Any members here earning living with domaining only?

Yea it's possible but unlikely without a few years practice and some $ to start with, the more the better. Start slow, 5 domains a month. Take time to own domains, drop some and renew others.

This question has been asked a thousand times:
"Can you tell me how to make money"?
The answer is " No one know". You have to learn it by yourself.

Even the people who tell you how to make money DO NOT make money.

1.You have to own the right land to let the end user easily find your land
2.It depend of the big profit you can get from your deal.

[ something supported companies especially with brand ]


Good luck everyone

So much appreciate your replies. AM very well aware that 'This question has been asked a thousand times"

JayT said:

Yea it's possible but unlikely without a few years practice and some $ to start with, the more the better. Start slow, 5 domains a month. Take time to own domains, drop some and renew others.

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If I may add..make a budget (including renewal if you plan to hold for more than a year) and stick to your budget.

Oh yes! In order not to get drowned too quickly : )

Was thinking of maybe starting with quick sells like geo domains as some people suggested in the forum

If you have a decent budget as well good knowledge about domains than i can say "yes". But domaining is a patient game many will say no domaining is a waste of time because they have lots of crappy.
Inthe start of domaining i have lost $500 because i was very excited buy domains quickly and try to flip early.
So please learn first.

The ones making a living from domains are the registrars...

I am just using each day to make wiser decisions when it comes to buying and pricing domains.

Oh yeh. Like any profession. There are expert real estate agents who earn and there are quitters : )

Rory Ivey said:

The ones making a living from domains are the registrars...

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The ones who sold shovels to miners, right : )

Its of mixture of: LOTS of reading, LOTS of trial and error, Perhaps some good luck, and LOTS of patience. The willingness to FAIL, to EXPERIMENT, to HELP OTHERS, but also to allow oneself to be HELPED. Be a sponge and soak up every bit of advice but then be able to decipher that advice into what is good and useful with what is not good and useless. Dont ever get full of oneself, dont become over-confident.

Its a tough business but it can be very rewarding! I would get cracking by reading a LOT of posts here, even before purchasing that first name. Even so, you WILL make mistakes so be prepared for that and LEARN from those mistakes.

Best of luck to you!

Metaphor of Life. Truly thank you @AGAME.

I would definitely not quit a day job with a plan to make a living through domain investing. Start slow sticking to a budget, learn as much as you can, and after you have shown success in that move to making it a side gig and only after that even consider full time. Even according to optimistic numbers in model Paul Nicks model presented at NamesCon showed only breaking even after 3 years and earning a salary after 6 years, and you would need some source of funds to cover many tens of thousands of dollars in expenses and to cover 3 to 5 years of your salary to get there. Even many of the big names, people like Domain Shane, do this as side business.
Bob

IMO " earning a living " with domains is surely incumbent upon one's personal financial needs and one's personal means as well as one's ability to acquire quality domains with which to build a business on.

One person may sustain just fine on a couple K a month while the next person relies upon many more K per month to sustain their respective standard of living.

What " plan or path " one pursues to live off of domain sales is surely tempered by the reality of personal financial needs and means.

It is vastly easier to BUY domains with optimistic goals of re-selling same then it is to actually SELL the newly acquired domains for profit.

IMO a plan to " live off of domain sales " should include a fall-back plan in the likely event buyers
- and profits - don't come knocking with cash in hand.

And do not now nor have considered making a living via domains and have had domains since the '90s.

That said I salute all who pursue their career dreams and best wishes in your domain career.

Short answer to your question is yes.
Loads of people making money on this forum from domains.... Even more people losing money though.

Step 1: Buy Dumains
Step 2: ¿
Step 3: Profit

Figure out Step 2 before Step 1.

Bob Hawkes said:

I would definitely not quit a day job with a plan to make a living through domain investing.

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Words of wisdom.

View domaining in 2019 as a side job that could possibly develop into something more if you have the perseverance, talent, relevant education/experience, and smarts.

creataweb said:

Step 1: Buy Dumains
Step 2: ¿
Step 3: Profit

Figure out Step 2 before Step 1.

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The old classic 3 step business model -

WatchDogue said:

It is vastly easier to BUY domains with optimistic goals of re-selling same then it is to actually SELL the newly acquired domains for profit.

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This is a key element, and prospective investors should read it over a few times, and let it sink in.

It's easy to buy quality names. Recently I was looking to start an online business, and there were lots of expired-but-not-yet-registered domains that were very business-worthy for my purposes, but there is no guarantee I would ever be able to find a buyer for them. Finding viable names is easy, but reselling them for a nice profit is very difficult.

Most domain action at the upper end revolves around upgrades, like MonitorSystems.com moving to Monitor.com or Twist.io shifting to Twist.com. That makes it very difficult to access that high-dollar market, as the vast majority of these premium "upgrade-ready" domains are either in the hands of veteran domainers or owned by multinational corporations like Google or Amazon.

Even at the lower end, it's tough to determine what one buyer will think is gold or trash. I see a lot of sales data from the various domain sales sites, and some of it makes no sense, like a keyword-stuffed domain with 3 hyphens selling for $5K? Maybe the guy thinks it's still 1998? Other times I see a nice single-word .COM going for $3K and wonder why it went so low. Did the owner need the money? Probably. Often there is no logic behind the marketplace, and beauty is always in the eye of the beholder. And if you look close enough and ignore the outliers, you can see the trends.

There are ways to succeed, and one of them is having a plan and sticking to it, hell or high water. Domaining is not about the fast (or short) money, it's a slow trip up the hill, but if you have the patience and ability, you just might get to the top. Find your niche, renew and drop with skill, all the while consistently upgrading your portfolio.

I make a living with domains. It takes years though of steady good decisions to turn the corner.

It would be especially hard to start today with the cost of average inventory at popular auction venues. The prices often don't make much sense as a reseller/investor. The math just does not work out with a typical turnover rate.

Brad

bmugford said:

It would be especially hard to start today with the cost of average inventory at popular auction venues. The prices often don't make much sense as a reseller/investor. The math just does not work out with a typical turnover rate.

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I totally agree, and I think these price spikes are a combination of overly optimistic buyers + end users and bsuinesses joining the auction circuit to try to beat domainers to the punch.

Buying at a price that makes it easy to hit a high ROI is the key to investing.

What was my best investment? Buying am LL.com for registration fee. Mining Bitcoins early on using my reference Radeon 4890 videocards and just keeping them.

Bob Hawkes said:

Even according to optimistic numbers in model Paul Nicks model presented at NamesCon showed only breaking even after 3 years and earning a salary after 6 years, and you would need some source of funds to cover many tens of thousands of dollars in expenses and to cover 3 to 5 years of your salary to get there.

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Grim statistics

DomainRecap said:

Often there is no logic behind the marketplace, and beauty is always in the eye of the beholder.

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So true. It helps to be psychic.

You have got to have a lot of hunger, drive, perseverance, knowledge and patience to have any hope of doing so.

Domaining isn't a walk in the park like it seems.

Thanks

Bob, THANK YOU as always for these details - they are of critical importance.