poll Why are you not in the $1M club?

[Arpit131]

Something to think upon?

 

[domain hacks]

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...

 

[MapleDots]

If you are in the million dollar club the price on everything you inquire about goes up exponentially. You learn somewhere along the way just to shut up and not say anything.

 

[lambo.com]

if you are then why would you brag about it?

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.

 

[DrJacoby]

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...

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.

 

[Furquan]

Why are you not in the $1M club?

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

Anything else.

 

[karmaco]

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.

 

[NickB]

if you are then why would you brag about it?

 

[atinc]

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

 

[.X.]

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

 

[Tia Wood]

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.

 

[CJ6]

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.

 

[Recons.Com]

I have acquired a few hybridized and aged domains but I am unable to sell them. I never got a reply from my outbound endeavors. Never received an inbound inquiry. And Namepros fellas don't offer more than 50 to 100 bucks for them. This way I can never reach the million dollar club Sigh

If you were a business owner, would you pay $xxxx for a domain just because it is "hybridized and aged"?

 

[Recons.Com]

I feel they should go for a mid to high three figures at least because I am sure start-ups should like them. Which will help me gather great domains in future.

What will help you is irrelevant to a business owner. They couldn't care less. Again, just because the name is hybridized or aged, doesn't make it worth even $1 for them. It has to be improvement over what they are currently using or great option for future or both.

 

[lambo.com]

I'll sell a $million domain at some point

 

[NickB]

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

Fair enough....just me giving a insouciant reply

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.

the ability to judge BS is not dependent on your bank balance

 

[lambo.com]

the ability to judge BS is not dependent on your bank balance

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.

 

[imadoer]

Million dollar club meaning million in sales or million in n the bank?

 

[DrJacoby]

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

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.

 

[Rich]

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

 

[.X.]

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.

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.

 

[Nahdism]

I have acquired a few hybridized and aged domains but I am unable to sell them. I never got a reply from my outbound endeavors. Never received an inbound inquiry. And Namepros fellas don't offer more than 50 to 100 bucks for them. This way I can never reach the million dollar club Sigh

 

[biggie]

if you ain't in da club....
then how do you know that there is one?

and... if there is a club,
then do you think folks who are in the club, are going to violate the rule of confidentiality, by telling non club members that they are members of this club?

btw .club sucks

imo….

 

[bmugford]

What is the million dollar club exactly?

Are we talking a single sale over $1M? $1M net profit or gross.
Are we talking all sales being over $1M, once again net profit or gross.
Are we talking our entire portfolio being worth $1M+?

Brad

 

[Recons.Com]

What is the million dollar club exactly?

Are we talking a single sale over $1M? $1M net profit or gross.
Are we talking all sales being over $1M, once again net profit or gross.
Are we talking our entire portfolio being worth $1M+?

Brad

I asked similar questions.

Not sure though if @Arpit131 is keeping track of the topic he OPed.