IT.COM

report $50 to $5k journey of 2 years

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Hi All,

Today i have completed 2 years into domaining. I started of with domaining on 3rd October 2016. I was aware about domaining since 2012 but finally ventured into the same in 2016.

Investment was never an issue but i have done multiple online ventures in the past and suffered heavy losses in the same. So i have decided in very beginning that domaining would start with 0 investment for me and would continue only if i make income out of it.

Luckily during that time bigrock.com was running a promo offer of $.2(Rs. 12) for .net domains . I invested $50 and purchased 200 .net domains during the promo offer. Instantly made 10x within a month and made a net profit of $450. In reality i got into domaining seeing the sales figure of old timer domainers and felt i too would make millions in very short span of time and soon realized what a fool i was

Soon i realized that domaining is not a get rich scheme and majority of guys are struggling to even cover their renewal expenses , leave aside earning millions.Being from India I purchased lots of .in domains from namepros as well as hand registered but at the end of the year i dropped most of them and realized that .com is the safest and best investment. Somewhere around end of December 2016 I came to know about namepros.com and joined the same. Namepros is goldmine of information but it is difficult for newbies to learn and take guidance as too much of information and variety of thought process are there in namepros.

Around march 2017 i started reading daily recommendation of @Avdomains and that was a game changer for me. I picked up around 100 .com domains as per suggestion of @Avdomains during promo offer of Nettigritty.com for $3. There was no sales between April 2017 till October 2017 and i decided to give up domaining. In meanwhile i learned about the concept of outbound and developed interest in the same. I personally tried outbound for 3 months but didn't achieve much success as too much of manual work was involved and it was much more difficult than it was projected to me. In the initial phrase there was no one to teach me or guide me regarding outbound so naturally it was hell of a journey.

I decided to give a final shot and finalized to hire a team for outbound. I earlier had a back office operation so i had office and computer set-up available. Finally hired 3 team members and started off with outbound. There was no response for first 30 domains and received price inquiry on 31st domain but the deal didn't close. 20 days passed and there were no sales. Finally on 21st day i received price inquiry for my 51st domain. Domain name was isbnbarcode.com. I was happy to sell it even for $99 as just wanted to experience my first sale but randomly priced it for $499. Luckily client agreed and deal closed on the same day which was sort of unbelievable for me as i acquired the same for only $3. After that i didn't had any sale for next 10 day.

Finally had few sales in first week of December and i was relieved from the tension of paying salaries to my team members. In December i opened account at namejet.com even though i applied in July itself. In December i had few sales in Namejet.com and i was relieved. I made a blunder and listed few domains of my friend in my namejet.com account which was a big mistake. 10 domains totaling $4k sold via namejet in January , out of which $3k was for my friend's domains. After the closure of auction namejet team contacted me and asked me to transfer domain to enom which i happily obliged and transferred all my domains to enom. However my friend had some other motive and he didn't transfer his domains and blocked me from all sort of communications. As a result namejet suspended my seller account and it was big set back for me. Though after 3 months they again activated my account and took commitment from me that i would post only those domains which are there in my account. In April i again made $1000 sales at namejet which i hand registered in June 2017

Anyways i continued with outbound and used to have few sales but not much. I had a team of 5 and for 6 months i somehow managed to cover my expenses only . Outbound was much different and difficult than i initially imagined and was making lots of mistakes. Slowly and gradually started learning tricks of the game and did some automation in the outbound process. I was interested in hand registered names as it assured good return and had almost negligible chance of loss at-least via outbound. Though hand registering for $8 was not a viable option and needed to find out a much cheaper and better solution.

May was the turning point when i cracked the code and started getting .com domains for $3-4. Since may the process has completely evolved and i started having sales every alternative day. From June onwards i started having $5k revenue via outbound on monthly basis which can easily be increased to $10-20k per month with a bit of innovation and planning.

So domaining journey which started in October 2016 with $50 is presently providing me excess of $5k monthly revenue and have a portfolio of over 1500 domains.

Couple of pointers which i wish to highlight which i learned during these last 2 years:-

1. Its better to have $100 in pocket right now rather than visualizing to have $1000 somewhere in the unforeseen future.

2. The only rule in domaining is that there are no thumb rule. Different strategy and different niche work for different people.

3. Do not blindly run after screenshot or reported sales as a lot goes behind the picture.

4. Yes one can make good money in domaining however one can loose money easily as well.

5. Have a mentor in domaining , it helps a lot. However there are no free lunch in the world , if someone teaches and guides you than you have to give something in return either in terms of money or friendship or some other way.

6. Domaining is just like any other business and requires same amount of hard work , luck , talent and investment. It is not a get rich scheme.

7. Unfortunately luck is a very important factor in domaining as you never know when or how sale would happen. You may have sale for the domain you least expected and may not ever sale a domain which you were sure of selling.

8. Domaining is not suggested as a full time profession. It should never be your only source of income at-least in the initial stage.

9. Yes we do need huge investment to survive in domaining in today's time however with hard work and dedication , one can achieve success with minimal investment as well.

10. Domaining courses and events are good for nothing , they just show you rosy picture. Though networking and building connection with right set of people is very important to survive and succeed in domaining.
 
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Rohit, thank you for sharing your really inspiring story, and congrats for your failures, successes and perseverance! :)

1. "I personally tried outbound for 3 months but didn't achieve much success as too much of manual work was involved and it was much more difficult than it was projected to me."
"Slowly and gradually started learning tricks of the game and did some automation in the outbound process."

Would you like to share which parts of outbound process you succeeded to automate and how did you achieve this?

2. "Though hand registering for $8 was not a viable option and needed to find out a much cheaper and better solution.
May was the turning point when i cracked the code and started getting .com domains for $3-4."

Does it mean that would be impossible at all (even nowadays with your improved skills?) for you to be profitable with $8 domains?

3. "From June onwards i started having $5k revenue via outbound on monthly basis..."

What was your profit (revenue - expenses), I think the profit is more important than revenue...? :)

4. "Unfortunately luck is a very important factor in domaining as you never know when or how sale would happen. You may have sale for the domain you least expected and may not ever sale a domain which you were sure of selling."

I agree with you luck is a factor, but I think that's not the case if we consider longer periods of time ("the law of large numbers").

1. Automation in terms of finding leads as wellI as email id. There are lots of other stuff which has to be automated in order to increase efficiency and productivity.

2. Nothing is impossible. But when your acquisition cost is low than it allows you to take risk and experiment.

3. On a monthly basis I am having 50% profit margin however it is being reinvested into building up portfolio , developing some in-house tools and developing few of my domains into micro niche blogs.

4. Well luck is still a very important factor but yeah when you scale up than its a different scenario.
 
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@rohitgoyal breat bro to see you rising...I am also new to this journey and just starting in domaining business. Is there any guide or special tip you would want to give to a newbie before entering in this business? Any help will be appreciated..

Namepros is a wonderful forum... keep reading and learning at least for couple of weeks before deciding to purchase a domain.
 
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I am amazed about your dedication and your hard work. You are really a path to follow, you encouraged me a lot with your reading. I am so happy that things are going better today than yesterday and of course that you are again sailing with us again. Thanks for your reading, I wish you the best @rohitgoyal
-Manu
 
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There are no renewal cost for me... as I have mentioned that most of my domains are hand registered and I sell them in the first year itself...

I sperately renew around 100 domains which I have backordered or purchased from auction and planning to hold them for long..

I am having a 50% profit margin on monthly basis. Most important thing is that I have started with almost zero capital so I am anyways in profit.

Different people have different aspiration and requirement . What maybe applicable to youthe may not be applicable to me and vice versa :)

That’s a non sequitorial answer but ... okay. I won’t inquire further.

Whatever you think works. Good luck.
 
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Congratulations @rohitgoyal, thanks for sharing your fantastic and inspiring experience in Domain business.
 
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@rohitgoyal thanks for sharing, truly inspired. May you have many more sales.. keep rocking🤘
 
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Hi @rohitgoyal, congrats on your success. I have been having a hard time doing outbound on some of my names. Please how can I contact you? I would really appreciate it if you could help me with answers to some questions. Thanks.
 
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Namepros is a wonderful forum... keep reading and learning at least for couple of weeks before deciding to purchase a domain.
Good read. I would like to know what and how you taught your team? And do they only do outbound for you or manage your portfolio etc as well?
 
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@rohitgoyal Very motivational for those who are trying to wet their hands in 2019.

Stay Blessed!
 
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Just a small update.. Revenue has increased to $10k per month since last couple of months...
 
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Just a small update.. Revenue has increased to $10k per month since last couple of months...


Wow, and I was just about to say, why are you all bothering him, he is a newbie just like most of us.
 
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Just a small update.. Revenue has increased to $10k per month since last couple of months...

Very Nice Rohit. Does your outbound team comprise of remote assistants or dedicated employees on a 9-6 job? How many leads per domain do they collect?
 
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that's what i like real stories from 0 to hero :). Congratz
 
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Good read. I would like to know what and how you taught your team? And do they only do outbound for you or manage your portfolio etc as well?

Well i have personally trained them as they had no idea regarding domains...

Well majority of work is done by me and they are involved mainly in manual work
 
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Very Nice Rohit. Does your outbound team comprise of remote assistants or dedicated employees on a 9-6 job? How many leads per domain do they collect?

They work full time in my office
 
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Hi @rohitgoyal
Do you have a website specifically for your domain portfolio?
 
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Hi @rohitgoyal
Do you have a website specifically for your domain portfolio?

No I dont. Though majority of my transaction either happen directly or via undeveloped.

Undeveloped team is amazing and i prefer them rather than having my own website.
 
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@rohitgoyal

How to setup email for outbound team? Does your team send emails from one IP address?
Does your team send more than 100 emails per day?
 
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Anyways i continued with outbound and used to have few sales but not much. I had a team of 5 and for 6 months i somehow managed to cover my expenses only . Outbound was much different and difficult than i initially imagined and was making lots of mistakes. Slowly and gradually started learning tricks of the game and did some automation in the outbound process. I was interested in hand registered names as it assured good return and had almost negligible chance of loss at-least via outbound. Though hand registering for $8 was not a viable option and needed to find out a much cheaper and better solution.

May was the turning point when i cracked the code and started getting .com domains for $3-4. Since may the process has completely evolved and i started having sales every alternative day. From June onwards i started having $5k revenue via outbound on monthly basis which can easily be increased to $10-20k per month with a bit of innovation and planning.

Between the two above sections there is a large empty hole.

There is no explanation of how you came from the top 50 unsold domains to "having sales every alternative day". What has changed that importantly? Has the quality of purchased domains increased, or is the quantity (number of offered domains) suddenly increased? Or is it something else? It was supposed to be the essence of the whole story. Without this, this is just a story about the part of your business life. However, I was expecting you to discover some of the secrets of your success ... But in your text I found nothing concrete, usable ...

In addition, I think that at present it is impossible to find a .com domain at a price of $ 3-4. In India perhaps, but here in Europe - not at all. Especially not at GoDaddy registrar.
 
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There are some tricks to get com domains for even less than 3$ in europe ;p or any other country. If You make some reasearch at other forums You can find out how to do this. But im not sure that its legal and takes some time :P.
 
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Between the two above sections there is a large empty hole.

There is no explanation of how you came from the top 50 unsold domains to "having sales every alternative day". What has changed that importantly? Has the quality of purchased domains increased, or is the quantity (number of offered domains) suddenly increased? Or is it something else? It was supposed to be the essence of the whole story. Without this, this is just a story about the part of your business life. However, I was expecting you to discover some of the secrets of your success ... But in your text I found nothing concrete, usable ...

In addition, I think that at present it is impossible to find a .com domain at a price of $ 3-4. In India perhaps, but here in Europe - not at all. Especially not at GoDaddy registrar.


Well its completely up-to the individual how they wanna take a particular information or experience. I was just sharing my journey and experience and i haven't mentioned anywhere that i am sharing all the stuff.

Lastly i have wrote and shared plenty of stuff in namepros which has helped many. If i remember correctly than i have solved lots of your queries via pm as well. I am not really sure what exactly you were expecting and i am sorry to disappoint you
 
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There are some tricks to get com domains for even less than 3$ in europe ;p or any other country. If You make some reasearch at other forums You can find out how to do this. But im not sure that its legal and takes some time :P.

Well yes there are plenty of offers and option which are running from time to time. One has to do their own due research and hard work to find the same.
 
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Information is worth more than gold that's why people not like to share how they earn money.
 
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