It is stupid easy to make a living from domains, but you have to learn first.
Pay someone like DNAcademy, ask people for help, study the sales data.. DO you study all the names sold eevryday using available data?
DO you study the names on reported sales thread?
DO you check out the names that are listed on brandbucket, squadhelp etc?
Did you listen to all the domain sherpa episodes where they analyse domain purchases and sales, where they review portfolios, where they review domains for sale on Namejet?
And unless you have hundreds of thousands in your disposal, how are you buying names everyday???
Just going through a list and buying whatever you feel like buying is not domaining.
The learning curve is not high, and there is only so much to learn to get the basics right, once you get it right, you are as good as anybody else and after that it is just a matter of building a portfolio and being patient for the portfolio to grow big enough to get a steady income.
Don't lose hope. Stop hand registering and focus on learning for a bit.
The only problem with domaining is that there are very few things that I can outsource and I have to do all the work myself, which is quite tiring since I have mostly been outsourcing all my work for more than 10 years now. I have only started employing someone to do outreach to "buy domains" and I am yet to make a private thought I got some in the pipeline.
WHile it is great to be getting my hands dirty and doing things on my own, it is a bit overwhelming. I have like 10 alarms everyday for auctions, and way too many lists that I need to analyze.
I was looking though the lists so much I started developing Vertigo in Jan and Jan i didn't buy anything.
My point is even today, my only issue is looking through all the lists and search the names ones by one.
I feel like i am doing a blue collar job, and sometimes get bored.
My point is there are hundreds of names in auctions that will eventually sell for a profit.
Maybe thousands of names in the pending delete that you can backorder.
Hundreds of names in the closeouts you can research. It is a matter of understanding the basics and getting down to doing the boring Job.
I am not there yet, and but I know what to do... You need to learn......
Why is it that some names have 50 preorders?
BEcause everybody knows it is a good names..
WHy do some names have 15 bidders.. Because it is a good name
Don't be i awe of the stupid 7 figure sales.
Don't look at the oulier sales that is like a lottery.
Focus on the repeatable sales.
List 100 squadhelp sales of under 300 and Try to find what is a common thing between those names.
List100 sub $500 dot co sales and figure out what is common
List all the .io sales and see what is the common thread
List the .tv sales reported and figure out the common thing between those
List 2 word .coms in different Niches and try to connect the dots.
Every name is unique at first glance.. But write them down and you will start to connect the dots. Draw mind maps
Namebio is your friend.
Try to see the sales of some strong keywords and what kinds of keyword combination sell.
Find out sales in all the different categories.
Don't look for liquid names. Just the end user sales.
And most important. When buying a name, nobody is certain that the name will sell. A 2% sell through is a great STR for anyone. Meaning if you manage to sell 2 names out of 100 names in a year for a end user price, it is a good portfolio.
Once you figure it out, then it is matter of doing the research and having adequate money if you want to scale fast.
Buying a name takes 10 second to click buy now if you have credit card details saved.
99.99 effort should be in the research.
One of my very successful friends who do this part time still spend 3-4 hours everyday researching names to buy and he buys 1 or at most 2 names per week. That is 20-30 hours of research for 2 names. He spends hours and doesn't buy any if he doesn't find...
My point is, domaining is simply hard work once you get the basics.
One more thing that I learnt from a couple Giants in the industry.
There still are many names that will sell for 6 figures that you can pick up for say a 1000 or 2000 if you can buy privately from a non domainer. And some of the Bigshots do this all day. And they say they get 1 positive reply from about a 1000 emails. Simply hunting down those 1000 emails is a ton of work ever since GDPR started...
Hang in there.. learn more and don't give up mid way. if you throw 1000 names at the wall, some will stick and every sale feels good, but that is no domaining. Every name you buy should have a lot of effort put into it before you buy.
I know so many people who are doing extremely well, and no I am not talking about the Rick Swartzes of domaining but active domainers who are still buying and grinding in the deep dark tunnels of the goldmines everyday
PS: I am not expert and only started last year, but with god's grace, I have been able to make steady monthly sales and been able to fund my new purchases. I still make mistakes and this is just my advice to myself. I also find that I learn new things when I express myself. Also to remind myself to finish analysing those sales data I have been collection on a niche I am researching
