Any full time domainers here?

bluemeteor said:

what's the medium or average income of full time bloggers?

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I think only 10% or less make over $10k a month. But if you have a successful blog site and monetize on youtube also and have a lot of followers more $$.
Take foodbeast for example. When they goto panda express and make a youtube video with a professional eater to see how much food she can eat. You think it is just fun and they just picked panda express randomly? No panda express paid them to do a show.

@AbdulBasit.com Also a full time domainer

GeorgeQuang said:

Once you get rich, you can invest in domains like a pension funds.
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I'm not sure domains can be used as a pension fund because they don't seem like an investment with that long time horizon. With the continued exponential growth of a lot of technologies I feel like there's a good chance the world wide web and dns system in their current form will be supplanted by something else before they can provide you with retirement income.

Jurgen Wolf said:

There are many good website builders... wix.com - for example or SITE.PRO
So coding and designers are not necessary at all.

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I wouldn't have a clue about building websites etc but i was told by someone who builds websites for s living that everything is available now no need to know about coding etc as you just add this that and the other to your website depending on your website preferences. Etc

Income from website is another story, more than 97% website cannot earn their domain renewal and hosting cost and developing website can cost you priceless time and money both, if fail.

Professional and full time domainers are bidding xxxx - xxxxxx figure for domains, while I am typing this.

In my opinion those domainers who are buying xxxx - xxxxx figure domains regularly. They are most probably full time domainers.

My tips, if you want to become full time domainer
1) Do not hand reg. it will cost money and renewal and on the other hand those domains sell if you lucky. Only exception if you find something solid (please dont daydream).
2) Do not reg. several domains for in the hope of far future sell, again it will cost reg. fee and renewal.

What! Without domain how can I become a full time domainer?
3) No problem there are many domainers who already regged. reserved domains for you.
4) Wait for right time and right trend and at the right time and while trend is hot purchase domains from other half time domainers.
5) Purchase quality names, it will sure sell with huge profit or at lease with little bit profit if you select right one.
6) Right price buy and sell is most important.
7) Repeat the circle. Please keep in mind, only buy solid domains.

bluemeteor said:

what's the medium or average income of full time bloggers?

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I don't know their income, but in the past I saw a blogger from Moscow who easily purchased some .RU domain for $10K.

Jurgen Wolf said:

I don't know their income, but in the past I saw a blogger from Moscow who easily purchased some .RU domain for $10K.

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It is the reason hugedomain keep most of their domain price within 3K. Again this policy require huge investment for lot of domains.

My policy for enduser sales: minimum high $xxx.

Jurgen Wolf said:

My policy for enduser sales: minimum high $xxx.

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As per my experience this policy is not bad. But this policy not for everyone. It require lot and lot of personal experience as end user sale data is rarely available.

Jurgen Wolf said:

I don't know their income, but in the past I saw a blogger from Moscow who easily purchased some .RU domain for $10K.

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O.o
thought bloggers couldnt afford domain. Have stopped targeted blogger names.

bluemeteor said:

O.o
thought bloggers couldnt afford domain. Have stopped targeted blogger names.

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Please notr only top bloggers. They can afford more than 10K domain easily even 100K if they want it badly. But bad news for you their population is less than 1%.

Regarding domain blogs...
I think, that Michael Berkens makes some 5F/mo on his TheDomains.com
This is possible definitely.

Coinking said:

@AbdulBasit.com Also a full time domainer

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Thanks for the mention.

Yeah, I'm full time domainer for almost a decade now. The main reason behind full time is the cost of living in my country. For a single, it costs less than $200 to live a very happy life. For myself with a family of 5, the cost varies depending on the standard of life one wish to live. Couple of grands are enough to live a good life here excluding all domaining expenses.

Another big advantage is domain income is tax-free!

Last but not the least, my wife has always being supportive and we together operate this business.

AbdulBasit.com said:

Thanks for the mention.

Yeah, I'm full time domainer for almost a decade now. The main reason behind full time is the cost of living in my country. For a single, it costs less than $200 to live a very happy life. For myself with a family of 5, the cost varies depending on the standard of life one wish to live. Couple of grands are enough to live a good life here excluding all domaining expenses.

Another big advantage is domain income is tax-free!

Last but not the least, my wife has always being supportive and we together operate this business.

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@AbdulBasit.com - Are you sure domain income is tax free in your country? .. I wouldn't think so. I'm sure Pakistan taxes business income right?


I'm also full time and report business income just like any other business.

Josh R said:

@AbdulBasit.com - Are you sure domain income is tax free in your country? .. I wouldn't think so. I'm sure Pakistan taxes business income right?


I'm also full time and report business income just like any other business.

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Of course I'm sure about it. Domain income is must to be shown but is nontaxable. There are taxes on every other business and even on IT sector including software houses, etc. The only reason I can think off about domain income being tax-free is the people on top have no idea about what domains are and how the income is generated. Even most of the common people here don't even know the word "domain", let alone understanding about it

AbdulBasit.com said:

Of course I'm sure about it. Domain income is must to be shown but is nontaxable. There are taxes on every other business and even on IT sector including software houses, etc. The only reason I can think off about domain income being tax-free is the people on top have no idea about what domains are and how the income is generated. Even most of the common people here don't even know the word "domain", let alone understanding about it

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That's remarkable... These are the same people supposedly running a country.

Good for you though

Interesting. If it's run as a business, the income is taxable, simple rule of thumb. Just because the business is not classified under conventional heads (as in Software, Legal, Manufacturing etc) doesn't absolve it from paying taxes. But each to his own.

AbdulBasit.com said:

Of course I'm sure about it. Domain income is must to be shown but is nontaxable. There are taxes on every other business and even on IT sector including software houses, etc. The only reason I can think off about domain income being tax-free is the people on top have no idea about what domains are and how the income is generated. Even most of the common people here don't even know the word "domain", let alone understanding about it

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Smart idea

domainventure said:

Interesting. If it's run as a business, the income is taxable, simple rule of thumb. Just because the business is not classified under conventional heads (as in Software, Legal, Manufacturing etc) doesn't absolve it from paying taxes. But each to his own.

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That doesn't mean I shall enforce the concerned authority to make domain income taxable
Several years back, there was no tax at all on entire IT sector. The reason was to promote IT business in our country. Once the goal was achieved, tax was implemented.

Below is excerpt from tax regulatory body of our country:

As per this Tax Exemptions clause 133 of Income tax ordinance 2001, amended 2017, there is a tax holiday for exports of software or IT services or IT enabled services till 30th June, 2019 as long as 80% of the earned money comes in via normal banking channels.

As far as I'm concerned, almost all funds come via banking channel. The drawback is we don't have PayPal in our country. The reason PayPal give is we don't have good system against money laundering which is purposely not implemented as almost all top level government officials are involved in money laundering...

AbdulBasit.com said:

Thanks for the mention.

Yeah, I'm full time domainer for almost a decade now. The main reason behind full time is the cost of living in my country. For a single, it costs less than $200 to live a very happy life. For myself with a family of 5, the cost varies depending on the standard of life one wish to live. Couple of grands are enough to live a good life here excluding all domaining expenses.

Another big advantage is domain income is tax-free!

Last but not the least, my wife has always being supportive and we together operate this business.

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Same here in VietNam, no tax duty and VAT tax for domain industry. And the living-cost is really low.
So selling a $2k name/month is higher than a manager's salary.

urljunky said:

10. Go to court for divorce proceedings because my wife is leaving due to not having a JOB.

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That one had me LMFAO!

AbdulBasit.com said:

That doesn't mean I shall enforce the concerned authority to make domain income taxable
Several years back, there was no tax at all on entire IT sector. The reason was to promote IT business in our country. Once the goal was achieved, tax was implemented.

Below is excerpt from tax regulatory body of our country:

As per this Tax Exemptions clause 133 of Income tax ordinance 2001, amended 2017, there is a tax holiday for exports of software or IT services or IT enabled services till 30th June, 2019 as long as 80% of the earned money comes in via normal banking channels.

As far as I'm concerned, almost all funds come via banking channel. The drawback is we don't have PayPal in our country. The reason PayPal give is we don't have good system against money laundering which is purposely not implemented as almost all top level government officials are involved in money laundering...

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This is interesting. So, what I understand is since the Income Tax rule is silent on 'Income from Domain sales', it is considered/ assumed tax free. Am I right?

Vimal Kumar said:

This is interesting. So, what I understand is since the Income Tax rule is silent on 'Income from Domain sales', it is considered/ assumed tax free. Am I right?

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Right. At least until 30th June, 2019... Legally

Makes sense. Since it is not exclusively mentioned, it comes under the subset of 'IT Services' which, is tax free till June 2019. Cool!