- Impact
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Are you making money domaining, losing money, or just don't really know? Feel free to comment!
I'm losing (a lot of) money.
Sometimes I ask to myself how can I make 3k per month (where I live, in my country, in my city you need 2.5/3k Eur. per month) and live with domaining.
I've buy domiains, develop dozens sites, I've invest a lot of money, but my return is 0 Eur.
0 Eur. guys.
0.
Why do you stand behind 99.5%? You didn't just make that up?Many ppl enter this game thinking, "RandomMissspelledTerm.com sold for $5k, so I could get rich regging a piece of sh*t, too!" I'll go on a limb and say 99.5% of every domaainer in the world is in the red. That's a huge number to estimate, but I stand behind it. Once you're handed the reins, you see that it's not as easy as regging something and making money in your big-ass pool, on the south wing of a mansion. Sometimes, circumstances are there that make a terrible domain sell well. I'd hate to be the messenger here, but these sales are freakishly large for a reason (Does the domain come with assets? Trademarks? Maybe a developed website?) ppl enter this game with dollar signs in their eyes. And most leave with the dollar signs morphed into tears. That's simply the reality of it.
Surely, there are successful domainers out there other than me. There is no way I’m alone in this boat. Yes, I make far more than the average domainer (going by my belief that the average domainer sees no profits). But let me tell you: it didn’t happen overnight. I’ve been doing this for well over a decade. I’ve lost THOUSANDS of dollars before I learned to pull a profit. Should I have quit long ago, back before my losses grew to Draconian figures? Honesty, it might have been for the best had I quit. But with practice and a stubborn-as-hell mindset, I learned the tricks of the trade. Last year, for example, I bought a domain for about $17 and sold it a month or 2 later for $2000. If you’re stubborn yet willing to learn, there are a lotta possibilities out there for you.
But it’s a process. If you aren’t making money, feel better knowing that you’re one of 99.5% who also hasn’t entered the green. But if you try hard and smart enough, you’ll escape that domainer hell. I do advise though that if you’ve failed to profit after a year, STOP EVERYTHING ELSE and take a long, hard look at your portfolio & sales practices. If no profit is there after a year, well, there has to be a reason somewhere. You might be best off getting as far from domaining as possible. Yet like me, you might actually get somewhere… with stubbornness and the willingness to learn.
Why do you stand behind 99.5%? You didn't just make that up?
I've got two friends who are successful at building sites. One guy has lots of sites that do brilliantly with adsense and the other started to make money when he cut it back to a couple because it wasn't adsense.Build 1-2 profitable sites, not dozens.
I'm trying to get rid of my pigeon sh*t too
And I stop buying domain in new domain extension.
And stay with domains renewal under $10/yr per domains.
Slim portfolio of dot com would be nice. Maybe under 1000 domains to keep it manageable.
The more I sleep, the more domains I sell!
to make money with domains you need patience
play it long term ( multiple years )
you can't lose in a rising market
most of my domains sell after 5 or 7 years
You don't have an option in your poll for breaking even.Are you making money domaining, losing money, or just don't really know? Feel free to comment!
After 5 or 7 years or what?