advice Being a domainer is a constant hustle; we grind day in and day out.

[S-B]

I would argue that buying and selling domains is the best way to make money online that doesn’t require a large financial risk upfront. Yes, I’m saying it’s relatively low risk for the educated. We can invest a modest $100 and turn it into $1,000 without much effort. It’s absolute madness when you compare it to the 6% return the U.S. stock market posted in 2015.

With that being said, it’s a constant grind. Those who think they’ve mastered the trade will quickly get left behind. We are forced to learn every-single-day. There’s also a steep learning curve. Those to jump in without floaties will quickly sink.

2015, was my first year doing this full-time. It was scary, fun, and scary. I also had ups, downs, and in-betweens. For those of you who want to make a living buying and selling domains, I have one piece of advice: learn to budget.

I heavily reinvested during 2015, which was fine and dandy until I stopped auctioning and started selling to endusers. That change had many implications that I did not realize at the time. My new strategy required patience. Unfortunately, I did not budget appropriately so I was forced to liquidate over the summer, which evidently is the worst time to be a domainer.

Always remember, money comes and money goes in this industry, often unexpectedly. Be prepared.

 

[GAMEFINEST]

I love it, wish I could do it full time

 

[DANEYAL]

With Domaining if a person starts Developing at least 1 single domain to serve the market his/her domain knowledge or some other tech expertise, it would be wiser in my opinion. At least it should keep open a certain level of fixed income.
Great Post Indeed, thanks @Shane Bellone

 

[kawalsukhi]

Lot to learn! Wonderful conversation so far! Thanks to all!

 

[DomainPluto]

Great post! This industry is a great industry to be in if you know what you're doing that's for sure!

 

[Willox Perez]

Awesome advice Shane! Appreciate the honesty about the grind and solid wisdom below:

"Learn to budget. I heavily reinvested during 2015, which was fine and dandy until I stopped auctioning and started selling to endusers. That change had many implications that I did not realize at the time. My new strategy required patience."

Congrats on your first year full time domaining I am sure you will fine much more success as you continue to hustle an grind. As Ali wrote in a post, being a domainer is the best job in the world.

- Will