discuss Is domaining worth it?

[saiif2014]

hi
is domainig business worth it ? i mean the poeple who domaing for more than 5 years did you se great results ? and if you invested this 5 or 10 years in other business like website building or any other business i think you will get 10 times more than you get by domaining , am i right ? the money you got from this years of domaining it was worth all this time or not ?

 

[SBS66]

And if it doesn't sell ?

That's why I'm quoting a 10% success rate for, ie. to sell 1 domain in every 10 outbound campaigns.

If it doesn't sell, read @garptrader's post.

A lot of your success will depend on your domain names. But, for example, on Monday I sent out 43 emails in the morning. For me that is 1 campaign for that name. I usually try to do 50 at one sitting but it was early and I had some place to be. But from that I had a response, still pending. If it doesn't close between now and next week, I'm marketing it again.

 

[Asfas1000]

If it doesn't sell, read @garptrader's post.

A lot of your success will depend on your domain names. But, for example, on Monday I sent out 43 emails in the morning. For me that is 1 campaign for that name. I usually try to do 50 at one sitting but it was early and I had some place to be. But from that I had a response, still pending. If it doesn't close between now and next week, I'm marketing it again.

Garptrader's post is a case, not a rule. A domain may sale or it may not. Sometimes it won't sell despite your best efforts. In my experience it's hard to overcome a 10% success rate for the outbound for second or third tier domains.

 

[SBS66]

Garptrader's post is a case, not a rule. A domain may sale or it may not. Sometimes it won't sell despite your best efforts. In my experience it's hard to overcome a 10% success rate for the outbound for second or third tier domains.

Okay, then my take from our exchange is:

1- don't buy second and third tier domains. That is a 100% success in terms of saving money and you can ignore the 10% success rate.

2- It's a question: what is the success rate for a first tier domain name? Each domain name being unique, I can safely venture that they, too, are just a case and not the rule.

For the OP, does it sound like they can afford first tier domain names? Because if they can't then they have some thinking to do, I think.

 

[DaveX]

The reason so many domainers say to read, and to wait before buying is that buying sellable domains is an art and is more often learned rather than natural.

The best buyers are big companies....end users. It took me a long time to gain discipline when buying domains.. To try to stick to domains that the deepest pockets might want.. Names that startups might want.. Names that small businesses might want.

There is a big difference between domaining like a lottery and domaining as a business owner careful about the bottom line, or a little league ball team versus a tech startup with a real business plan with short and long term objectives.

Just saying that in domaining, success is about personal goals and failure is not the fault of the domaining opportunity.

Anyone who is not proud of what they have, should maybe spend more time thinking about what they really want.

 

[poweredbyme]

hi
is domainig business worth it ? i mean the poeple who domaing for more than 5 years did you se great results ? and if you invested this 5 or 10 years in other business like website building or any other business i think you will get 10 times more than you get by domaining , am i right ? the money you got from this years of domaining it was worth all this time or not ?

There are more amateurs and newbies in internet based businesses compared to other businesses. Other than this difference, there is no difference. This is only a job. Usually you don't expect fantastic results in business life. You only choose a job and do it. If you do a business for 10 years, it's usually very hard to do a different thing. So it's usually hard to compare. Also you can't use "money" as a measure of success. Because money depends on millions of uncontrolled events. I mean unless you are very lucky you can't make good money in any business.

 

[nomen]

For a beginner, it's definitely difficult these days. There's a finite number of quality (.com) domains in circulation (dropping, for sale etc.). And there's a lot of experienced investors after those names with big budgets (and they smell those names from a mile away). So the situation is far from ideal for a beginner. But if you're willing to work your a** off, sure, you can succeed, too. Just like in any other business.

 

[trampoline]

Well, i am quite new to domaining, and i dont have so much years of experience on my shoulders to tell so much. But i will say what i think of the future. I have read a lot of things this last 6 months. Reading a lot in this forum and my diploma in Informatic helped me a lot to understand things faster. I prefer to see Domaining as a part-time job, or less than that. I preffer to invest in Domaining, and see its value grow from day to day. I am a fan of the long term plan, and evaluating the things like this, definitely domaining is worth it.

Sometimes i read a lot of posts which say that the people who investet in the 90s have made a lot of profit, and i concord with them. But we have to keep in mind that most of them had to work for a 10 to 20 years plan, in order to get really good profits. But now, in this new aera, things change really fast. Every 6 months comes a new samsung phone, a new apple phone, a new technology. Things change so fast, that makes us possible to gain profit in a shorter period of time or 5 year plans. Of course, that requires much more attention.

 

[frank-germany]

The truth is the vast majority of domain investors lose money. The minority actually make money, and of that minority a much smaller minority makes a living from it.

I really wonder how you can know that

 

[frank-germany]

Short answer from me - worth it.
love it

 

[dname]

For me, absolutely worth it financially.

If I had to start over from empty table now, the game plan would be different with all new tlds and stuff. Lot of possibilities and choices but with careful strategy definitely could be made profitable.

 

[deflee79]

You surely will go hungry and be homeless in no time. Treat it as a hobby and you will do fine.

 

[DomainVP]

If you are unsure about what you are doing - quit now.

You will save yourself a lot of pain, time, and effort. Go do something you know you are good at - soar with your strengths!

It's harsh, but if you don't believe in what you are doing it will not lead you to success in any way shape or form.

 

[DNScholar]

If you have doubt quit or do it as hobby. Else be a Pro.

 

[Skyvisum]

It is worth it and I am not doing it full time.I chose the long term plan and if domaining is not for you,better to quit early and not whine.Keep reading and learn what successful domainers are doing and how they closed a sale or made a sale.If you have a bad name and can't sell it,blame yourself not the industry.Lots of guides to help but most people find it hard to digest so they keep making the same mistake or getting stuck with names that are terrible.

You learn from your mistakes but if in doubt,ask someone a question as there are a lof of helpful out here and domaining blogs to help avoid keeping you in the red.

Remember you have a smile when you make a sale and one more thing,avoid negative domainers,they discourage easily and might drag you along with them.

 

[jamaltq]

It is a combination of business & gambling.

 

[NetworkPearl]

Yup worth it but to have a good start read read read

 

[ctmixing]

What other asset can you think of that has a better ROI than domains?

There is none.....

 

[Asfas1000]

What other asset can you think of that has a better ROI than domains?

There is none.....

Not true...I buy 100 domains for 10 each, I sell 1 for 1000 and declare this as a 10000% ROI ? What about the unsold inventory ?

 

[ctmixing]

Not true...I buy 100 domains for 10 each, I sell 1 for 1000 and declare this as a 10000% ROI ? What about the unsold inventory ?

your adding it wrong. You bought the one domain for 10 and sold it for 1000. That is 990 profit. The other names need to fend for themselves. Treat each domain name as its own.

 

[Asfas1000]

your adding it wrong. You bought the one domain for 10 and sold it for 1000. That is 990 profit. The other names need to fend for themselves. Treat each domain name as its own entity.

Ha . Don't agree. Cause you don't know which one will sell, or you would buy only that one. It's a numbers game.