question Money in Domains?

[coco77]

Hey,

As the title says, is there money in domains?
I have been trying so many combinations and in different niches etc.

Everything good seems like it is parked and available for sale!

Hence my question.
Thank you

 

[Julio]

If you have the right domain names that wholesalers and endusers want then yes there is money in domains.

 

[nomen]

Unless you've got money to through around, i.e. you have the funds to buy obvious, really good domains, it's not easy (it's not easy even if you got the money). Not that it's impossible, but you really have to put your mind to it. And even that might not do it cuz you're not the only one.

So no easy money in domain investing. Just like any other business really...

 

[Nattydomain]

Money in this game is not overnight....and yes most of the good domains are taking but if there was NOT money in this game this forum would be dead!

 

[Ang]

It's a tough industry to break in to but yes there absolutely is money in domains. There is also a lot of wasted money in domains. Do some research, figure out your business strategy and only spend as much as you can afford to lose.

 

[infosec3]

I know of no other industry with a higher possibility of making money with such a low investment as in domaining.

The key issue is to do it right. Sadly, most domain investors aren't doing it correctly.

This is not to say it is easy or that you will get rich doing it, but be assured that there's a lot of money in this industry.

 

[DanBingham]

Hey,

As the title says, is there money in domains?
I have been trying so many combinations and in different niches etc.

Everything good seems like it is parked and available for sale!

Hence my question.
Thank you

Yes, providing you get it right. It takes a bit of patience, research and a lot of lessons learned!

 

[DomainVP]

It's not easy, and most people give up after a few months of blowing thousands of dollars; that's the cold-hard truth.

 

[DGMDomains]

It's not easy, and most people give up after a few months of blowing thousands of dollars; that's the cold-hard truth.

This and they also don't have any patience; so then they just end up just dropping all the names.

 

[urlurl]

best to stick with the .com, do some research and maybe find a mentor.

 

[Aaron.A]

Using driving as an example. You can't just read how to drive a car then jump in. You need to take the lessons, do the reading and spend a lot of money before you;re ready to hit the highway.

The same with domaining, it takes a year or two and a lot of wasted money just to get to grips with it, but it's a good learning curve and worth it in the end when the sales start coming.

As urlurl said, stick to .com (two words at most) and you'll have a better chance of succeeding early on.

 

[coco77]

I am very creative. I really do believe I can come with great names. But like I said in my first post, some great sounding domains are all for sale. Made me question myself if these ever DO sell and are developed lol

I will build a portfolio of great domains in different niches. Max spend of $2000 for this year and see how it goes from there.

I will be posting some domains soon that I have my eyes on. Probably in the domain appraisal section. Gotta familiarize myself with domain value etc too. Thanks guys for your advice!

 

[coco77]

Using driving as an example. You can't just read how to drive a car then jump in. You need to take the lessons, do the reading and spend a lot of money before you;re ready to hit the highway.

The same with domaining, it takes a year or two and a lot of wasted money just to get to grips with it, but it's a good learning curve and worth it in the end when the sales start coming.

As urlurl said, stick to .com (two words at most) and you'll have a better chance of succeeding early on.

Two words. Will look into that and find some niches that can work with that. But, I have some nice 3 word ones. Does that lower value by a lot? Thank you

 

[rhakim]

Domain name strategy is to buy good domain names at low price. Good domain names does not mean sounds good, rather domain names that is directly related to goods / service, that other people would need to use.

 

[Elon Swift]

There is a lot of money in this business and believe me when i say a LOT ! You can very easily make huge amounts of profits with no effort. Check google for the amount of money domains are sold.

 

[Pierre Barnard]

Not easy for sure.

 

[Cdomains]

No, no money here.

Run, run away very fast!!

 

[Cdomains]

You can very easily make huge amounts of profits with no effort.

I can't tell if you are serious?

No effort?

Really??

 

[Domains - Wanted]

I know of no other industry with a higher possibility of making money with such a low investment as in domaining...

↑ This!
Caveat: as with most things, you must know what you're doing. This takes time and mistakes and a little money to attain. But you're sure in the right place, here at Namepros, to start you off on this road

 

[doubleU]

It's getting harder to make easy cash in domaining, before 20 years ago you could have just banged your head of your keyboard selecting 3-4 letters, pressed the 'Buy .com' button, sit back for for a few years and VOILA - you would have made a fortune.

Nowadays you are more than likely going have to find the needle in the haystack to make a profit and to do this you need lots of knowledge and foresight.