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Has anyone become rich from domain reselling?

Labeled as discuss in General Domain Discussion, started by gold lover, Nov 16, 2020

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  1. gold lover

    gold lover Established Member

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    :xf.smile:(y):xf.cool:

    Has anyone become rich from this. Any real life testimonies to motivate and share with fellow ?

    Waiting for a sale is a tiring process.:yuck:

    Thank you for sharing(y)
     
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  2. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

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    You don't get rich flipping domains unless you start with a large budget, especially in 2020.

    There is simply no substitution for time when it comes to finding quality buyers for domains.

    Brad
     
  3. gold lover

    gold lover Established Member

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    deleted
     
    Last edited: Nov 17, 2020
  4. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

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    Probably unrealistic expectations more than anything else.

    Brad
     
  5. gold lover

    gold lover Established Member

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    thank you for replying.

    May I know what is the reason why so many people are still in this? Is it a form of hobby?

    What is the motivation behind:xf.smile:
     
    Last edited: Nov 17, 2020
  6. gold lover

    gold lover Established Member

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    Someone, feel free to burst my bubble if i am being unrealistic.

    I am still living in the era where i hope that i can register a domain or maybe buy a domain for cheap and wait 10 years to resell it in for $100k.

    Am I dreaming?:-P:xf.smile:
     
  7. M Usman

    M Usman Established Member

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    Day dreaming
     
  8. NickB

    NickB Wales.org VIP

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    Maybe not a 100k but if you can get in early enough (right a the beginning, pre trend) on a new / emerging technology, product or category before other people then you can possibly register some quality domains that could go for mid/high x,xxx - xx,xxx

    Then it is a case of holding, hoping your domain catches the eye of end users and playing the waiting the game - which could be a while

    So if you hold multiple quality domains in multiple categories and are extremely patient in the long term you could get close to or go in to the xxx,xxx range - maybe.......maybe not though

    depends how big your Jolly Rodgers are, how much faith you have in your definition of quality and whether the Tech, Product or category takes off......
     
    Last edited: Nov 17, 2020
  9. PatrickV

    PatrickV Established Member

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    I'm in for six figure sales

    Patience is my key

    GLTA
     
    Last edited: Nov 17, 2020
  10. lock

    lock DomainUsed.com VIP

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    Only the ones that can spot the bargains to resell they barely ever ask advice or delay decisions. I was emailed this week from someone looking for a broker with 100 names that i wouldn't renew.
    The email explained he could come up with same quality and numbers each week. Plenty of deluded domainers here that think this is going to be easy.
     
    Last edited: Nov 17, 2020
  11. Jimmysun

    Jimmysun Established Member

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    In spiritual...
     
  12. pb

    pb Established Member ★★★★★★★★★★

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    Rich? Doubtful. Make a living? Definitely, lots of people.
     
  13. PatrickV

    PatrickV Established Member

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    What's definition of rich?
     
    Last edited: Nov 17, 2020
  14. effervescence

    effervescence Restricted (15-30%)

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    You can refine your quesiton. Can one be rich by virtue of one's name(s)?
     
    Last edited: Nov 17, 2020
  15. PatrickV

    PatrickV Established Member

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    Yes you can, i still believe, if they buy cars for huge amounts of dollars why not for a very good brandable unique .com domain ...
     
  16. iAdam

    iAdam Upgraded Member Gold Account ★★★★★★★★★★

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    Yes you can become rich if you get lucky and hold the right domain. You can go broke easier if you spend all your money in domains that nobody wants.
     
  17. lennco

    lennco Top Contributor VIP ★★★★★★★★★★

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    Rick Schwartz
     
  18. tupungato

    tupungato Wizard VIP

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    Almost everyone sacrificing time to domaining becomes at least rich in experience :pompous:
     
  19. biggie

    biggie GreenFriendly.com VIP ★★★★★★★★★★

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    Hi

    learn to use search function, and "enrich" yourself.

    imo...
     
  20. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

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    Speaking of someone who became rich. Don is a legend.
     
  21. Jeffrey

    Jeffrey Established Member ★★★★★★★★★★

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    Probably less than 5% of the total domainers. In every industry there is always that less than 5%. In Youtube about 3 to 5% are earning in 5 to 6 digits a month. Everywhere I believe it's the same numbers. In politics, leftists call them the few 2%, while the rest they label as 98%.
     
  22. NickB

    NickB Wales.org VIP

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    Pareto's Principal springs to mind......also called the 80/20 rule
     

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