktopCatcher app to catch them. But after doing this process, honestly, lost time and money with a low income. So i quit.

 

[Name Trader]

After that, i add my names on Efty (of course), then set BIN in Afternic and Sedo ( with BIN higher than my expectation price).

I really don't see how setting a BIN higher than your expectation price helps at all in you selling any domains. Surely your would want to make the BIN the same as your expectation price. You could possibly be discouraging sales buy having a BIN higher than you expect to get from a domain. There is no negotiation if you have a BIN.

 

[TrueDN]

Research Research and Research, buddy.
Domainers are using 80% of working time to do research. And almost those steps are repeated steps. So that i hired a guy and tested. I taught him step-by step to research a domain name.
Honestly, in the first 2 weeks, what he did were poor, and i had to correct, fix his work sheet too much. I felt depressed. But i still believed what i was doing, so i try to fix and highlight and remark what he did wrong, then showed him how to did in the right way.
Now, i'm very happy. My staff can work independently. I send a list to him in the Morning, then i got back my List with fully research stats at night and then it's time to auction. Before hiring him, i worked on PC 14 hours/day just to research domains, now i online 8 hours, then spend the rest of time to chat with people from other business, learning new skills and reading news about domaining (maybe playing games - I'm a young man ).
If my career in Domaining goes well, i'll hire one more staff. But it's the future.
I asked some domainers, most of them told me that they were self-employee. I can work by myself, of course. But i will only know about Domain Industry if i do that. I want to build a real business, not a hobby or passive income, so i must think different. I must extend my portfolio, so i have to research more, then try to catch more names as cheap as i can. I don't have huge pocket like HugeDomain, so that i must work hard, finding a gem in tons of coal. To get good names with the cheapest price, you have to research very carefully. Other guys who has been success in their careers in other businesses can spend their money into domain field. They can lost 10-15k to learning, but i can not. I don't have enough money to do that, so i started learning by working in a Domain Ventures company, then trying to catch Dropped Names ( which just costed me 8.5$ for each). When i had enough knowledge, i joint GD Close out, then GD Expired. Now, my watching list contains all good/potential names in all Auctions.
Those mentioned things can not ensure that i will be success in domain industry. 95% of domainers lose their money without any profit. Maybe i will fail and get bankrupt in next month, next Summer. Who knows ? I just wanna do all my best in this journal. Maybe people told me i'm a Mad Man, maybe domainers told me that earning money in domain industry is harder than it used to be. Especially with the incommensurate competition between us - individual domainers against HugeDomain ( last night, i have 40 names in my watching list, but could not acquire any names due to their non-profitable price), but i still spend all i have to play this game. Maybe i will fail, but i will have great stories to tell my children.

Thanks for share, Quang. Chúc bạn thành công

 

[Name Trader]

.
Take too much time in Dropped List in the past, buddy. Furthermore, The time domains are dropped is in the midnight at my country.
Newbie joins this industry because he/she heard many stories of Buying a Name for 2$ (promote code) or 8$ then flipping it for at least 4 figures.
But it's too hard now. We must pay more to get good names.
Last year, when i prepared to list which domains would be added in DropCatch services, i did a research for Dropped List too. I figured out which one would not be added by another domainers, then using DesktopCatcher app to catch them. But after doing this process, honestly, lost time and money with a low income. So i quit.

What I do is I search for keywords on NameJet/SnapNames. It's way too tiresome looking for, searching/sorting keyword lists. I agree. Waste of time. Then I head over to NameCatch and place any $59 backorders on them. I don't backorder many domains.

 

[GeorgeQuang]

I really don't see how setting a BIN higher than your expectation price helps at all in you selling any domains. Surely your would want to make the BIN the same as your expectation price. You could possibly be discouraging sales buy having a BIN higher than you expect to get from a domain. There is no negotiation if you have a BIN.

Nope, just setting BIN for Afternic and Sedo. For Efty, just Make Offer.
for Example :
I listed CarrotCo.com on Sedo with BIN $2500 ( my expectation is $2000), then a company bought it.
I listed PattayaCondo.com on Afternic with BIN $2500, then a guy negotiation $1300, then i ignored.
I listed CalendarKing.com on Sedo/Afternic with BIN $2000 (I expected releasing it for may be $1400-$1500. Then buyer came and offered 1k, i told them " Oh no, we have BIN price on GD, Dynadot for $2000 . We are not Zeff Bezos of Amazon to discount 50% our domains. The last price is $1700 - Then they accepted).
Listing the higher BIN helps you to discount your price, and sometimes the releasing price is higher than your expectation price. If you luck, you would sell your names at BIN price.

 

[GeorgeQuang]

Thanks for share, Quang. Chúc bạn thành công

Người Việt hả .

 

[Name Trader]

Nope, just setting BIN for Afternic and Sedo. For Efty, just Make Offer.
for Example :
I listed CarrotCo.com on Sedo with BIN $2500 ( my expectation is $2000), then a company bought it.
I listed PattayaCondo.com on Afternic with BIN $2500, then a guy negotiation $1300, then i ignored.
I listed CalendarKing.com on Sedo/Afternic with BIN $2000 (I expected releasing it for may be $1400-$1500. Then buyer came and offered 1k, i told them " Oh no, we have BIN price on GD, Dynadot for $2000 . We are not Zeff Bezos of Amazon to discount 50% our domains. The last price is $1700 - Then they accepted).
Listing the higher BIN helps you to discount your price, and sometimes the releasing price is higher than your expectation price. If you luck, you would sell your names at BIN price.

Where/How are you selling these BIN domains at discounted prices?. Presumably it is not at the venue where you have set BIN prices, at Sedo & Afternic? Because there is no negotiation. I don't recall you mentioning GoDaddy or Dynadot before? Are they at BIN or Make Offer prices?

 

[TrueDN]

Người Việt hả .

Sure

 

[dnk]

In India, the government is wasting $100,000 annually or more of tax payer money to reduce the income of some domain investors to zero, to help google destroy competition, acquire talent, technology cheaply

 

[GeorgeQuang]

Where/How are you selling these BIN domains at discounted prices?. Presumably it is not at the venue where you have set BIN prices, at Sedo & Afternic? Because there is no negotiation. I don't recall you mentioning GoDaddy or Dynadot before? Are they at BIN or Make Offer prices?

Sedo and Afternic have their own sales team. The buyers can contact them to get lower price ( if they could).
Afternic has its negotiation option for BIN domain names.

 

[Name Trader]

Sedo and Afternic have their own sales team. The buyers can contact them to get lower price ( if they could).
Afternic has its negotiation option for BIN domain names.

Thanks. Do you also list at GoDaddy and Dynadot? You never mentioned that before. IIRC

 

[GeorgeQuang]

Thanks. Do you also list at GoDaddy and Dynadot? You never mentioned that before. IIRC

Just list on Afternic and Sedo, buddy. Then joining their Premium Listing Network, your domains will be displayed on 80% registrar's platforms in this industry.
If you list your domain in Afternic, your name will be in Dynadot, GoDaddy, eNom, NameCheap and so on.

 

[Name Trader]

Just list on Afternic and Sedo, buddy. Then joining their Premium Listing Network, your domains will be displayed on 80% registrar's platforms in this industry.
If you list your domain in Afternic, your name will be in Dynadot, GoDaddy, eNom, NameCheap and so on.

OK. Got it. But I thought Premium Network were at fixed prices? How do they negotiate at fixed prices? Or am I mistaken about the fixed prices?

 

[GeorgeQuang]

OK. Got it. But I thought Premium Network were at fixed prices? How do they negotiate at fixed prices? Or am I mistaken about the fixed prices?

Yes, but when adding a domain on Afternic, you can also add your minimum price to release your domain the buyer will not know about this price, just Afternic's sales team. Or you will receive an email form Sales team when you and your buyer could not agree about the price. They will ask you which price you can sell your name, then try to contact the buyer.