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discuss Did I give a wrong advice?

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Arpit131

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A couple of freelancers asked me if they should move into full-time domaining?
My straight-forward answer was NO!

The reason I advised against it was because while I believe domaining is a good side income and can fetch good amount of money in the long term, it is also a patience game which cannot substitute a continuous flow of income which you get in your job, business or freelancing.

While domaining is a good investment option, it is not very good in terms of substituting a regular income unless you hustle real hard for a couple of years or more!

Was my advice wrong? What do you suggest?
 
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It’s a cutthroat business and unless you’re holding old school domains held from the past you’re most likely not going to be making a lot of money at it.

Even these new guys that came in in 2015, and thought they were smarter than everyone else after making a few splashy big flipper sales are pretty quiet these days.

Still like any other business if you’re good at it you’ll do better than others that are similarly situated. Meaning - even if you just start today if you’re good at it and lucky you’ll do better than most.

Yeah. People like Ali Zandi and Erwan Kina are rare!

it makes a difference in amount of capital you have to invest initially, versus trying to build capital thru sales or create income stream, while trying to sustain the portfolio and remain active in domaining.
That's a very valid point too, Biggie! Someone with capital would go for nice names. Someone who is starting from scratch will have to build it ground up!!
 
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Yeah. People like Ali Zandi are rare!

I’ll get this started with a review of the domains mentioned in the June 28, 2015, show, “$58,000 Profit Flipping 8 Domains in Under 60 Days – With Ali Zandi.” In this episode, Ali mentioned the following sales of his:

slowdown.com bought March 28, 2015, $4250. sold May 6, 2015 (namebio reports May 10th), $15K

bovine.com bought May 2, 2015 $4500. sold May 16, 2015, $11K

cultivation.com bought $8500. sold for $14K within less than a month

aus.com bought April 21, 2015 sold May 29, 2015, gross profit $24,098.

Ali talks about having an “instinct” for getting great domain names, how he feels a fire in his bowels when he views a great name.

Well, what happened to these “fire in the bowels” domain names that he sold in 2015?

slowdown.com – nothing. It’s a dead site. Has not been re-sold.

bovine.com – nothing. It’s a dead site. Has not been re-sold.

cultivation.com – redirects to a website that tries to sell other marijuana related domains.

aus.com Oh boy. This one resold for $345K on 8/14/16, and is now a company website.

(In the show, Ali claims his “fire in the bowels” told him that aus.com was worth $35K. Apparently not – it was worth ten times that.)

What my research shows, actually, is that 2015, was a banner year for domaining. I don’t think it had so much to do with any super sharp instinct that Ali possessed that year (I mean come on, bovine.com ? ) but that any domain in a rising market, is a good one. And then as far as aus.com, in the show he mentions that his instinct told him that it was worth $35K (but he sold it for less than that anyway), when it was in fact worth ten times that.

Now of course, hindsight always 50-50, but I think that at least 2017, has been quite slow compared to 2015. Now, I personally have been domaining as in direct involvement of sales and marketing, since only very beginning of 2017, and done very well this year (but not with oddball names like bovine.com !) However, I have been financing domainers, including my own domaining company which someone else was running for me, since 2002. So I have observed the ups and downs of this industry for some time now.

From William S. Burroughs:

A lot of people made quick easy money during the War and for several years after. Any business was good, just as any stock is good on a rising market. People thought they were sharp operators, when actually they were just riding a lucky streak. Now the Valley is in a losing streak and only the big operators can ride it out.

This could apply to domaining, today – where only the best and most quality domain names will be selling for top dollar – at least until the cycle shifts, the small fry and impatient newbies are weeded out, and domaining inevitably enters another boom cycle.

Haven't heard much from Zandi lately have we? The "fire in his bowels" that told him what to do in 2015, must be out....

https://www.thedomains.com/2017/04/19/ali-zandi-regged-4600-domains-com-promotion/

nRI1PI6l.png


9kzhvHZl.png
 
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Haven't heard much from Zandi lately have we? The "fire in his bowels" that told him what to do in 2015, must be out....

https://www.thedomains.com/2017/04/19/ali-zandi-regged-4600-domains-com-promotion/

nRI1PI6l.png


9kzhvHZl.png

Back then, he was very inspiring. I haven't heard about him recently. But he learnt and generated results more quickly and better than many. He was real good. Most of his advice were practical and I learnt a lot through some of his posts. I believe, he was successful in that way whether he is still domaining or not!
 
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Whether Domaning, biz or office job. it is not advisable to face a hustle full time. Multiply source of income should be preached and practiced.
 
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Haven't heard much from Zandi lately have we? The "fire in his bowels" that told him what to do in 2015, must be out....

https://www.thedomains.com/2017/04/19/ali-zandi-regged-4600-domains-com-promotion/

nRI1PI6l.png


9kzhvHZl.png
he's doing pretty well as a broker though, isn't he?

btw
"Haha! Actually spent ~200 hours obtaining/sorting data, creating permutations and scouring deleted names lists and created a list of ~5M domains that are were available (had bulk availability checker developed)"

then in the comments
Screenshot from 2019-01-04 14-27-48.png


95 million were taken?
there are about 130 million .coms registered.. and he generated 95 million of them? aren't most .coms kind of..random crap..very unique to each registrant..
 
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