$100k a year

[Mikeross1]

I have a contact inside Godaddy that says he knows a few gentlemen that make $100k a year flipping domains with a portfolio size of 3000 domains. What do you think they are doing..high volume at low price($200 bucks) , or low volume at a high price? Any theories?

 

[Atomic Domains]

What Shane said, you have to bust your ass day in and day out to reach that level in any business. Nothing will be handed to you! This isn't free money.

I started domaining with $50 and turned that into 5 figs my first year. Closing in on mid 6-figs in sales this year from all sources, brokerage and personal sales.

 

[Nile Patel]

Whoever has made 100k in this new china trend is something different which was like high gamble risk game and early gambler got rewarded , but in long run you have to have a formula to follow, and do not get distract from that method.

 

[Nile Patel]

All the old Domain veteran still saying stay out of this number games what chinese buyer are playing, so for new domineers it is gamble and research do they go out of regular buying pattern trend and try something new.

 

[Nile Patel]

I don't know about $100k a year but one of my friend made $100k in 2 months with 7Ns.

They were literally available 70 days ago, and I missed that boat badly!

You have not missed the boat yet there is still 8N , 9N 10N and so on is available with even good pattern , you decide would you like to gamble and register all of that names and wait when we say you made 100K in just 2 month, may be in next 2 month that number change hands too, who know?

 

[Atomic Domains]

That 5L, 6N and all that BS can get you in some real trouble if you're not in front of the line. Only way I participate in those trends are when I can handreg em...

 

[biggie]

don't worry about what other people make, because you never know what they spent


instead, focus on what you can make, with what you have to spend


imo....

 

[campout]

I started domaining with $50 and turned that into 5 figs my first year. Closing in on mid 6-figs in sales this year from all sources, brokerage and personal sales.

Congrats! I would love to hear about what you did with that initial $50. Did you literally never invest another outside dollar after that?? What did you buy? What did you sell? in order to get the "snowball" rolling?

EDIT: Also, how long ago was that first year of domaining? Thanks.

 

[Genius327]

You have not missed the boat yet there is still 8N , 9N 10N and so on is available with even good pattern , you decide would you like to gamble and register all of that names and wait when we say you made 100K in just 2 month, may be in next 2 month that number change hands too, who know?

Nope, all the best ones are gone.

 

[Atomic Domains]

Congrats! I would love to hear about what you did with that initial $50. Did you literally never invest another outside dollar after that?? What did you buy? What did you sell? in order to get the "snowball" rolling?

EDIT: Also, how long ago was that first year of domaining? Thanks.

Honestly, I got lucky.. A $1 domain I bought on eBay, sold it for 4-figs. Then, I bought several domains from GD Closeouts, sold like 5 of them for 4-figs... Then I started buying "higher" value domains and flipping them as fast as I could for a few hundred dollar profit... And the rest just regging domains and selling them on the forums for $50-$100 and repeating...

I'm just a hustler, not an investor...

 

[Nile Patel]

Nope, all the best ones are gone.

When Chinese are buying there is no definition of best or no best look at all this auctions even all crap number names are selling with good amount of price, so you has to research it and find the valuable asset which western investor never want it but chinese love it.

 

[Genius327]

When Chinese are buying there is no definition of best or no best look at all this auctions even all crap number names are selling with good amount of price, so you has to research it and find the valuable asset which western investor never want it but chinese love it.

You clearly have no idea what I am talking about.

 

[DTR Alex]

but take 9 letter domains then today. they will be worth something in 60 years.

I mean there are 26x26x26x26 = 460k 4 letters now x26 thats like 11881376 total. I mean I don´t see it. And 5 letters is too much.

I am a little sceptical about 4 letters also

But we can't adopt this theory........ seeing hundreds of new tlds and enthusiasms of new users in those new tlds...

Future is always uncertain, what will happen in future noone knows... it may be that after 10 years, the popularity of .com, .net will decrease and any new tlds will take the position.

Before Google, Yahoo, Altavista were dominant search engines, and see now...

 

[Kate]

People seem to be very pessimistic about hand reg'ed domains. And maybe I"m just such a newbie that I don't get it, but to me..... There are new industries born all the time, which means there going to be hand reg opportunities.

One thing to keep in mind: domain names are fundamentally illiquid assets.
Very few people buy domains on the aftermarket. Those who buy one domain, one day, may not buy one ever again. Unless they need one.
Because the demand for aftermarket is in fact quite limited in proportion, you have to own great domains if you hope to make sales.

Think about it: more than 100 million domains are registered in .com alone, people are scrubbing the drop lists relentlessly, trying all sorts of combinations. This "game" is so competitive it's scary :P

Instead of knocking hand regging - maybe we should be figuring out how to get a head of the curve so we can own a hand full domains when new technologies start emerging (for example).

I am not exactly knocking hand regging, it's okay for names that you intend to develop, but you should not expect that will sell easily. As said before, you'd better buy names at the drops and on the aftermarket.

I am selling handregs from time to time, especially those I registered long ago, but my best profits always come from domains bought at the drops.

 

[gilescoley]

Giles- you make a lot of good points and I'm learning a lot. However you are assume one thing that is deeply flawed in your thinking...you are assuming hand registered names are worth nothing. You are assuming I'm an average person...how do you know what my names are? Maybe I've worked in marketing on Madison Ave for 10 years..maybe my IQ is 150 and I go to Harvard. Again you make a lot of good points , but don't assume hand registered name are crap.. You would be suprised what is out there...do be so negative

MikeRoss1, its difficult to answer you question without knowing any of your names, so all we can do is try and answer the questions based on the quality of other hand-registered names we have seen on here

If you post all your names, or just 5 of them you rate as your best, then people can tell you, the quality of your names will change the whole tactic to your original question. If you have quality names, then selling them for $1000-$2000 each wont be any issue and getting the 100K for you will be easy.

If these names are hand-registered names, I can assure you that you wont be flipping them all for over $1000, maybe you will get a couple of good sales in the x,xxx region if you do a lot of research and negotiate well, but certainly not enough obtain your $100k a year

Unfortunately, whether you are at Harvard, have an IQ of 150 and/or your name is Mark Zuckerberg, Larry Page or Steve Jobs, this wont increase the number of good names to hand-register, the facts remain with all the domainers out there, 98% of the good names are gone, you can always find a gem here and there, but its hard work and a better, safer business plan would be to buy names on the aftermarket, theres just a higher chance of getting decent names, rather pay $500 or $1000 for a good name that you at least know there is a good chance of selling

My advice if you dont want to hand register names and make $100K a year, the best strategy is buying future tech names, I did this by grabbing some cloud names about 8-10 years ago before it became mainstream and made some very nice sales in the last 3 years. Thats just another angle to take if you want to hand-reg names

To be honest, Im very curious to see some of those 230 names now, PM me if you dont want to post them here. If you have any future tech or cloud names in particular, I have a newsletter I send out one a month to a large list of clients and end-users. I can always stick your names on my newsletter.

Anyway, good luck and hope it all goes well for you

 

[Kate]

Giles, I regret there is no "double-like" button available

 

[JB Lions]

Before Google, Yahoo, Altavista were dominant search engines, and see now...

Well, when Google came along, they were actually better. Google took off, I remember a friend telling me about them. new gtlds, nope. Later on, you had search engines that came along that were called "Google Killers" and actually provided just as good results, like Teoma and AllTheWeb, but it was too late, didn't matter, Google was already ingrained with the public.

 

[NameOmnia]

Spend decent money o decent money and they are way easier to sell, if you are going reg $10 names, you will always struggle to make a profit

I disagree

When you make sale, invest that money and buy more quality names sand repeat

I agree

IMO... There are some very good suggestions in this thread. I personally do not think there is just one answer to "how do you make $100K a year". Everyone's strengths are different so I think you need to determine what your own personal strengths are before you start investing your time and money.

If you have not read Giuseppe Graziano's post https://www.namepros.com/blog/investing-in-llll-com-a-starter-guide.883841/ I would suggest doing so. He has a LLLL guide that you can download for free on his website. Giuseppe is a very bright guy who has had a major influence in my own success.

Cheers,

Ken

I think that people here missed the fact that this person up here, this Ken guy is indeed Ken O'Brien the guy who made 1 Million dollar profit in just a few months.
I have been the first person he bought names from and I am honoured I made business with him.

As for the OP : huge sales ( combined ) often ( and even more, always ) go together with high costs whether it's investing in "premium" names or renewals or both. Every time that I see a Mann sale and I see everyone cheering and clapping I often ask myself if they know how many domains this person owns and how huge his business is...
Some people have a better eye when they pick up names or they are good at anticipating trends; if you combine the 2 with a good sized wallet you certainly have a winning combination. Then there are those who made a lot of sales because Flippa gifted them with all sorts of upgrades, editor's choices etc..but I guess this is another story.

 

[PoliticalVII]

Those so called gentlemen are in the domain business to make a living, i wouldn't be surprised if they managed to make 400k a year using either techniques you mentioned.

I would rather find out how they manage to wake up every morning doing what they do.

 

[Skyvisum]

You have done so well so far and there are different strategies to hitting that milestone.You put in a lot to make your sales and not just like the names alone like some would think and name wouldn't sell that much.So let me ask,did you start with $x,xxx and bought couple of names and then ..on and on it goes?

 

[Skyvisum]

I don't know about $100k a year but one of my friend made $100k in 2 months with 7Ns.

They were literally available 70 days ago, and I missed that boat badly!

When you say made $100k do you mean wwith 7 premium names or 7 negotations?