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Fulltime domainer i mean a domainer with his major source of income is from domains ,tell us how is your typical day and your portfolio size and sales.
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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 $$.what's the medium or average income of full time bloggers?
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.Once you get rich, you can invest in domains like a pension funds.
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There are many good website builders... wix.com - for example or SITE.PRO
So coding and designers are not necessary at all.
I don't know their income, but in the past I saw a blogger from Moscow who easily purchased some .RU domain for $10K.what's the medium or average income of full time bloggers?
It is the reason hugedomain keep most of their domain price within 3K. Again this policy require huge investment for lot of domains.I don't know their income, but in the past I saw a blogger from Moscow who easily purchased some .RU domain for $10K.
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.My policy for enduser sales: minimum high $xxx.
O.oI don't know their income, but in the past I saw a blogger from Moscow who easily purchased some .RU domain for $10K.
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%.O.o
thought bloggers couldnt afford domain. Have stopped targeted blogger names.
@AbdulBasit.com Also a full time domainer
@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?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 - 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.
That's remarkable... These are the same people supposedly running a country.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
Smart ideaOf 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
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.
Same here in VietNam, no tax duty and VAT tax for domain industry. And the living-cost is really low.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.
That one had me LMFAO!10. Go to court for divorce proceedings because my wife is leaving due to not having a JOB.
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?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...
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?