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It only takes one domain...

Labeled as discuss in General Domain Discussion started by DefinitelyDomains, May 21, 2018.

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  1. DefinitelyDomains

    DefinitelyDomains DefinitelyDomains.com Gold Account VIP

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    ...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'.
     
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  2. frank-germany

    frank-germany F1lter.com xpired domain search engine Gold Account VIP

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    that post maybe fraud
     
  3. DrJacoby

    DrJacoby Established Member

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

    DefinitelyDomains DefinitelyDomains.com Gold Account VIP

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

    Rory Ivey Active Member VIP

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    I understand the quote. Thanks for sharing.
     
  6. DefinitelyDomains

    DefinitelyDomains DefinitelyDomains.com Gold Account VIP

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    In this industy, anything is a possibility! (y)
     
  7. urlurl

    urlurl Active Member VIP

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    what name are you referring too?
     
  8. domainventure

    domainventure Active Member VIP

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  9. namerav

    namerav Market Restricted

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  10. DnEbook

    DnEbook DataGlasses.Com ★★★★★★★★★★

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

    Acroplex Top Member DomainGang.com PRO VIP ★★★★★★★★★★

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    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.
     
  12. johname

    johname Planet Futbol VIP ★★★★★★★★★★

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

    DeliDomains Oswin

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

    LAYNESHALE The Domain Junky

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    Everything in this business is about timing, timing, timing!
     
  15. DnEbook

    DnEbook DataGlasses.Com ★★★★★★★★★★

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    Too many people think their name is worth a million and then ten years later they end up dropping it
     
  16. nitg16

    nitg16 DNDiary.com VIP

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    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.
     
    Last edited: May 22, 2018
  17. Slumbee

    Slumbee New Member

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  18. DrJacoby

    DrJacoby Established Member

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    Quality of domains has nothing to do with it?
     
  19. Ollie3000

    Ollie3000 Upgraded Member Gold Account VIP

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    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!
     
  20. Kate

    Kate Domainosaurus Rex VIP ★★★★★★★★★★

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    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.
     
  21. CJ6

    CJ6 ... whatever VIP

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    My client would like to buy your domain for $1 million. My client requires a certified appraisal done first. 😂
     
    Last edited: May 22, 2018
  22. Ategy.com

    Ategy.com NameCult.com Gold Account VIP

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    Nobody even relatively new to domaining should ever think about selling a domain for $1,000,000! lol

    Selling domains for a million+ means buying domains for 5 and more likely 6 figures. Something I wouldn't recommend for anyone new to domaining until they can be absolutely sure they are getting the RIGHT domains with actual potential of selling at a profit.

    The more realistic model is buying domains at $xx-$xxx and selling them for $xxxx .. even with those more realistic goals there is a lot to learn and domaining can be a challenge ... but having headlines saying it just takes one domain to become a millionaire does more harm than good for the industry as it simply creates false hope and sends newcomers down the wrong path.
     
  23. NameSplice

    NameSplice Established Member

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    That's it! Going set all BIN to 1 mil :greedy:
    Let's hope 1 sells! JK:xf.grin:

    Sure it's motivation with high hopes.
    Let's be a little more realistic and read some of the sales threads here. Maybe not 1 mil sales on one name but more of realistic prices which is still great motivation imo.
     
  24. MetBob

    MetBob Active Member VIP

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    While I get the message of patience and hope, stated with the "million dollars" bothers me as yet another "Flip domains for easy huge profit" kind of promotion that I think does a disservice to serious domain investing. Too many have been dragged into this business thinking you just register a few domains and huge bucks will come your way.

    The vast majority of domain investors will need to work very hard to make a small profit. They will need to use critical thinking in choosing quality names, be smart in reducing costs, do the hard work of learning the market and doing analysis, have skill in completing deals, and much more.

    If the headline was it only takes one domain to break even (or even see a profit), I would agree. There are long dry spells, and it is important to realize that one significant sale can make up, but the million for one domain is simply unrealistic.
     
  25. Rory Ivey

    Rory Ivey Active Member VIP

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    I took it to mean that, one domain sale can get you out of a financial funk and give you some leg-room to invest smartly and get to your first million over time. It takes patience, hard work, mistakes and alot more...That's why only a few make it that far. I hope to make it to that level. I will.
     
    Last edited: May 22, 2018

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