Shawn Haghnazari
Established Member
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I was wondering if people actually make a living solely on buying and selling domains.
You can also flip "land" lucratively if you 1) buy the RIGHT names+ 2) wait the right amount of time + 3) negotiate strong and well.How do you make money when you buy land?
1) buy it
2) build on it
3) sell it
Just buying and selling land can take decades to profit from. Buying land, building something on it and selling is much quicker and can be more profitable. Imo domains follow the same rule.
in trying to clarify something you made an unrealistic comparison. $100K for a vacation is surely for the few rich people. $100K income/year is great for the vast majority of people in the world.
IMO, the people who can/are living off domains mainly first of all are keeping a low profile. Why wouldnt you when ur controlling $millions of domain assets?
If this was 2006 that would be a good idea. Nowadays, it is a Herculean effort to make a good site that makes any money. You need an entire company to do this now. Developer, SEO, social media, and tons of hours and lots of money. I have never met anyone in the last 10 years who can do this successfully. Kind of like UFO's and smart blondes.
Yup.... Mike Mann and Rick Schwartz are keeping a pretty low profile
Well both of them are very well off domainers, but they are also celebrity domainers. Just sayin..lolYup.... Mike Mann and Rick Schwartz are keeping a pretty low profile
Legend.I used to.
Well both of them are very well off domainers, but they are also celebrity domainers. Just sayin..lol
Even in US $100K/ year is great income for 1 person. highest income ta x bracket starts at around $125K and above, so that tells u what IRS considers common man "rich".FYI 60% of US population makes $50Kyear or less. $100K/ year anywhere is at least good money. Biut if ur a westerner who thinks and believes they can afford every comfort on earth, yes, $100K/ year aint that good.You say it's enough for the majority in the world and you are probably right... ie china, india etc.
However in North America it would be a hard thing to feed a family and provide housing for 100k. I know in my area of the world you cannot rent an apartment for under 2k per month much less buy a car and make a living.
Even in US $100K/ year is great income for 1 person. highest income ta x bracket starts at around $125K and above, so that tells u what IRS considers common man "rich".FYI 60% of US population makes $50Kyear or less. $100K/ year anywhere is at least good money. Biut if ur a westerner who thinks and believes they can afford every comfort on earth, yes, $100K/ year aint that good.
Yes, and superb point.@Addison
Not all hard work pays large dividends. There are some, that work their ass off day in, day out, for a meager living, valuing other benefits over money.
I believe (hope) you were referring to how hard you work in relation to domaining. Completely agree, we get what we we're willing to put in.
Precisely to answer your question ; I will say yes, capital YES. But this is quite based on experience. and available cash for the business. I f you have the good knowledge of the business you can fully dependent on domaining wherever you are in the world.I was wondering if people actually make a living solely on buying and selling domains.
How do you mean?No, no one makes that much!
May I learn the size of your portfolio?I live in Vietnam, where people can live well with only $200/month. The Director salary here is just $2000/month.
Selling more than $40k this year (2% of my portfolio - which cost me only $1500 for those).
I could reach at least $55k sales in 2018 if i accepted all offers - but i don't have to do that.
Of course that all my profit is turned into inventory - 98% domain was not sold.
But they are good .COM domains and i could hold them for a long term.
I'm planning to reach $150k in 2019.
When i posted my entire portfolio in early 2018, people laugh and someone said i would earn only $5k yearly with this type of portfolio.
So the key factor is : keep learning, keep working, keep fighting and don't complain, don't explain.
You don't have to listen or think about people's thought.
You have to build your own strategy, your own plan. Everyone has their own resources (Time-Money-Skills) so their strategies are different, you could not win this game if you just only copy another guys tactics ( i've seen many domainers bought tons of names that similar to a domain that had been sold in the past).
I have a 5-years plan - all my profit would be turn into domains. I'll buy at many quality domains as i can in 5 years.
But if you live in Western Countries, it's really hard to become a full-time domainer. You have to pay tax, insurance. Your wife needs cosmetics and your kids need braces.
It takes more than 3 years to get $100k if you do right and work really hard.
1000 usd/month is not easy. If it is easy then repeat what you are doing and make 10k per month. I consider myself as a professional domainer, but I can't guarantee profit. You can handreg domains with 5 figure potential. But among 100 potential buyers, noone buys even if you sell for 1 percent of actual value. I can anticipate other drivers' plans when driving, next move of the opponent when playing chess, but outbound emails are sent to plants and plants don't have any sense or emotion or reaction.
It looks like I made a profit in the second half of this year, but profit is in terms of domains, not in terms of cash, and those domains need renewal. Those domains can sell for a million theoretically, but I can't guarantee they will sell for 1k quickly.
I live in Vietnam, where people can live well with only $200/month. The Director salary here is just $2000/month.
Selling more than $40k this year (2% of my portfolio - which cost me only $1500 for those).
I could reach at least $55k sales in 2018 if i accepted all offers - but i don't have to do that.
Of course that all my profit is turned into inventory - 98% domain was not sold.
But they are good .COM domains and i could hold them for a long term.
I'm planning to reach $150k in 2019.
When i posted my entire portfolio in early 2018, people laugh and someone said i would earn only $5k yearly with this type of portfolio.
So the key factor is : keep learning, keep working, keep fighting and don't complain, don't explain.
You don't have to listen or think about people's thought.
You have to build your own strategy, your own plan. Everyone has their own resources (Time-Money-Skills) so their strategies are different, you could not win this game if you just only copy another guys tactics ( i've seen many domainers bought tons of names that similar to a domain that had been sold in the past).
I have a 5-years plan - all my profit would be turn into domains. I'll buy at many quality domains as i can in 5 years.
But if you live in Western Countries, it's really hard to become a full-time domainer. You have to pay tax, insurance. Your wife needs cosmetics and your kids need braces.
It takes more than 3 years to get $100k if you do right and work really hard.
I have tried building little sites just for possible resale value. Never sold any but spent a lot of wasted time. I would say that is an impossible and fruitless endeavor.Lol very true but even just building something simple on a domain gives the seller more power when an end-user comes looking to purchase.
If you are that successful you are not only in the top 1% you are in the top .01% or perhaps .001%. Can I ask how many years, how many hours spent plus your budget for acquisitions and renewals?Do you make a living selling domains?
I have wealthy friends, and I make more than all of them from selling domains and nothing else. I am in the top 1% thanks to selling domain names.
The catch? I’ve worked harder than 99% of you for many, many, many years. This is the reward. Until you work that hard for that long (do you have it in you?), you will not see the same results. That's the hard truth.
This is what separates people like me from 99% of the world: hard work. It's the same in this business.
Kudos to @Ali for his post. Saved me time of typing it myself.
I live in Vietnam, where people can live well with only $200/month. The Director salary here is just $2000/month.
Selling more than $40k this year (2% of my portfolio - which cost me only $1500 for those).
I could reach at least $55k sales in 2018 if i accepted all offers - but i don't have to do that.
Of course that all my profit is turned into inventory - 98% domain was not sold.
But they are good .COM domains and i could hold them for a long term.
I'm planning to reach $150k in 2019.
When i posted my entire portfolio in early 2018, people laugh and someone said i would earn only $5k yearly with this type of portfolio.
So the key factor is : keep learning, keep working, keep fighting and don't complain, don't explain.
You don't have to listen or think about people's thought.
You have to build your own strategy, your own plan. Everyone has their own resources (Time-Money-Skills) so their strategies are different, you could not win this game if you just only copy another guys tactics ( i've seen many domainers bought tons of names that similar to a domain that had been sold in the past).
I have a 5-years plan - all my profit would be turn into domains. I'll buy at many quality domains as i can in 5 years.
But if you live in Western Countries, it's really hard to become a full-time domainer. You have to pay tax, insurance. Your wife needs cosmetics and your kids need braces.
It takes more than 3 years to get $100k if you do right and work really hard.
May I learn the size of your portfolio?
Portfolio size : 800Can you share more details on your success? Total amount of names? Cost of acquisitions? Sell through rate? > or < than 2%, and what marketplaces?
This is my story
impressiveI have total three businesses since 12 years but i didnt started altogether my rule is alway run first business and set on autopilot then go for second so now domaining is my 4th business and 3 still running i started domaining since march 2018 after alot struggle and losses finally i m improving in domaining... so if my domains doesnt sale i have my income alreasy through other businesses like himalayan salt export apparel stocklot exports and used clothing export
But in last two month i earned 12k usd from just 500 usd domains...so i guess if you have support of othet businesses then domaining is gold...
I live partially in dubai and partially in pakistan here and there
But i m not giving attention to my last three businesses as they are controlled by brothers now amd i m just focusing on domains as soon this will be up for sure then my brothers will join me too in this as group of investors.
We invested till yet 30k usd and going more deep
This is my story