discuss I want to express my problems...

[UIunique]

Hi to everyone,
Note: I sharing this thread only to express my journey and problems which i am facing right now. I want someone to share his or her opinion regarding earning regular income of 100 to 300 dollars from domains selling.
Please keep on reading it:
I have started my domaining journey 3 months ago. during this period i have registered 6 domains:
* 3 domains in .com
* 3 domains in .xyz
During this period i read namepros beginner resources, different blogs and learn practical use of different tools. I also try my best to regularly scan and valuate GD auction domains list by using different tools as mentioned in beginner resources.
I listed 4 domains on afternic but they are not yet verify by afternic.
I was motivated in the beginning but i now i started to loose motivation because of following reasons:
1. After viewing different domains i can say this business is truely for people with big money and i misunderstood this.
2. Yes, there is require lot of experience and it is long journey but i am 36 year unmarried person with no other specific passion in life and i need money to survice and to get marry.
3. What i understand by reading experience domain investors threads and guides that they are not telling you real strategies involve in domain investment and their guides seem like for very beginners. (sorry from my side if anyone here hurt from this sentence but it is my opinion which i try to share).
Thanks for anyone reading this but i welcome anyone share his or her thoughts regarding earning 100 to 300 dollars on monthly basis.

 

[Anthonyb5615]

Hi to everyone,
Note: I sharing this thread only to express my journey and problems which i am facing right now. I want someone to share his or her opinion regarding earning regular income of 100 to 300 dollars from domains selling.
Please keep on reading it:
I have started my domaining journey 3 months ago. during this period i have registered 6 domains:
* 3 domains in .com
* 3 domains in .xyz
During this period i read namepros beginner resources, different blogs and learn practical use of different tools. I also try my best to regularly scan and valuate GD auction domains list by using different tools as mentioned in beginner resources.
I listed 4 domains on afternic but they are not yet verify by afternic.
I was motivated in the beginning but i now i started to loose motivation because of following reasons:
1. After viewing different domains i can say this business is truely for people with big money and i misunderstood this.
2. Yes, there is require lot of experience and it is long journey but i am 36 year unmarried person with no other specific passion in life and i need money to survice and to get marry.
3. What i understand by reading experience domain investors threads and guides that they are not telling you real strategies involve in domain investment and their guides seem like for very beginners. (sorry from my side if anyone here hurt from this sentence but it is my opinion which i try to share).
Thanks for anyone reading this but i welcome anyone share his or her thoughts regarding earning 100 to 300 dollars on monthly basis.

You don’t need that much money unless your looking to buy expensive names! Let’s say you buy a good name and it only costs around $20 a year to keep it registered! Don’t make the mistake of not renewing good names is one tip! I lost Chicago traffic attorney.com because my credit card expired and lost interest!
But I was really broke at the time! But I never tried to sell the name! If you have really good name pay ahead for registration!

 

[Revisiting]

i am 36 year unmarried person with no other specific passion in life and i need money to survice and to get marry.

Hi Ulinique,
I think from your target income of $100 to $300 a month and your other comments we can all fairly well assume your area of origin. Even registering six domains probably takes a chunk out of any current income.
I honestly don't think domains are for you. It really is just little more than a playground for most with money to burn. Sure we all have our own little successes, Some more than others. But it really is a poor investment for those on a low income. You read like an intelligent person with a fairly good understanding of English. Why not look into other areas (possibly online) where you can see a more immediate return on your time and efforts. I'm sorry but you've been mislead by the stories of quick returns from domains.
Wishing you all the best

 

[magnificentdomains]

I think regular income with a portfolio that size is unrealistic. You really need volume in this business unless you are selling one word dot coms. Achieving volume does unfortunately require significant investment and time. Reading your post it may make more sense to cut back on the amount of time you are spending in this niche to say a few hours / week. This could then simply be a side project you dabble in. You can slowly build out your portfolio like a collector and get a nice sale here and there when the right buyer comes along for one of your domains. It's a neat hobby because you also have the option at any time to launch a new project on one of these domains you hold. Good luck!

 

[Altetra]

Domaining is more of a gamble when hand registering fresh potato domains, you are basically buying lottery tickets and waiting when the lucky number will fall, I already have more than 3 years of hand regs but the lucky ticked did not arrive yet.
Investing is when you buy great old domains at high prices, those which have allot of bidders in auctions.
The question you should ask yourself is "do i m ready to gamble my hard earned money into this (potato) tickets?" and answer yourself honestly. If the answer is yes then proceed and learn allot of topics here on NP's and other informative resources, before you buy more longer potato domains, but if the answer is no, then you may be lucky in some physical industries, like for example growing potatoes for real.

 

[lock]

Until you have a buyer in mind you are a collector. Your problems are the same as others which is turn over. The business of not just acquiring best name to suit business but selling domains. The business is of skill and luck and to make most of opportunity.

 

[UIunique]

I won't provide a specific appraisal, but for 3-word domains to have success they need to be a very natural phrase, or in some way catchy, unique or superior.

To assess how natural the three word phrase is, do a Google search of the three words in quotation marks "word1 word 2 word3". This only gives results of exactly that phrase. There is no magic number of results, but most very natural phrases will be at least in many hundreds of thousands of results, if not millions. I was not impressed with the number for your phrase.

It is subjective to evaluate catchy, but for unique, see how many sort of similar words you could replace one of those by, and still have a similar meaning. In a few minutes I determined that the word t/o/p could be replaced by peak, finest, excellent, superior, finest and apex, all available to hand register. The question is whether your leading word is better than any of those. I am not suggesting you register those to tie up the market!

Your phrase has meaning applicable to several areas such as business consulting, educational guidance, life coaching, training, and perhaps literally around audio or sound. That is all good, but how many would go to this particular combination is the question.

One additional thing you should do is to see what different first word plus your two second words are currently registered, and which are for sale. You can start that with dotDB, and scroll through the 380 results to see how many are similar to your own. Then see which are developed or for sale, and asking prices. I think you will have difficulty selling, since the extra word at front does not really add much.

The GD appraisal will show you some similar structure names, and there are a number of 3-words starting with t/o/p that have sold for decent prices, and is good. NameBio will give more comparators, and include the dates.

I also looked on HosterStats to see if others had tried out the name. It was registered from 2000-2002, but then not until you hand reg it in November.

The TMs on second two word combination might restrict potential users, since it probably might be hard for them to TM an expression for the same classes that included a shorter form already TM. This is not legal advice, as I don't know, and am not qualified to offer legal advice. I suspect it depends on the degree to which they rule the longer as different. Just one more thing to consider.

-Bob

Thanks sir bob taking time to share your views on my asset.
Actually i registered this domain is for "affiliate marketing" purpose because i have done course on this topic from youtube.
Then i accidently i enter into the domain business. i register another 3 years expiring domain and planning to do affiliate marketing on that domain.

 

[UIunique]

thanks for all the people here for sharing their honest opinion.
I completely know that earning from internet now in 2023 is very difficult specially domains selling but i need motivation and determination to stay here otherwise i can be broken.
I am lonely but i am happy to join this helpful community.
Again thanks all for sharing their views.

 

[UIunique]

I have read all the comments in this thread that i started.
I think i need to read one of the greatest book of all time:
"Think and grow rich" and other amazing books regarding success and motivation.
I think anything can be possible if you have belief in yourself.
Thanks to all for their healthy comments.

 

[SCP Foundation]

Hi to everyone,
Note: I sharing this thread only to express my journey and problems which i am facing right now. I want someone to share his or her opinion regarding earning regular income of 100 to 300 dollars from domains selling.
Please keep on reading it:
I have started my domaining journey 3 months ago. during this period i have registered 6 domains:
* 3 domains in .com
* 3 domains in .xyz
During this period i read namepros beginner resources, different blogs and learn practical use of different tools. I also try my best to regularly scan and valuate GD auction domains list by using different tools as mentioned in beginner resources.
I listed 4 domains on afternic but they are not yet verify by afternic.
I was motivated in the beginning but i now i started to loose motivation because of following reasons:
1. After viewing different domains i can say this business is truely for people with big money and i misunderstood this.
2. Yes, there is require lot of experience and it is long journey but i am 36 year unmarried person with no other specific passion in life and i need money to survice and to get marry.
3. What i understand by reading experience domain investors threads and guides that they are not telling you real strategies involve in domain investment and their guides seem like for very beginners. (sorry from my side if anyone here hurt from this sentence but it is my opinion which i try to share).
Thanks for anyone reading this but i welcome anyone share his or her thoughts regarding earning 100 to 300 dollars on monthly basis.

me too had that problem with afternic making time to validate domains

apparently it's because they didnt finish their 60-day lock or because the registrar is not "liked" by afternic

my advice would be to list them on Dan then enable afternic network sales (but it will give you less control over the sale parameters)

 

[RozasMD]

Just a couple of comments to add, I hope you find them useful.

First, you do need to read before doing anything. I mean, read a lot. You do need to learn how this domaining world works before spending a dollar. It's an advice you see time and again from seasoned domainers. And it's a really good advice. Take several weeks or a couple of months of reading and researching before spending your first dollar.

Second, be realistic. A regular portfolio will probably get a 1% - 1.5% of sales on a year. So if you want to sell one domain every month and you do the math, that means you'd need a 800-1200 domain portfolio to sell 12 domains on a given year.

Enf that doesn't mean you'd sell a domain every month. you might sell three ona given month and then spend three or four months without a sale. Patience is key.

And please, be realistic about it.

 

[UIunique]

Just a couple of comments to add, I hope you find them useful.

First, you do need to read before doing anything. I mean, read a lot. You do need to learn how this domaining world works before spending a dollar. It's an advice you see time and again from seasoned domainers. And it's a really good advice. Take several weeks or a couple of months of reading and researching before spending your first dollar.

Second, be realistic. A regular portfolio will probably get a 1% - 1.5% of sales on a year. So if you want to sell one domain every month and you do the math, that means you'd need a 800-1200 domain portfolio to sell 12 domains on a given year.

Enf that doesn't mean you'd sell a domain every month. you might sell three ona given month and then spend three or four months without a sale. Patience is key.

And please, be realistic about it.

Thanks for reply to my post.
You are right to this business require lot of learning and experience but as you know in today period inflation rate is getting higher and higher and there are not much job and business opportunities as well.
So, it is very important to become successful and motivated as online investor otherwise you can become can broken and demotivated to achieving your goal.

 

[Sjpals]

It is all very demotivating. I have over 150 domains. In 9 months I have sold 2 domains ($60 total). This does not cover the renewals. I am getting rid of a load of domains and just keeping my favourites and will develop them.

 

[Revisiting]

It is all very demotivating.

Indeed, or It can be viewed as a reality check. Your experiences in domaining are probably much closer to the norm than the Sales reports would lead you to believe is a reality for everyone.

After 23 years tinkering in domains, I'm still at it. I do wish I hadn't gone in so heavy handed at the beginning though. I've never really analyzed my whole history in domains. It's probably close to around $120,000 spent and an equal amount in sales. But, the vast amount of that expenditure came about in the first 2 to 3 years when I really didn't have a firm grip on what made for a good domain.

Now with hindsight (and I don't mean based on sales reports) I've learnt to understand, How not to undersell, What really makes for a decent domain, How to control the urge to buy and many other aspects. I do think there's lessons to be learned, from experience of those of us that have been around a while. Trouble is Not many are willing to share their mistakes.

The one plus point for me, is that I still hold around a hundred domains that I value. But 20 years is a bloody long learning curve. Yes, I'll always downplay the unrealistic expectations of many because that is my experience. And I do think I'm much closer to the norm of long-term domaining in general.

My educated guesstimate of domaining is around 80 % of those involved lose money and that percentage is rising all the time as experienced domainers dominate the market.

 

[NameInbox]

It is all very demotivating. I have over 150 domains. In 9 months I have sold 2 domains ($60 total). This does not cover the renewals. I am getting rid of a load of domains and just keeping my favourites and will develop them.

Dropping domains is a part of this business*. Probably each domain have went through it.
*Business - activity at your own peril and risk for profit.

keeping my favourites

Yep, most of businessmen are emotional, but true businessman is unprincipled(horror personalities), they don't have favourites.
It's very good that You have favourites(humanity emotion)

 

[NameInbox]

@UIunique
Yep, it's good that You have realized.
Domaining it's you own business*
*Business - activity at your own peril and risk for profit.

Find Job and earn money.
I wish You all best.

 

[vinothayyavu]

My Advice will be same as Name inbox. Find a job first earn and start investing in Domaining Slowly.

Domaining will take time to succeed . keep accumulating good names over 2 years(Atleast 50 .com)

It took me 4 years to get real profits out of domaining , But I had a job which I could manage my expense .

I had 3 big sales within 3 months which balanced 4 years of investment + profit. Even one domain sale can solve your entire prob. So patience is the virtue.

 

[love4ever]

My Advice will be same as Name inbox. Find a job first earn and start investing in Domaining Slowly.

Domaining will take time to succeed . keep accumulating good names over 2 years(Atleast 50 .com)

It took me 4 years to get real profits out of domaining , But I had a job which I could manage my expense .

I had 3 big sales within 3 months which balanced 4 years of investment + profit. Even one domain sale can solve your entire prob. So patience is the virtue.

well done bro.
Your success and strategy cannot be applied to everyone due to demographic factor !
All my respect, I can assume you are based in a city or village in india , So the lifestyle and expenses totally different (cheaper) , So what you call it profit or big sales could be a fraction to someone living in San Francisco or London or Sydney or New York or Toronto .

.

 

[Altetra]

My Advice will be same as Name inbox. Find a job first earn and start investing in Domaining Slowly.

Domaining will take time to succeed . keep accumulating good names over 2 years(Atleast 50 .com)

It took me 4 years to get real profits out of domaining , But I had a job which I could manage my expense .

I had 3 big sales within 3 months which balanced 4 years of investment + profit. Even one domain sale can solve your entire prob. So patience is the virtue.

Can you provide some evidence of your sales and profit?
I can write entire blog posts about any topic, which will look very truthful.

 

[vinothayyavu]

well done bro.
Your success and strategy cannot be applied to everyone due to demographic factor !
All my respect, I can assume you are based in a city or village in india , So the lifestyle and expenses totally different (cheaper) , So what you call it profit or big sales could be a fraction to someone living in San Francisco or London or Sydney or New York or Toronto .

.

Thank You Bro. I am living Chennai India, Which is a Metro city but where the rent of 2BHK is bedroom around 170$ a month and other expense will be around 300$ . So with max 800$ in hand we can live somewhat lavish life in a entire month. So it's cheaper compare to other cities around the world (San Francisco or London or Sydney or New York or Toronto .). So if I make even 1500$ domain sale that's a jackpot for me.

Also i am a IT professional earning around 1000$ dollar a month. Initially i had great difficulties in investing in domaining, So went on accumulating slowly like 20 domains a year.

So people living in India can make huge difference out of domain selling, due to cheaper living cost for now.

 

[DealMaker1]

Yes, you must have some money to be in this business and to make money. Most big sales are done between a combo of higher level business connections and quality of domains. If you are missing one of those components, forget about it.

To your third point:

You are correct to some degree. Just like YouTube gives you guru nonsense for everything under the sun, Namepros is quite the same for domains. You might get some good, informational beginner tips, but that's it. No one is giving away a successful strategy for free. Nor should they. Like anywhere else, you will have to pay for the strategy and the more successful the strategy, the more you will have to pay.

Reminds me of when I was taking stock derivative courses. I bought the foundation manuals for $800 x 5. There were basic strategies and fundamentals in there. But, if I REALLY wanted to know a SUCCESSFUL strategy, I needed to attend a weekend seminar at $15000 each person. That's how much this business person was charging because it was worth it. He was giving actual strategies he had honed over many years, so this was worth much more than $15000 - it was knowledge for a lifetime of trading.

I digress here because it is relevant to what you said. You either take the time to learn on your own a successful strategy (there will be many pitfalls), or you pay someone to cut your learning-curve to only a fraction.

Best of luck.