Is this industry real???

[aotgroup]

Hi all, Is this industry real, it could be easily seen that the industry of which i have no experience is an industry full of dreams for the new entrants, as in what might be and if i could only have this or that?. I can see that there is some real business behind it all or are we just chasing a dream???

please discuss?

 

[aotgroup]

it would appear that 47 people have viewed and nobody wants to make a comment..............??

 

[MeanerDomainer]

I don't have that much experience in the field, but here's what I think:

Numerically, the vast majority of people who try domaining lose money.
(Naturally, just like with anything else, those who really make a commitment to learn and stick to it have a much better chance)

The average domain sale price is much, much smaller (both mean and median, but particularly median=most common $ amount paid) than most dreamers looking to enter the field think.

The business is very "incestuous" in the sense that most domain sales are from one domainer to another
(Yes, a sale is still a sale, but enduser sales usually bring more $).

Study a lot, understand what makes a domain valuabele, what makes one worthless, how to sell domains, etc. etc. before you start buying, otherwise you are throwing away money.

Like in the goldrush, the majority of those who sold the showels made money (registrars) and the vast majority of those who were looking for gold (domainers) lost money or at the very least made much less money than they would have by just working a "regular job". (Yep, sure they did have more adventure and flexibility and a slim change to strike it big etc.)

 

[clarew]

Your probably out of your league. That is why you feel that way.
The complexity of this business is way more than the average person thinks. It is very very complex. Not just searching for domains.

 

[inventor]

Please don't lump "us" together. The majority of domainers (if you wanna call us that) that do make money are nothing like you. You obviously have no idea what you're talking about so take some time out and read the forums for a little more. And please don't make pointless threads to receive some false hope that you might make money buying and selling domains.

Thanks,
Inventor

 

[Sparhawke]

You have been in this forum for 4 years, way longer than the 1 year I have been doing it and you still feel the need to ask questions like this?

The trick is to recognise domains that can be sold to an end user, or to someone who may know some end users and while that can be taught a degree it is natural to some.

Personally, I do not care about screwing people for the big bucks, I just buy one or two per day and if it makes money I am happy...and let me tell you, I am nearing a permanent orgasm with some of the success I have had.

Some people have it, and some do not...You can spend your life chasing the perceived success of others or you can start creating that success yourself.

One day I will make it to that $1M sale and so can anyone else, you just have to start at the beginning and work your way to it.

Many of the million dollar domains have been taken, but there are literally trillions of $100 domains that haven't.

I am personally wondering if you will choose the right path, or the left.

 

[Spade]

There is money to be made in this industry in many different ways. It takes someone who is clever and hard working to find the right mix and become profitable.

Most people think it is easy and simple - it is not.

There are quite a few domainers who make a solid living buying and selling domain names, its not as easy as it used to be, but its doable. Dont kid yourself though - it takes a special person to be able to make it in this game - its not for everyone.

 

[allroundguy]

On the net since 1993, I see that most people posting on forums know little about the principles of demand and supply, the basis of all industries.
The thing is: If You want something, pay whatever it takes before somebody else does. Don't listen to pricing advice: Value estimation is subjective to the evaluators who believe everybody should adopt their standards.
Beside this, I am sure an important part of the Internet forum population are kids or adults with low education, trying to "Get Rich Quick".
As in any industry, nice money is made.
For what concerns the initial post, there are chances that it is just one of the majority of posts, only to show the signature.

 

[mwzd]

Like in the goldrush, the majority of those who sold the showels made money (registrars) and the vast majority of those who were looking for gold (domainers) lost money or at the very least made much less money than they would have by just working a "regular job". (Yep, sure they did have more adventure and flexibility and a slim change to strike it big etc.)

Very nicely and correctly put.

Around 50k domains drop everyday - thats $400k in losses, every day, or $146 million every year.

What I'm trying to stress is that it's easier to lose money than to make money.

Personally, I do not care about screwing people for the big bucks, I just buy one or two per day and if it makes money I am happy...and let me tell you, I am nearing a permanent orgasm with some of the success I have had.

That had me in splits, added a new phrase to my lexicon - "permanent orgasm".

Jokes aside, you need to be realistic regarding your ROI and holding capabilities, just like with any other investment.

And just like in any other industry - you need market intelligence to know which 'properties' are worth holding and which need to be liquidated and when.

There is money to be made in this industry in many different ways. It takes someone who is clever and hard working to find the right mix and become profitable.

Most people think it is easy and simple - it is not.

There are quite a few domainers who make a solid living buying and selling domain names, its not as easy as it used to be, but its doable. Dont kid yourself though - it takes a special person to be able to make it in this game - its not for everyone.

Perfect explanation Spade.

If anyone tells you that you can make money fast from any field without any application, they're probably pulling a fast one on you.

As in any industry, nice money is made.

But it's tough, a lot tougher than it appears, but the correct application of your learning here is sweet.

 

[Coopey]

You have been in this forum for 4 years, way longer than the 1 year I have been doing it and you still feel the need to ask questions like this?

This forum has a web design section and areas to buy and sell full websites. It is not just about domaining.

 

[aotgroup]

hi, my point was that there are many more people on the web and maybe in this industry that paint a rosy picture of "how i make $34k in a month" which easily fools people into jumping into it.
It was not ment as a dig at people and after reading the comments made it was pretty dumb.
Please close thread.
thanks.

 

[chillaxin]

Yes this is a real industry. To be honest, It took me 2 yrs to start making decent money. To all the newbies reading this, here is some advice. Stay away from domains that "sound good" They might sound good to you, but they wont make sense to anyone else. for example. I regged mychildscredit.com. That sounds awesome to me but noone else thought so.Use expiring domain auction sites. Like tdnam,Pool,Namejet, or snapnames. When you find a name you like research it. Go to Google keyword tool and see how many searches it has, and what the cpc is. Once you acquired your domain, don't just list it on an auction site. You have to find the buyers yourself. No one will work harder for you than yourself. I know what your thinking, "but chillaxin you reg hyphenated domains". That is my niche, what is yours?

 

[werty]

I started making consistent money after 8-10 months of hard work. I failed plenty of times. Spent my budget on worthless domains... But never gave up. I am now flipping domains regularly, and making a lot more than I expected. Yes, you can make a living from domains. You just need to find your niche, and a solid plan to follow with persistent action.

 

[nuke007]

I don't have that much experience in the field, but here's what I think:

Numerically, the vast majority of people who try domaining lose money.
(Naturally, just like with anything else, those who really make a commitment to learn and stick to it have a much better chance)

The average domain sale price is much, much smaller (both mean and median, but particularly median=most common $ amount paid) than most dreamers looking to enter the field think.

The business is very "incestuous" in the sense that most domain sales are from one domainer to another
(Yes, a sale is still a sale, but enduser sales usually bring more $).

Study a lot, understand what makes a domain valuabele, what makes one worthless, how to sell domains, etc. etc. before you start buying, otherwise you are throwing away money.

Like in the goldrush, the majority of those who sold the showels made money (registrars) and the vast majority of those who were looking for gold (domainers) lost money or at the very least made much less money than they would have by just working a "regular job". (Yep, sure they did have more adventure and flexibility and a slim change to strike it big etc.)

Very well said. Excellent post.

I will only add learn, read and read before you invest money. There are so many things in this industry. You need to find your niche. Many people here write articles and make living. Some develop just templates and make money. Some develop code, submit sites provide link building services and they also make living or make some money. Finally on domains very few are making big dollars , few are getting small amounts via reseller/ end user sale. Industry is still new and is constantly changing with addition of new domain extensions and laws governing in each country.

Thanks

 

[snoop]

Many of the million dollar domains have been taken,

Actually they are all taken. I don't think there has ever been a reported sale of one million or more for a domain registered post 2000.

 

[nrmillions]

Actually they are all taken. I don't think there has ever been a reported sale of one million or more for a domain registered post 2000.

i think Wiki.com sold for around $3 million and was registered in 2001. i am sure there are also many unreported sales of hand regs after the year 2000 that have sold for 7 figures. it would take a lot of luck though such as owning something like iphone.com and then all the sudden apple makes a product with the same name.

 

[snoop]

i think Wiki.com sold for around $3 million and was registered in 2001. i am sure there are also many unreported sales of hand regs after the year 2000 that have sold for 7 figures. it would take a lot of luck though such as owning something like iphone.com and then all the sudden apple makes a product with the same name.

Wiki.com was never sold $3million, the "sale" was a publicity stunt to get them in techcrunch etc. Half a dozen lease payments of 10k were made and that was it.

I don't think the data supports the "I am sure" part, there is just no record at all of a name registered this century going for $1million. I don't think there is even any at 500k+. It just doesn't happen.

 

[inventor]

This thread took a complete turn. If you felt you needed to "warn" "noobs", you should have posted this in the beginner section.

Inventor

 

[allroundguy]

aotgroup, don't worry. It is normal that You begin to doubt about some things if results are slow. You are not alone. But You dare to say it. Domain value is in between the ears. Some people want a domain for what the SLD describes, while others have no use for it. Some people want a domain because they have a special usage for it or sentiment about it, while other people have no idea why somebody wants that specific domain. Let me ask You all: Would You buy a domain like TwoCows.com (tucows.com) - Yahoo.com (You know what is a yahoo) - tdnam.com (haha) - etc. Value is what people do pay, not what people think you should pay or not. Overpaying and underpaying exist only in jealous minds. Paid prices are always correct, because they worked!
Besides all this, Who cares about the name of a shop or business? It's about the product or the service. To have a high SERP, it takes web content SEO and not SLD content. Not found=No business ...
Success, everybody!

 

[chillaxin]

This thread took a complete turn. If you felt you needed to "warn" "noobs", you should have posted this in the beginner section.

Inventor

When you need to testify you need to testify.......I felt the spirit in me. so I am not sorry.