Start Over Challenge

[geb9696]

I am not sure if this is the right section for this post but I am going to put it here because I think it has the most to do with Traffic Monetization. Here is what I am going to do. We constantly have new domainers come to Namepros and ask if it is to late to enter into the domaining game. I am going to try my start over challenge.

Here is the challenge

See how much money I can make using nothing but Namepros and Sedo over the next 7 days.

The Rules

1. Start with this challenge with zero start up capital. I will be starting with nothing in order to see if it is possible.

2. Capital Expenditures will be deducted from and cash earned. If I make $10 writing an article and then spend it on a domain the total profit will be 0. One week from today(Next Sunday 7:30 Eastern Time) I will be totaling net income and adding in total assets and coming up with my total net gain. Assets will be valued at purchase cost.

3. I will not do anything illegal or against a company's TOS.

4. I will only be able to use Namepros and Sedo in order to make money. I was originally going to limit myself to Namepros but I need a parking company. Being how this is supposed to simulate someone starting completely new I am using Sedo because anyone can join and park names there.

I will be updating this thread as I go along. I am hoping making it a public thread will keep me motivated. I am very interested to see how this all turns out. We shall see what I am able to do in a week(ends 7:30 Eastern Time next Sunday). Wish me Luck!

 

[mwzd]

Excellent idea. Hope it will show that there is money online!

You just need to use your core skills to get it.

Have a fav saying - "You'll only ever make money using your core skills, everything else just eats up time for no or low returns."

 

[geb9696]

Update for Day 7
Today was orginally supposed to be the end of the start over challenge. I am going to give my final money total for the purpose of the thread but I do have to say that given the time period of only 1 week I was extremely limited in what I could. Given this fact I am thinking of doing another challenge in a few weeks after I have finals.

Total money made-
Over the course of the challenge I was able to make $120 plus 90 cents from parking. So that brings total cash earned to $120.90 now for expenditures we have $18 in reg fees and then $5 more for marketing on the name I was trying to sell. So overall at the end of the challenge I have $102.90 in cash and 3 domain names. I learned a ton from this challenge. Would I have liked to make more money over the past week? Yes! But who wouldn't?

Like I said before I plan on trying another challenge in a few weeks that will focus more on just domains. I plan on doing that challenge starting with more money and perhaps making it a 2 week event. Overall, I hope that people can take something out of my experiance. I know that the most valuable thing from this to me was not the money that I made but the knowledge that I learned from it.

 

[DnEbook]

fun to read thank you .... realitydomaining.com and realitydomainer.com are both available !!

 

[moby]

Well done, geb9696
Does anyone know or can maybe recommend the names of Article or Marketing writing - Websites ... etc ??

Thanks.

 

[Grassman]

saying it is too late to get in domaining is like saying it is too late to get into real estate. Theres just more competitors, very few get rich quick situations and you actually have to research and do work for your money
:D

and i just got into domain's 3 days ago

nice read, but with the bulk of your money coming from writing doesnt that defeat the whole idea of making money just from domains? unless you include submitting content to others for other domains.

anyway, very good read. it was inspiring

 

[geb9696]

Grassman,
I agree that I did get somewhat off track but it was a learning process. With domains I do believe that members here were right that starting with $100 dollars is a more realistic goal.

 

[Frenchiexno1]

Great thread - rarely do I make the effort to really look out for a thread I really enjoyed but I did this one. I was waiting to hear what the domains you bought were - let us know would be interested to see what you went for!

 

[geb9696]

Domains that I bought
thepiatrebay.org -Typo of thepiratebay.org
Sexyindians.co.in-I really liked this name and with the discount on .co.in I figured 4 dollars well spent.
VegasGains.com-This was the name I used for affiliate marketing