- Impact
- 2,682
Fulltime domainer i mean a domainer with his major source of income is from domains ,tell us how is your typical day and your portfolio size and sales.
Related:
Related:
in here, tax is 1% from Income..
Quality over quantity.......bad advice!!! Why? Because quality is not cheap and you are not allowed to make a mistake. What if you decide to purchase only 1 domain and your budget is $5,000, but you overpay it? On the other side, what if you decide to spend those $5,000 on lets say 200 GD closeouts domains and you make a mistake with 50% of them? Not a big deal, as if you sell only the other 50% of them for only $100/each you will make $10,000.
So the key is education and hard work. Educate yourself about this business and then be ready to work 8 hours (effectively) 5 days a week. In that case if you will not be able to live only from domaining than it is something wrong with you. Simple as that.
I am a full time webmaster for 10+ years, own some websites, blogs, forum sites and so on. But I work less than 10 hours a week.
....
I don't call myself as a domainer as I rarely buy domains to sell.
The key is capital, isn't education or something else.
How is it possible?
I am CEO and CTO for several projects and I work 18 hours a day, 7 days a week!
How is it possible work less than 10 hours a week?
Good projects, projects that rank in first page on major search engines require a lot of work, I've never seen (in 20 years of experience) someone works less than 10 hours a week
Thats why you didnt get my point.
Wrong again. Feel free to spend your capital of lets say $50,000 on one domain without being an educated domainer. You will most likely end up with loss.
There are many types of domaining, but if you want to have a constant cash flow stick to my advice, no matter what is your capital.
If portfolio A looks like more appealing to you, read some books about economics. This is a friendly advise, no offense intended.