$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?

 

[Mikeross1]

if i stay on my current path that i'm on i will make six figures this year too from domains

Congrats

 

[Mikeross1]

I started this year with about 80 names and I just hit 400 names, 85% handregs. Most of my domains have been acquired since June. I dont spend alot on acquisitions and only have about 6 names I've spent over $100 on. None over $750. I dont have any whopping sales, but I try to get at least $1200 on every name , even reg fee names. I've sold two regfee names for 5k in the the last few months.

I've made about 22k in total this year and I've spent around 6k on domaining related costs. I have a business bank account which all domaining related expenses and sales go back into and I plan not to touch it for anything else until I have 100k in it.

All my names are make offer, and all listed on all major marketplaces.

I want to grow my portfolio significantly as long as I maintain profitability and quality.

I project that I can hit 100k figure with 2k names if I maintain my strategies. 100k(after costs) is my target goal

So $1200 is your min, what is you average sale price? What is your favorite place to sell at? Sedo , Godaddy?

 

[Kate]

At the end of the day, if you own quality names, you'll make sales.
Even when you do nothing to sell them. For example if you own LLL.com you will get inquiries and unsolicited offers every week. While many are from lowballers/domainers, there are people out there who are prepared to pay good money for good names.

If your portfolio is poor then you'll struggle to make sales, no matter how hard you try.

That's it, if you own a number of domains and never had any interest in several years, then it is a sign you are the only one who thinks they are valuable...

 

[Mikeross1]

Kate, good point. I'm new so only time will tell for me..I just think price is a factor especially if it's priced over $2500..

 

[domeen]

to end-user domain is worth what he or she is willing to pay. You can show me here some kind caculation formulas etc.. but fact is, if you have lets say 4000 domains, collected over years. and you but for sale sign on them for price $5000 you will get 20 sold a year. easy. I agree quality pays a role

And starting today, is very hard, if you don`t have huge budget. I would say its impossible.

I think I started 2002 with $200 or something like that.

 

[indiegrind]

So $1200 is your min, what is you average sale price? What is your favorite place to sell at? Sedo , Godaddy?

1200 is the minimum I will ask for. Before i started asking for 4 figures, I didnt have any x,xxx sales. All low xxx. Usually I'm asking 1,200-5,000 on my handregs depending on the industry, but list all as make offer

As of June, my minimum that will actually sometimes motivate me to sell is now $500, but I'm only doing that in the case of handregs that I haven't had long or haven't spent any time doing outbound marketing and that don't have too many likely enduser prospects. Someone will need to negotiate me down to $500, as opposed to 6 months ago when I would have thought asking $500 for a reg fee name was a hail mary pass.

I list on all platforms for exposure, but I get the most deals through outbound email or through inbound inquiries through landing pages on my domains by far.

I did calculate my average sale a few weeks ago and it was around the $1,500 mark for this year.

So $1200 is your min, what is you average sale price? What is your favorite place to sell at? Sedo , Godaddy?

 

[Mikeross1]

Domeen- I disagree. A common 5 letter domains of today will be rare in 10 years. Always new opportunities.

 

[domeen]

Domeen- I disagree. A common 5 letter domains of today will be rare in 10 years. Always new opportunities.

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

 

[Mikeross1]

5 letter domains not 9 letter domains. The Internet is growing exponentially. 12 times more connectivity by 2020. Look it up.

 

[domeen]

5 letter domains not 9 letter domains. The Internet is growing exponentially. 12 times more connectivity by 2020. Look it up.

I am not saying that some 5 letters could not be worth something.
But 5 letters is already too much for remembable domain, if its not some kind word

 

[daj]

Has anyone ever shown their income reports with domaining or shown proof of what they make yearly? It would be cool to see a real life case study on a domainer with proven income reports (transaction documents, screenshots, tax documents, etc.) that would really help newbies and even oldies.

Many domainers claim to make a lot of money. Proof without substantial evidence doesn't mean much as anyone can lie. Many make it seem so easy on here.

 

[Perfect Pint]

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

 

[James Foster]

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.

Take 3D printing or sensors for example.

Sensors are a great one because they're new and their uses are everywhere. No, you probably won't be hand regging sensors.com , but maybe new advancements allow you to buy MedicalSensors.com or CarSensors.com, heck in a year or so they'll probably find uses for sensors in other consumer friendly industries and you can own Fishingsensors.com ... something like that.

Now maybe all the domains I just mentioned are already taken, I didn't look, but my point is, they were hand regged at some point by someone who knew.

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).

 

[Perfect Pint]

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

there is NOT just one

 

[Nile Patel]

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.

Take 3D printing or sensors for example.

Sensors are a great one because they're new and their uses are everywhere. No, you probably won't be hand regging sensors.com , but maybe new advancements allow you to buy MedicalSensors.com or CarSensors.com, heck in a year or so they'll probably find uses for sensors in other consumer friendly industries and you can own Fishingsensors.com ... something like that.

Now maybe all the domains I just mentioned are already taken, I didn't look, but my point is, they were hand regged at some point by someone who knew.

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).

You right There is new industry pop everyday and there is hand reg opportunity everyday.
But what experts say is hand reg domain take time to sale you might has to wait or go out of box and find the right buyer VS if you buy keyword ready names by paying high price(if you afford it when you new in industry ex, LL or LLL.com) buyer come to you or with less work you can sale it when you think you making profit out of that name.

For new comers industry is good if you have skill to hand register good name since they can not afford keyword names.
This is what i have learned and now trying to follow.
1> you buy or hand register name for cheap price.
2>You sale your hand register name or trade it with some other good name make money, take out your own invested money and reinvest
3> Use the profit of taken out money and buy some good keyword names
4> Sale that good keyword names with big prize tag and buy some more and yes keep taking your salary every year.
5> Repeat this formula from stage 3 or from stage 1 if you see new industry pooping out.

Is any one has success with this formula, please consider you has to pay tax to your country government base on your income so if you making 20% profit but paying 15% tax you profit count only 5% not 20%

 

[Genius327]

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!

 

[S-B]

I started with $500ish and have done 6-figures in revenue over the last year. It took 2-3 years of hustling to get to that point but it's very possible. Keep trying and you'll figure it out.

 

[Mahogany]

I started with $500ish and have done 6-figures in revenue over the last year. It took 2-3 years of hustling to get to that point but it's very possible. Keep trying and you'll figure it out.

When's the case study/ mini bio/starter guide coming out?

 

[S-B]

When's the case study/ mini bio/starter guide coming out?

Never. It'd be a waste of money. This is an industry where you have to learn for yourself because EVERY SINGLE DAY something changes.

 

[Mahogany]

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!

Jesus, how many 7n did he sell in those two months? I saw it coming but sadly didn't have the capital to invest that heavily.

Luck= Prepartaion + Oppurtunity