My wife thinks of my domaining as an hobby

[Fancy.domains]

Hello,

Even though I have told and shown her that about 50% of our household income (after fees and taxes) is generated from my domaining, she still insists that I spend too much time with it and that I should delete more names. I should also work more as a freelancing translator. A job that I actually 'hate', even though the income is ok too.

Our main income have been generated from internet for the last 15 years, so it's not a general anti-internet-digital thing. More that she think that domaining in general will probably fail, make us bankrupt, or something.

Do anyone have a similar, or perhaps a totally opposite, experience?

 

[Stick]

there's my big laugh for the day...thanks for that....! @Donny

 

[Donny]

Now my when my son (15 years old) tries to explain what I do to his friends, it turns into a total joke. Here are some of the one I have written down over the past year(s).

We aren't the people who make the fortune cookies, we are the people who come up with the lottery numbers on the back.

We don't create yellow number 5, we just make it more yellow.

Have you ever put gum under the chorus risers? We make the machine that removes it.

Do you wonder how they fill donuts with jelly? We invented that.

Have you ever seen Bob's Barricades? I know Bob.

You know that ice berg that sank the Titanic? We created a barge to move it so it won't sink any other ships.

Ever wondered how that IMAX screen stays so clean? And it doesn't involve using a lot of Windex.

Donny

 

[Billy Wagner]

I have an office, employees, insurance coverage, a 401k plan, and whenever people ask my wife what I do, she just says "porn". It's easier to explain than owning a domain parking company.

Donny

LOL!!!!!! That's awesome.

 

[pablohc86]

I think she see the translation as a "real job" as it's not involving any investments, just being paid by the hour.

that's exaclty the point.
most of the women (but also most of the people) love to have a stable income that come to the bank account every month.

with domains is hard to have a stable income and you have to work hard.
being employee sound more easier and less stressful

 

[Bonsu]

Lol!!!! @Donny you just cracked me up

 

[alistair80]

My wife actually likes it...cuz I did make good money off of it...I have other businesses too but I try to get her involved when I buy or bid on names...you have to get her interested. It's a trick and maybe one day she'll help you pick up better names

 

[DOMAIN ILLUMINATI]

One big deal can change a current, rather 'pessimistic' viewww to domaining faster than many little deals.
But exactlyyy after such a deal happened (that's what we all hope), it's probablyyy the best time to quit domaining.

 

[Fancy.domains]

One big deal can change a current, rather 'pessimistic' viewww to domaining faster than many little deals.
But exactlyyy after such a deal happened (that's what we all hope), it's probablyyy the best time to quit domaining.

I need to pay for my home, office, car, food, internet, insurances on a monthly basis, so I can not sit down and wait for a possible big sale.

I have to rely on several (often between 3-7) monthly BIN sales.

 

[DOMAIN ILLUMINATI]

I need to pay for my home, office, car, food, internet, insurances on a monthly basis, so I can not sit down and wait for a possible big sale.

I have to rely on several (often between 3-7) monthly BIN sales.

Of course we will use the 'meantime' for moderate sales (congrats) until the mega deal arrives, if we are smart. It's just that I think, if you will experience a mega deal one unexpected day (I hope so), your appreciated wife will sure get a 'broader' (more optimistic) viewing angle to your domaining in general.

That's obviously the difference between a domainer and his wife (if she is not into domaining):
The skill, to have this (optimistic) viewing angle alreadyyy before any mega deal.

 

[Fancy.domains]

Of course we will use the 'meantime' for moderate sales (congrats) until the mega deal arrives, if we are smart. It's just that I think, if you will experience a mega deal one unexpected day (I hope so), your appreciated wife will sure get a 'broader' (more optimistic) viewing angle to your domaining in general.

That's obviously the difference between a domainer and his wife (if she is not into domaining):
The skill, to have this (optimistic) viewing angle alreadyyy before any mega deal.

A "mega deal" would result in instant retirement for me!

However, all my domains (except a few websites) are BIN listed, most with 3 and 4-digit price tags. So these mega deals are non-existing in my mind, at least for the time being. 4-digit sales aren't moderate in my world. If I pick up a new gTLD for 20 dollars and sell it six months later for 100 times more, it is nothing but a success.

To my knowledge, there have "only" been three non .com 6-digit sales in 2017, so far. Sure, we can and should all dream, but still it is wise to keep things realistic. At least if this is your income in a country where welfare is non-existing (at least for foreigners).

 

[DOMAIN ILLUMINATI]

A "mega deal" would result in instant retirement for me!

However, all my domains (except a few websites) are BIN listed, most with 3 and 4-digit price tags. So these mega deals are non-existing in my mind, at least for the time being. 4-digit sales aren't moderate in my world. If I pick up a new gTLD for 20 dollars and sell it six months later for 100 times more, it is nothing but a success.

To my knowledge, there have "only" been three non .com 6-digit sales in 2017, so far. Sure, we can and should all dream, but still it is wise to keep things realistic. At least if this is your income in a country where welfare is non-existing (at least for foreigners).

Of course I understand 100 % what you are writing.

In comparison to such a mega - top - deal every sale under its mega - top - price is modest
in myyy wwworld.
It is wise to keep dreams realistic.

 

[elevator]

See, the mistake many domainers sre making is that domaining is not a job but an investment and should not be considered as job. So when profits comes it comes and.may not be every time or monthly like earning salaries. But when profit comes; it covers more than earning salaries. But if someone is taking domaining like monthly job; disapointment will start to come in. So domaining should be taken as it is - an investment.
PERIOD.

 

[togato]

You're clearly making a good deal of cash so what's the difference if it's a hobby or job. Both can generate funds. If you're not tipping the scale in the wrong direction (spending more than you're making as it does seem to be an addictive job and/or hobby), no problemo.

Maybe she has some good ideas for names? I bet if she made a sale off a name she came up with (or acquired), she'd find some joy in dolla bills. Shoe money? Vacation fund? The idea of a profit appeals to all.

Either way, compromise is king. So set a few boundaries on time spent or number of names you purchase. I bet a little effort will go a long way. You're spending too much time on [hobby, job, xyz] = you aren't spending enough time with me.

 

[platey]

I've told my wife its a hobby and she agrees as it doesn't earn more than my annual salary.

When I first started 4 years ago I wasted over $18k (NZD) in hand regs. I told my wife about it and we almost ended in a divorce due to my stupidity. I had to prove within a year I could make that money back or I should give it up. I was fortunate enough to make it back and now with every sale money goes into renewals,mortgage/holiday fund and a side pot for when I see a potential bargain domain for sale.

I've spendtover 40hrs a week for 2 years watching all the domain sherpa and youtube domaining videos, reading, buying & selling and I am now comfortable to spend only couple hours daily on domaining.

I'm a successful National manager for my company and thought how hard could it be applying my experience taking on domaining as it's only buying and selling real-estate online.

I was completely wrong, domaining is the hardest business hobby challenge i've found to master and still continuing to learn and love the challenge of it.

The great news is my wife fully supports me on domaining as I have paid for several overseas holidays, dinner dates, kids outings and we only have 5yrs left until our mortgage is paid off

I now maintain a positive P&L

In daily business its all about the ROI. I now ensure I apply the same ethics in domaining

Good point about profit and loss etc

Far too many domainers buy a load of domain names and can't sell them leaving them with a negative equity portfolio

So it's good to see you have a positive profit and loss portfolio

 

[shopman]

So domaining should be taken as it is - an investment.
PERIOD.

With a huge portfolio of quality domains, domaining can be a full time job.

 

[Bonsu]

I see domaining as an intriguing hobby and maybe a 2 hour per day job

 

[Fancy.domains]

With a huge portfolio of quality domains, domaining can be a full time job.

Agree! Of course it can. As long is it gives you a (somewhat steady) monthly profit.

Where I live a 7-Eleven employee makes 300 dollars a month! A domainer can make 3000 (or more).

 

[Fancy.domains]

See, the mistake many domainers sre making is that domaining is not a job but an investment and should not be considered as job. So when profits comes it comes and.may not be every time or monthly like earning salaries. But when profit comes; it covers more than earning salaries. But if someone is taking domaining like monthly job; disapointment will start to come in. So domaining should be taken as it is - an investment.
PERIOD.

Tell that to Schwartz, Cyger, Mann, Ye, Berkens, Rosener, Parsons, Schilling etc

 

[cyborg1960]

i never have a wife because i am bad domainer

 

[Fancy.domains]

i never have a wife because i am bad domainer

Just work hard and she will come while you're cruisn' in your Benz cab

Ps. I have a Toyota

 

[Jim Holleran]

This is how my wife thinks:

1) When I sell a domain, she is happy, I get some good sex

2) When I buy a domain she is not happy and I get no sex.

It's all good, 20 years married so must be doing something right But women sure are tough to please.

 

[Jim Holleran]

I have an office, employees, insurance coverage, a 401k plan, and whenever people ask my wife what I do, she just says "porn". It's easier to explain than owning a domain parking company.

Donny

Classic Donny! I guess that is better then selling drugs like my neighbors think(lol)

Also, I thank you very much for keep my marriage stable all those years with those parked.com paid on the 7th and 22nd each month like clockwork, you saved my marriage

 

[Doron Vermaat]

Be honest and ask yourself the question if you can make more money in an hour domaining or do something else (a regular job or a side hustle) - I bet a lot of us will make more money doing something else but simply enjoy domaining (up to the point that we're addictive) and therefore continue to put in a crazy number of hours.

 

[Doron Vermaat]

This is how my wife thinks:

1) When I sell a domain, she is happy, I get some good sex

2) When I buy a domain she is not happy and I get no sex.

It's all good, 20 years married so must be doing something right But women sure are tough to please.

I hope you have some liquid domains in your portfolio that you can flip quickly whenever there's a "need" for it

 

[VaibhavA]

My wife wasnt sure in what I was doing for the first 6 months. I guess cuz the money was only going out and maybe cuz I didnt get her totally involved.

Things started to change after that and now she spends a couple of hours everyday looking for names.