discuss How did you fund your first big domain purchase

[JudgeMind]

Some of us have been able to grow our portfolios from the bottom up, but has anyone here borrowed money to purchase a domain with the intent on paying off the loan after flipping the domain. Seems that it's made far easier now with services like lend.me (not that I have used it) to borrow money.

 

[DavidH]

I maxed out a credit card to fund a chunk of my biggest ever purchase and then flipped some names later to pay that bit back.

 

[iowadawg]

I went old school and robbed a bank.

 

[Nitindomains]

No one as yet.

I started with as low as $25-$50, and my 1st $450 flip gave me the launchpad I required, Picked a $150 name from this sale and flipped for $2k in a week, and it never stopped.

The biggest I invested is $2k in a name, and it was funded from profits made through domaining only

I am in the process to make a low xx,xxx investment now, out of domaining profits only.

 

[silgro12]

Im still newbie and till now I sold one domain for 55$ and buy one aged domain for 25$. Im dreaming about investing how Nitindomains does. I hope so, next year in this time I will sold some domains for x,xxx$. So my domain travel till now is: start with 15$, then sold a few domains and make 60$ and I bought one aged domain for 25$ and we will se where this domain journy lead :P

 

[S-B]

I know people who buy on credit. Just adds more stress to the mix.

 

[SpareDomains]

My whole portfolio has been reg fee .com drops over the last 11-12 years. Think the most I ever paid for a domain is $50-$100. Even my 40+ developed sites were all hand regged .coms. I prefer the ROI game, turning $8 into 1-10k+ instead of a big purchase with a small profit margin as generally the first guy to hold a domain achieves the highest ROI. So I'm more impressed with someone turning $8 and a few years renewals into x,xxx-xx,xxx over someone turning 50k into 75 or 100k.

 

[cantbbeat]

Yes, this is truly where it is at. Some people however are ''born on third base'' in a business sense and do not get to have the privilege to use their full skill set if it is truly there. You must have a tact for seeing trends and a good motor to dig through probably 1000 bad names for each good one.

 

[xrvel]

I saved money from the income that i have from developing domain to websites.
It took months but im quite sattisfied.

 

[urlurl]

good old fashion job

 

[DomainVP]

I made my first 'larger' domain purchase for $4,500, then sold it for $10k a few months later. I used my own funding for this buy, as I do with all purchases.

Not the fantastic ROI I like with $20 buys for $x,xxx flips; but thats what happened.

I think you walk a dangerous line when you start talking about lending to buy a name.

If you borrow money to acquire a name, you better be sure you are getting a good deal, and that is is a great domain.

 

[onebrand.co]

Threads like these makes NamePros enjoyable, worth visiting and contributing

 

[thekiller]

My first domain was registered free (a newly webhosting company offered this), of course $0.01 authorization charge to my card, developed into blog, transferred to GD for $1.67 and listed on GD Auctions for BIN $900. Withing a month got a message from GD that "You Domain, LLLLLLL.com has SOLD".

I got $810 after their 10% fee. Total Investment was $1.68. I was very very happy on first sale.

 

[biggie]

I started domaining with a credit card that had a $500 limit

 

[johnn]

1. Buy 1 dozen of eggs after 21 days I have 21 chickens
2. Keep doing step 1 until I have 500 chickens
3. Sell the chickens and buy baby pigs
4. After 1 year sell big pigs and buy cows

After 2 years you should have money to buy an LLL.com name

 

[Azwan Asban]

1. Buy 1 dozen of eggs after 21 days I have 21 chickens
2. Keep doing step 1 until I have 500 chickens
3. Sell the chickens and buy baby pigs
4. After 1 year sell big pigs and buy cows

After 2 years you should have money to buy an LLL.com name

I will follow this STEP.. thanks

 

[Sheogorath]

1. Buy 1 dozen of eggs after 21 days I have 21 chickens
2. Keep doing step 1 until I have 500 chickens
3. Sell the chickens and buy baby pigs
4. After 1 year sell big pigs and buy cows

After 2 years you should have money to buy an LLL.com name

If only the world was so simple

I'm trying to find a few good domains to purchase at resell price.
The main issue is that each seller I contact, tries to sell it for end user price.
It seems they are all educated in the ways of domaining.
Ignorance of a seller is bliss, I hope I will find one seller who isn't educated enough with the prices soon

 

[900Worldwide]

If only the world was so simple

I'm trying to find a few good domains to purchase at resell price.
The main issue is that each seller I contact, tries to sell it for end user price.
It seems they are all educated in the ways of domaining.
Ignorance of a seller is bliss, I hope I will find one seller who isn't educated enough with the prices soon

Well you have not contacted me yet