It's been 2 months since my last job - Domaining is paying the bills

[DN BROKER]

Years of long hours and mistakes, I'm now at a stage of my life, were domaining is making me money on a weekly basis. Thanks to expired domains, I'm doing well with end users.

I have not worked for 75 days now, have paid the bills by selling domains.

Those of you who complaint about this industry not being profitable, you are 1000% wrong. I'm buying an average 1-5 domains a day now. The turn around for profit is very quick as well.

I'm not making a killing, but making 300-2000% profit on each domain.

 

[bmugford]

You are correct. If you dedicate the time and effort and make the right buying decisions you can do very well.

I picked up a domain yesterday that people on the appraisal forum were saying was worth Reg Fee - Mid $XX for low $XXX, and sold it to another reseller for low $X,XXX

To really make it in this business you need to know what domains have value to end users and why. It also really helps to be able to value a domain name since there is no real price guide.

Brad

Years of long hours and mistakes, I'm now at a stage of my life, were domaining is making me money on a weekly basis. Thanks to expired domains, I'm doing well with end users.

I have not worked for 75 days now, have paid the bills by selling domains.

Those of you who complaint about this industry not being profitable, you are 1000% wrong. I'm buying an average 1-5 domains a day now. The turn around for profit is very quick as well.

I'm not making a killing, but making 300-2000% profit on each domain.

 

[DN BROKER]

The problem with Domainers are - most of them are not experienced enough to know what is profitable in the short term or long term. They jump to conclusion and place a price on any domain they find attractive or ugly. A minimum of 3-5 Years of experience in the Domain Industry is required to have a good understanding of the aftermarket.

I got $200 US yesterday for a domain that would not sell for $10 here.

The problem is Rookies who jump to conclusion and claim they are experienced enough and that their appraisal of your domain is 100% correct.

It took me a long time to get to this stage of Domaining, I'm not perfect - but I have an eye for what sells now and who will buy!

 

[Seabass]

Congratulations ! Another one shifts from the job column to the income-producing asset column.

We need more stories like this to keep legitimizing the market.

.

 

[jeffoverman]

congrats!

hope the momentum carries with you for a long time!

 

[DN BROKER]

Thank You very much - hope the energy spreads to all of us who work hard.

 

[Michael]

Congrats! :tu:

I think the part I enjoyed most was not having to commute any more. Wasting 2 hours of my day sitting in traffic was a nightmare.

 

[DN BROKER]

Congrats! :tu:

I think the part I enjoyed most was not having to commute any more. Wasting 2 hours of my day sitting in traffic was a nightmare.

i dont have to work with people who think they are better then you, just because they make more money!

 

[cache]

If you are buying 1-5 domains a day, are you selling 1-5 domains a day?

 

[Blake]

Wow this was a very inspirational thread that took a very bad turn to the worst.....but back on subject congrats on achieving what i feel we all do this for.

Thanks for sharing

 

[Vito]

you delete every single one of your posts, because they make absolutely no sense.

Seriously???
Hmmm??

I dont have or want to take the time out to check out all 2000 of his Posts but???
Wow,
I have never seen that before on ANY forum.

Only case I have seen someone erase their Posts is after they buy or sell a domain,
for the sheer fact...
They dont want anyone to know the previous sales price.
If THAT is not the case, then that is Friggen suspicious!

Well, If your OP is or isnt true...
We all hope for the same thing one day!

So, In leaving, I will say...Congrats and WTF???
LOL

 

[alien51]

Rather than getting inspired by so-called "success stories", I'd rather be more interested in knowing the STATISTICS of making it big in domaining. For example, if you read about 100 people who made it big with their domains, how about the other 500,000 other losers who are earning 80 cents a month from their domains?

It's like a PYRAMID scam. If you got in early, you'll be telling stories of how much money you are making. Those people who joined at the base of the pyramid, all lost their shirt. If domaining is based on a solid business model of free-market competition, then it would not matter if you join the business now or later - you'll always have a chance. But we all know domaining is a monopoly. The early birds have hoarded the best moneymaking cows in the industry. The rest of the population are just trading the names among themselves, until such time that the price of a name gets so inflated for no reason, it drops off after say 3-5 years from different hands. Then the pricing cycle starts another loop when some guy picks it off at reg price, and the "profit story" gets restarted by trading the name all over again. In-between these "trading cycles", there will always be people who will profit.

 

[DN BROKER]

Rather than getting inspired by so-called "success stories", I'd rather be more interested in knowing the STATISTICS of making it big in domaining. For example, if you read about 100 people who made it big with their domains, how about the other 500,000 other losers who are earning 80 cents a month from their domains?

It's like a PYRAMID scam. If you got in early, you'll be telling stories of how much money you are making. Those people who joined at the base of the pyramid, all lost their shirt. If domaining is based on a solid business model of free-market competition, then it would not matter if you join the business now or later - you'll always have a chance. But we all know domaining is a monopoly. The early birds have hoarded the best moneymaking cows in the industry. The rest of the population are just trading the names among themselves, until such time that the price of a name gets so inflated for no reason, it drops off after say 3-5 years from different hands. Then the pricing cycle starts another loop when some guy picks it off at reg price, and the "profit story" gets restarted by trading the name all over again. In-between these "trading cycles", there will always be people who will profit.

Some of the Big players in this business made most of their money with TM Domains! Then they used the profits from TM Domains to buy Generic Domains.

For the rest of us who started late, their is still room to make money. I made my first sale with in 9 months - turned a $30 investment into low $$ $$$ profit!

Monopoly exist in all industries and Politics!

I'm not making money with domains I owned since 2005, rather with domains that are dropped on a daily basis!

I spend several hours in different times of the day and search through 5000+ domains. If I GET LUCKY - I may pick up 1 - 5 domains a day.

It takes time to know your game, the only way to learn is to make mistakes!

 

[Blastoff]

Well, there are new industries, slogans, sayings, etc. coming out/starting up all the time, hence, if you are smart enough to see the writing on the wall and buy early enough, you can make money too. Examples, yeswecan.com, stemcellresearch.com, touch.tv, etc. I'm sure there is better examples but, you get the point.

 

[DN BROKER]

to make $$$ $$$ or to become RICH fast is very hard if your starting with a low budget.

You can buy a domain for $30 000 + and a make healthy profit in 2 years... better then stocks!

to get lucky, is like winning the lottery - iphone.com is an example of a lucky guy who settled for $$ $$$ $$$ - we all want that - but its rare these days unless corporations make stupid mistakes like Koodo mobile and not buy the koodo.com for cheap before they expose their product!

 

[Seabass]

Rather than getting inspired by so-called "success stories", I'd rather be more interested in knowing the STATISTICS of making it big in domaining. For example, if you read about 100 people who made it big with their domains, how about the other 500,000 other losers who are earning 80 cents a month from their domains?

It's like a PYRAMID scam. If you got in early, you'll be telling stories of how much money you are making. Those people who joined at the base of the pyramid, all lost their shirt. If domaining is based on a solid business model of free-market competition, then it would not matter if you join the business now or later - you'll always have a chance. But we all know domaining is a monopoly. The early birds have hoarded the best moneymaking cows in the industry. The rest of the population are just trading the names among themselves, until such time that the price of a name gets so inflated for no reason, it drops off after say 3-5 years from different hands. Then the pricing cycle starts another loop when some guy picks it off at reg price, and the "profit story" gets restarted by trading the name all over again. In-between these "trading cycles", there will always be people who will profit.

True.....there are those that trade worthless to semi-worthless domains back and forth.....or let them drop and some other sucker picks up the ball to lose money on the same domain.....but those folks are not buying/looking for the right type of domains. And, you are only talking about a sector within the domaining market that behaves this way

I make money daily buying and parking TDNAM, NameJet, and owner puchased domains. It's NOT a pyramid scheme....I assure you.

There is more to the world than .com's ......and the big new opportunity is ccTLD's. Read Rick talking about domains you can hand reg right now that make money right now.

http://www.ricklatona.com/2009/01/2...hat-they-should-mean-to-your-domain-business/

You need to be your own success statistic. Doubting and second-guessing will never make allow you to make it big.

.

 

[Michelle]

Congrats Mir :tu:


As for cctld... :tu: Goldmine

 

[DN BROKER]

Congrats Mir :tu:


As for cctld... :tu: Goldmine

Thank You :great:

 

[Luvdomainz]

Thank you for sharing! Glad to hear all the long hard work finally paid off! Stay positive, enjoy what you do and you'll continue to be successful!

 

[bmugford]

There is no need to sell as many domains as you buy if.

1.) You have a high ROI
2.) Are not in flipping mode.

Quality domains only go up in value long term, especially keywords. Not every domain is going to be a winner, but they don't have to be when the winners have high ROI.

For everyone who thinks luck is involved, it is a minor factor. People rarely get rich buying domains from domainers and selling to domainers. You make money from buying domains with potential end users, then finding those end users.

Brad

If you are buying 1-5 domains a day, are you selling 1-5 domains a day?