Do you guys give up in domaining yet? Or are you thirsty for more?

[Arief WN]

I see some members here are giving up in domaining.
Is domaining really that hard? Or have they just found something cooler to do?

Guys, I'm giving up domaining.
I have enjoyed posting here and meeting friends, but the time has come for me to move on.
I wish everyone all the best and good luck in their domaining venture.
Cheers guys!

I quit domaining and didn't reg a domain name since a year
...

 

[Trader]

Simple...very simple ..but they what understand to domaining i dont know, buy a $8 domain and sell it $100,000 in one week maybe, but if you know lifes hard and simple sides, this is very simple...

 

[FX]

Domaining is a hobby for me, and it has been a fun hobby since 1998.

most new domainers look at sedo or dnjournal and think wow reg a domain and I can have $100k in a week it doesn't work like that, you gotta chase and find the buyers and keep building ROI and buy better names then the endusers come to you

 

[Fonzie]

Is domaining really that hard?

In the year 2012?
It's god-awful hard.
Matter of fact, it's so hard that certain persons who enjoyed great success at domaining early on (when it was trivially easy) have made gigantic asses of themselves in recent years trying their hands at it now that actual brainpower is required.

People come on a forum like this and see all these people participating and think to themselves 'surely, all these people doing it, somebody's got to be making money somewhere...' but the real answer is pretty ugly.

The vast, vast, vast, vast majority are not. What you have left here are a few straggling hobbyists, a gaggle of newbies who are still in the enthusiasm phase (that will wear off after a renewal cycle or two) and a core group of retards who have income from other sources that are just too hard-headed to realize that they suck at this. Bad.

To put it more plainly, aside from a flkue sale here or there, there are very, very few people here actively posting on namepros making meaningful amounts of money at this. You could count them on one hand.

 

[Trader]

...

 

[VisionEdger]

In the year 2012?
It's god-awful hard.
Matter of fact, it's so hard that certain persons who enjoyed great success at domaining early on (when it was trivially easy) have made gigantic asses of themselves in recent years trying their hands at it now that actual brainpower is required.

People come on a forum like this and see all these people participating and think to themselves 'surely, all these people doing it, somebody's got to be making money somewhere...' but the real answer is pretty ugly.

The vast, vast, vast, vast majority are not. What you have left here are a few straggling hobbyists, a gaggle of newbies who are still in the enthusiasm phase (that will wear off after a renewal cycle or two) and a core group of retards who have income from other sources that are just too hard-headed to realize that they suck at this. Bad.

To put it more plainly, aside from a flkue sale here or there, there are very, very few people here actively posting on namepros making meaningful amounts of money at this. You could count them on one hand.

Thumbs up 2 the Fonz on that one!
AAAA....

Ive been seeing alot of new posters so that must mean quite a few newbies most likely to domaining business. Its a tough hard road to go in any business let alone this one & if u r quitting your job to make your fortune u need to see a specialist. & I'm not talking about a massage either.....that comes later. :hehe:

I do this as a challenge to see if I can even break even is awesome as I finally caught on & allowed myself the ability to be into domains mainly to simply gamble a bit at domaining, better than hitting Vegas more than i need to (i used to do that alot!).

Domaining gives me some small chance of making a sale now and then & if not well it only cost me a relatively small fee to learn if I have junk domains or not. If so I move on to the next batch.

I rationalize it just like I do when i buy lotto tickets, if i dont get in the game I dont give myself a chance to win once i a while & maybe someday i'll luck out & hit some decent jackpot.

Ive also noticed a number of baddd domains being sold imo & wonder why my bad ones let alone good ones arent selling? lol. There should be a domain sales site that is specifically for the junk names. Junkpark.com


8^X8^X8^X8^X8^X8^X

 

[lennco]

Its just like any other business.
You do it well then you make money, you do it bad and you lose money.

 

[Arief WN]

I think domaining is a little bit different compared to other businesses:

• In domaining, you sell something very very unique (a name with its extension which is only one in this very world),
  while in the other businesses usually you sell something like mass products.

• And I think domaining can be run smoothly just by one person,
  while in the other businesses usually it takes a team.

So I think domaining is more flexible compared to other businesses.
You can do it just for fun (as a hobby), or as a serious business (with more money and more tension involved).

:imho:

Its just like any other business.
You do it well then you make money, you do it bad and you lose money.

 

[Trader]

...

 

[lennco]

I think domaining is a little bit different compared to other businesses:

• In domaining, you sell something very very unique (a name with its extension which is only one in this very world),
  while in the other businesses usually you sell something like mass products.

• And I think domaining can be run smoothly just by one person,
  while in the other businesses usually it takes a team.

So I think domaining is more flexible compared to other businesses.
You can do it just for fun (as a hobby), or as a serious business (with more money and more tension involved).

:imho:

Every business is a little bit or a great deal different form one another, that was not my point.

The one thing all businesses have in common is what I said.
And that is, Its just like any other business, You do it well then you make money, you do it bad and you lose money.

 

[dnb8]

I can't give up domaining because it's the only thing I can do

 

[Kate]

Yes, domaining is hard. The turnover is quite high because few people make any money. Sooner or later, they realize that their dreams and reality do not jive.

I think domainers tend to overestimate the size of the market too. The demand for domain names is limited. Of course it could be argued that end users don't get it but perhaps domainers don't get it either. We have to cope with reality.

 

[Alan58]

Yes, domaining is hard. The turnover is quite high because few people make any money. Sooner or later, they realize that their dreams and reality do not jive.

I think domainers tend to overestimate the size of the market too. The demand for domain names is limited. Of course it could be argued that end users don't get it but perhaps domainers don't get it either. We have to cope with reality.

According to this, finally i think it is that hard.

 

[VURG]

Domaining requires patience like most businesses. I wouldn't go seriously into into any business venture if I wasn't willing to at least aim to put 4 years trying. I'm waiting with domaining. It's a buyers market at this time and so it is a bit slow now but it will probably pick up in the next phase of growth.

What I have noticed about domaining is that many domain names that give an average ROI of greater than 15% per year will be considered a waste because they didn't grow by 100+% per year. 15% is fast but many people are impatient in this forum and complain because they think that fast growth is slow.

A lot of successful domainers wouldn't waste their time communicating in a forum like this as it is often criticised as a place where teenagers with idealistic views on domains come to promote their rubbish domain names. There's definately money to be made if you carve out the right niche for yourself in this market. Me personally, I don't buy many domains like I used to but I try to stay involved with this forum as I like the community here and I expect that if I may return to this market more seriously in the future than maintaining this relationship with the community here will be valuable.

In general, if you have a valuable collection, telling people about it is high risk as people will give you problems if you collection is famous and so you tend to have people with poor collections doing most of the talking.

Reference Code: PHOJ00009

 

[humbug1s1k]

I rationalize it just like I do when i buy lotto tickets, if i dont get in the game I dont give myself a chance to win once i a while & maybe someday i'll luck out & hit some decent jackpot.

Thats the same way I look at domaining, its a fun hobby and I will consider buying a domain or a lottery ticket. I think too many people also dont consider the % returns carefully enough. There is a post somewhere on here with a guy asking if he should sell (IMHO a pretty average reg fee domain) for $2000!!!! Well unless he paid $3000 for it then Im guessing it was reg fee or not much more....then sell godammit! If I could make 100% profit a domain Id be laughing, let alone %500 or %1000. Unless you've got the money to buy premium developable domains then just see domaining as a fun/hobby, you might make a little, you might lose a few $$'s and if you get the $$$$ offer dont be greedy!!

 

[Dave]

Yes in the year 2012 domaining has become a lot more difficult than when I first started doing it as a hobby back in 2007. Back between 2007 to 2010 or so I roughly made mid $x,xxx+ a year just buying and reselling domains to resellers and end users. Nothing special compared to some but as a part-time hobby its not too bad. However this year I have only made around $2,000 and it is almost the end of the year. Roughly around 60% less than a few years ago and I have had to actively sell and put more effort in to make that $2,000, over half of which came from one sale.

Perhaps now is the time for us to venture bigger and take bigger risks. For example the domain Fiesta.org was in private auction at Namejet and I bid up to $900. The winning bid was $950. Should I have taken more of a risk? Yes perhaps so..

 

[mrwiippy]

Dave i also have to agree with you. Sometimes you need to take risks though at the same time be very careful.

 

[.NJ]

Domaining is a great example of "don't judge a book by it's cover".

If anyone thinks they are just going to walk into this industry and instanly profit form it is simply put WRONG.

Two important aspects of domaining:

1. It takes money to make money. (Think aftermarket, not hand-reg dreams)

2. What you put into it, you will get back out. (The money will not find you.)

 

[ezcoms]

Sometimes you can get a bad taste in your mouth when the money doesn't pour in like you wished. I think communicating with other like-minded people is great. Maybe big investors don't come on here to converse because they don't have to. They have money that does the talking for them.

 

[namemarket]

A big reason newbies think domaining is lucrative and are so excited by it is they see 100s of names selling every week in dnjournal.com and notice many of them are dubious value names or seem like reg fees but still sell for 4 or 5 figures.

What the don't realize is the reason that happens is because it's basically a giant numbers game, with luck involved to.

There are 100s of 1000s or millions of names for sale, so assuming a miniscule percentage sell every week because an end-user could use it or stumbles across it, that results in the market looking much better than reality.

 

[Aggro]

In before marginal domainer from Ohio (or is it Okie), Mugford, comes out of the closet stating:

"End user market is not dead.

If you have premium domains, they will sell.

I just sold a .ORG for mid $'000 which is under NDA.

Brad"


:lol:_\|/_

 

[Kate]

How is that funny Aggro ?

 

[bmugford]

In before marginal domainer from Ohio (or is it Okie), Mugford, comes out of the closet stating:

"End user market is not dead.

If you have premium domains, they will sell.

I just sold a .ORG for mid $'000 which is under NDA.

Brad"


:lol:_\|/_

What are you talking about?

Brad

 

[000]

Two important aspects of domaining:

1. It takes money to make money. (Think aftermarket, not hand-reg dreams)

Not necessarily. I've personally sold 30+ hand regged domains for $xxx+ each this year (including turning $0.18 into $695) which to me says it IS possible to make good money with very little investment, IF you find and employ a strategy that works for you.

 

[Volkito]

I can never do such a risky business to make a living. But it's quite fun as a hobby.

Very astute observations about the newbies. As one of them, I can testify that it looks very easy and profitable from the outside. Doesn't take long to realize it's not! But if you have enough domains, I guess flipping them would be like investing in the stock market, but here at least you can be creative. For example, I'm sure some people will make good money with the new TLDs.

Also as a developer it lets me to work on developing my own tools which doubles the fun!