Domain Empire

discuss Should I quit my job and become a full-time Domainer?

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Azwan Asban

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Now I am working with a company lawyer as a clerk. I work for 8 hours a day like everyone else do.Worked as a clerk was tiring, boring, and I also do not like the bark by my boss. Should I quit my job and become a full time domainer? Being a successful domainer is my dream since a few years ago.If I stop working, what is the impact on my life later? Please share your thoughts and experience. I hope this thread will be able to provide useful lessons to beginner.
 
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I would say dont quit the job. Domaining is a gamble - like a stock market / casino etc. There is no guarantee of a profit, but there are basic overheads you will always encounter. I have heard "rosy" sales figures from many domainers but when you go out to sell you suddenly find the "market is tough", "no demand for your domain", "you cant even get XX for this domain" and then one fine day if you dare drop the domain - you suddenly find someone picked it up and sold it for XXXX!. This is the reality. If you dont have good contacts in the domaining circle I doubt if one can even sell a single domain. I have had domains for many years - some as old as 10~15 years. Till date out of my portfolio of close to around 100 domains I have had just 2 sales in the mid XXX region, but for the other 98 domains I still hold them hoping one day someone picks the domains from me!
 
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As a clerk for a lawyer, your job should not be spiritually exhausting. You should find another job. Or you have to find a way to make your job less spiritually exhausting. If you considered it as means to an end of some day branching out as a domainer, would that help?

well i think domaining can increase my monthly profit and I'm a boss. I can do anything. no stress, no demand. My boss also demand about my gross? every end of month he started talk about my perfomance at work. I think i do a good job.
 
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I would add that it depends from the country that you live in, and from your living expenses. There are countries where the average yearly salary is $30,000 and other countries where it is $5,000 or less. If you happen to live in a less wealthy country, domaining (like any other online work) makes more sense to become your day job.
 
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Keep your job and do domaining on the side. Who really likes their job/main income, or likes it but gets in a rut after several years? Many!

You should always keep the money flowing from your regular income source and if the tide turns then make a change.
 
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@hn i don't think domaining is a gamble like you and others people say.. domaining is BUSINESS and INVESTMENT! IMO.
not like a casino,poker,pusoy or others gambling. Every domain have a value! IMO..
domain is not gamble like casino.
 
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If you can pay your bills buying and selling domains in this day and age, and you enjoy it, then there is no decision to make, especially if you don't enjoy working as a legal clerk. It is never correct to spend lots of your life doing something you don't enjoy doing, with the only exception being that you might have to do something you don't like if you have children to feed. Other than that, there is no question to be answered.

Just say NO to misery. If you can make a living by legitimately digging up good names, and then selling them for a profit without robbing and taking advantage of the the buyer, whether it will an end-user or other domainer, then that is how you should spend your time, if that is what you enjoy.

Any activity that is morally acceptable to you, that you enjoy doing, is an activity that is worth doing. The less time you spend doing things that you don't enjoy, the better off you will be in life.
 
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@hn i don't think domaining is a gamble like you and others people say.. domaining is BUSINESS and INVESTMENT! IMO.
not like a casino,poker,pusoy or others gambling. Every domain have a value! IMO..
domain is not gamble like casino.


ok, then do a little business test. spend $100 on some domains. see how long it takes to get paid $200 for those domains (one or all).
 
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ok, then do a little business test. spend $100 on some domains. see how long it takes to get paid $200 for those domains (one or all).

yes i think can. its depend on you. how do you double your invest $100 to 4 figure maybe. even "mark carpenter" provide he can sell her websites(domain also) only in 2 weeks.
the keys is "don't wait too long to take action".. if you got some ideas, take action.

"don't park your car too long if you cannot pay the bills" IMO
 
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i'm just wondering now how this thread tags changes to "good looking friends"
 
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In india leaving your job is not advisable to make money domaining , as powerful government officials will steal your retirement savings to blackmail you, there are few indian buyers for domain names, and these officials will also falsely claim that the domains belong to their greedy good looking friends who actually do not spend a single penny on the domain name to get their fraud friends lucrative government jobs, at the expense of the real domainer who will be ruthlessly defamed and only left to pay the massive bills.
Can you explain this further. I am also from India and would like to know better.
Thanks
 
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@hawkeye yes. i have only 3 months experience in domaining. I've already learn about this business by reading so many books(borrow some books at library), domainer blog, thread in np. The first step is create a goal and build a first success. go for it. never look at back. yes, i'm done.
3 months is not enough experience to quit your job and do Domaining full time.
Your total profits till date from Domaining?
 
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yes i think can. its depend on you. how do you double your invest $100 to 4 figure maybe. even "mark carpenter" provide he can sell her websites(domain also) only in 2 weeks.
the keys is "don't wait too long to take action".. if you got some ideas, take action.

"don't park your car too long if you cannot pay the bills" IMO
If your mind is so made up and you won't take anyone's advice, I don't understand why are seeking it in the first place.
 
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3 months is not enough experience to quit your job and do Domaining full time.
Your total profits till date from Domaining?

with that 3months exprience enough for me to start. era has changed fren. business today can make you become a millionaire in just a week only. If you know how to do, just do it. and so is the startup. "create a dream and start your engine"
 
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If your mind is so made up and you won't take anyone's advice, I don't instant why are seeking it in the first place.

do you think you can stop this learning
 
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with that 3months exprience enough for me to start. era has changed fren. business today can make you become a millionaire in just a week only. If you know how to do, just do it. and so is the startup. "create a dream and start your engine"
You are saying all the words written in self help books. I do appreciate your confidence but there is something called reality.
How much have earned in Domaining Till now?
Making huge money or becoming a millionaire by Domaining is an exception or a rare occurence and is not the norm.
Many people here including myself have earned $XX,XXX in domain business but will not quit or jobs. You should think why we were are not quitting our jobs.
I have earned more in domain business this past year than my regular job. I started investing in domains just 1.5 years back and have a fairly good experience. But whatever I earn , it will always be my supplementary income rather than my full time job.
 
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Many people here including myself have earned $XX,XXX in domain business but will not quit or jobs. You should think why we were are not quitting our jobs.
I have earned more in domain business this past year than my regular job. I started investing in domains just 1.5 years back and have a fairly good experience. But whatever I earn , it will always be my supplementary income rather than my full time job.

i don't believe you already have made a
$xx,xxx like you say.. can you prove it. what are you sold?
 
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You are saying all the words written in self help books. I do appreciate your confidence but there is something called reality.
How much have earned in Domaining Till now?

my confident level is high. i have a little collection in my portfolio, 25 domain. i believe all my domain can sold. i'm already have made 3 sales so far. not big $650.
 
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opps.. sorry. i've only 15 domain by handreg. i don't like a domain portfolio. are you have 10,000 names in your portfolio? its not business, its gambling. you have to wait 3-5 years maybe 10 years until your domain have a demand.
 
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opps.. sorry. i've only 15 domain by handreg. i don't like a domain portfolio. are you have 10,000 names in your portfolio? its not business, its gambling. you have to wait 3-5 years maybe 10 years until your domain have a demand.

thats why so many domain beginner failed..
 
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Learn English first...

very funny advice. i keep it. shame on me. sorry if everyone cannot understand with my grammar. but i'm very confident every words i'm saying.
 
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@imadoer i like to hear this. now are you full time domainer?

Maybe the reason you have trouble at your job is because you don't like to listen...

...that's not in the field of domaining. I'm still new to this and I haven't made 5 cents yet.

I will bet you $200 imadoer is NOT a full time domainer.
 
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@Azwanasban - I would suggest that you re-read the quotes below. They pretty much sum up my thoughts as well.
Until you are making a consistent income stream from domain sales or parking, or developed website, the question need not even be asked.

Very very few people are making a living on domain names.

Find another day job and continue to sharpen your domain skills.
Well ... yeah, most people don't.
Entry-level jobs suck. Not having enough money sucks more. Doing well at the entry level jobs and building your skills puts you in a better position to get jobs that don't suck.

If you have trouble dealing with the stresses of an 8 hr clerk job, that's nothing compared to the kind of stress you'll feel when you need a big deal to pay your bills and it falls through. And if you can't separate work from the rest of your life while working for someone else, (you said you think of work when you're not there) you certainly won't separate them working for yourself. It's still work and there will still be challenges and frustrations - just of a different kind.

My vote goes to keeping the job for now, sell domains on the side. If you see yourself doing well with the domain sales - well enough to support yourself on that income alone - then plan a transition where you'll at least have some money in the bank and skills to fall back on if you hit a dry spell.
If you can't find the energy to put in in several hours a day at domaining while you hold a job, you certainly won't have the energy to succeed on your own. You are young, and can afford to lose a little sleep if it means getting ahead.

Lot's of people say "If only I could quit my job, I would have the time to.... (write a book, start a business, become a professional artist, etc.) Some do quit their job. Almost none succeed. They squander their savings and never accomplish their goal.

That's an expensive lesson. A year of life gone, money gone, and all they've learned was that they were making excuses and daydreaming before. Don't do that.

Learn to focus now, and to make the most of your time while you have a job. Only after you have learned that will you be able to quit your job and be successful on your own. How do you use your time, except for the 8 hours at the office? If you are too tired to use your free time, why? What happens to the 16 hours each day you are not working at that job you hate?
 
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Maybe the reason you have trouble at your job is because you don't like to listen...



I will bet you $200 imadoer is NOT a full time domainer.

No I'm not a full time domainer to me it's a dream too who wouldn't like to buy a bunch of names and sit back and collect a check i just started and I haven't made 5 cents lol
 
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