Any members here earning living with domaining only?

@WatchDogue, I can't believe my eyes core members take the time to explain things to yet another naive thing. Thank you! Was dreaming of 3K per month - a drop from current earnings but whatever in order to avoid cubicle : ) Plus my currency has droped in half due to US sanctions : ) so any dollar income is a blessing. Will try to be "like a stamp" - stick to it until I get there : ) I mean - somewhere : )

That's what I suspected - in any undertaking 3% make money and 97% don't. And percentile did not change since Bible times : )

2. 'Have a lot of cash rich buyers who'll profit from this domain from day one. Have them compete : )))

Merci @creataweb, what a Forum

Exactly! : )))

"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"

Thankful to you, @DomainRecap

"Hunger". Yes sir.

you still can sell domain while you doing a daily job! so no reason why you should quick, and only focus to domaining! learn domaining its not that hard! but patience waiting buyer for many many month!
it's not some average ppl can deal with this kind of situation! if you think you can survive without salary for 1 year! then you can quick! but I don't see any significant reason why you should focus on domaining and quick from your jobs!

Grand merci for your clear response, @bmugford

I might add to my previous note that I did not mean to imply that it was impossible to make a full time salary in domains. Clearly a number do it very successfully, and several of the real full time pros have commented in this thread. Paul Nicks model I referenced was intended to show a path for those who want that goal. I might be wrong but I suspect that in most cases full time domainers moved from hobby to side gig to full time, and that progression makes sense and is less risky. Domaining successfully requires a lot of knowledge, skill and perseverance. Hats off to those who are successful full time but it is not a sure thing and not for everyone.
Bob

That's exactly how I understood your post, Bob. thank you! What a great community.

If you wanna quit your day job, very probably domaining is not the answer. Few people are making a living out of it.
They are many more people making money dabbling on the stock exchange, than doing domaining.
If this is what you want, you should look at those people and understand what they have done and how. Then understand that it's going to take years to build a self-sustaining business (like any other business).

Either way, it's going to be hard work. Domaining is not a passive activity, it is hard work and it is not for the impatient.

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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I’ve been doing it for years without even knowing it but I sell entire websites, not just domain names. That is new-ish.

Yes been doing full time for a long time but it’s not for everyone we have big investments. Best to do this as a side line at a job once you know how to make decent money go full time but these days its not easy even if you have a large amount of domains but as i always say hard work pays off

To answer your question, there are people who do make a living buying and selling domains full-time. However, the vast majority I believe do it part-time as a side gig or as a hobby.

It's not possible for a new domainer who have not tested the water to make a living wholly from dominating. On the contrary, you're going to lose a lot of money before you'll start getting it right. That's the hard truth.

Thank you for a helpful response Sam, that's currently the plan.

Anna_M said:

I'd be very grateful for the confirmation it's possible at all.

If I may also ask for your opinions:

Which strategy - out of so many here - is best to start with if one aims to quit the Dreaded Job.

Am really not afraid of working 24/7, but sort of a bit lost on which model is best to start with.

Would be very grateful for any comments.

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I think dont quit your job unless u sold some domains which can cover your 6- 12 months expenses ( or u can actually do domaining while doing other jobs ). Also will be easier if you live in southeast asia which have cheaper life expenses like Indonesia, Philippine, or Thailand maybe.

Bad question! Like asking if you can make a living singing. Answer is probably no.

Already thinking about geoarbitrage, right, @marcreative

mani0307 said:

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.

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You have to have Clout, I can explain but only in pm. Involves pbns traffic and an alternate. Another would be resell rights to digital products as you never ship or have to have warehouse and instead of shipping out your stock with a sale you can continue to make money on downloads at 100% commission. Must find good platform and niche or its really competitive .

In fact we've got half Moscow here already doing that - leasing their real estate and spending that income in south-east Asia : )

The beauty here is you only need to be right once to both - recoup all the bad investment and make a small furtune

Most have fingers in other internet pies. Even the top domainers are selling hosting traffic earning from their parking and other forms of programming.

I'd be more inclined to start a business and have fun with domains with the money you make from your business.

Anyone can create a website or an app and have lots of residual income, so you should too. Remember it takes time to build something up, it doesn't happen overnight.

Good luck.