discuss It only takes one domain...

[DanBingham]

...to make you a Millionaire'

I read this elsewhere within another forum post here on nP recently, and I guess it's stuck with me. As domain name investors, we all know how unpredictable this industry can be, and we all come across times where sales slump or become non-existant.

Next time you feel demotivated and ready to give up, remember that it really 'Only takes one domain to make you a Millionaire'.

 

[frank-germany]

...to make you a Millionaire'

I read this elsewhere within another forum post here on nP recently, and I guess it's stuck with me. As domain name investors, we all know how unpredictable this industry can be, and we all come across times where sales slump or become non-existant.

Next time you feel demotivated and ready to give up, remember that it really 'Only takes one domain to make you a Millionaire'.

that post maybe fraud

 

[DrJacoby]

Yep, you only have to buy Sex.com or X.com from the GoDaddy closeouts to become a millionaire. Shouldn't be too hard.

 

[DanBingham]

that post maybe fraud

Possibly, and you might be quite right, however the statement is true.

 

[LaunchUp.com]

I understand the quote. Thanks for sharing.

 

[DanBingham]

Yep, you only have to buy Sex.com or X.com from the GoDaddy closeouts to become a millionaire. Shouldn't be too hard.

In this industy, anything is a possibility!

 

[urlurl]

what name are you referring too?

 

[domainventure]

 

[namerav]

Good thought ✌

 

[DnEbook]

It will be work associated with the domain/business that really makes the money

 

[Acroplex]

Is the domain aftermarket in a slump? Definitely.

It has been down before and rose back up.

The OP's message is about not calling it quits when the going gets tough.

 

[johname]

Cant make a Mil on one domain if you cant say no to 50k or 100k "take it or leave it" offer.

 

[MarkMetric]

Its not easy. But anything is possible. This is what drives me.

 

[member-1010456]

Everything in this business is about timing, timing, timing!

 

[DnEbook]

Too many people think their name is worth a million and then ten years later they end up dropping it

 

[nitg16]

Lol, after reading this newbies will go on hand reg spree.

Having said that, I am not sure about the millionaire part but domaining can make you loose your savings.

Domaining is like roulette, when one player bets on "0" and wins a huge amount, some other players get influenced and start taking risks by betting on "0" without even considering the odds and then they loose. Dealers (registrars, sellers) enjoy it

Very few people make money, you have to tread carefully. A conservative, laid back approach can actually save you money, improve quality of your portfolio and odds of winning.

 

[Slumbee]

Great advice

 

[DrJacoby]

Everything in this business is about timing, timing, timing!

Quality of domains has nothing to do with it?

 

[Ollie3000]

If some of these ngtld's take off (fingers crossed) they'll be a few domainers that might get near the mark. But for .com, you'd have to already own an ultra awesome short single word and if you do own those, then you are probably fairly wealthy already!

However I get the post, don't give up it only takes one good sale to change your fortunes. That being said, don't blow all of your savings either!

 

[Kate]

How many domains sell for millions ? The odds of winning the lottery are higher.
It's important to keep expectations realistic, and set modest goals in the beginning. Otherwise you will lose motivation and money.