You pretty much hit the nail on the head...great math!
I believe and am learning it is a game of scale...for the average domain investor. My goal is 2,000-3,000 names, at which point it becomes a full-time job and I double my sales.
But, I also reinvest my sales in better names...I don't sit on the sidelines.
I also turn down offers at the same scale...so i could easily double income if I accept $700-$800 offers.
I also don't out bound emails to potential customers...I believe you lose "hand" or leverage....so all inquiries are inbound. I have tried and tried outbound but it is very tough sledding.
I generate 2-3-4 sales per year thru Afternic/Sedo.
I mentioned to my wife yesterday that we are living thru and witnessing the death of the written word (papers and newspapers); watching the slow death of stores; driverless vehicles, etc etc. So, with all this upheaval, what did we do? We purchased domains!
At this time in history, we are investing in quality domains....really for retirement. So, I have a 5-10-15 year window of holding names. I sell when the price is fair...which is $,$$$.
When I deal with business owners, they can take it or leave it...I know others want the name....based on visitors and offers. So, I am not desperate to sell....although I am
But, I am not selling names of mittens or socks....low value products. I realize that business owners come in all sizes and someone selling mittens won't buy a name for $5,000...so I stay away from those mitten/sock names. That is my choice and nothing wrong with a smaller profit. If I lived in another country that smaller profit could change my lifestyle....so its all good.
I found out hand registering names takes years and years to mature and you need a level of committment to pay the fees and wait. This is how we all start out, I get it and did the same thing. I was happy to sell one or two names a year at one point...this is the learning curve and is valuable.
My last word of advice is very simple...who will buy my domain name? Who is going to buy it? I use to think that if I purchased a name on a forum for $17 and it is worth $200 that I made money, no matter what the name is. But that is pure bullshit.
Who is going to buy this domain name ?
Good luck to all.
Ok, am not at that level, but from this thread of people sharing own experience I learn -
So 1-4 sales the average range is $5,200 to $6,500 per month
Per year X 12 months that's = $62,400 to $78K averaged out
For 1,400 domains -> Renewals 1,400 X 8.47 = $11,858
Yearly Revenue - Less Renewals = $50,543 to $66,142
But to get that,
(even with 1,400 size name portfolio) will have to negotiate well to ensure 2,600 is average sale price per domain. I don't usually get $2,600 as a average sale.
Thank you
@has2hands You have given me a lot to think about.