Would you be better off domaining full-time?

[PowerUp]

I know alot of us are waiting for the day when income from domaining is enough for us to retire and go full time into domaining. Is it really better to go full time domaining?

Would you be better off domaining full time?

1. Yes. Then I will have more time to search and analyze domains, develop domains, market domains, and look for end users.

2. No. Because I'd lose my employment/business income to support my domaining activities. Besides, I only spend a few hours a day on domaining. If I quit my job and go full time into domaining, I'd be wasting time not to mention the loss of income from my job.

Tell us your comments.

 

[svzi]

1. Yes. Then I will have more time to search and analyze domains, develop domains, market domains, and look for end users.



The "domain job" we can do as a job
is not only a interest but also a "profit work"

 

[domainer50]

What do you mean by domaining? I myself make my income through buying and selling domains, mini site development, domain brokerage and acquisition for clients.

So would you be doing just what guys like Rick Latona do? Or be a more well rounded business man.

In any event, the more time you had in the day, the more money you would make. But I think making use of what time you currently have, and keeping your current salary would be the best way to go.

:imho:

 

[xwat]

No, you can do a full time job to advance your career, pay the bills and contribute to retirement funds all while getting experience and developing a network of contacts with various skills and interests, all whom you may be able to learn from.

Even if you quit your job to domain full time and do well, like double your salary, for 3-4 years where are you when that dries up or you cannot sustain? When you go looking for a job what skills will you bring to the table?

I think it is a career killer and would be very hard to recover from unless you got a LOT of hustle in you and can pick yourself up by the bootstraps and go on.

We are in a time where I feel the world is changing a lot with political, social, economic and technological change all coming so fast. Think of the jobs we are going to lose to automation and AI in the next 10-15 years. A lot of warehouse house and shipping jobs may disappear, the Big 4 Accounting firms in London have hired a lot less graduates this year:

https://thefinancestory.com/big4-graduate-hiring-slowdown-due-to-ai-offshoring

Imagine putting in your entire life to graduate with a good degree from a good institution only to have the sector devastated. I expect truck drivers to be replaced at some time in the next 15 years and perhaps taxi's as well.

 

[Nathan K]

No, you can do a full time job to advance your career, pay the bills and contribute to retirement funds all while getting experience and developing a network of contacts with various skills and interests, all whom you may be able to learn from.

Even if you quit your job to domain full time and do well, like double your salary, for 3-4 years where are you when that dries up or you cannot sustain? When you go looking for a job what skills will you bring to the table?

I think it is a career killer and would be very hard to recover from unless you got a LOT of hustle in you and can pick yourself up by the bootstraps and go on.

We are in a time where I feel the world is changing a lot with political, social, economic and technological change all coming so fast. Think of the jobs we are going to lose to automation and AI in the next 10-15 years. A lot of warehouse house and shipping jobs may disappear, the Big 4 Accounting firms in London have hired a lot less graduates this year:

https://thefinancestory.com/big4-graduate-hiring-slowdown-due-to-ai-offshoring

Imagine putting in your entire life to graduate with a good degree from a good institution only to have the sector devastated. I expect truck drivers to be replaced at some time in the next 15 years and perhaps taxi's as well.

Legendary necropost.

Driverless taxis are already prevalent in many cities. Driverless semis are not far behind. AI and automation are poised to transform society.

Many workers will need to reskill, or risk falling behind. This was seen in the past when the US transitioned from an industrial to a post-industrial economy, and may involve taking classes or engaging in self-study to acquire an in-demand skill set. Economic opportunity will continue to be available to those who are ambitious enough to seek it.

 

[Donmarick]

Necropost but this question could be still in someone head in novadays