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Probably done with "domaining", I suck...

Catch.Club Catch.Club

Clover

Find your luckRestricted (15-30%)
Impact
611
I have most of my domains listed on Dan, Epik, GoDaddy, and Afternic, I've never made a sale on any of those platforms, well, I did for $100 once but I had sold the domain + 2 other matching ones all for their reg value 2-3 days prior -_-

I get many complements on my domains and my ability to find good hand regs upon request, I was making $100 sales and was doing good at getting my money back for the ones I started with, but the past couple months I've not had any bites, not a buyer in sight, due to the markets and inflation I presume, but still, I feel like I'm holding on for a fantasy sale that will never happen, even a low $xxx offer would give me some hope. So far, this journey has given me a small profit, but with much research, and take a lot of time... Just not sure if things are balancing out.

Thanks.
 
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The views expressed on this page by users and staff are their own, not those of NamePros.

redemo

Mug RuithTop Member
Impact
2,454
I have most of my domains listed on Dan, Epik, GoDaddy, and Afternic, I've never made a sale on any of those platforms, well, I did for $100 once but I had sold the domain + 2 other matching ones all for their reg value 2-3 days prior -_-

I get many complements on my domains and my ability to find good hand regs upon request,
Who gives a flying f*** about other people's opinion. 1000 friends on Facebook sounds great but how many would bail you outta jail at 3am? Probably none. Opinion, hype, and popularity are all worth what to your bank balance? So consider the bottom line. You have invested x dollars and x hours to domaining. You are wiser than when you started, and from what you say you are also financilally poorer. To me that is progress. You paid for knowledge. Now you need to either quit, and there's no shame in quitting. Or you need to buckle up, dust off, and move into the next gear. You need a target and you need a plan and after that you need to take action based on your plan. It is possible to profit from domains but you need to stop listening to the bull$hitters and only listen to domainers who you really respect - and even they could be wrong. You need to believe in your plan and you need to go all the way. No half-arsed attempts. Mate, you have made loads of progress now you need to step up and don't back down. If you're going to quit do it now but do it for the right reasons.
I was making $100 sales and was doing good at getting my money back for the ones I started with, but the past couple months I've not had any bites, not a buyer in sight, due to the markets and inflation I presume, but still, I feel like I'm holding on for a fantasy sale that will never happen, even a low $xxx offer would give me some hope. So far, this journey has given me a small profit, but with much research, and take a lot of time... Just not sure if things are balancing out.
What do you mean? Without a target you're just pissing in the wind.
 
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Clover

Find your luckRestricted (15-30%)
Impact
611
I appreciate the info I've learned here, and it will help me in the future. I'm not sure about my decision on this one but I am sure about downsizing my portfolio because I am focused on other things now.

I've made some money but not enough to sustain this journey, not in this economy. Still keeping a lot, just letting go of many right now.

Bless.
 
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redemo

Mug RuithTop Member
Impact
2,454
I've made some money but not enough to sustain this journey, not in this economy.
That's an excuse. Never blame the economy. There are always possibilities. If people don't have much money why don't you use your domains to help people save money, and at the same time make yourself some money by helping them? Have you thought about that?
Still keeping a lot, just letting go of many right now.
Good, get rid of the dead wood and then monetise the diamonds. I'm sure your portfolio contains some short key word rich domains. You do know how easy it is to build a website right? I mean you speak English, and you clearly know how to operate an internet enabled device? If you just "don't want to do it" sorry but that's called being lazy, and you were never interested in profiting from your domain names from the start. I don't like running or eating healthy food but it's a quickfire route to good fitness.
 
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Clover

Find your luckRestricted (15-30%)
Impact
611
That's an excuse. Never blame the economy. There are always possibilities. If people don't have much money why don't you use your domains to help people save money, and at the same time make yourself some money by helping them? Have you thought about that?
I know how to use basic CMS software like WP and forums, but I'm not good with design, SEO, or any backend work really. Not really sure how to help people save money, I could try to think of ways. I am starting my forum now though, which is based around monetization and ways to make money online.

Good, get rid of the dead wood and then monetise the diamonds. I'm sure your portfolio contains some short key word rich domains. You do know how easy it is to build a website right? I mean you speak English, and you clearly know how to operate an internet enabled device? If you just "don't want to do it" sorry but that's called being lazy, and you were never interested in profiting from your domain names from the start. I don't like running or eating healthy food but it's a quickfire route to good fitness.
Agreed, and short key word domains? Idk, you can view my portfolio in my sig. Websites take me days of work to build because I'm not very experienced and am a perfectionist when it comes to my websites and the content on them. My buddy suggested that I build my domains and send traffic to them and sell them each for $100+ which I may do but would be more interested in working with someone that can create them quick and for cheap since I have many domains I'd like to sell, fast.
 
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redemo

Mug RuithTop Member
Impact
2,454
I know how to use basic CMS software like WP and forums, but I'm not good with design, SEO, or any backend work really. Not really sure how to help people save money, I could try to think of ways. I am starting my forum now though, which is based around monetization and ways to make money online.
One word. Learn. Trial and error. You have a good niche. Suggest you focus on one country, while allowing guests from any country. While you're not allowed to share your forum link here, have you considered reachong out to @Bravo Mod Team to ask for advice about starting a forum with your domain name. They are a friendly bunch and have probably endured more forum related headaches than most of the internet forums combined. A successful forum could make you extremely rich, but achieving success with a forum isn't all plain sailing, in fact it will probably end up being one of the greatest challenges of your life.
Agreed, and short key word domains? Idk, you can view my portfolio in my sig. Websites take me days of work to build because I'm not very experienced and am a perfectionist when it comes to my websites and the content on them. My buddy suggested that I build my domains and send traffic to them and sell them each for $100+ which I may do but would be more interested in working with someone that can create them quick and for cheap since I have many domains I'd like to sell, fast.
No reason you can't achieve success with a longer domain name, Short is great but memorable is the key. Doesn't need to contain keywords to be successful, more important is brand. Point in case being Namepros which doesn't include the word "domain" yet still comes up for many domain related searches.

microsoftonline.com is 15 long and 17th most visted website in U.S. and A.

mangakakalot.com is 12 long and 57th most visited website in U.S. and A.

stackoverflow.com is 13 long and 67th most visited website in U.S. and A.

surveymonkey.com is 13 long and 95th most visited website in U.S. and A.

theoremreach.com is 12 long and 98th most visited website in U.S. and A.

Why spend so much of your precious time building websites on your domain names only to cash-out for $100? You are worth more than that and so is your time.
 
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platey

Top Member
Impact
2,778
there are 2 ways to sell anything - direct sales eg outbound marketing to generate sales enquires and then a person has to be a good negotiator to be able to close the sale etc OR own a quality item that many people want but the owner of the item continually refuses to sell until an offer is too good to turn down eg although I know the principles and techniques and closes of direct sales and was trained to sell direct sales on 2 X 1 week direct sales courses etc and I know one of the best direct sales professionals with a 50% success rate etc i quickly realised direct sales is not for me as I have no interest in selling etc - I learnt more from direct sales when I started buying domain names because I use the domain kings strategy eg a direct sales professional that now just buys quality domains that people want and have the patience to wait for the big offers to come in and the ability to keep refusing offers eg the best way to sell is not needing to sell - but most domain name investors are desperate to sell instantly and have no patience and don't usually have the £'s to renew to be able to wait 5 or 10 years for a sale etc
 
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platey

Top Member
Impact
2,778
if domain name investors want instant results they should try - day trading - where a person can buy and sell stocks on the stockmarket where a person can invest £100 at 14.45pm uk time and have the potential to make 10% profit on their investment within 90 mins or lose 50% of their investment within the same 90ims their phone on the sofa etc day trading is very risky but yesterday I made £3k in 8 minutes fr a £20 k balance in a practice a count etc as o day trade options for fun as it's my interest etc OR a person can invest £100 in to bitcoin and a loan company will let you borrow 20% of your crypto investment etc because crypto is liquid and the stock market is liquid but only a few domain names are liquid etc eg 2 letter .coms are liquid at £500 k and 3 letter .com s are liquid at £15 k etc but most domain name investors want to buy domains at 2022 prices but want to sell their domains the next day at 2042 prices without having the patience to wait 20 years for time to add value to their investment etc the people that made millions from buying bitcoin in 2010 when bitcoin was available to buy for £0.0053p per bitcoin took a punt with money they could afford to lose eg £100 and did absolutely nothing and time added value to their investment which made many early bitcoin investors millionaires etc but domain name investing is not liquid for 95% of domain name investors and as such domain name registrar's should have a disclaimer on their website stating that 95% of domain name investors lose money just as most day trading apps have a disclaimer on their app that states that 75% of day traders lose money etc
 
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redemo

Mug RuithTop Member
Impact
2,454
Sorry but @Bravo Mod Team what in the hell is the point of anonymous down-voting one user's posts? I seem to remember getting banned then restricted for doing that to @biggie. Such a pointless feature of the forum.

imo
 
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redemo

Mug RuithTop Member
Impact
2,454
if domain name investors want instant results they should try - day trading - where a person can buy and sell stocks on the stockmarket where a person can invest £100 at 14.45pm uk time and have the potential to make 10% profit on their investment within 90 mins or lose 50% of their investment within the same 90ims their phone on the sofa etc day trading is very risky but yesterday I made £3k in 8 minutes fr a £20 k balance in a practice a count etc as o day trade options for fun as it's my interest etc OR a person can invest £100 in to bitcoin and a loan company will let you borrow 20% of your crypto investment etc because crypto is liquid and the stock market is liquid but only a few domain names are liquid etc eg 2 letter .coms are liquid at £500 k and 3 letter .com s are liquid at £15 k etc but most domain name investors want to buy domains at 2022 prices but want to sell their domains the next day at 2042 prices without having the patience to wait 20 years for time to add value to their investment etc the people that made millions from buying bitcoin in 2010 when bitcoin was available to buy for £0.0053p per bitcoin took a punt with money they could afford to lose eg £100 and did absolutely nothing and time added value to their investment which made many early bitcoin investors millionaires etc but domain name investing is not liquid for 95% of domain name investors and as such domain name registrar's should have a disclaimer on their website stating that 95% of domain name investors lose money just as most day trading apps have a disclaimer on their app that states that 75% of day traders lose money etc
Disagree. Day trading and selling domain names are both gambling. In reality when you have to pay for things like clothes and fuel you need a guaranteed source of income. Neither offer that.
 
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kaveri1996

Established Member
Impact
9
Domaining is not an easy task. It is very complex investment/business. You might have 100 brandable domains. Still you may not get a single sale. Exactly, this is what happening in domain industry. There is no hard and fast rule for domain sales. Very silly domains are being sold at 4 or 5 figure.

Domaining is not a gambling. But very remote chances to earn money out of domain sales. In my view, Less than 1% of investors are successful in domain industry. Rest of all hardly have 1 or 2 sales in a year. Many small investors are losing their money in anticipation of more sales. In this connection I appeal to everyone don't waste your hard earned money for the sake of domain investment. Be prudent choose right path.
 
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frank-germany

domainer since 2001 / musicianTop Member
Impact
14,206
I have most of my domains listed on Dan, Epik, GoDaddy, and Afternic, I've never made a sale on any of those platforms, well, I did for $100 once but I had sold the domain + 2 other matching ones all for their reg value 2-3 days prior -_-

I get many complements on my domains and my ability to find good hand regs upon request, I was making $100 sales and was doing good at getting my money back for the ones I started with, but the past couple months I've not had any bites, not a buyer in sight, due to the markets and inflation I presume, but still, I feel like I'm holding on for a fantasy sale that will never happen, even a low $xxx offer would give me some hope. So far, this journey has given me a small profit, but with much research, and take a lot of time... Just not sure if things are balancing out.

Thanks.
you made a profit... stick to it ... it takes usually 7-10 years for my domains to sell
 
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redemo

Mug RuithTop Member
Impact
2,454
Domaining is not a gambling.
Disagree mate, domaining is not necessarily selling (though most domainers are trying to load or offload). Selling is most DEFNITELY gambling because you can't guarantee a sale. If there was a repository for buying ANY domain names within set criteria for a set minimum fee, greater than your purchase fee, then obviously it isn't gambling. But for the most part selling domain names is gambling, and the house (seller or and marketplace) will usually win.
 
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Joshh71390

Top Member
Impact
534
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Joshh71390

Top Member
Impact
534
Disagree mate, domaining is not necessarily selling (though most domainers are trying to load or offload). Selling is most DEFNITELY gambling because you can't guarantee a sale. If there was a repository for buying ANY domain names within set criteria for a set minimum fee, greater than your purchase fee, then obviously it isn't gambling. But for the most part selling domain names is gambling, and the house (seller or and marketplace) will usually win.
the difference between gambling and other forms of income generation are simple... -> gambling you are bound by only one factor... the odds that are predetermined based on the choices that you can make...

-> you cant beat the odds of a roulette ball dropping into a specific slot on a prebuilt wheel just by playing more times... -> or practicing really hard... or having a team of 400 sales reps under you trying to move your domains... there isnt a specific number that is going to work better at with specific dealers... They might seem that way as in doubles popping up back to back.. but thats why if you tried to use that strategy... it will always be some fluke reason why it didnt pan out that trip to the table...

-> on the other hand... if you buy shit ass xyz names you will most likely never sell a name... theres no gamble someones gonna buy a;sdfkja;sdfjasdkfj;adslfj;lfkllsgkjf;gkjsd;fgkj;sdfgkjgkjdgjsdfkgj;dsflgkjdflk.xyz for 1000000 dollars

on the otherhand its EXTREMELY likely that you could sell ANY 1 word .com for that price if you put the correct ammount of work into selling the name at that price
 
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Impact
612
As some of you know, when I was 3 years old,
my mother abandoned me in the forest, and I was
raised by a pack of wild wolves. A wolf pack
lives a merciless, fierce, intense and aggressive life,
that does not countenance weaklings or sissies. I feel sure
that it is this upbringing that has made me into a successful domainer.
 
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Omar Negron

Top Member
Impact
1,600
The concept of domaining is fun because you can do it from anywhere in the world but also, the sales through ratio is incredibly low so if you are not out there proactively trying to sell your domain, it becomes a waiting game.

I have been in and out of domaining over the last few years but something ALWAYS pulls me back in! haha

Maybe I love the concept of owning "digital real estate" or whatever you would like to call it. Focus on buying domain names OTHER people would want. That's what I try to do.

-Omar
 
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Impact
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You have to understand this fundamentally.

There is no premium or crappy domain name. Its value is all in the eyes of the buyer.
I'll share an incident which happened with me few months back.
I bought a domain for $xxx from someone and offered it to a potential buyer for $xxxx

Initially, they were ready to purchase as I convinced them how it would help their business get organic traffic, establish authority, etc. on the internet. Explained them the value of domain names as a digital asset and a lot more on similar lines.
This went on for weeks and when we fixed the deal price and it was time to pay, the buyer backed off saying I do not really see value in the domain name. I was disappointed and accepted the fate. Few days later, I was approached by his competitor and I straightaway asked what is the best they can offer. To my surprise it was more than that of the previous buyer. I did not negotiate and just straightaway closed the deal.

So you see, it is all in the perception of the buyer. If he/she/it values the domain you will get a sale, if not then even though you're sitting on gold bullion in an open market, none will approach you.

To draw a simple explanation, I may not pay $30m for Voice.com but the company who saw value did.
I have even sold typo domain names for $xxx to companies by convincing them how they'd be losing on to some potential visitors/traffic as many users might be typing their URL by mistake.


Take a break from domaining, 3-4 months and then return. Don't buy any more domains, just browse through the forum, read the blogs, etc. and especially control your impulsive side.

Good luck!
 
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Impact
47,980
You have to understand this fundamentally.

There is no premium or crappy domain name. Its value is all in the eyes of the buyer.

Surely everyone can agree a domain like Gold.com is premium and Buy-Pickles-Online-Today.mobi is crappy.

All domains are clearly not created equal, and ones that are objectively higher quality are far more likely to get offers and eventually sales.

Brad
 
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redemo

Mug RuithTop Member
Impact
2,454
Domaining is a slow business. You will need a lot of study, work, patience and perseverance to make a profit. Good luck to you.
Patience is only an asset if you're playing the waiting game. I consider my lack of patience a major skill. I ain't waiting for sh!t in this life. Go out and get it.
 
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redemo

Mug RuithTop Member
Impact
2,454
You have to understand this fundamentally.

There is no premium or crappy domain name. Its value is all in the eyes of the buyer.
I'll share an incident which happened with me few months back.
I bought a domain for $xxx from someone and offered it to a potential buyer for $xxxx

Initially, they were ready to purchase as I convinced them how it would help their business get organic traffic, establish authority, etc. on the internet. Explained them the value of domain names as a digital asset and a lot more on similar lines.
This went on for weeks and when we fixed the deal price and it was time to pay, the buyer backed off saying I do not really see value in the domain name. I was disappointed and accepted the fate. Few days later, I was approached by his competitor and I straightaway asked what is the best they can offer. To my surprise it was more than that of the previous buyer. I did not negotiate and just straightaway closed the deal.

So you see, it is all in the perception of the buyer. If he/she/it values the domain you will get a sale, if not then even though you're sitting on gold bullion in an open market, none will approach you.

To draw a simple explanation, I may not pay $30m for Voice.com but the company who saw value did.
I have even sold typo domain names for $xxx to companies by convincing them how they'd be losing on to some potential visitors/traffic as many users might be typing their URL by mistake.


Take a break from domaining, 3-4 months and then return. Don't buy any more domains, just browse through the forum, read the blogs, etc. and especially control your impulsive side.

Good luck!
Good post. If the people who post the longest posts, and I'm not being specific to you, used those skills to post blog entries all day, they'd become rich very quickly.
 
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redemo

Mug RuithTop Member
Impact
2,454
I have most of my domains listed on Dan, Epik, GoDaddy, and Afternic, I've never made a sale on any of those platforms, well, I did for $100 once but I had sold the domain + 2 other matching ones all for their reg value 2-3 days prior -_-

I get many complements on my domains and my ability to find good hand regs upon request, I was making $100 sales and was doing good at getting my money back for the ones I started with, but the past couple months I've not had any bites, not a buyer in sight, due to the markets and inflation I presume, but still, I feel like I'm holding on for a fantasy sale that will never happen, even a low $xxx offer would give me some hope. So far, this journey has given me a small profit, but with much research, and take a lot of time... Just not sure if things are balancing out.

Thanks.
Being stuck is a choice. Figure a way to get out and get back on track. Get something done today, something real. Do one thing like that every day, and it becomes a habit, that habit is called winning. Staying stuck is called losing. Are you going to lose today or are you going to win? Both are called choices.
 
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NYJimbo

Domain Re-AnimatorTop Member
Impact
6,980
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Good post. If the people who post the longest posts, and I'm not being specific to you, used those skills to post blog entries all day, they'd become rich very quickly.
You're right.
I've jumped back into developing content sites.
Bought some good meaningful domain names and now writing short articles myself on it. Haven't made it public yet and its all on my localhost but will make them live soon. I don't expect an avalanche of traffic right from day 1 but the basic onsite SEO should bring in decent amount of organic traffic.

Thanks to your post regarding developing domain names ;)
 
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