Shawn Haghnazari
Established Member
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I was wondering if people actually make a living solely on buying and selling domains.
10 domains x 100 visits daily = 1K visits daily.Are there still names with that much traffic?
We I keep looking opportunities not just living selling domains. For me its a matter of luck if I get some good piece of domain in my hand.
Are there still names with that much traffic?
I am student and making $300-$500/ Month from domaining - enough for me -
Waiting for big boom after that i can say myself domainer .
The common conception that it's so cheap to live in a so-called "3rd world country" is rather funny in my opinion. Just because you move to a country with a larger percentage of "poor" people, doesn't mean that you need to live from the cheapest local food, drink rice beer and live in a dirty shed.
1 bd 1 bath in nice highrise in thailand....$500 per month...i think the funy part is what u said
when people talk about lower living cost in poorer country it means it will cost u less to buy good food and good house there than in usa... this isnt about sheds and eating yer own excrement
i think the funy part is what u said
when people talk about lower living cost in poorer country it means it will cost u less to buy good food and good house there than in usa... this isnt about sheds and eating yer own excrement
1 bd 1 bath in nice highrise in thailand....$500 per month...
https://www.hipflat.com/listings/bangkok-condo-fbapipca
the lowest price I ever saw a studio in manhattan was about $2000 per month and about $1300 in queens or brooklyn...so 3 to 4 times the price.
Great question. I was doing this as a side hustle for 10 years. Not making any money to live on, but just reinvesting and building my portfolio with more and higher quality names. The last year it has been domaining only. 7 days a week, 10 to 12 hours a day average. With a normal sell through rate of 2-3% on 700 domains it comes out to a US minimum wage at best after expenses. As I never take anything for myself and reinvest, it gets better. I would say if you have "normal" US expenses, and do this exclusively, you have a very large high quality portfolio.
Here is the math: If you have 1,000 names selling at an average of $2500 with a sell through rate of 2% you sell 20 for a total of $50,000. Maybe 15 of them come through marketplaces so take a $10,000 bite out of that - $40k. Renewals on 1000 names - $10,000. Now you have other expenses on that such as monthly fees on site tools, etc., but you are left with $30k. Now taxes, and since you don't have a job that pays insurance you pay yourself. You might have $20 to $25k left. That is not enough for most single people to live on in the US. And that is with no reinvestment into building your portfolio which is suicidal.
I travel full time so I might pay one dollar per night for a cool hostel in Sumatra including breakfast, $4 for a small penthouse apartment in Myanmar, $5 for a fancy dive resort in the Philippines. And don;t forget daily massages for $2 to $4.
Answer is either you have a high quality portfolio and spend a lot of time building it and live very frugal, or you have 5,000 to 10,000 or more HIGH QUALITY names, spend a lot of time and reinvest, and then live a "normal" lifestyle in the US.
How do you make money when you buy land?
1) buy it
2) build on it
3) sell it
Just buying and selling land can take decades to profit from. Buying land, building something on it and selling is much quicker and can be more profitable. Imo domains follow the same rule.
Lol very true but even just building something simple on a domain gives the seller more power when an end-user comes looking to purchase.
in trying to clarify something you made an unrealistic comparison. $100K for a vacation is surely for the few rich people. $100K income/year is great for the vast majority of people in the world.Depends on what you call "making a living"
100k to some is making a living but to others is the cost of a vacation.