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 ?

 

[DN Playbook]

Domaining is definitely worth it. But you need good old business skills, hustle, and have the right mentality.

If you are in it for a quick buck, you will more than likely lose money. If you do make a quick buck, it likely will not last for long. You need to have a business plan with a long-term strategy.

With each sale, you need to be building a contact list. So even if you make $4/hr when divided the hours you spent on a sale, it increases greatly if you keep the contact. A large contact list is priceless.

You need to think beyond end-user/reseller mindset. End-users are great but there are many in-between parties such as Web developers, SEO companies, media buyers, etc. Reach out to them.

Networking with other domainers is great too but you need to reach out to startups and other businesses related to your domains. I am talking about trade-shows and other personal contact opportunities. Also many successful domainers make money selling other domainer's premium domains, so we need to work together.

When you do network, you need to have a professional website and business cards in order to be taken seriously. Sedo/Afternic/etc. is like using Facebook as your primary business address. Build your own memorable brand instead (that is your specialty by selling domains, isn't it?).

Finally, it comes down to the quality of your domains. You need to be confident and know you have high quality, realistic domains. Otherwise nothing of the above will work.

Looking forward to your feedback.

 

[golan]

I have been for 10 years in ecomm, SEO etc, but the "pure domaining" is quite a new business for me. I like it very very much, it's really a lot of joy for me, but i treat it as a hobby. Indeed, if i was guaranteed to sell for $4x every month, i would drop my SEO domaining and many other time consuming things without batting an eyelid. But i'm well aware that no one will give me such a guarantee, so i look realistically at all this.

Of course, developing sites is much more sure and secure business. You earn on Adsense or affiliating, and if the revenue is steady you can always flip the site for 20X or even 30X of monthly income. But that's all very and very time consuming, and also money consuming. Of course, finding a great name and selling it to an end user for high thousands with no time and work seems very easy and tempting then. But, come one. Should be realistic.

 

[sheng_hu]

Yes it worths it. But you need a lot of dedication and smartness to beat the market. IMO

 

[GetBigDomains]

I've now stopped messing about, experimenting and wasting my time.
Got lucky yesterday and the rest can go in the bin. If you have one that's
highly relevant to you, your knowledge, you can build on until the sale date
make money from until sometime in the future.. That's the one to pick.
I actually missed a nice little domain on NP going cheap as I wasn't paying my
full attention and again in an expiring auction I missed 198b.com I don't know it was okay
for entry level I guess. But I am delighted with and really I hope to go all guns in
Business plan, mentor, applying for finance and what ever it takes. I've done 3 lots
of business training and still don't always apply but this wasn't impulsive it was a calm
purchase, no frenzy, no hyper adhd it was just a cool and sweet deal. Something to
mull over, to savour and find highly agreeable. Well that's what I think the difference is.