Dynadot

I quit domaining

Labeled as opinion in General Domain Discussion started by Bongs100, Jun 4, 2018.

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  1. Bongs100

    Bongs100 Established Member

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    Domaining is almost the same as playing lotto. I quit.

    Year started domaining: 2016
    Number of domains registered: about 40
    Total spent on domains: +- $300
    Number of domains sold: 1 (in 2017)
    Total amount made in 2 years: $400
    Profit: $100
     
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  2. DefinitelyDomains

    DefinitelyDomains DefinitelyDomains.com VIP

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    Maybe you need to re-think your strategy, and the type of names you are purchasing.
    How are you marketing your names?
    Are you making use of the common marketplaces?

    Also, appears to me that you've not spent much time on here looking at your nP stats?
     
    Last edited: Jun 7, 2018
  3. LeapNames

    LeapNames LeapNames.com Gold Account

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    I struggled when I initially got into domaining. I lost money and sold 1 out of my first 500+ domains I purchased.

    I studied, studied, studied, and went back to the drawing board and re-thought my strategy. I tested things and found what worked well for me. Since then I've been profitable year after year. I'm no millionaire, but by putting in the work I was able to make this a good successful side income and potentially full time income soon that I legitimately enjoy doing.
     
  4. LarryDomain

    LarryDomain Established Member

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    Just quit, domaining isn't for everyone. Better off buying a lotto.. or even betting NFL, NBA futures.

    If you want consistent income flow, do something that guarantee it. Something like mowing people's lawn or paper delivery.
     
  5. johnn

    johnn EnameMart.com VIP ★★★★★★★★★★

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  6. Steven McEvoy

    Steven McEvoy McEvoy.biz VIP

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    Few things here...

    1. You’re on top $100 rock on!
    2. Domaining is almost like playing the lottery
    3. Good bye for now but your stuck, you say goodbye but I’ll see you back in a few months or tears. You’ll come back we all do!
     
  7. WingMan

    WingMan Established Member

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    ... Or building your own business. That's another alternative.
     
  8. SuperNames

    SuperNames SuperNames.com PRO Gold Account VIP

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    OH MY GOD! I spend that per day...:ROFL:
    If I'm lucky....
     
  9. bmugford

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

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    You made a profit. That is better than most people.

    You need the required skills, patience, dedication, and realistic expectations.

    Domain investing is not for everyone.

    Brad
     
    Last edited: Jun 7, 2018
  10. royj

    royj Established Member

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    In my opinion domaining is like everything else in life. You get out of it what you put in it.
    I got hooked on Godaddy hand reg domains in 2012, and don't even remember what my first domain was.
    Spent probably $1,000 in the first year and didn't make a dime. But in 2013 I heard about this thing called Bitcoin so I went and hand registered some GoDaddy domains ,that year invested probably $2,000 and got back about $4000. But through persistence, luck , opportunity and watching trends I seemed to have got better. In 2014 I sold over $70,000. In domains in less than 8 weeks at $1000 to $1500 a pop and my portfolio only had around 500 or 600 hand regs. And this was just using Godaddy as the selling platform. I've never had any huge giant sales but at a 1000 a pop it adds up . And if I can do this with my eighth grade education I'm quite sure you can too . Just read study follow trends what's hot what's not .
    You can do it , but the only person that can make it possible is you, no one else. And yes if you quit and leave odds are you'll be back.
     
  11. alcy

    alcy Active Member VIP

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    when we started is misleading stat
    its all about the hours u put in
    cause what u get out reflects what u put in

    simple as that
    no magic here
    and no lottery either ;]
     
  12. DOMAIN ILLUMINATI

    DOMAIN ILLUMINATI Owner of ▲ the most expensive domain of all time. Gold Account

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    May your decision be the best for you.
    The "profit" you made did not pay off your invested time, at least not nowww


    Domaining is a bit like diamond mining…much effort for a possible find.
    Maybe you will never find more than nothing, maybe you will find so much that you will never need nothing more.

    BTWWW
    The word "DOMAIN" consist 90% of the letters of the word "DIAMOND".
    Is this a coincidence???
     
    Last edited: Jun 7, 2018
  13. LeapNames

    LeapNames LeapNames.com Gold Account

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    Patience and realistic expectations...boy that's an understatement! That's something I struggled with a lot early on so I can relate to him a bit.
     
  14. infosec3

    infosec3 Upgraded Member Gold Account VIP

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    Not at all like lottery... It just means you did not try hard enough to learn the business and the strategies needed to be successful.

    I know of no other business that gives you a higher return on investment. I have had instances in which I spent $9, $15 or $40 and flipped the name within one week for about $1000. Some others here have a different approach and strategies and make that or even more with their investment.

    Getting to know which names are valuable, how to get them, where to get them, how to sell them, etc., takes time and effort. This business can be very rewarding, but if you come into domaining thinking money will come to you effortlessly, you're lost from the start.
     
    Last edited: Jun 8, 2018
  15. E-Promote

    E-Promote Active Member VIP ★★★★★★★★★★

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    Take care now :)
     
  16. GeorgeQuang

    GeorgeQuang Established Member

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    Your stats are like a joke.
    3 years and just reg 40 names, spent only $300.
    IF you think that you can become a successful domainer with those stats, so it's better to buy lotto than domains.
     
  17. Bongs100

    Bongs100 Established Member

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    That's true. I will have to rethink my strategy, when/if I return. I used to send emails (a lot of them) to potential end users. Also, I have paid for featured listings on Godaddy several times. That didn't help. My domains are listed on Sedo, GD and Uniregistry.
     
  18. DefinitelyDomains

    DefinitelyDomains DefinitelyDomains.com VIP

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    What names are you purchasing? Are you sticking to specific niches?
     
  19. platey

    platey Active Member VIP

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    Good thred

    If you have made a profit you now cant not make a profit as you sit in what domains you have as your domains have been held for a while now and if you have sold a domain for a third of your investment already you are going to start making a return on your investment this year - stick with it
     
  20. mpls

    mpls Active Member VIP

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    Need money to make money.
    What did you think to earn with $ 300 investment? Million?
     
  21. stewmath

    stewmath Top Member VIP ★★★★★★★★★★

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    My advice is to probably stay away from hand regs unless you really know what you're doing. I personally would have invested the $300 in higher quality domains that are known to have potential endusers when you check sites like namedroppers
     
  22. imadoer

    imadoer Active Member PRO VIP

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    I started in 2015

    Lost $400 to start
    Lost another $400 after that
    Added another $400
    Again silence
    It's been 6 months no sales :(
    I Was so discouraged i wanted to quit
    The week I was going to quit.
    Boom I got my first sale.
    After that the sales just kept coming in.
    And I kept learning and learning from that point on. Domaining has changed my life i work one a hour a day and have complete freedom. If i would have quit i wouldn't have became the domainer I am today.

    If you aren't making sales its your strategy and the domains that you are buying. If you apply your self and stay committed and put in the hard work the sky is the limit.
     
  23. larryscott2559

    larryscott2559 Established Member

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    I can understand the frustration. One thing i started doing is really saving my money only for 1-2 word .com instead of buying a bunch of brand names etc. These I know will at least sell (hopefully for more than what I paid for).

    I do want to mention some other businesses that are like domaining that you may find of interest:

    Shelf Companies - its the same concept as domaining except you are registering corporations and letting it age to be sold later.

    Trademarks/Patents - Registering trademarks and patents and then selling them (especially great idea when new words became popular and you register the trademarks for apparel eg. "Positive Vibes")

    Websites - buying and selling websites on Flippa


    #PositiveVibes
     
    Last edited: Jun 8, 2018
  24. MarketingStrategies.com

    MarketingStrategies.com Upgraded Member Gold Account VIP

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    congrats on the decision. Go find those good cryptocurrencies.
     
  25. eurorealtor

    eurorealtor Active Member VIP

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    Profit? It took me years to get back my investment in domain names. But patience paid off very well.
    There is no "get rich quick" in this business.
     

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