NameSilo

Lifetime domain profits

Labeled as poll in General Domain Discussion, started by MarketingStrategies.com, Mar 15, 2018

Replies:
48
Views:
6,155

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What is the approx. total profit/loss you have since you started domaining?

  1. -$25,000+ (lost $25k or more)

    31 votes
    6.0%
  2. -$15,000 to -$24,999 (loss)

    12 votes
    2.3%
  3. -$5,000 to - $14,999 (loss)

    23 votes
    4.5%
  4. -$500 to -$4,999 (loss)

    50 votes
    9.7%
  5. -$499 to $500 (small or break even)

    101 votes
    19.6%
  6. $501 to $5,000 (profit)

    85 votes
    16.5%
  7. $5,001 to $15,000 (profit)

    46 votes
    8.9%
  8. $15,001 to $25,000 (profit)

    21 votes
    4.1%
  9. $25,001 to $100,000 (profit)

    55 votes
    10.7%
  10. $100,001 to $500,000 (profit)

    43 votes
    8.4%
  11. $500,000+ (profit)

    47 votes
    9.1%
Total: 514 vote(s)
  1. lambo.com

    lambo.com GAX.com VIP Gold Account

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    By your own admission, you'll never make a profit. :xf.wink:
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. trelgor

    trelgor Established Member ICA Member ★★★★★★★★★★

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    I’ll postpone profit (and tax) by reinvesting. And then I’ll reconsider as I did lat year, because what’s the use of money if you can’t enjoy it? And then the taxman takes most of it. But the overall strategy is profit and tax later.
     
    Last edited: Mar 16, 2018
  3. alcy

    alcy Top Contributor VIP

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    the 3 stages of life of a domainer:

    1 - wasting money
    2 - getting back to zero
    3 - profit
     
  4. trelgor

    trelgor Established Member ICA Member ★★★★★★★★★★

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    I skipped stage 1. Better not get back and bite me in the ass.
     
  5. Recons.Com

    Recons.Com Top Contributor VIP

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    Really good one :)
     
  6. lambo.com

    lambo.com GAX.com VIP Gold Account

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    Denial is coping mechanism
     
  7. Captdocs

    Captdocs Established Member

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    I need to sell more domains..
     
  8. MR Harrist

    MR Harrist Established Member

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    Let me Guess, MR.Patil make more than $500k from domaining:xf.grin:
     
  9. Anjani

    Anjani Established Member

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    Great Post!
     
    Last edited: Mar 17, 2018
  10. forge

    forge around about VIP

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    I get the feeling that what this thread needs right now is a musical interlu.de

     
  11. Kate

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

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    Because:
    • domain addiction
    • dreaming (lots of dreamers in this business)
    • it is a hobby for most, so people don't mind losing a bit of money for the personal gratification and for learning a few things. The knowledge you get from domaining can help in your business or web development efforts.
    • many domainers are in fact domain collectors. In real life some people spend a lot of money on collections, it could be stamps, postcards, cars or firearms. It usually doesn't shock anyone.
    • delusion
    • many domainers think they are on the right track and should persist because they are making sales from time to time, and that could be true but that doesn't mean they are profitable. Making 5K in sales per year while you spend 10K on acquisitions and renewals is not a good proposition.
    • I don't think that the majority of domainers keep accurate accounts of revenue vs expenses, it's not that it is hard to do (a simple Excel sheet would do) but I don't think they want to see the figures. They know they are not profitable, but they don't know how deep. Ignorance is bliss :)
     
  12. Coinking

    Coinking Account Closed (Disallowed)

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    I just enter in domain industry 3 month ago and my total investment was $200 and now i have more than $500 profit because one of my hand reg domain sold to end user $200..
     
  13. trelgor

    trelgor Established Member ICA Member ★★★★★★★★★★

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    When the numbers rise, you will have to decide if you can muster jail or pay up.
     
  14. cordoba

    cordoba Top Contributor VIP ★★★★★★★★★★

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    What about income from monetizing names? Does this count as domain profit?
     
  15. learie

    learie Upgraded Member Gold Account

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    Just only if I had known what I know now, my credit cards would not have suffered loss...:banghead:
     
  16. barophobia

    barophobia Established Member

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    I haven't done anything with domains yet, so I didn't add any good data to this poll. I only put it in so that I could see the results. It's inspiring to see that far more people have gained than lost. Congratulations to all of you. It must be nice having your hard work pay off.
     
  17. biggie

    biggie Top Contributor VIP ★★★★★★★★★★

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    What is the approx. total profit/loss you have since you started domaining?

    why do you need to know?

    it won't help "you" sell more domains.

    many are so inquisitive about other domainers financial status, when they should focus on their own affairs.

    imo...
     
  18. lambo.com

    lambo.com GAX.com VIP Gold Account

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    LMAO :xf.laugh:

    There is no need, it's just a harmless poll which gives us a snapshot of how the community is fairing.
     
  19. MasterOfMyDomains

    MasterOfMyDomains Top Contributor VIP ★★★★★★★★★★

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    I am ahead of the game. $501 to $5,000 (profit) BIG mistakes at the beginning. To much work to go back 10 years to be exact
    Looking at this tax discussion is very interesting. Some people are going to be in for a real surprise one day. Your right MarketingStrategies, Crypto is going to be a bigger mess taxation wise, good news is mining fees will be a tax deduction when you get audited.
     
  20. BarryDavis

    BarryDavis Established Member

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    Impossible to answer. I don't buy to flip so I still own the vast majority of the names I bought. I happen to think the names I own are more valuable now than when I bought them. I bought fwb.net for $800. I've been offered $2500 more than once. But I turned them down. I bought 0dn.com for $375 built a site and was generating 400 to 1000 leads a day. I was offered $7 per lead. I bought blog-directory.org for around $4800. We built a site. It has over 25,000 bloggers and 50,000 blogs. I get $10 per blog. I bought kingsalmon.net for $50. What's it worth. I bought iwebsites.com for $3600 the same year website.com sold for $750,000 and websites.com sold for $975,000. I paid $3,750 for cdl.net. I hand registered superapp.co and was offered $5,000 2 months later. I bought personals.org for $3200. I pay for servers and I've paid thousands in labor. My point is I do have a sizable amount of money invested in this game. Well over $50,000 but I think the assets are worth more.
     
  21. DomainMagnate

    DomainMagnate Top Member PRO VIP ★★★★★★★★★★

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    Glad to see that 9%+ of forum members made more than $500K in profit and the majority were profitable also overall!
     
  22. tonecas

    tonecas Top Contributor VIP ★★★★★★★★★★

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    tax are important factor on overall profits. it's better to move to Panama or Gibraltar.
     
  23. SHOVON

    SHOVON Established Member

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    Exactly, I was about to search "burgerflipping.com"....
     
  24. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

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    46 members at the $500,000 plus range.
     

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