Dynadot

We are the idiots ...

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Are you going to develop some of your domains?

  • This poll is still running and the standings may change.
  • Definitely plan to develop my domains

    47 
    votes
    32.2%
  • Perhaps develop some of my domains

    38 
    votes
    26.0%
  • Might try to develop one domain to see how it goes

    18 
    votes
    12.3%
  • No, just after selling my domains

    33 
    votes
    22.6%
  • Why work when domaining is so easy and it will make me a millionaire within the year

    10 
    votes
    6.8%
  • This poll is still running and the standings may change.

That's right 'we are the idiots'.

Why is it that the vast majority of us do not develop our domains into websites.

- Is it cost?
- Is it time?
- Is it lack of knowledge on the domain subject?
- Is it not knowing where to start building a website?
- Or is it because of laziness and just after a quick buck by reselling the domain name without doing any work?

Of course there is another option that should be added to the list, or is it because we do not think our domain names are not as good as we try to convince others that they are and 'they' should develop them into a website?

Of course we all know that a developed website with visitors is worth far more from affiliate income or even the sale of the website than just the domain name by itself that might be able to be turned into such, but very few domainers actually go on to develop websites on their domain.

Even if you cannot develop a website yourself through lack of knowledge on the subject (which can be learned anyway), or lack the ability to build a website (there are loads of programs to help you on the web), then you can hire people to do it for you from website designers to content writers they are all available for hire.

Come on be honest. Why do you not develop the domains you own?
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
let's see...

IF

I have a database of ten million buyers

AND

a deal in place to supply them with what they are burnin' for

THEN

transactions can take place on a subdomain of FoxeO.com

for all anybody cares...

MEANWHILE

I paid up for LaptopZ.com ( a name with a horrid past - check it out )

both laptop.com and laptops.com are for sale by investors ( NO development )

I think all I need to do is start acquiring and blowing out inventory - somebody bust my bubble...
 
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Not enough time in the week to develop all the wonderful names on namepros
 
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I had a week without internet so changed my landing pages to be more functional as webmaster related.
 
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I have many projects in progress and idea that sometimes you end up by doing none of them.

It is very difficult to develop a website for each of your domains, especially if they need time and experience in each technology required for it.

You can develop one, two, three projects for each of your domain names but you can't follow up in this way especially if they take all of your time and efforts ... hiring freelancers will take also all your time by explaining the concept and writing a white paper to describe it in details.

Internet is a vaste ocean where you have (and must) to specialize in a specific field to keep yourself up to date and master the knownledge from which you benefited, it is a mission impossible to know everything, just like other domains like medecine ect.

To sum up, you need for each idea project a special requirments (We have mobile apps, web sites, softwares, Os ... and for each of them, there is a million programming languages which we must choose the best one that perform well the thing you want and comes with the best security to deliver a good product to your buyer).

Thank you
 
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I develop mine and sell them.. I have listings on flippa.. and name pros..

Developing a domain name and selling it will give you 20x returns than just leaving it.

Lets say you have a domain dropping and want to somehow sell it, Get a free online website theme make a website with a beautiful logo and sell it 10x more. you will definitely find a buyer as they would just have to plug and play.
 
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Speaking of "High skills"....my partner in the medical billing business had a computer science degree from LSU, 1970. He wrote most of our software that ran on an IBM System 36 that we would sell to large medical groups...later when PC's came out, he oversaw the development for most of the software for them as well. Basically Phil was a geek, and he knew he couldn't do what I could do, and we both knew I couldn't do what he could do. Phil would tell me, "if it works right the first time, something's wrong" and I learned to respect that. We built a helluva business together that I named AcSel, and the business is still rock'n today.

The point you make about Google and budget and expense tells me I'd be a fool to contract with anyone for development not knowing what I might get. Thus my reasoning to "partner" with developer. I have a track record of being a good partner, but it seems to me many of today's developers think they're somehow a cut above, but I can assure you, they're not:xf.wink:


After reading through responses, if you have an clear agreement with your developer or partner on profit split, why not?

That is the way to go, at least for your niche domains.

I have seen such partnerships.
 
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A business can not be more profitable without being more difficult. For instance, if being a medical doctor was easy, everybody would be dentist, surgeon, etc, and all those doctors would be eventually homeless. Doctors make very good monies. Because becoming a medical doctor is more difficult than most of the other things to become. Difficulty is the only one reason. There is no second reason.

Domaining is one of the simplest thing one can do. That is why it's difficult to make profit in domaining. Running a website is more difficult. So, it's more profitable than domaining.

So it's not related to being an idiot or genius. Profit is related to how you handle difficulties or how you react to difficulties.
 
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The creator of this topic should be banned from the forum for calling the entire community idiots. He probably is the only idiot here.

NamePros management should prevent further insults.
 
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THE GREATER FOOL THEORY STATES THAT IT IS POSSIBLE TO MAKE MONEY BY BUYING SECURITIES, WHETHER OR NOT THEY ARE OVERVALUED, BY SELLING THEM FOR A PROFIT AT A LATER DATE. THIS IS BECAUSE THERE WILL ALWAYS BE SOMEONE (I.E. A BIGGER OR GREATER FOOL) WHO IS WILLING TO PAY A HIGHER PRICE. UNFORTUNATELY, SPECULATIVE BUBBLES BURST EVENTUALLY, LEADING TO A RAPID DEPRECIATION IN SHARE PRICES. SO, IN A WAY WE ARE IDIOTS WAITING TO SELL OUR WARES TO OTHER IDIOTS. DOES THAT CONCLUDE THIS THREAD?
 
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The creator of this topic should be banned from the forum for calling the entire community idiots. He probably is the only idiot here.

NamePros management should prevent further insults.

Itching to get another member banned?
 
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The creator of this topic should be banned from the forum for calling the entire community idiots. He probably is the only idiot here.

NamePros management should prevent further insults.
Get off your high horse.

If you don't like the content/title of the thread don't read it.....The 3rd most popular thread on Namepros this month and your the only one one who has a problem with it, does this not say something about you rather than the OP?

By your reckoning you should be banned for calling the OP an idiot then?
 
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I would develop like a mad male, if it wasn't for high taxes and accounting responsibilities with owning a business. I consider becoming a beggar instead. It's tax-free. :D

If you sell just a few domain names per year. Around here then domain sales goes under capital gains taxation. So I don't need to start my own business.
 
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I would develop like a mad male, if it wasn't for high taxes and accounting responsibilities with owning a business. I consider becoming a beggar instead. It's tax-free. :D

If you sell just a few domain names per year. Around here then domain sales goes under capital gains taxation. So I don't need to start my own business.
If you're buying something with the intent to sell it, it's not capital gains its called trading.

No normal tax system would allow trading in anything (aka business activity with the intent to make a profit) and just let you pass it as capital gains, because it simply isn't capital gains.

Its like me buying and selling houses and saying I only sell 2 a year so I'll claim capital gains. If I am buying houses to sell them at a profit, it is profit pure and simple. My trading activity is selling houses even if its an aside from my day job and I sell them infrequently.

Conversely if I ran a business selling domains and I had a premises to facilitate it that I had for 5 years and I moved to a new one, the sale of the old property or old machinery would likely be eligible for capital gains because its not bought and sold as part of my usual trading activity.

No one can actively trade in something to make a profit and claim capital gains.

Whatever helps you sleep better at night I suppose :smug:
 
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If you're buying something with the intent to sell it, it's not capital gains its called trading.

No normal tax system would allow trading in anything (aka business activity with the intent to make a profit) and just let you pass it as capital gains, because it simply isn't capital gains.

Its like me buying and selling houses and saying I only sell 2 a year so I'll claim capital gains. If I am buying houses to sell them at a profit, it is profit pure and simple. My trading activity is selling houses even if its an aside from my day job and I sell them infrequently.

Conversely if I ran a business selling domains and I had a premises to facilitate it that I had for 5 years and I moved to a new one, the sale of the old property or old machinery would likely be eligible for capital gains because its not bought and sold as part of my usual trading activity.

No one can actively trade in something to make a profit and claim capital gains.

Whatever helps you sleep better at night I suppose :smug:
What the hell are you on about. I don't do domaining full time. I sell maximum two domain names per year! So many butt-faces on this board. I should just mind my own business and stop posting here. (y)
 
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What the hell are you on about. I don't do domaining full time. I sell maximum two domain names per year! So many butt-faces on this board. I should just mind my own business and stop posting here. (y)
If you buy something to sell for profit it is trading. It doesn't matter how slowly you do it. You misunderstand what capital gains means.
 
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If you buy something to sell for profit it is trading. It doesn't matter how slowly you do it.
If I would sell like four or more domain names and every year. Then it's trading. I didn't sell a domain name last year. You don't know the laws around here! It's a capital investment. End of story.
 
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If I would sell like four or more domain names and every year. Then it's trading. I didn't sell a domain name last year. You don't know the laws around here! It's a capital investment. End of story.
The first three sales are classed as capital gains but the fourth one and any after aren't? Surely they're all classed as capital gains if you class the assets as such.

It's the sales value that would determine whether it's taxable or not, not the number that you sold?
 
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The first three sales are classed as capital gains but the fourth one and any after aren't? Surely they're all classed as capital gains if you class the assets as such.

It's the sales value that would determine whether it's taxable or not, not the number that you sold?
It's about being ACTIVE and when you are ACTIVE you have to register a business. You don't seem like the smartest guy around here. Arguing with when, you don't even know the laws where I live and what they are like. What a waste of time.
 
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It's about being ACTIVE and when you are ACTIVE you have to register a business. You don't seem like the smartest guy around here. Arguing with when, you don't even know the laws where I live and what they are like. What a waste of time.
You don't appear to know the rules of polite conversation. Three unprovoked condescensions in three posts, is there a Swedish law that I don't know about surrounding the fourth?

You don't have to register as a business to pay capital gains tax. PwC says there is a threshold of SEK 50,000 for individual income before you have to pay capital gains tax. So as long as you delude yourself into believing that all of your sales are just classed as 'capital gains' then you can go on ad infinitum buying and selling domains and just because only 2 (ish) go out of the door every year you're 'not trading'?
 
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You don't appear to know the rules of polite conversation. Three unprovoked condescensions in three posts, is there a Swedish law that I don't know about surrounding the fourth?

You don't have to register as a business to pay capital gains tax. PwC says there is a threshold of SEK 50,000 for individual income before you have to pay capital gains tax. So as long as you delude yourself into believing that all of your sales are just classed as 'capital gains' then you can go on ad infinitum buying and selling domains and just because only 2 (ish) go out of the door every year you're 'not trading'?
Read upon it below. I have better things to do than speak about this matter. You said.. "I whatever makes you sleep better at night." ... you come across as some know it all type of guy. That's why I have a harsh tone towards you.

https://www.skatteverket.se/privat/...rnethandel.4.6d02084411db6e252fe80006957.html

And.. I've already spoken with two lawyers about this. So?
 
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Read upon it below. I have better things to do than speak about this matter. You said.. "I whatever makes you sleep better at night." ... you come across as some know it all type of guy. That's why I have a harsh tone towards you.

https://www.skatteverket.se/privat/...rnethandel.4.6d02084411db6e252fe80006957.html

And.. I've already spoken with two lawyers about this. So?

Thanks for pointing to that, it's very interesting. I admit that it was rather uncouth of me to say "Whatever makes you sleep better at night". I apologise, but I am genuinely interested in this line of enquiry regarding tax/capital gains because I too have faced this conundrum before.

So this is the badly translated version of the paragraph from Google Translate:

Is it taxable?
If you sell individual domain names, you should record the profits from your hobby business as income from service. On the other hand, if you regularly trade in domains and domain names to make money, you conduct business and declare your income for the business. Sales of individual domain names whose value you have not worked up, but only purchased as a capital investment and which are not included or linked to the business activities you carry on, are included in the income type capital as sales of other assets on form K4.
From what I have deduced from this it looks like there are three categories:
  1. Hobby business - who must declare the income
  2. Regular traders of domains who must declare the income as part of their business
  3. A business that sells a single domain that they haven't worked on (IE haven't developed or expended labour on) and the domain is not linked to the business activities that are carried out by the person can be declared as "capital gains"
So by the sounds of it you fit into 1 or 2. Because 3 stipulates that it is an investment that is nothing to do with your business activities. Firstly you have said that you are not classed as a business and that your activity in relation to the domains is the buying and selling the domains (not even developing them), so the domain sales are technically the only business activities that you carry out in relation to the domains. You buy and sell domains, therefore this is your 'business' activity, even if you say that you are not actively declared as a business.

The point about not being ACTIVE so you're not a business, I'm not sure how one can advertise domains for sale (assuming that you do, in order to have any sales at all) but not be active in selling them? Just cause you have infrequent sales doesn't mean that you're not active.

It seems that that only leaves the threshold of SEK 20,008 as the determining factor as to whether you need to declare the income or not. 20,008 SEK looks like the total amount that you earned in a year and not just earned from internet commerce, so to me it sounds like what I suspected. If you're selling domains it's not capital gains, it is income that should be declared if you earn more than 20,008 SEK in the year 2019-2020.

Looking forward to your riposte.
 
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So by the sounds of it you fit into 1 or 2. Because 3 stipulates that it is an investment that is nothing to do with your business activities. Firstly you have said that you are not classed as a business and that your activity in relation to the domains is the buying and selling the domains (not even developing them), so the domain sales are technically the only business activities that you carry out in relation to the domains. You buy and sell domains, therefore this is your 'business' activity, even if you say that you are not actively declared as a business.

The point about not being ACTIVE so you're not a business, I'm not sure how one can advertise domains for sale (assuming that you do, in order to have any sales at all) but not be active in selling them? Just cause you have infrequent sales doesn't mean that you're not active.

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You continue here with making a bunch of guesses/assumptions. Can't you just give it a rest!!!! Have you tried asking questions instead? You should try that. You are highly annoying! I saw you on the other pages in this thread just babbling on with a bunch of lengthy text. I didn't want to speak about it more. Again, don't you have anything better to do with your time?

You could ask simple questions instead of babbling about what you think

Now if you want to know. I have paid taxes as a hobby business. Now what?
 
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Mods please. I said I didn't want to talk with this guy.
 
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I've put you on ignore now MadAboutDomains. Have fun, and don't forget to pay your taxes! :)
 
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