poll How much do you earn from domaining per month?

[Fancy.domains]

Hello,

How much is your average income per month in gross profit from domaining (total income, minus renewals and taxes)?

Ps. The votes are not publicly displayed together with user names.

 

[Joseph Green]

@bluebox, that's an uninformed and pessimistic statement. It's very doable to earn $240,000+ per year from domaining if you put forth the time, effort, and avoid the addiction of building a collection (buying just to buy) instead of building a business (buying what sells and doubling down on those domains).

Many domainers reinvest everything they earn until they're happy with the size of their domain name portfolio. Once they stop reinvesting their earnings, their profits soar. I did this recently, and I couldn't be happier about it.

Far more domainers earn $240,000+ than you may realize, because there's no benefit to telling everyone publicly. The people who like to boast about their earnings are already well known in this business, but there are a lot more who earn just as much and don't talk about it publicly. You can meet some of them at conferences and learn about it over drinks.

 

[belmar313]

Not everyone wants to work from home!
Also some people have bigger needs in this life. I mean you sell domains your whole life and then your grandchild ask you: granddaddy what did you achive in your life? And then you say I stayed home and sold domains.

I think it's too simplistic to see it that way....if you take as an example successful domainers that share their business tips, their sales, that are usually interviewed and seen as a reference within the industry......I don't think that means not to achieve anything. In my opinion, that's what success means, since they enjoy what they do, make money from it, and are good at it...what else could you ask for? And if domaining becomes a business that allows you to be independent enough...you can work from anywhere, travel, learn other things and have new hobbies...then, when your grandchildren ask about what you achieved...maybe you could say "Many things: freedom, being in control of my life and my time, getting to learn a whole lot of things and discover great cities and places, becoming totally independent and being able to master one of the most difficult activities that can be done online (domaining)..and I love what I do, that´s what I achieved". At least I would be happy for it.....its more than enough...

 

[bmugford]

An long time domainer once told me, that if you make less then 10k usd in month, its not worth it.

Not sure I agree with that rationale. Often you can put in much less work than a 8 hour a day job, as well as do many things on your own time schedule from the comfort of your home.

Brad

 

[RTM]

Good poll. I must admit, I develop (at least minisites) to generate revenue while the domain awaits a buyer so that has a (great!) impact on income. If you have even basic development and SEO skills, I highly recommend this over parking and relying on PPC pennies.

 

[OhYeah]

Depends on where you are from. Some countries has 700 EUR (or even less) avarage monthly salary, so I would say even 700 EUR earnings with the comfort of home is already better.

 

[Dominic Belley]

An long time domainer once told me, that if you make less then 10k usd in month, its not worth it.

10K a month. That is 120K per year.

I don't know who told you that, but not a lot of people in the world are making 120K a year. Most families (2 working people) don't even make 100K a year.

That long time domainer is quite disconnected from what real life situation is salary-wise.

 

[bmugford]

why would you want to sit home all day long and sell domains?

What is forcing you to sit at home all day? It is an option, but so is relaxing on the beach selling domains. You can also travel and sell domains.

All you need is an internet connection, anywhere in the world. There is far more flexibility that with most normal jobs.

Brad

 

[D Haynes]

Also interesting to know is that so far most people (around 21%) in this poll voted that their renewal fees are greater than their income. And if you add the ones that break even and the ones that make between $1 and $100 per month we're at around 52% of all people who voted. So 52% of all domainers who voted make less than $100 a month.

Im sure that more than 52 percent of people on do domaining as a hobby though and the people making 20000 are doing it as a living. If I could make 3k proffit a month id give up work lol.

 

[Doron Vermaat]

Not surprisingly, more than half of us are making less than $100/month or lose money. Domaining is a incredibly tough business - it's best to get to the point where you join the other 50% and just see it as a fun hobby that makes you a little money on the side!

 

[biggie]

if you don't know how much cash and time, one "puts into" domaining every month, then what they earn back is irrelevant.

unless you just wanna gawk at a number.

imo.....

 

[RTM]

Not everyone wants to work from home!
Also some people have bigger needs in this life. I mean you sell domains your whole life and then your grandchild ask you: granddaddy what did you achive in your life? And then you say I stayed home and sold domains.

I may have answered : I created and raised your daddy / mommy... and in part, you.

 

[Fancy.domains]

I am familiar with the terms gross income and net profit, but not gross profit. what exactly is that?

http://www.investopedia.com/terms/g/grossprofit.asp

Maybe a term used for companies more than people. I'm a Swede, so I will blame any language mistakes on that, hehe.

 

[bluebox]

wow, 8 persons earning More than $20000 monthly

Most of the people voting $240,000+ per year will be trolls and people too ashamed to admit their vote should be at the other end of the scale.

 

[Recons.Com]

I see so many ROI references here when that is not very relevant (bought for $10 sold for $1000 oh that is yuuuge ROI type of discussions), yet for this thread, where it is truly relevant. Those who make $20000+ per month probably have $1M-3M of their cash locked up in domains and could have made similar return elsewhere.

 

[biggie]

Thats your opinion,
All I am saying is, that there are people who would not be happy with that life

when it comes to "work":

being "able" to stay at home or work from home, can be optional.

but it's a choice, that very few get to make.


imo...

 

[Bram C.]

wow, 8 persons earning More than $20000 monthly

Also interesting to know is that so far most people (around 21%) in this poll voted that their renewal fees are greater than their income. And if you add the ones that break even and the ones that make between $1 and $100 per month we're at around 52% of all people who voted. So 52% of all domainers who voted make less than $100 a month.

 

[Bram C.]

Im sure that more than 52 percent of people on do domaining as a hobby though and the people making 20000 are doing it as a living.

Let's find out how many people are doing it as a hobby: https://www.namepros.com/threads/full-time-domainer-or-just-a-hobby.959018/ and compare the results of both polls

 

[Fancy.domains]

An long time domainer once told me, that if you make less then 10k usd in month, its not worth it.

Still better than to work at McDonald's for 2K, or even much less in many countries.

Ps. No, I have never worked at McDonald's, but before I became self-employed 12 years ago, I worked as a PE teacher for less than 3K a month. I liked that as well, but I would rather do what I do today, even for the same money.

 

[ProDomanico]

It's not just about having a good name in your basket, its also about show-casing to the right people at the right time

 

[Yoocandoit]

Depends what he meant by "making".

"Making" $10K profit or "making" a $10K sale?

exactly, if you are clearing $10K a month net profit then you have no reason to complain, that's more than most people earn, if that's $10k gross profit, that just means your selling $10k worth of goods or services. I could go out tomorrow and buy something for $9k and sell it for $10k and my gross profit would be $10k but my net profit would be less than $1k

 

[Justin Matmor]

exactly, if you are clearing $10K a month net profit then you have no reason to complain, that's more than most people earn, if that's $10k gross profit, that just means your selling $10k worth of goods or services. I could go out tomorrow and buy something for $9k and sell it for $10k and my gross profit would be $10k but my net profit would be less than $1k

What you have described is revenue, not gross profit.

Revenue = Sale price (eg $10K)

Gross Profit = Sale price minus the cost of goods sold (eg $10K minus $9K=$1K)

Net Profit = Gross profit minus other costs such as commissions, interest, taxes etc

 

[Atta]

Where do you recommend hosting (eventually) several dozen domain mini sites, inexpensively, to maximize their income?

even I would be interested if someone made a topic for US Domainers to monetize the domains using any affiliates which are successfully being made use of ..we had invested so much, we would want to go that extent as well. IMO.

Instead of developing all domains, I would suggest to develop only one and redirect all others to that. It will help you to be more specific in creating contents and marketing.

 

[domeen]

An long time domainer once told me, that if you make less then 10k usd in month, its not worth it.

 

[domeen]

Not sure I agree with that rationale. Often you can put in much less work than a 8 hour a day job, as well as do many things on your own time schedule from the comfort of your home.

Brad

Not everyone wants to work from home!
Also some people have bigger needs in this life. I mean you sell domains your whole life and then your grandchild ask you: granddaddy what did you achive in your life? And then you say I stayed home and sold domains.