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Any full time domainers here?

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Domain Monk

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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.



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The views expressed on this page by users and staff are their own, not those of NamePros.
If my masterplan will work as I expect, I will turn into a full time non - domainerrr
 
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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 also own domains listed at several marketplaces. I don't call myself as a domainer as I rarely buy domains to sell.




in here, tax is 1% from Income..

You are living in a tax heaven. I really like it.


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.

It's not bad advice. It's the ideal business model. You know what "ideal" means, ideal is your best option when your conditions allow you. If your conditions are bad to choose the best option, it does not make the best option bad. If your budget is only $5,000 it's better for you to find a 9/5 job. This is capitalism. You need capital to run your own business, otherwise you are forced to be a slave or someone in between, or even worse like an insolvent for unpaid debts.

Business is mostly a numbers game, requires very little know-how. You need a business plan that shows your projected cash flows. It doesn't have to be detailed and precise. You need to know how much capital is needed to earn x amount of money in y amount of time. That's it.


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.

No. The key is the amount of your business capital. If your capital is not enough to run your own business, you have to sell your time as a slave to the capital owners. Most successful businessmen of the past are ignorant persons with little education. But they were intelligent persons to be the winners of this competitive capitalistic world. Most of them first found a way to access to the big capital. If you don't have enough capital you must find investors or creditors. The rest isn't important. You can make profit from any business as long as you have enough capital to run that business. Also you can learn any business quickly. Rich people run businesses in many different type of industries. Because it's easy as long as you have capital. The key is capital, isn't education or something else.
 
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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.
....


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 :xf.eek:
 
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I don't call myself as a domainer as I rarely buy domains to sell.

Thats why you didnt get my point.

The key is capital, isn't education or something else.

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.
 
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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 :xf.eek:

I don't add new content. Because I am not confident about my English language command. I posted 100x content here on this forum and other forums than I wrote at my own websites.

I buy established websites and don't touch them for years. They run on autopilot. I have websites that I bought 10+ years ago like 2005 and they are still generating revenue and receiving organic traffic.. I only update their CMS, do some on-page SEO, change their template (I know css, html, etc) I am very good at on-page SEO and very good at website appraisal, server optimization and website optimization.. I buy websites to run, don't sell any site unless I need urgent cash from time to time, usually to buy a new website.

I work less than 10 hours a week. Sometimes I don't touch my computer for a day or two. I spend most of my online time at forums like this one and sometimes at bitcoin forum, read newspapers online, watch educational or music videos at youtube.

I am not greedy. Also I realized that if I work more I feel like I am under pressure and obligated to work. I can't be productive when I feel obligated. I spend most of time for leisure and learning new things. I work less but am highly productive. I know what I will do and what I want to do. It lowers my total hour of work greatly. I spend most of time to keep my financials balanced, thanks to my finance background. Buying new websites take lots of my time. It requires too much time. I work to improve the quality of my website portfolio. I rarely develop websites. I developed websites in the past and sold for around $10k /each. However SEO changed greatly and online advertisement revenues lowered greatly. I can't achieve old successes under the conditions of today, things are much more difficult today.


I can summarize my routine "works" as below:
1- update wordpress and other CMS
2- buying new websites
3- testing new things on my websites like new template or different ad networks.
 
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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.

As I said in the previous post, I am a finance expert. I know very detailed things about investments. Nobody has to be a domainer to invest in domaining. Take look at big holidng companies, they have companies from banking to media, from oil to telecommunications. Do they know all of these industries? No. They have money. They don't need to know anything. They simply buy profitable companies. Each domains or website are like a profitable company. You buy it to run or resell. The mechanism is same in any type of business. You pay x amount money and buy something to earn y amount of money in z amount of time. All businesses are same. You don't have to know or learn anything. You have to own capital to buy something, to run it after the purchase and to sell it when you want. All you need is capital, nothing else.
 
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Full Time Domainer=No
Full Time Income From Domaining=Yes

When I buy a domain or stock shares I pretend it's illegal to sell either for 5 years. If I'm not okay with owning the domain or stock in 5+ years I don't buy. That's my self imposed patient end user only seller quality filter. I have to believe in the domain or stock long term to invest as never been a flipper and have seen insane ROI from holding for the right buyer or the right time.
 
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You don't have learn anything.
Because
1- you can hire someone who knows it.
2- There is competition. Capitalism is based on competition. It means whatever you know or learned can be used by your competitors, say it can be a new know-how or technology, it doesn't matter what it is. Every knowledge you know today will not bring you profit tomorrow, even if you created that knowledge and it will be very low possibility unless you are a phd or someone like that. This is a well known rule in finance/investments. Therefore knowledge isn't important as it can be easily used/replicated by your competitors. The only genuine thing you own in competition is your capital. It can not be replicated by your competitors.

Buy always high priced domains, websites and businesses in general. Because everyone can buy cheap domains. Everyone means unlimited number of competitors. Too many competitors will fight each other to the same piece of pie. You can maximize your profit in the areas where your number of competitors are few or ideally there is no competitor at all. Stay away from markets with too many competitors. Therefore if you put all of your eggs to the same basket, you can buy a single thing with your whole budget, the most expensive thin for you. Most expensive thing means less number of competitors for you, as there will be less number of people who can afford to buy such an expensive thing. Keep playing bigger and bigger on each turn. 10 years ago, I was buying websites for $50 each. Today, I don't look at anything which is less than $1,000. I am not against to hand regs for $10. They are like lottery tickets. If you are lucky you can win 3-4 figures for $10. But it's not a good, sustainable business plan. If you were buying $10 domains in the past and you are still buying $10, then there is no improvement in your life, you are still small player. You should want to be a big player and it's impossible if you spend time with low priced domains/websites.

Assume you are offered two portfolio:
Portfolio A: 1,000 domains for $10,000
Portfolio B: 2 domains for $10,000

If portfolio A looks like more appealing to you, read some books about economics. This is a friendly advise, no offense intended.
 
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If portfolio A looks like more appealing to you, read some books about economics. This is a friendly advise, no offense intended.

Economics is my niche ;)

I dont have time now, and explained my standings in previous posts. I am not against investing in quality but you didnt get my point. BTW, I live from domaining and am just on this forum for more than 10 years so I guess I know what I am talking about. Moreover, economics is something I graduated and practiced when I was in corporate world ;)
 
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You should clearly see your potential buyers (if any) and what budget they can spend... especially when targeting various local markets...
There is known case (just 1 example), when some investor spent high $XX,XXX per 1 geodomain (.com) and then can't sell it... Many years elapsed - and no result/sale... no endusers/buyers on this domain even for ~ mid $XX,XXX (with ~50% loss)... because no understanding what he is doing...
So the best formula: capital + knowledge&experience.
 
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Or another recent example with CHIPs...
Overall, millions were invested without any reasons - and then just dropped.
 
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But I agree, it is definitely better to renew 2 domains vs 1K domains.
 
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And finally, domaining and buying/selling the established websites are 2 different worlds.
+ there is even 3rd world - SEO specialists... for them even very good domain has no value if lack of SEO parameters.
 
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