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Why are you not in the $1M club?

Labeled as poll in General Domain Discussion started by Arpit131, Aug 31, 2018.

Replies:
38
Views:
1,532

?

Why are you not in the $1M club?

  1. I already am

    7 vote(s)
    9.5%
  2. Low risk appetite

    6 vote(s)
    8.1%
  3. Poor investment strategy

    8 vote(s)
    10.8%
  4. I have decent cash flow

    4 vote(s)
    5.4%
  5. Don't understand domaining

    2 vote(s)
    2.7%
  6. I am happy in thousands

    5 vote(s)
    6.8%
  7. Still new to the game

    27 vote(s)
    36.5%
  8. Others

    15 vote(s)
    20.3%
Total: 74 vote(s)
  1. Arpit131

    Arpit131 Active Member VIP

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    Something to think upon?
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. MarketingStrategies.com

    MarketingStrategies.com Upgraded Member Gold Account VIP

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    I'll sell a $million domain at some point
     
  3. MrAcidic

    MrAcidic Upgraded Member Gold Account

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    if you are then why would you brag about it?
     
  4. Arpit131

    Arpit131 Active Member VIP

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    The vote doesn't show the name. In one of the polls, some millionaires voted for it.
    A number is always good.
     
  5. atinc

    atinc Active Member VIP

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    Probably still new to the game. Achieving million dollar sales with domains is not just that easy!
     
  6. MarketingStrategies.com

    MarketingStrategies.com Upgraded Member Gold Account VIP

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    It's not bragging if you are asked.

    For successful people to have a voice on a forum where most people have no idea wtf they are doing allows those with drive, ambition and potential to rise and to improve their discernment and BS radar.

    Rick Schwartz served in this inspiring role/ capacity for me.
     
  7. MrAcidic

    MrAcidic Upgraded Member Gold Account

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    Fair enough....just me giving a insouciant reply
    the ability to judge BS is not dependent on your bank balance
     
  8. MarketingStrategies.com

    MarketingStrategies.com Upgraded Member Gold Account VIP

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    Success is corellated to profits in domaining.

    Most people do not make the jump to domain investing from domain speculation.

    Most people do not make the jump to domain assets from domain liabilities.
     
    Last edited: Aug 31, 2018
  9. imadoer

    imadoer Active Member PRO VIP

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    Million dollar club meaning million in sales or million in n the bank?
     
  10. domain hacks

    domain hacks Established Member

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    If you stop earning now because you have $1M and decide to live on that money for the rest of your life.....you could spend $5K/month for the next 16 years. And then....then you will be broke again. So if you are thinking $1M is a LOT of money, you are at the wrong forum.

    On the other side, the best things in life are free...
     
  11. DrJacoby

    DrJacoby Established Member

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    If you have $1M and is not earning any dividends or capital appreciation, then you're a fool.

    $1M is a lot of money, and I would easily be set for life with it despite living in a rather expensive country.
     
    Last edited: Aug 31, 2018
  12. imadoer

    imadoer Active Member PRO VIP

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    It really depends where you live...1m is nothing in Beverly hills
     
  13. DrJacoby

    DrJacoby Established Member

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    Sure, it partly depends on what part of the world you live in, but equally important is HOW you live.

    You don't need expensive houses and cars to have a good and fulfilling life.
     
  14. Furquah

    Furquah The Captain VIP

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    Why are you not in the $1M club?

    Ans:- I don't want to be in the $1M club.

    Anything else.
     
  15. .X.

    .X. NameFeature.com Gold Account VIP ★★★★★★★★★★

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    Simple, I am not a good enough domainer to be in any million dollar club
     
  16. DeliDomains

    DeliDomains Oswin

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    I'm having sleepless night just to be there. I have not studied so hard in school/college compared to domaining.
     
  17. karmaco

    karmaco Active Member VIP

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    To start with my own country, 83% of people in the US earn $100 K or less in a year. 97% earn $250K or less. Why should the figures be any different in the world of domaining than in any regular job? If anything they will be worse than a steady job with a guaranteed income and no annual renewal fees.

    To answer your question, unless you are both lucky and have best of the best names you are not a miserable failure if you don’t make a million dollars. You are in the majority. Dreams should be tempered with realism.
     
  18. Rich

    Rich Top Member VIP ★★★★★★★★★★

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    For me it's a mix of going after highly competitive names just out of my budget and not reinvesting enough profits.
     
  19. DefinitelyDomains

    DefinitelyDomains DefinitelyDomains.com Gold Account VIP

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    Personally, i would pass up the offer.
     
  20. DrJacoby

    DrJacoby Established Member

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    Huh?! What offer are you referring to?
     
  21. DT13

    DT13 Active Member VIP

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    I will be i a few years!
     
  22. .X.

    .X. NameFeature.com Gold Account VIP ★★★★★★★★★★

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    The truth, excellent post and thank you for it. The market was fluctuating some years ago, the fact is, the market as a whole has dropped, what goes up, must come down, and it has, but, despite that, the market is strong, it is somewhat of a buyers market right now, so making the adjustments accordingly is a must to keep a steady stream of revenue, I have never relied on the sale of domain names to make money, it has always been developed websites for me.
     
    Last edited: Sep 4, 2018
  23. Recons.Com

    Recons.Com Active Member VIP

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    So, again, what is the $1MM club?

    Total asset worth? Liquid assets? Domain sales?
     
  24. Tia Wood

    Tia Wood Quality Names. Reseller Prices. VIP ★★★★★★★★★★

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    I didn't start in the early 90s which I should have :P I was there playing around with development at the time and didn't have forward thinking about the domains. I was too focused on being a nerd.
     
  25. CJ6

    CJ6 He did it, not me VIP

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    I can easily tell you why I'm not in the million dollar club. My domain's aren't worth that amount... not even close. Yes, I'm a dreamer, but I am also a realist. I have made some sales this year. I made some sales last year and the year before that. But, I wil never be close to a million dollars... and I'm fine with that. I am enjoying the ride.
     

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