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).

 

[redemo]

You are just reinforcing my point. If your domains are not bad, then you should not drop them.

Have you seen the average quality domain registration?

Renewing bad domains is just bad business. Everyone has some, the less you have the better.

The bottom line is some domains are just liabilities, and should be dropped.

Brad

All agreed mate!

 

[bmugford]

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.

Yeah, I don't think people really plan to not make a profit, it just happens naturally from poor decisions, planning, lack of business model, etc.

Brad

 

[kor]

What an absurd question!

Of course I don't mind making a profit and would rather die crawling in hunger and misery.

That's what we're here for, right?

 

[bmugford]

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

That is not really losing money as much as saving future expenses.

If they are junk, then getting something out of them is turning a liability into an asset.

Brad

 

[kaveri1996]

Anyone do business for profit only. Domaining also is your intellectual property. You will sell your domains when you received an offer at your desired price. Don't sell any domain for loss.

 

[Joshh71390]

It would be concerning if you were doing any type of business and you did not care about profit... A trust fund baby reisitnering .xyzs is not a domainer... and he obv doesnt care about profit... but if your putting your time into non real life activites there better be some type of defered benefit from the time spent

because theres surely better *hobbys that are similar and give the same type of potential profit

***
additionally i think the only chance of not caring about profit is if you have some type of brain defect or injury or something where your inner defense mechenisms are not working ... so you would probably die before you wound up domaining as a pass time... Because profit is not different then... is it worth looking both ways before i cross this highway or is it even worth grabbing the oven mit before i grab this scolding pan... people who dont care about profit will give all of their items away way before they can resiter any names...

 

[bmugford]

The thing is mate you are making some very good points combined with some highly debatable points. ALL my domain names have keywords. ALL of them. That way they can always be developed and it makes the ranking and spanking side so much easier. Rank the domain name and spank the profit. That's all's I'm saying bud.

You are just reinforcing my point. If your domains are not bad, then you should not drop them.

Have you seen the average quality domain registration?

Renewing bad domains is just bad business. Everyone has some, the less you have the better.

The bottom line is some domains are just liabilities, and should be dropped.

Brad

 

[alcy]

chess24 was great. now it is bad. things are made worse intentionally everywhere.

people keep saying this as if things were any good b4 that. or like we were in eden. such pathetic mentality..... sometime u just gotta bring bulldozer in so u have nice fresh leveled ground to better rebuild on.

 

[redemo]

Don't sell any domain for loss.

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

 

[redemo]

It would be concerning if you were doing any type of business and you did not care about profit... A trust fund baby reisitnering .xyzs is not a domainer... and he obv doesnt care about profit... but if your putting your time into non real life activites there better be some type of defered benefit from the time spent

because theres surely better *hobbys that are similar and give the same type of potential profit

***
additionally i think the only chance of not caring about profit is if you have some type of brain defect or injury or something where your inner defense mechenisms are not working ... so you would probably die before you wound up domaining as a pass time... Because profit is not different then... is it worth looking both ways before i cross this highway or is it even worth grabbing the oven mit before i grab this scolding pan... people who dont care about profit will give all of their items away way before they can resiter any names...

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

 

[redemo]

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

The thing is mate you are making some very good points combined with some highly debatable points. ALL my domain names have keywords. ALL of them. That way they can always be developed and it makes the ranking and spanking side so much easier. Rank the domain name and spank the profit. That's all's I'm saying bud.

 

[iDat]

What else would you care about?

 

[topdom]

chess24 was great. now it is bad. things are made worse intentionally everywhere.

 

[redemo]

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

Yes, we're related. That's basic mathematics. So are you and I, cuz.

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

I just don't think most domainers care about making a profit as much as reading cool stories about $100k sales and being like "wish I could do that" rather than putting a plan into action and making it happen.

 

[redemo]

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.

Profit is not a subjective theory. Oxford's definition of profit is a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something. There's no law of averages for all domainers which says if you register 100 domain names you are going to sell 2, although as previous members have said it all depends on the domain name's quality and how you market it. You are FAR more likely to profit from 100 domain names if you park or develop them. But again it all depends on what you market and how you market it. 100 crummy domains aren't going to sell whatever you do to push them, unless drunk people or skunk monkeys descend on the forum.

 

[redemo]

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

Best intentions don't always materialise into results. Profiting from domain names is easy. Selling undeveloped domain names is NOT the most statistically lucrative way to monetise them. That's a fact. Being in the minority doesn't automatically make somebody wrong.

 

[redemo]

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

I think some domainers enjoy collecting domain names without having a realistic plan to profit from them, much like as you say collecting rare edition first books or rare video games. In domain name terms the investment is both money and time, in fact time is often the greater investment. I just can't fathom why the majority of domainers never make a profit from their portfolios? Was it a foregone conclusion that most people don't get that domains are a business asset and that they should only obtain VALUABLE business assets. Why so many dud registrations and pointless auctions? Most domains can be monetised in one way or another. Seems like domainers think not selling a domain is the be-all-and-end-all. Baffling.

 

[redemo]

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.

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. You don't need to jump out of your boat just because there's a hole in it or your sail gets ripped. If John Doe domainer has a gun pointed at his head and three months to make a profit, you can be goddam sure he makes a profit. But without urgency there's laziness.

 

[redemo]

Is this a trick question? lol.

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

-Omar

If everyone cares about making profit by selling domain names, and selling domain names CLEARLY doesn't make any profit for 99% of domainers, then most domainers obviously DON'T care about profit. You care about selling. There's a difference. There are 100s of ways to make profit from owning a car, in addition to selling cars. Same goes for domain names. Domaining isn't just selling domain names. 99% of domainers don't get that and I don't understand why? Suppose it took 300000 years for humans to realise that the earth isn't a flat planet, so these things take time. I bet if you told an AI robot to profit from a domain name there would be literally hundreds or even thousands of different methods of attack.

 

[redemo]

What an absurd question!

Absurd, adjective "wildly unreasonable, illogical, or inappropriate." Why is it an absurd question? Clearly 99% of domainers disagree by the very fact they don't make a profit when it's so easy. So that's a reasonably appropriate and logical question. Something you care about is usually something you take care of, when most don't - hence the question mate.

That's what we're here for, right?

That's the essence of my question.