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There's no money in domain names... this industry full of bullsh*t.

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there's no money in domain names.. this industry full of bullsh*t.
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
Are you sure there's no money in domaining? I mean, TakeOnToday.com was sold for $7,499 in 2018-01-13...
 
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There's no money in domain names ... then why are you a member of this forum?
 
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Perhaps you are better off asking for help rather than calling an industry a lie...
 
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there's no money in domain names.. this industry full of bullsh*t.

You expect to get support in a domain forum with statements like this?
 
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The industry is rife with bull%$%$ and is true as how many emails do you have in your in box suggesting you renew a domain with a service provider you never heard of. However those that say there is no money are buying the wrong domains. I turn down offers weekly that you would probably jump at. I also consistently delete poor judgments and move on.
 
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Find something else to do while you wait for offers to come, and if they never come, move on to other domains. Or bitcoin. That'll give you fast returns... and a rollercoaster of a life.

What? Dealing in domains isn't roller-coaster lifestyle enough for you? :)

It took me almost 4 years before I got my first $xK domain sale. Now that's either the patience of Job, or as foolhardy as Charlie Chaplain. I prefer to think of it as the patience of Job :)
 
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Now I need to have a discussion with my accountants. They have been lying to me for so many years.

How many accountants have you got? O_o?
 
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There is no money in Domaining, then call the Namebio to take off this stats

Screenshot_2018-02-10-17-05-53-396_com.android.chrome.png



Or You are missing this thing,

IMG_20180210_171053.jpg
 
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I would agree that some reported sales do not appear to be legit domain investor to third party sales - just hype to pump domain registrations or auction activity. It would be interesting to see an estimate of how much domain investors spend collectively on acquisitions and renewals vs end user sales. If you exclude the top 2% of investors i.e. Schwartz, Schilling, Berkens, etc unfortunately I do not believe the industry (excluding registrars and auction platforms) would show a profit.
 
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I agree with you all many parts of this industry are full of it, and people are trying to sell you a hoop dream, or picks and shovels to extract crapola. You are right to a degree.

I can understand your frustration, being able to see how the industry changes year over year, I feel many are overpaying for inventory, which is going to cause more remarks like yours down the road. Deal work enough end users, and you kind of get a feel for what can be expected, and extracted.

To a degree much of this business is like educated gambling, you do need a lot of capital, as companies like huge domains is not leaving much of the way of scraps anymore, and auctions are more aggressive than ever.

You know what there are many other industries out there that might not be as stressful, if you find domaining just doesn’t have it for you, no harm in moving on.
 
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1,000 plus posts since November, imagine if you would have invested that same amount of time studying the market you love the most and finding value to give your customers?
 
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I could be richer but I keep declining $xx,xxx and $x,xxx offers on sub $100 acquisitions :pompous:
 
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there's no money in domain names.. this industry full of bullsh*t.

Certainly, there is. Otherwise, this domain industry won't be filled with domain investors. There's always money if one is just smart enough on how to deal with it. People think that garbage is useless and worthless but then garbage is a thriving business with many big companies capitalizing on it because there is money. In short, one has to learn the trade with patience and perseverance and be smart. If one finds no money in domain names it only means one thing... he has not yet fully learned the trade well.
 
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I could be richer but I keep declining $xx,xxx and $x,xxx offers on sub $100 acquisitions :pompous:
I would love to hear about your 5 figures declines on sub $100 acquisitions, I think we all would, especially in the plural sense.

I think you kind of constitute the bs
portion of his comments, if you can’t back up your statements.
 
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The opportunity to acquire domain names and sell them for a profit is alive and well. However, there are plenty of "opportunities" out there and domain names might not be the right opportunity for you.

I would love to see your business plan because disappointing results can usually be attributed to mistakes in your calculations or projections or just plain old bad products.

For me, domain investing is business. I treat it very seriously, and for me, I don't feel my business objectives are affected much by what other people say or how other people run their businesses. I simply run a profit...period. My annual sales and revenues exceed my expenses. That ensures the longevity of my domain business. It's that simple for me.

I enjoy the forum for relationships, I enjoy hunting for bargains, and I benefit from the experiences others share. I manage my budget, my websites, my renewals, etc. It's a huge job, but I focus heavily on managing my inventory and making sure it is readily available for potential customers. I also spend a great amount of time reading and researching.

Bottom line is that, without knowing much more about you, your experience, your plan, your objectives, your budget and so on, there is little I or anyone can do to offer assistance.

There will always be winners and always be losers. The losers usually didn't understand the true complexity involved in creating a successful business around domain names. The winners are everyone else.
 
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No, you are pointing your failure towards the entire domain industry.
 
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@Kate the voice of reason...I just made $50 profit on domaining yesterday...easy does it.
 
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I would agree that some reported sales do not appear to be legit domain investor to third party sales - just hype to pump domain registrations or auction activity. It would be interesting to see an estimate of how much domain investors spend collectively on acquisitions and renewals vs end user sales. If you exclude the top 2% of investors i.e. Schwartz, Schilling, Berkens, etc unfortunately I do not believe the industry (excluding registrars and auction platforms) would show a profit.
All the people you mentioned here accumulated the bulk of their portfolio wealth pre 2005.
 
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Actually there are many issues, I was asked to produce my findings regards registrar monopoly's which would instantly cost any registrar their icann accreditation. Fasten your seat belts. It's here in pdf format the links in it are interesting reads too. Notice the dates 2009 iCann was non profit then with the new gtlds coming now all of a sudden they are not..
 

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Not with that kind of attitude there won't be.
 
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thread closed. good luck to all of us.
 
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