I stand by what I say, there is a definite tier system in the domaining world as there is with any business; Frank and Rick Schwartz is at the top with Rick Latona and others and then you have us at the bottom nibbling away. And some eventually make it to that millionaire domainer status which I hope one day to reach.
Think of it in terms of ROI. While it may be hard to sell an expired $7 name for a million today it is definitely possible to sell an expired $7 name for 1-10k.
Turning a $7 investment into 1-10k to me is more impressive than turning a 10k domain into 100k. When you land one of these type of sales then you roll a portion of your profits back into the game so over time your portfolio gradually improves and it was all paid for by profits.
Some of the most successful domainers are anonymous and don't blog as blogging brings guys stalking all your regs. Reason a lot of new guys are considered experts because guys making money usually don't have time to blog as they are scouring drop lists and don't want added competition.
I have only purchased 1 domain at snapnames in the last 9 or so years as all the rest were expired $7 .com pick-ups with a few hand regs as well. Will any sell for a million probably not. Quite a few have/will sell in the 1-10k range and a few in my long term hold pile possibly high xx,xxx to low xxx,xxx.
Buy domains that make sense to a business as they have higher budgets than domainer type domains and list them everywhere Sedo, GoDaddy, your own site etc...
The cost of entry in domaining is really low considering the potential. Good domains sell themselves just gotta make the right choices and be able to appraise what they are worth to the business and be able to gauge the buyer and ask for what they are worth and a little patience sometimes.
Guess my main point is it's not about million dollar sales as those expired $7 domains are long gone, it's about ROI. Harder today then years ago sure, impossible? not at all.
Good Luck on achieving millionaire status.
