As I mentioned in another thread, I started domaining in July August last year. My first post on this forum is in July despite my join date lol And as every n00b domainer I overbid in a few Auctions, spent about 5 K in stupid Liquid name auctions (short names), and had no clue why some two word domain names without any backlinks would sell for thousands of dollars since EMD stopped working 10 years ago.. Earlier, I only bought expired domain names if they have clean history and good back links. Bought several names on Namepros as well, but luckily only short names (LLLL.com etc). I read a bit and started hand regging names, like a n00b fresh off the boat. Still had no clue about the two word names, and I thought some deleted names were better than some that were in Auction.. Silly me. Sometime in late August September, I discovered Squadhelp and started hand regging names. I might have registered about 60-70 made up names and got 25 approved from that spree. Many names were deleted during grace on Dynadot. Out of those I have sold one for 1399 I am yet to figure out how many names I hand registered, because, I also registered hundreds of .co and .realty during the promo. I am right now talking about normal reg fee hand reg. I am sharing this because a lot of people are addicted to hand reg and some people think hand reg is the way to build a portfolio and work up. Nothing is further from the truth. I have a feeling I hand regged around 400 names on the higher end. At least 300, based on what I can roughly check. I need to sort them on an excel. These are not the Promo names. So total cost will be around 4000 usd. From that I sold two names for 4 figures for a total of $2500 I sold two other names for a total of about 500. SO on my Hand reg I am still at a loss of $1000 and renewal will come up in 6-7 months Maybe I wil sell one of the SH names for another 2000 but I am not sure. I am just jotting down my thought as an exercise to organize what worked for me as well. Only my Auction domains, I have about 200 names for anywhere from 15 to 600-700 (This includes few Liquid names like LLLL, LLL etc), but on end user brandable names, I spent around 5 K... ( I will need to have a detailed information soon on where I spent, but that's not the point) From the about 5 K with of brandable mid level auction names, I sold around $15K worth. Now after I sold around 15K worth in November and December, I got too excited and I think I might have overpaid for a few names in the some recent Auctions, but I took it as a learning, and as a penance, I have not bought a single name in the last 5 days. Oh wait.. Except 1 name today I know auction names are overpriced, but that is only because of demand. I am not saying there is no money to be made in Hand reg. I mean I knew nothing and I managed to sell 2 names for 4 figure and I still have a few very good hand reg. This is simply sharing my short experience but it is a no brainer that in order to make more money (%percent as well as absolute profit) one must continue to improve their portfolio quality. One thing is certain, you do need some money to start with as this is a volume game at every level Even if you have very high quality names you need a good number. Sell through rate is something that the industry has come up with after millions of accumulated sales. A Newbie portfolio will sell at less than 1% sell through unless you are super gifted which you are NOT even if you think you are. Dunning Kruger effect. Very high quality portfolio can sell at 5% So to sell 1 mediocre names in a year for end user price, you need 100 names at 1%. To sell a name every month, you need 1200 names. At 2% you need 50 names to sell a name per YEAR and 600 names to sell a name every month. Hundred hand reg name will cost 1000 usd. And all names will be Shitty. Again there is a time and place for hand reg name. But that is a different discussion. 50 2% STR names will cost 3-5k So for a newbie without investment, only way is to flip names to other resellers or hustle to outbound GEO names to build a portfolio. 90% of the successful domainers started by doing the above. You need to pay your dues. Flipping domains to resellers is the hardest. I had money and I am fast learner so I skipped that and I read instead. But if you can buy domain names for 20-30 usd on closeouts and sell for 50-100 to other domainers, it is highly scalable and you will also fast track your learning.. Because you will know what domains are in demand.. But once you have built up a decent portfolio that pays 5 figures a month in profit after paying for new acquisitions and renewals, it is only uphill as long as you put in the work.. But the initial day are hard and I think this is when many people drop off. Sorry if this don't make sense.. I am just writing down my notes publicly.