poll Do you care about profit?

[redemo]

I register domain names to make a profit from them, except for a few which are not-for-profit. I don't care how I profit from a domain name as long as it's a. legal and b.ethical. Who's here to make a profit and who's here just for the fun? (which is fine, by the way).

 

[NickB]

If someone thinks losing money is fun and not interested in making a profit then go and bet on a donkey race - more exciting and you get better odds.....

 

[HotKey]

I register domain names to make a profit from them, except for a few which are not-for-profit. I don't care how I profit from a domain name as long as it's a. legal and b.ethical. Who's here to make a profit and who's here just for the fun? (which is fine, by the way).

Great, good to see where your head is at, and some other's here too.

If you want to see what "only caring about profit" does, go to your local Walmart for throw-away products. Get something this year, replace it again next.

Same applies to domain names. I care about first providing domains that carry longevity and strength, that's my business acumen. Made to last first, profits second.

Do you care about the present and future of the web and how it presents? Or should we change it up again, start a new start up?

I do care how I profit from a domain name. I'm not going to make the seller pay for my bad domaining decisions because I want to run a profit. My interest is good naming solutions and a buyer with the same vision.

Whether this is your primary or secondary income, always take pride in your domains or business approach.

 

[bmugford]

If someone thinks losing money is fun and not interested in making a profit then go and bet on a donkey race - more exciting and you get better odds.....

If that is the case, it is a hobby not a business.

For me this is a hobby and a business.

Brad

 

[bmugford]

It depends on how you define profit.

If revenue covers working hours, acquisition, management and renewals I would be ok operating at zero profit.

That is how I operated for several years, but I would not consider that a lack of profit.
It is more deferred profit.

Sure, on paper you are not making a profit but your portfolio continues to grow in size and value.

Brad

 

[jhm]

You wouldn't happen to be related to @abstractdomainer, would you?

I don't see why you can't make a profit AND have fun. If its just a black and white scenario (profit or fun), it may come as no surprise for domain investors selling domains, to sway on profit

 

[NickB]

If that is the case, it is a hobby not a business.

For me this is a hobby and a business.

Brad

Same here - I have some hobbies, like chess for example which is for fun....others like domains, collecting first edition books or rare video games where it's a hobby but the aim is to make a profit (If I ever decided to sell them, not likely though) - either for me or the kids with the books, most likely the children will get them......they won't be getting the video games, taking them with me on the Viking/Norse funeral

 

[Recons.Com]

You wouldn't happen to be related to @abstractdomainer, would you?

I don't see why you can't make a profit AND have fun. If its just a black and white scenario (profit or fun), it may come as no surprise for domain investors selling domains, to sway on profit

(re)demo version of abstractdomainer? ))

 

[Domainication]

Domaining is a kind of investing. Everybody who invest plans to get some profit.
Never heard of someone doin' it just for fun.

 

[jhm]

I've never seen a more unanimous vote. Good to see everyone has their head in the right place

 

[kaveri1996]

Allowing domain name to expire and make no money is very bad.

Then what can you do more than that ? If you buy 100 domains and all 100 domains will not sell. If you buy 100 domains in anticipation of sales of 1 or 2 and these 1 or 2 sales will have to give you profit after adjusting the cost incurred for other 98/99 domains. This is what profit means in domaining.

 

[phaethon]

Profit is the evidence that domaining works. Of course its not a get rick quick scheme, but if you put the work and the money of course, its unlikely not to get rewarded in time.
Of course you must have some natural tedency and know the market to some degree, otherwise you will most likely end up like the guys in the appraisal section who buy domains without purpose- most of the times.

 

[alcy]

make profit while having fun

 

[YairDD]

??????????????

 

[topdom]

Domainers do. The owner of the-brown-truck.biz doesn't.
So basically you are asking whether we are domainers.

Of course we are trying to make profit,
but not necessarily immediately. We can go to negative
intentionally for a while, hoping to become even more positive than we would otherwise soon.

Positive always : no.
Positive eventually, and most of the time: yes.
Reject some offers when you are negative: possible.
Existence of liquid domains can make us feel we are in positive domain.

You can have 1B debt all your life, but because of cash flow it may not be a problem.
You can live a luxury life, and everyone would think you are rich,
but while their net worth might be 10K, yours would be -1B, so technically
you are the poorest.

 

[Omar Negron]

Is this a trick question? lol.

I like making a profit...does that make me bad?

-Omar

 

[branding]

It depends on how you define profit.

If revenue covers working hours, acquisition, management and renewals I would be ok operating at zero profit.

 

[StartupNames]

Losing money is not fun for sure. I'd say yes, I do care!

 

[KTC]

I don't like losing money, even if it is for fun.

 

[branding]

That is how I operated for several years, but I would not consider that a lack of profit.
It is more deferred profit.

Sure, on paper you are not making a profit but your portfolio continues to grow in size and value.

Brad

Exactly, nailed it!

 

[Haroon Basha]

I do not care losing money on Selling near expiry JUNK domain names which I do not like to renew them.

 

[bmugford]

Allowing domain name to expire and make no money is very bad.

I disagree. You don't have to sell all your domains to make a profit, in fact you can sell a tiny amount and make a total profit.

Some domains are liabilities.

Not allowing bad domains to expire is just sunk-cost fallacy -

the phenomenon whereby a person is reluctant to abandon a strategy or course of action because they have invested heavily in it, even when it is clear that abandonment would be more beneficial.

Brad

 

[Joshh71390]

I just think most domainers care about making profit. They don't take it seriously at all.

This doesnt make sense becuase Inorder to be a successful domainer you need to be profitable first and foremost...

If you use strategy a or strategy b... doesnt matter at the end of the day... if it is not profitable ...

When you buy shit domain names... ur not thinking about profit at all becuase you dont ever need to worry about those names selling.

 

[bmugford]

Domainers make shit decisions all the time. That's a standard part of the process. I'm saying most domainers either don't learn from their mistakes or just give up way too early.

That is just what you get in a field with a low barrier to entry and without a clear path to follow.

Every time I look at the appraisal section I think, man it must be nice to be the registry and registrar.

Brad

 

[0frills]

Frankly, anyone runs a business or trades in commodities (including domains) for profits. However while saying that, I do remember a dialogue of a movie, where in "A producer doesn't stop producing movies if a movie fails, he just bets on another story for his next production".

So business/trading is not only done for profits, but also for the passion.

 

[kor]

Clearly 99% of domainers disagree by the very fact they don't make a profit when it's so easy.

Did you reach this percentage value by doing statistical studies between different groups?

If it's as easy as you claim, would you mind sharing your tricks with us?