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What's your hourly rate?

Labeled as poll in General Domain Discussion, started by abstractdomainer, Aug 12, 2020

Replies:
15
Views:
1,023

?

What's your hourly rate in domaining?

  1. < $10

    9 votes
    52.9%
  2. $10 - $20

    3 votes
    17.6%
  3. $20 - $30

    0 votes
    0.0%
  4. $30 - $40

    0 votes
    0.0%
  5. $40 - $50

    0 votes
    0.0%
  6. $50 +

    5 votes
    29.4%
Total: 17 vote(s)
  1. abstractdomainer

    abstractdomainer Upgraded Member Gold Account

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    Here is how you calculate your hourly rate:

    1) Calculate your weekly number of hours invested
    2) Multiply it by 52 or whatever it is the number of weeks you work
    3) Calculate the amount of money you get out of the investment per year
    4) Divide the total money made per year by the number of hours invested

    However, in comments, it is good to share the number of hours invested and the returns. That rules out any outlier case.

    My hours invested in 20 hours per week and work like 40 weeks. I generate close to $12,000 per year and my hourly rate in domaining comes out to be close to $15.
     
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  2. bmugford

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

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    This only works on a longer time scale as investments in domains can take many years to pay off.

    When I was much more active my hourly rate would have been far lower. When I own a large portfolio and make sales with limited hours and effort it is far higher.

    I also don't track hours that closely as it is hard to tell what is "work" sometimes.

    Brad
     
  3. johnn

    johnn WeSellName.com VIP ★★★★★★★★★★

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    I work for my wife and she pays me nothing except free housing, food and sleep with her at night.
     
  4. bookname

    bookname Upgraded Member Gold Account

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    You are very honest !! actually a good husband will do the same like you LOL
     
  5. WhoaDomain.com

    WhoaDomain.com WhoaDomain.com Gold Account

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    I work for however many hours it takes to allow me to eat this three times a week!

    That's right. I work for Beef-n-Cheddar!

    And don't forget the curly fries and horsey sauce!

    276388_original.jpg
     
  6. Richard Patey

    Richard Patey New Member

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    hourly rate looks similar to poker
     
  7. Recons.Com

    Recons.Com Top Contributor VIP

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    An underrated comment :-D

    @bmugford is also right. There is trailing value of time spent with domains.

    Another reason why I don't drop 99% of my names.
     
  8. abstractdomainer

    abstractdomainer Upgraded Member Gold Account

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    Correct. I agree. It depends. However, you can share it for last year.

    Quantify it!

    Sorry I didn't get the analogy. Can you explain in detail?

    I agree. In that case, mark it for last year, if you are comfortable.
     
  9. Recons.Com

    Recons.Com Top Contributor VIP

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    Not you sure we are on the same page. You can't quantify the past year like that, because the trailing effect is into many years into future.

    Though I am sure I could work out the method to quantify it. Just no time write now to work on it or think it over.

    Plus my non-domain consulting time is worth in low $xxx/hour and not sure the exercise justifies the expense ;)
     
  10. abstractdomainer

    abstractdomainer Upgraded Member Gold Account

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    Hahaha that's a lot. Who do you work with? McKinsey/BCG/Independent? That's looks like a good hourly rate :P
     
  11. biggie

    biggie Top Contributor VIP ★★★★★★★★★★

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    Hi

    if you're not making a sale, then you're not getting paid....
    unless you have adsense, ppc, selling picks and shovels to other domainers or some other revenue stream that's providing a daily income.

    so, there is no hourly rate of pay for you.

    the time it takes to negotiate and transact a sale, would be considered the "work", to receive any roi for that specific domain.
    there is also "work" in researching domains, placing backorders, etc. and the "payoff" for that, is any domain acquired from that work.

    from my perspective,
    unless you are working for someone else or you have a company that capital comes from, and profits go to...and that company pays you an hourly rate....then there is really no relative rate of value for time spent, when/where no money is made.

    the exception to that, would be consulting or appraisal for another, where you could set your own rate, just like you set price of a domain for sale.
    for instance:
    in the past, i have been paid as much as $100 to appraise a single domain, and up to $400 for a portfolio.
    however i did not set those rates, as those amounts were offered to me, to perform those services.


    imo...
     
  12. Recons.Com

    Recons.Com Top Contributor VIP

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    That is basically the rate that I am paid if I work full time for a company or consult a company independently.
     
  13. Bob Hawkes

    Bob Hawkes Top Member NameTalent VIP Gold Account Trusted Blogger

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    Interesting, but maybe not surprising, split of votes so far at top and bottom and none in middle.
     
  14. abstractdomainer

    abstractdomainer Upgraded Member Gold Account

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    Hahaha... You could make that into a business :D
    I believe, some companies do that - the genuine ones!
    Yes. Very distributed!
     
  15. Cannuck

    Cannuck 420friendly.company VIP

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    When I began domaining, I spent long hours and over the course of a year probably averaged around $15/hour (all things considered). The business of domaining is now a part-time job and I spend more time learning the nuances. With fewer hours and less sales, still the average would be about 10x the initial hourly wage. The investment in time and money, I believe, will pay back over time.
     
  16. Amar D

    Amar D Established Member

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    65 CHF / hour in Switzerland (IT support - it's under average)
    15 EUR / hour in Bosnia & Herzegovina (IT support in my homeland - it's normal price for countrys standards)
     

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