Millionaire Domainers

[Sameh]

DomainTools Blog :

Calling all Millionaires. We are putting together a list of everyone in this industry that has made a million dollars from domain names. The list is long but we need your help to complete the list.

Please submit names of fellow domainers that have made it big in the comments below. We will alter the post and put the millionaires that people suggest directly into the post.

As new people join the list we will try and do a blog post about them. Also as we get to it we will do a post about everyone already on the list.

[list clipped by request -- please view link below for current millionaire list]

From DomainTools Blog

 

[Lasher]

I disagree. When you look purely at numbers I've done pretty well with domains this year (mid-high xxxxx). When you factor in the value of time spent domaining, I could have made more doing other things.

What isn't counted in this of course is the value of future sales from domains I've acquired in the past year that will still happen even if I put zero further time into domains other than managing renewals on what I have. The picture probably looks better when that is added but would be based on estimates at best.

 

[Ronald Regging]

I disagree. When you look purely at numbers I've done pretty well with domains this year (mid-high xxxxx). When you factor in the value of time spent domaining, I could have made more doing other things.

This is especially true. If I factor in the hours I've spent over the past year, I've been working for pennies on the dollar But the real question is, would you have spent that time doing other things? I know I wouldn't. I'd be watching TV, or playing a game, or surfing the net, none of which would bring me extra income. And it's not like I would have taken on a second job just because I'd earn more money by doing so...

So you sort of have to factor these things into it when determining the value of time. Financially speaking, not all time is equally valuable.

 

[gazzip]

By the way, almost anyone can eventually be a millionaire. Even a married couple who each make $60k per year will end up retiring with a net worth of well over $1 million as long as they are smart about their savings and retirement plans, so they will become "millionaires". Regular looking people that you see on the street driving their toyotas can very well be "millionaires". I am not talking about those kind of jobs though. I am talking about the fast ways to million.

What planet are you from? you make it sound soooo easy, casual even - Have you done it yet ??


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[goodkarmaco]

If you are wise and make a million or you win the lottery and make a million, what good is it if you cannot keep it and enjoy it or use it to make more?.

I have known people who gained riches and only lost it quickly because they had no idea how to keep it. Everyone will want a piece of that million and the parasites, and this includes the taxman will bring you down faster then termites will destroy a house.

If you made a million, would you be able to hold on to it?

Remember, only coolie can afford to be rich.

 

[gazzip]

If I had started bigger I would have been even bigger today. .

If you started bigger you would probably be HUGE - You sure have had some luvely ones from what I have seen you post.

Was there a certain point that a great sale really helped get the ball rolling alot faster for you ?


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[SharonTucci]

The list seems to be people with major websites as opposed to selling domain names alone. I guess they still belong on the list but it's not really the same thing as just domaining.

Dan, Most of the people I have come across that have done very well with domains have done it either along side something else from the get go or they move into other things - ie to make use of the domains they have. There are an increasing number of domainers that don't sell domains. They don't need to. Development or offering related services is a natural step. It's the same thing as traditional real estate investors. What do the top tier people do? They buy property and develop, they buy existing developed property - they will then generate a revenue stream from it and leverage that to get more property. Take Donald Trump for example. How did he build his wealth? He has created a brand around his name and developed properties to match an image he wanted to convey. How many times do you hear of Trump selling properties?

You CAN make a decent income from simply trading domains, but to create REAL wealth, there's a little more to it than that. The market is getting increasingly crowded and if you aren't thinking a few steps ahead, you'll find yourself coming up short... especially if your only sources of income are parking revenue and domain sales.

 

[goodkarmaco]

Jp, thks, very inspiring.

 

[Chappy]

On a serious note, making a million in this industry within the last 2-3 yrs. for a reseller is not as hard or easy as one may think. You see me get great generics and many acronyms ( most youve never seen public like 8 LL org's, 10 LLL .com's 9 generic .com's and NNN's. ALL 5 figure names since January that never saw the boards ) time and time again. What you dont know is my initial investment was $500 ! Started as a complete domain and internet newb, I swear setting DNS was a HUGE issue when I started.

A good business sense and determination are the keys. Knowing the market and its potential resale value are vital. I can now afford to buy most anything I want from owners, the fact I dont is based on staying true to my business plan and " rules " . I have never been stuck, never lost money and never since the start questioned one buy.

If I had started bigger I would have been even bigger today. Seeing as I was a complete newb and knew NOTHING I started small and look where I am. No I dont earn millions a year but I do easily generate 6 figures a yr. Now to me easily= being rejected and burned 1000's ( no joke ) of times. No mass emails, I dont use fancy tools or scripts ( I wouldn't know how or care to learn ) Its me my two index fingers ( I cant type ) and determination. Countless 6 am bedtimes etc.

My advice anyone new or looking to invest is pick a niche, read up and then hit the pavement. Patience is key as well.

Listen to this guy, people. He is an inspiration to us all. I have been in this game for less time than JP but I was able to learn from his advice and business methods. An initial $250 has turned into 'lots' more and there is plenty to come. Of course there is some luck required . Also, unfortunately I have a busy, somewhat high profile, day job so the 6am bedtimes are not so easy for me!

Peace and love to all! :yell:

 

[john_karr]

I have not made a mil from domains and if i had i would keep it quite as well.

Well said old chap!!!

 

[Ken_]

If you give me 999,999.00 dollars, il chip in the other dollar and you can add me to the list.

 

[GeoOwners]

My advice anyone new or looking to invest is pick a niche, read up and then hit the pavement. Patience is key as well.

I think pick a niche is great advice...if you wander around buying any domain that "sounds cool" it hurts you...imo. I recently picked a niche and within 2 months feel much more successful...it also lets your research time be more focused, making you an expert in your niche and thus you'll instantly know what a name is worth when you see it.

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[Broker]

I will eventually become a millionaire domainer. One dollar at a time!

And notta one here will ever be informed when I do

 

[mwzd]

There are an increasing number of domainers that don't sell domains. They don't need to. Development or offering related services is a natural step. It's the same thing as traditional real estate investors. What do the top tier people do? They buy property and develop, they buy existing developed property - they will then generate a revenue stream from it and leverage that to get more property

This is an excellent observation. I have never understood any reason (aside from financial liquidity) why a profit making website would be sold. Like killing the goose that laid the golden egg.

You CAN make a decent income from simply trading domains, but to create REAL wealth, there's a little more to it than that. The market is getting increasingly crowded and if you aren't thinking a few steps ahead, you'll find yourself coming up short... especially if your only sources of income are parking revenue and domain sales.

Right. Real wealth comes from leveraging your best domains for more than sales. I'd prefer a 24% ROI per year than a 200% ROI on a sale anyday.

 

[kev]

I will eventually become a millionaire domainer. One dollar at a time

I think i can do it aswell...im still really young and i think ive got the determination and the talent to do it. But as long as I have my family and friends, I'll be happy :tu:

 

[goodkarmaco]

kev,

those are great priorities.