advice Seniors! Assist me with this, please! → Seeking advice on domain investments

[Brother Bob]

Hi fam,

Here I go! Is it possible to buy a name for between 50k and 100k or less, and then resell it within 5years for 1M or at least 750k? I know that selling names requires time and isn't easy, but i have seen a few recent sales that show it’s possible.

I'm planning for the next year up to 5 years from next month to accumulate half a million or 1.9m in a lump sum, not gradually, through domains. I have tried other biz like crypto and many more that have generated that amount over time, but they still go to expenses. I have a project that requires the total amount as a goal.

What kinds of domains could provide me with such a lump sum, and where can I find these domains at a lower price?

I firmly believe that with the right guidance, i can achieve this. I appreciate any brainstorming or advice you can provide!

If this works out for me, i will remember you in my paradise.

Thank you!

 

[Yanosh]

Everything is possible
“How” is the tough part

That said , if I suggested you to throw 100k on a specific domain , would you do it?
I could be wrong , there is no guarantee in this business.
Use your own brain.

 

[Vertibox]

Sounds to me like you want to run before you have started to walk and perhaps you haven't even started to crawl.

Did you not even read what you wrote?
Do you really think that there are people just hanging around on a forum and who just know how to do what you have outlined? And if there are, do you think that they would just tell you? For what?

Someone who has $50-100K to readily invest in something can certainly afford to get proper professional advice and not to expect anonymous people on a text forum to give him an answer to ready riches, for free, just like that.

As the old saying goes, "A fool and his money are soon parted" and me thinks you are a fool, sir.

 

[Eric Lyon]

Hi fam,

Here I go! Is it possible to buy a name for between 50k and 100k or less, and then resell it within 5years for 1M or at least 750k? I know that selling names requires time and isn't easy, but i have seen a few recent sales that show it’s possible.

I'm planning for the next year up to 5 years from next month to accumulate half a million or 1.9m in a lump sum, not gradually, through domains. I have tried other biz like crypto and many more that have generated that amount over time, but they still go to expenses. I have a project that requires the total amount as a goal.

What kinds of domains could provide me with such a lump sum, and where can I find these domains at a lower price?

I firmly believe that with the right guidance, i can achieve this. I appreciate any brainstorming or advice you can provide!

If this works out for me, i will remember you in my paradise.

Thank you!

Without knowing a specific target domain to invest that amount into, it's hard to say. It's also hard to predict the future. as to what will be trending and what current trends will take a nose dive, leaving investors holding the proverbial hot potato bag.

It all starts with understanding what makes a domain liquid/illiquid: https://www.namepros.com/threads/so...than-any-other-registrar.1361289/post-9446961

Does the domain you're thinking of meet that minimum starting criteria?

If so, then comes all the hours of deep market research to try and identify niche demand, future trend spikes, venture capitalist interests and motivating factors, etc...

Again, i don't think anyone can confidently tell you what specific domain to drop $100k into that would flip for $1M in 5-years without a lot of brain-numbing research in to it's specific niche and potential insider information.

 

[johnn]

How do we know you have the money?
We have a lot of dreamers here.

 

[VadimK]

The direction you are asking about is where domaining as an investment strategy (and a day-to-day business for some) turns into pure gambling. To go ''all in,'' metaphorically, and expect a jackpot from a single name is like going to a casino and betting on red or black - or, more likely, on zero. I definitely wouldn't do it that way, but hey…

You might want to book a private paid chat with some top dogs in the space and pitch them your idea in more detail. Even then, I'd expect more like an advice in response, not the ''righ guidance'', as you put it.

 

[Brother Bob]

Everything is possible
“How” is the tough part

That said , if I suggested you to throw 100k on a specific domain , would you do it?
I could be wrong , there is no guarantee in this business.
Use your own brain.

Thank you! I appreciate.

I will use my brain! I think things through. im not putting my savings at stake or selling my pro... but instead using the proceeds from my domain sales, so I won't feel too much pain if it doesn't pan out.

I'm fed up with reading about other people's successful domain sales stories; I want to be part of that success. I know it's risky, but without taking risks, there can be no breakthroughs. I'm just looking for a way to improve my situation in the coming year and complete the project. I'm tired of the same old story repeating year after year. I'm getting older!

I do heed good advice. I was introduced to crypto many years ago and made a lot of money... When you give me advice, I go down on my knees in prayer, seeking guidance. I think without risk we will remain the same!

 

[Brother Bob]

Sounds to me like you want to run before you have started to walk and perhaps you haven't even started to crawl.

Did you not even read what you wrote?
Do you really think that there are people just hanging around on a forum and who just know how to do what you have outlined? And if there are, do you think that they would just tell you? For what?

Someone who has $50-100K to readily invest in something can certainly afford to get proper professional advice and not to expect anonymous people on a text forum to give him an answer to ready riches, for free, just like that.

As the old saying goes, "A fool and his money are soon parted" and me thinks you are a fool, sir.

Thank you for your advice,

there are many wonderful people on the platform. In my very first post, I received a lot of helpful tips that really worked for me.

Without being a fool, one cannot succeed in this world. I prefer to fail than to...

I serve a God that does complex things.

Thank you, but the majority response from others is a no, so I won't.

 

[Brother Bob]

Without knowing a specific target domain to invest that amount into, it's hard to say. It's also hard to predict the future. as to what will be trending and what current trends will take a nose dive, leaving investors holding the proverbial hot potato bag.

It all starts with understanding what makes a domain liquid/illiquid: https://www.namepros.com/threads/so...than-any-other-registrar.1361289/post-9446961

Does the domain you're thinking of meet that minimum starting criteria?

If so, then comes all the hours of deep market research to try and identify niche demand, future trend spikes, venture capitalist interests and motivating factors, etc...

Again, i don't think anyone can confidently tell you what specific domain to drop $100k into that would flip for $1M in 5-years without a lot of brain-numbing research in to it's specific niche and potential insider information.

Hi Mr Lyon!

That's a good one, I appreciate.

I believe I have identified some names to consider. I have been observing big sales to this point and just wanted to hear from the seniors.

In addition to the project I'm trying to fund, I'm currently losing money in crypto and am looking to explore something new.

I was looking forward to hearing that someone would say purchase 4 of 3L at 12-15k each, or with that same amount, you could acquire 2 premium names or 1ultra premium names blah blah to resell...

 

[Brother Bob]

How do we know you have the money?
We have a lot of dreamers here.

johnn!!! If you have a descending spirit, you would know.

considering my age, I believe I should have achieved more than I currently have. I seem to be a bit older than you based on your picture with Lyon! I know you have something valuable to share. I'm also married, with two biological children, and have cared for over 3k foster, adopted, or orphaned kids, along with numerous other responsibilities.

Also, I am a preacher and hold other professions. I have never taken a salary from my church. I have books that sell, and sales income always ensures my family's needs are met until we are called back home.

 

[Brother Bob]

The direction you are asking about is where domaining as an investment strategy (and a day-to-day business for some) turns into pure gambling. To go ''all in,'' metaphorically, and expect a jackpot from a single name is like going to a casino and betting on red or black - or, more likely, on zero. I definitely wouldn't do it that way, but hey…

You might want to book a private paid chat with some top dogs in the space and pitch them your idea in more detail. Even then, I'd expect more like an advice in response, not the ''righ guidance'', as you put it.

Thank you, i always appreciate your kind advice.

Yes, it may seem like a jackpot. I was hoping to have a few rich names to help me achieve my goal. I have people I could turn to for support, and they would quickly provide the funds, but I prefer not to go that route.

With all due respect, could you simplify your responses... You, future sensor and vertibox use lots of vocabulary. Many of us come from "non English speaking countries", so please assist your audience. A lot of people here have diverse backgrounds, nationalities, and some may not have formal education.

 

[VadimK]

Thank you, i always appreciate your kind advice.

Yes, it may seem like a jackpot. I was hoping to have a few rich names to help me achieve my goal. I have people I could turn to for support, and they would quickly provide the funds, but I prefer not to go that route.

With all due respect, could you simplify your responses... You, future sensor and vertibox use lots of vocabulary. Many of us come from "non English speaking countries", so please assist your audience. A lot of people here have diverse backgrounds, nationalities, and some may not have formal education.

Interesting, though - I am not a native English speaker either - I am Russian)) I do speak English of course, but it's not my first language.

What I meant is if you can accumulate $50 - 100k with crypto and other projects, I'd keep doing that. I wouldn't put tens of thousands into one, two, or even a few names. But that's just me.

 

[Brother Bob]

Interesting, though - I am not a native English speaker either - I am Russian)) I do speak English of course, but it's not my first language.

What I meant is if you can accumulate $50 - 100k with crypto and other projects, I'd keep doing that. I wouldn't put tens of thousands into one, two, or even a few names. But that's just me.

I understand you now. Thank you! "I" have many daily expenses, and regardless of my income, my savings disappear when people come to me in distress...

 

[Corey]

If you substitute the word domains for Real Estate you can understand the difficulty in prediction.

For example "Is it possible to buy a name for between 50k and 100k or less, and then resell it within 5years for 1M or at least 750k?"

Is it possible to buy Real Estate for between 50k and 100k or less, and then resell it within 5years for 1M or at least 750k?

Have you considered investing in precious metals?

Cheers
Corey

 

[Vertibox]

I was looking forward to hearing that someone would say purchase 4 of 3L at 12-15k each, or with that same amount, you could acquire 2 premium names or 1ultra premium names blah blah to resell...

You keep saying such things, as if there are people who will just freely give you the formula/answer, just because you want it. Even if someone did have the formula/answer you seek, have you thought, for one second, why they would just give it to you? Are you really that stupid?

And instead of asking people to simplify their answers, why don't you increase your English vocabulary, before diving into an English language subject? It is you who has the need, yet you want everyone else to bend to your wishes, preferences, shortcomings, etc.

And finally, let's say someone did give you some kind of formula, or their opinion of what you could do. What would you think, if after you spend your $50-100K and then you get nothing from it in 5 years time, or you get very little and not even get your money back?

You truly are woeful and quite rude, at the very least, as well as being seemingly clueless about human nature or how commerce works.

If you think there is a god, why don't you ask him/it for the formula/answer, hmm?

 

[Brother Bob]

If you substitute the word domains for Real Estate you can understand the difficulty in prediction.

For example "Is it possible to buy a name for between 50k and 100k or less, and then resell it within 5years for 1M or at least 750k?"

Is it possible to buy Real Estate for between 50k and 100k or less, and then resell it within 5years for 1M or at least 750k?

Have you considered investing in precious metals?

Cheers
Corey

Thanks for your comments!

No, I haven't tried that and just wanted to go the domain route since I've been having recurring dreams about making it big through this avenue.

 

[Brother Bob]

You keep saying such things, as if there are people who will just freely give you the formula/answer, just because you want it. Even if someone did have the formula/answer you seek, have you thought, for one second, why they would just give it to you? Are you really that stupid?

And instead of asking people to simplify their answers, why don't you increase your English vocabulary, before diving into an English language subject? It is you who has the need, yet you want everyone else to bend to your wishes, preferences, shortcomings, etc.

And finally, let's say someone did give you some kind of formula, or their opinion of what you could do. What would you think, if after you spend your $50-100K and then you get nothing from it in 5 years time, or you get very little and not even get your money back?

You truly are woeful and quite rude, at the very least, as well as being seemingly clueless about human nature or how commerce works.

If you think there is a god, why don't you ask him/it for the formula/answer, hmm?

Sister,

I invited pros who understand, not just chatterboxes. Please act accordingly.

God is my source, and people are just channels. I know many good individuals here and have received plenty of opinions through... you have a long journey ahead in life. As we approach the new year, take it upon yourself to learn how to communicate with others kindly and coexist peacefully. Let your speech be always with grace, seasoned with salt, that ye may know how ye ought to answer every man. - Colossians 4:6

Do you expect me to use formal English in a forum? On the English side, I'm not here to show off. When I'm with my kind, I act like them; I am well educated. This is a forum meant to assist others with language barriers; they need to understand, not the other way around. I've seen texts where people like you criticize users. This is why many are hesitant to speak up; they fear criticism. If you take a moment to reflect, you'll understand why my public critiques have become sharper. If you keep driving everyone away from the forum, I believe you'll end up running it all by yourself.

 

[Corey]

Thanks for your comments!

No, I have not tried that. On single domains, i've been having recurring dreams about making it big through this avenue.

If you feel strongly about this...buy a Domain Name, buy hosting, buy a template & blog - learn new skills.

Cheers
Corey

 

[Future Sensors]

To go ''all in,'' metaphorically, and expect a jackpot from a single name is like going to a casino and betting on red or black - or, more likely, on zero.

I agree. Always ensure you spread risk by diversifying in multiple ways.

 

[Eric Lyon]

To go ''all in,'' metaphorically, and expect a jackpot from a single name is like going to a casino and betting on red or black - or, more likely, on zero.

I agree. Always ensure you spread risk by diversifying in multiple ways.

According to PokerNews:

The Red/Black Bet is one of the safest bets in roulette, but here's a breakdown: Odds: 18/37 (48.6%) in European roulette and 18/38 (47.4%) in American roulette. House Edge: 2.70% in European roulette and 5.26% in American roulette. Payout: 1:1 – If you bet $10, you win $10.

Source

For perspective:
A red/black bet win (less than 49% chance) is a match bet ($10 bet = $10 win), making it a $50 domain on black and black hits, you get $50 in addition to your $50 bet = $100 (Doubling the investment), but the coolness factor quickly fades when you evaluate the domain better and realize the domain was only worth $10 and the investor overpaid at $50, putting it on black doubled the $10 to $20 - (minus) the $50 investment = a $30 loss (House still wins)...

And if it doesn't resell (Lose on Black), you're out the full $50... Red or black is a loss in that scenario... :/