opinion I quit domaining

Bongs100 · Jun 4, 2018

Domaining is almost the same as playing lotto. I quit.

Year started domaining: 2016
Number of domains registered: about 40
Total spent on domains: +- $300
Number of domains sold: 1 (in 2017)
Total amount made in 2 years: $400
Profit: $100

Jason.tv · Jun 9, 2018

I don't blame you; .tv put me in cc debt for 6 years registering premium Tuvalu domains from the drop at whatever Verisign chose as a reprice.

Weber · Jun 9, 2018

You can't leave out the currently sorry state of the resell market out of this conversation.
Lousy market, lousy sales.

lambo.com · Jun 9, 2018

when you have (or through domaining have made), > $ tens of thousands, you don't hand register domains, you are discerning and it becomes about buying bonafide domain name assets - not domain name speculative fluff.

Quality is expensive. Quality is not guaranteed to sell for end user prices. Quality > Quantity.

PeakDots · Jun 9, 2018

-EM- said:
If you can quitting is the best choice. I tried but I couldn't

It is quiet addicting, right?

Jason.tv · Jun 9, 2018

NameSplice said:
It is quiet addicting, right?

Try crypto

PHILIPPE RAVEL · Jun 9, 2018

DefinitelyDomains said:
Not the thread to be advertising your names.

I know but I replied to Doctor Jacoby.

PHILIPPE RAVEL · Jun 9, 2018

Kate said:
Then you are doing it wrong.
If you've been losing money for that long, you should have quit a long time ago, or adjusted yourself.

Perhaps you fell in love with your domain names (another trap). And you are comparing yourself to domainers who have big portfolios, so statistically they of course tend to make more sales. But those sales are not representative at all. Doesn't mean they could consistently sell bad domains.

Do you think they sell all their domains for big bucks ? Seriously. No, they only sell a very tiny percentage of their inventory on a yearly basis. Maybe 98% remains unsold and has to be renewed (expensive) or dropped (loss).

Again, if you are not making sales, it's your fault only.

I have to say you're also right.
At the beginning I bought domains very hard to sell.
I did not know the market.
Now I have a big portfolio with valuable domains.
So maybe I will try again during 1 year.
If It does not work again I will give up.
Thank you so much for your comment.
Kind Regards.
Philippe

PHILIPPE RAVEL · Jun 9, 2018

golan said:
Well, can you imagine any business that would want to name themselves Coffee Brunch or Crypto Technicians? I can imagine literally zero. Sorry.

You're right for these 2 domains.
But I have EMD domains (2 word .com) which are exact listed categories on AMAZON and I don' t manage to sell them...
So ?????

john_karr · Jun 9, 2018

Can you list some of your domain names?

Bongs100 said:
Domaining is almost the same as playing lotto. I quit.

Year started domaining: 2016
Number of domains registered: about 40
Total spent on domains: +- $300
Number of domains sold: 1 (in 2017)
Total amount made in 2 years: $400
Profit: $100

golan · Jun 9, 2018

PHILIPPE RAVEL said:
You're right for these 2 domains.
But I have EMD domains (2 word .com) which are exact listed categories on AMAZON and I don' t manage to sell them...
So ?????

This is different. From my experience, Amazon sellers wouldn't buy their category domains neither inbound nor outbound. I don't know why. Whenever i have time and budget, i develop such domains myself. You can sell profitable sites for much much more than domains.

elevator · Jun 9, 2018

I have read on domainsherpa about a domainer who lost $300,000 on domaining because he failed to learn before embarked on buying and regging domains. But after then he became a profitable domainer.

If it is because of your loss that you are tending to quit; well it is not a good excuse but if you are saying of lack of experience before buying domains; that should be your fault, because domaining is like every other good business where you need to learn before embark on spending your money.
Just cool down and learn more better strategies before regging or buying any domain again.

Everybody here has a peculiar bitter story to tell you before becoming profitable.

Well! I wish you good luck in which ever steps you decided to embark upon.

frank-germany · Jun 9, 2018

PHILIPPE RAVEL said:
You are right.
I will do the same thing.
I have nice 2 word domains like "CoffeeBrunch.com" and I cannot sell them even for $150.
After you look at Namebio or DNjournal and you realize that domains like yours or less nice than yours are selling for over $5K.
It's always the same thing.
The domainers with a name like Schwartz, Chilling, Mann and others are selling domains with big prices even sh*t names..
And you you cannot sell EMD domains.
Example:
I don' t manage to sell "CryptoTechnicians.com" for $300 .
These domainers will be able to sell It for over $10k !!!!!!!
It's a big scam.
I am fed up with all this sh*t.
I am gonna to quit this sh*t business...

NOTE: I began in 2007 (over 10 years) and I lost over $30,000 !!!!!

good buy

that was not easy.

Kate · Jun 9, 2018

PHILIPPE RAVEL said:
Now I have a big portfolio with valuable domains.

You sure about that ? And how big ? Big means big renewal fees. They have to be offset by sales revenue.
Domainers all think they have outstanding names and they are very often infatuated with their portfolio. But it's up to the end users to judge.
At least 99% of registered names have no resale value anyway, and will never sell.

If you have great names, then you should receive inquiries and unsolicited offers from time to time. If you never received any in 10 years, then your names suck or are just too niche to sell.

elevator said:
I have read on domainsherpa about a domainer who lost $300,000 on domaining because he failed to learn before embarked on buying and regging domains. But after then he became a profitable domainer.

I think you're talking about A Rosener.
But indeed, I would guess the majority of successful domainers have lost money in the beginning. You have to learn from your mistakes, the sooner the better.
So if you lose money in the first year, it doesn't mean you will never be a good domainer. You have to learn from your mistakes (and the mistakes of others), you have to learn what kinds of names end users want, and then acquire the right type of inventory. Inventory is what drives sales.
Everything else is details.

DOMAIN ILLUMINATI · Jun 9, 2018

From a statistical viewww its definitelyyy a good decision to quit domaining.
If you want to stay, you better ignore statistics.

Mahouni · Jun 9, 2018

Jumping the ship is never a choice I look down upon. Good luck in future!

elevator · Jun 9, 2018

Kate said:
I think you're talking about A Rosener.
But indeed, I would guess the majority of successful domainers have lost money in the beginning. You have to learn from your mistakes, the sooner the better.
So if you lose money in the first year, it doesn't mean you will never be a good domainer. You have to learn from your mistakes (and the mistakes of others), you have to learn what kinds of names end users want, and then acquire the right type of inventory. Inventory is what drives sales.
Everything else is details.

I was talking about the fish monger, but I can't remember his name right now, It was a very sad story and very interesting at the end of the story.
Yap that is domaining for you. When it hit you hard you don't run and you gonner hit it back heavily. Yap it should be kind of A tit for tat!

4better · Jun 9, 2018

The difference in winning and losing is most often... not quitting.

PHILIPPE RAVEL · Jun 9, 2018

golan said:
This is different. From my experience, Amazon sellers wouldn't buy their category domains neither inbound nor outbound. I don't know why. Whenever i have time and budget, i develop such domains myself. You can sell profitable sites for much much more than domains.

Thank you for your advice.
Best.

PHILIPPE RAVEL · Jun 9, 2018

Kate said:
You sure about that ? And how big ? Big means big renewal fees. They have to be offset by sales revenue.
Domainers all think they have outstanding names and they are very often infatuated with their portfolio. But it's up to the end users to judge.
At least 99% of registered names have no resale value anyway, and will never sell.

If you have great names, then you should receive inquiries and unsolicited offers from time to time. If you never received any in 10 years, then your names suck or are just too niche to sell.

I think you're talking about A Rosener.
But indeed, I would guess the majority of successful domainers have lost money in the beginning. You have to learn from your mistakes, the sooner the better.
So if you lose money in the first year, it doesn't mean you will never be a good domainer. You have to learn from your mistakes (and the mistakes of others), you have to learn what kinds of names end users want, and then acquire the right type of inventory. Inventory is what drives sales.
Everything else is details.

I just hand registered dropped domains.
A lot of domains were over 14 years old.

Example:

GraphicsProcessor.com

etc...

I can wait ...

Best Regards.

Jurgen Wolf · Jun 9, 2018

Bongs100 said:
Domaining is almost the same as playing lotto. I quit.

Year started domaining: 2016
Number of domains registered: about 40
Total spent on domains: +- $300
Number of domains sold: 1 (in 2017)
Total amount made in 2 years: $400
Profit: $100

This is not a domaining at all... just some activity for fun...
Real/mature domaining starts from 1K domains...

DrJacoby · Jun 9, 2018

elevator said:
I was talking about the fish monger, but I can't remember his name right now, It was a very sad story and very interesting at the end of the story.
Yap that is domaining for you. When it hit you hard you don't run and you gonner hit it back heavily. Yap it should be kind of A tit for tat!

https://www.domainsherpa.com/andrew-rosener-300k-interview/

shig · Jun 9, 2018

I consider myself a domainer/end-user. I have paid end-user pricing for domains I have to have but have also built a portfolio of valuable domains I have a plan to build out or sell depending on offer/situation. I don’t recommend buying to sell but rather buying domains you understand the market for and leaving the option open to sell. My strategy has been to get into a niche market I know. I do this because I have an advantage in knowledge and it allows me to build a template that can be reused across multiple domains. Buying random domain names to resell is a risky investment imo. Buying property to build on is less risky but still leaves the door open for offers on your unused land if you can’t refuse the return.

domainer111 · Jun 9, 2018

Bongs100 said:
Domaining is almost the same as playing lotto. I quit.

Year started domaining: 2016
Number of domains registered: about 40
Total spent on domains: +- $300
Number of domains sold: 1 (in 2017)
Total amount made in 2 years: $400
Profit: $100

While this is clearly a game of words and language, it's also a game of Math. With volume domaining, sales are a function of quantity.

You need 2% sales rate per annum, this is the average standard rate at which to make a profit.

Taking an average holding of 25 over the two years (which could be wrong) with a few scenarios:

Year One:
0 / (25) = 0%
Year Two:
1 / (25) = 4%.
1 / (35) = 2.86%.
1 / (40) = 2.5%.

In Year Two in all scenarios you are ahead of the average.

I get the feeling that you think the sale was an outlier, and the rest have little chance of selling...but Year Two says you are above the average if that calc. is correct.

elevator · Jun 9, 2018

DrJacoby said:
https://www.domainsherpa.com/andrew-rosener-300k-interview/

Cool! thank for the link, I could n't remember the name any more.

So @Bongs100 you can see what I mean. Be a patient dog and wait to eat fat bones

ValleyRock · Jun 10, 2018

There is a lot of bullshit outside. So many people bullshit. Many make a job, a process or a system more complicated to stay relevant or for some unidentified end.

You need to depend on yourself and learn to work on your self evaluation of people and circumstances.

Stop drinking the cool aid. The solutions to your problems are out there, but you will have to find them yourself. You will have to read a lot and most of all learn the ultimate rule; when money is involved assume everyone's motive is get as much of it as possible - deserving or otherwise.

So, what am I saying: simple doubt everything they tell you, only have interest in what they do or are doing and then ask "who gains the most from this action".

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