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There's no money in domain names... this industry full of bullsh*t.

Located in General Domain Discussion, started by Premiums, Feb 9, 2018

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  1. Peak.Domains

    Peak.Domains Account Closed (Requested) VIP

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    Are you sure there's no money in domaining? I mean, TakeOnToday.com was sold for $7,499 in 2018-01-13...
     
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  2. pinkdragon

    pinkdragon Established Member

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    There's no money in domain names ... then why are you a member of this forum?
     
  3. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

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    Cool. I will let me accountant know.

    Brad
     
  4. werty

    werty Top Contributor VIP ★★★★★★★★★★

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    Perhaps you are better off asking for help rather than calling an industry a lie...
     
  5. stub

    stub DNStore.com PRO VIP ★★★★★★★★★★

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    You expect to get support in a domain forum with statements like this?
     
  6. lock

    lock DomainUsed.com VIP

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    The industry is rife with bull%$%$ and is true as how many emails do you have in your in box suggesting you renew a domain with a service provider you never heard of. However those that say there is no money are buying the wrong domains. I turn down offers weekly that you would probably jump at. I also consistently delete poor judgments and move on.
     
    Last edited: Feb 10, 2018
  7. stub

    stub DNStore.com PRO VIP ★★★★★★★★★★

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    What? Dealing in domains isn't roller-coaster lifestyle enough for you? :)

    It took me almost 4 years before I got my first $xK domain sale. Now that's either the patience of Job, or as foolhardy as Charlie Chaplain. I prefer to think of it as the patience of Job :)
     
    Last edited: Feb 10, 2018
  8. Recons.Com

    Recons.Com Top Contributor VIP

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    How many accountants have you got? O_o?
     
  9. Furquah

    Furquah Brand Ambassador INDIA Epik.com Staff VIP

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    There is no money in Domaining, then call the Namebio to take off this stats

    Screenshot_2018-02-10-17-05-53-396_com.android.chrome.png


    Or You are missing this thing,

    IMG_20180210_171053.jpg
     
    Last edited: Feb 10, 2018
  10. garptrader

    garptrader Top Contributor VIP ★★★★★★★★★★

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    I would agree that some reported sales do not appear to be legit domain investor to third party sales - just hype to pump domain registrations or auction activity. It would be interesting to see an estimate of how much domain investors spend collectively on acquisitions and renewals vs end user sales. If you exclude the top 2% of investors i.e. Schwartz, Schilling, Berkens, etc unfortunately I do not believe the industry (excluding registrars and auction platforms) would show a profit.
     
  11. wwwweb

    wwwweb Top Contributor VIP ★★★★★★★★★★

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    I agree with you all many parts of this industry are full of it, and people are trying to sell you a hoop dream, or picks and shovels to extract crapola. You are right to a degree.

    I can understand your frustration, being able to see how the industry changes year over year, I feel many are overpaying for inventory, which is going to cause more remarks like yours down the road. Deal work enough end users, and you kind of get a feel for what can be expected, and extracted.

    To a degree much of this business is like educated gambling, you do need a lot of capital, as companies like huge domains is not leaving much of the way of scraps anymore, and auctions are more aggressive than ever.

    You know what there are many other industries out there that might not be as stressful, if you find domaining just doesn’t have it for you, no harm in moving on.
     
  12. DanSanchez

    DanSanchez DanSanchez.com/subscribe Epik.com Staff VIP ★★★★★★★★★★

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    1,000 plus posts since November, imagine if you would have invested that same amount of time studying the market you love the most and finding value to give your customers?
     
  13. NoBS

    NoBS Established Member

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    I could be richer but I keep declining $xx,xxx and $x,xxx offers on sub $100 acquisitions :pompous:
     
  14. Bayan

    Bayan Established Member

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  15. 4better

    4better Established Domainer VIP

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    Certainly, there is. Otherwise, this domain industry won't be filled with domain investors. There's always money if one is just smart enough on how to deal with it. People think that garbage is useless and worthless but then garbage is a thriving business with many big companies capitalizing on it because there is money. In short, one has to learn the trade with patience and perseverance and be smart. If one finds no money in domain names it only means one thing... he has not yet fully learned the trade well.
     
  16. wwwweb

    wwwweb Top Contributor VIP ★★★★★★★★★★

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    I would love to hear about your 5 figures declines on sub $100 acquisitions, I think we all would, especially in the plural sense.

    I think you kind of constitute the bs
    portion of his comments, if you can’t back up your statements.
     
  17. Silentptnr

    Silentptnr Top Contributor VIP

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    The opportunity to acquire domain names and sell them for a profit is alive and well. However, there are plenty of "opportunities" out there and domain names might not be the right opportunity for you.

    I would love to see your business plan because disappointing results can usually be attributed to mistakes in your calculations or projections or just plain old bad products.

    For me, domain investing is business. I treat it very seriously, and for me, I don't feel my business objectives are affected much by what other people say or how other people run their businesses. I simply run a profit...period. My annual sales and revenues exceed my expenses. That ensures the longevity of my domain business. It's that simple for me.

    I enjoy the forum for relationships, I enjoy hunting for bargains, and I benefit from the experiences others share. I manage my budget, my websites, my renewals, etc. It's a huge job, but I focus heavily on managing my inventory and making sure it is readily available for potential customers. I also spend a great amount of time reading and researching.

    Bottom line is that, without knowing much more about you, your experience, your plan, your objectives, your budget and so on, there is little I or anyone can do to offer assistance.

    There will always be winners and always be losers. The losers usually didn't understand the true complexity involved in creating a successful business around domain names. The winners are everyone else.
     
  18. Naveenraju

    Naveenraju Established Member

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    No, you are pointing your failure towards the entire domain industry.
     
  19. Pierre Barnard

    Pierre Barnard Top Contributor VIP

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    @Kate the voice of reason...I just made $50 profit on domaining yesterday...easy does it.
     
  20. wwwweb

    wwwweb Top Contributor VIP ★★★★★★★★★★

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    All the people you mentioned here accumulated the bulk of their portfolio wealth pre 2005.
     
  21. NameZest

    NameZest Established Member

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    Actually there are many issues, I was asked to produce my findings regards registrar monopoly's which would instantly cost any registrar their icann accreditation. Fasten your seat belts. It's here in pdf format the links in it are interesting reads too. Notice the dates 2009 iCann was non profit then with the new gtlds coming now all of a sudden they are not..
     

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    Last edited: Feb 10, 2018
  22. Dave

    Dave Top Contributor VIP ★★★★★★★★★★

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    Not with that kind of attitude there won't be.
     
  23. Premiums

    Premiums find.ventures

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    thread closed. good luck to all of us.
     
  24. stub

    stub DNStore.com PRO VIP ★★★★★★★★★★

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    Threadi isn't closed yet. Maybe you should should study how to close a thread.
     
  25. Rinkuji

    Rinkuji Top Contributor VIP

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    It should be - Thread Closed. good luck to all of "YOU".:xf.wink:
     

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