Is anyone making money domaining?

[Psych101]

Is anyone making real money domaining? "If so", how? Many won't share their successes for obvious reasons. I would like to hear all success stories. Thanks.
Paul

 

[sashas]

This is a great example of how enthusiasm and passion can lead to great things. Take some credit, you've done very well Sashas! If it was that easy, everyone on this forum would be doing what you are. You are the kind of person people like to see succeed.

As I've always said Giode, I'm only following others who've done it before me, you being the primary one.

 

[MicroGuy]

I'm currently domaining full time and have had a few decent sales this year. Most of my sales have been from revenue generating .coms picked up on the aftermarket. However, sales have been very slow over the past few weeks and my cash reserves are diminishing.

Any input on the best way to sell domains?

I was thinking about directing all my traffic away from parked pages and forwarding them all to a company home page which would list each domain along with a sale price. The home page would contain a toll-free number and contact form.

Then I would combine networking and sales calls while fielding inquires from the company website.

Any comments on this?

 

[-REECE-]

That's a great idea Greg. I was actually considering doing something like that myself with the majority of my collection. No point parking names that don't generate much revenue... Might as well try and get some decent sales on them

I'm currently domaining full time and have had a few decent sales this year. Most of my sales have been from revenue generating .coms picked up on the aftermarket. However, sales have been very slow over the past few weeks and my cash reserves are diminishing.

Any input on the best way to sell domains?

I was thinking about directing all my traffic away from parked pages and forwarding them all to a company home page which would list each domain along with a sale price. The home page would contain a toll-free number and contact form.

Then I would combine networking and sales calls while fielding inquires from the company website.

Any comments on this?

 

[wot]

I'm currently domaining full time and have had a few decent sales this year. Most of my sales have been from revenue generating .coms picked up on the aftermarket. However, sales have been very slow over the past few weeks and my cash reserves are diminishing.

Any input on the best way to sell domains?

I was thinking about directing all my traffic away from parked pages and forwarding them all to a company home page which would list each domain along with a sale price. The home page would contain a toll-free number and contact form.

Then I would combine networking and sales calls while fielding inquires from the company website.

Any comments on this?

Excelent idea for the non profitable domains. Most of my recent sales have come from the roadshows, very little from Sedo/Afternic etc.

Might just go down that route myself.

Good luck

 

[DNabc]

Buy domains, but don't expect to sell it right away for a big profit. That happen, but not always
Develop them while you wait. And if you don't sell them, you'll make money in another way.

 

[Miyavi]

Just starting myself. This thread was/is a good read and quite helpful.

I think I need a domaining mentor. :tu:

 

[Krossat]

Well i started domaining this July end and have been learning the tools of the trade since then.

Cant say I have been making a good income out of it, but my investments are back in my pocket now and i've accumulated some decent domains i can rely on to go up in value.

I've been developing minisites and a little bit of seo as well. Good thing is, im happy i found this business and its taught me a lot. Still a long long way to go though.

 

[dalBono]

Happy you appreciate the help from Namepros.com I personally dont do alot of domain selling. I like to reg the names, develop them, sell ads, sell or keep. But it all goes back to what spade said. And READ READ READ. Sites, posts, magazines, anything and everything you can.

Yes I meant it, I read a lot about online bussiness specially in domain/web hosting things. but never getting "closer" to it . i mean i used to run after the facts. i found something "new", but apparently it isnt,afterward

here i can "see real people" talking certain thing just just from top to the bottom. and its still hot and fresh.

so keep telling me :hehe:

 

[Keith]

Have I actually made money on domain names? Yes, however, I am reinvesting in more names so I do not have a positive cash flow as of yet.

It does feel nice though to grab a name at reg. fee and sell it a month
later for 20x the purchase price

This is a game of long-term investments and alot of patience :imho:

 

[dannbkk]

This is an inspiring thread, can i ask where you can sell your domains to really profit? Would you say your real success rate for selling would be through Sedo or SN, and how long do you wait until you turn these domains over?

Thanks in Advance

 

[-REECE-]

Contacts are important -- moreso if you're in the market to buy/sell $XXXX+ names. Sedo, Snap, Afternic, etc are fun, no doubt... But I wouldn't consider them anything other than an additional platform (re: opportunity) to buy/sell names on. Usually you'll be able to get better sales if you know the right people (and I don't mean knowing the guy who places the bid on your Sedo listing!).

Two very different ways domainers can make very large amounts of money domaining (okay, there's probably 100 more ways, but these are probably the 2 most straight-forward). Someone like Sachas or Spade in example looks for premium quality names (that might be LL, LN, NL, LLL, dictionary words/verbs, etc) in good extensions (.com, .net, .org for the most part). Alot of work goes into buying a $XXXX+ name with a quick flip/substantial markup in mind. You really have to know what you're doing before you start offering $XXXX+ on names, especially in markets that don't have very established "aftermarkets" (eg. LLL.coms are an extremely safe investment if you keep your offers on names in for example, the 6-8k range. Even if you overpay, it'll be like you underpaid within a few months.).

Rather than look for undervalued names or names whose value is ready to explode, I prefer to look for extensions or letter patterns (eg. CVCV, VCVC, LLLL, etc) whom I believe are undervalued or whose value is ready to explode as a whole.

Rather than buying 1 name for $10,000, I'll buy 50-1500 names for $10,000. Either method can become quite profitable.

I bought 1546 LLLL.coms between August and the LLLL.com buyout for a total of about $11,000. I could very easily quick flip (as in flip everything within an hour) my collection for $20,000-$25,000 today.
If you go this route, make sure you spend within your means. That 11k renewal fee comes back each and every year, potentially cutting drastically into any profits a LLLL.com seller may have realized otherwise.

This is an inspiring thread, can i ask where you can sell your domains to really profit? Would you say your real success rate for selling would be through Sedo or SN, and how long do you wait until you turn these domains over?

Thanks in Advance

 

[Michael]

I had $20,700 in gross sales so far this month, profiting about $12,500. I've come a long way since July, but the most important things I've learned are all in this thread.

 

[fenal]

Reece, thats probably one of the best reponses ive read in a thread at NP yet, as you point out, just two examples of many, but i can clearly see the pros and cons of both, i can see how you really need to know what you want to do with them beforehand and how the option is there for a quick and substantial profit, but the patience can also be worth it, but still needing to take everything into account.

 

[dannbkk]

Nice advice coming from a domainer that seems like you have had years of experience in this field, good on you reece

 

[Gult]

Some great posts in this thread

 

[ilcesco]

I'm in constant loss, but I truly enjoy domaining.

 

[AussieDomainer]

I'm in constant loss, but I truly enjoy domaining.

:hehe:

I think there'd be quite a lot of people in this boat, including me. I often ask myself the question if it's madness and then forget about it and keep on domaining

 

[john_karr]

Not sure how much you consider real money, but I've made almost $50k domaining this year. Considering I only do this part time (re: in my free time) and have 2 full time jobs... It's nice

I don't know many other people pulling in 6 fig incomes w/o an education outside of domaining.

I focus on buying into trends (eg. oled, antioxidants, health in general, environment, organic, etc) and what's currently hot in the domaining world or what I think is currently underpriced (eg. L-L-L.com, LLLL.com, .mobi, soon will be diversifying into LLL.coms).

I usually don't invest more than $10k in any 1 particular investment type and prefer a diversified investment strategy to one of "all or nothing".

That good!!!

 

[onewordonly]

nothing for me and I have over 700 domains, I have also not really tried to sell any either. I usually end up giving them away or let them expire if I don't find a use for them. I plan to give some away soon in the free forum later this week... As for making money on websites, well I do ok there but not with domain trading YET!

 

[PowerUp]

ilcesco and AussieDomainer. I'm glad I'm not the only person making a loss. Reading this thread from #1 all the way to #35... everyone seems to be making profit except me. I must be putting my money at the wrong places. And I do realize I made a few bad puchases, way overpaid for poor names. If I stop buying names today, it'll take me 2 years to recover all my investment.