there's no money in domain names.. this industry full of bullsh*t.
Patience
Perseverance
Persistence
True...Additional P : PLANNING & PRECAUTION
@DOMAIN ILLUMINATI don't forget the marketplaces and drop catching services
Think we have a contender for troll thread of the year
Everyone knows that this industry (domaining) is shady..
positive?What a nice tiny positive thread here - it's inspirational
All of these assets with undeniable value and big potential require a monstrous effort and Big Bucks spent on develipment by the end user.I bought nearly $10k of domains this week. You have to know what you are doing. Most of you are buying lottery tickets and not digital assets with undeniable value and big potential.
Generally, but many impulse/ vanity purchases happen as wellAll of these assets with undeniable value and big potential require a monstrous effort and Big Bucks spent on develipment by the end user.
there's no money in domain names.. this industry full of bullsh*t.
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.
This is really the key to finding success in this biz.Finally, forget wholesale auction selling business, and flipping to other domainers and instead seek end users.
There's more money in this industry than bullshit, but I concede there is a lot of bullshit.there's no money in domain names.. this industry full of bullsh*t.
Domain names are my only source of income and my net profit is around $500,000/year. It goes up every year.
I'm on a buying hiatus, because I have thousands of domains and it'll be 100+ years before they all sell.
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.
That would be an interesting poll Garp, first we have to decide the top 2% so people know what they are voting on. It's like how many full time domainers are there in the world, so many people have different figures. But if we excluded the top x amount of people would the rest of the industry be profitable? Interesting question.
there's no money in domain names.. this industry full of bullsh*t.