So I have read a few articles on the new about "domainers" and how they make great side income buying and selling domains. Is this true? or is more of a luck type situation right place right time? Any link or books about buying and selling domain strategies would be welcomed as well.
it is true to a degree, but it is like any other business, where 90% or something of all new businesses fail. there is no money falling from the sky or roads paved with gold but for the diligent and savvy. there are several ebooks you could read, though i have not read any so i dont know whats good. also seek out domain forums and domain industry blogs. read read read. its all there, you just have to have a fine bullshit detector and weed through the junk
Some lose money, some make money. It completely depends on your skill and vision.. and some luck as well.
ebook just guide..domainers must creative i ever bought an ebook and make profits from this ebook guide, 90% useful last year..but that ebook just 50% practically this year. maybe other 50% i must get from other source (experience, market watch etc)
it must be like day trading or sports betting, there's no value created, most lose money or break even, and some make money
99% of domainers make no money at all. The only way to make money this ate in the game is to actively market your domains to endusers.
Yes, luck is very important. You may spend thousands on registering/buying domain names and sell nothing. On the other hand - one of your domains could become worth a lot of money for a single company that would buy it for you and make your business profitable.
Yes, some domainers do make money. It all depends on the quality of the domain and how much the keyword is searched per month. Some people register crappy domains that are worth nothing and I have done that when I started out in domaining a couple of years ago. Over all I have wasted atleast a few thousand dollars on crappy and useless domains that I had to let go and expire. Along the way I learnt how to register or buy quiality domains. Sometimes it takes time to sell your domains but if you have real good keywords domains that have high search volume and high paying niches then you can sell them at a decent profit.. Just make sure you only go for .coms mostly.. and other exceptions are .Nets, and .Orgs rest is mostly crappy extentions including info.. Althought PaydayLoans.Info was recently sold for $24,000 so well yeah there are some great keywords that can be sold for a decent amount... But Stick with the .Com, .net and .org mostly or maybe cctlds are also valuable... and Also just stick to the KEYWORDS ONLY.... No made up words .. You will do just fine.. Once you have acquired good domains work on selling them to end users, hire a broker , sell them on sedo or Afternics and such places... Or you can build a full fledged site on the domain and build traffic and then make money with adsense, affiliate programs and also advertisment revenues.. I hope this helps...
Read what the people above this said, it's all true and more. Domaining isn't one business, it's several. Some buy domains to use for revenue, some to sell reasonably quickly as stock in hand, and some to hold for some future payoff. Let's concentrate on buying to sell fairly quickly, this looks like any other trading operation, but it's different from other businesses for three main reasons. Domain names aren't fungible. If you're a rice merchant you buy rice from a wholesaler and sell it on. Each bag of rice (of a particular grade) is the same as every other bag of rice; if you're a foreign exchange dealer, each euro is the same as every other euro. Every domain name is unique, this creates its own problems and its own benefits. It's a highly speculative business, you buy a name and need to find a buyer to sell it to. You need a good eye for likely names, there is no point buying ZXCVBJKP dot com (trust me here) You can't just sell it to anyone, you need to find people for who that name makes sense. Using my examples from above the rice merchant has no use for ForexTraders dot com and the foreign exchange dealer probably doesn't want RiceMerchant dot com so you need to find the right buyer You need to find your buyer at a time they want to buy and you need to do it before you run out of cash. It's a new field and changing constantly. Domaining today isn't what it was in 1998, it isn't what it was in 2005 and it isn't what it was in 2009. In every business today's reality is today's reality and you can normally expect it will only change slowly (although last year's crash shows it can change fast). In domaining expect today's reality to change pretty rapidly. For the above reasons, there isn't a school where you can study for 4 years, get a degree as a domainer and have a good chance of going out into the field and making a living. Putting all that aside, it is like other businesses as well. You need to work hard to make a return. You need to work smart to survive. You won't have a boss or a franchising company telling you what to do and when, you need to know what is the right thing to do and when to do it. You are selling, you need to be able to sell. Can you go down to the local market with a table full of mixed junk stand there and sell to people? Try it one day, it's harder than it looks. You need to expect to make some mistakes, more in your early days than in your later days, but you will always make mistakes You need enough capital (or a day job) to keep you going while you get started Can you make money out of domaining? Sure, if you have enough seed capital, are smart, work hard and have a lot of luck.
Haha, I wish there was a school like that, I'd enroll in it To add my own opinion to the discussion - yes domainers do make money, but they lose money too, especially when it comes to renewal time. It's hard to make a living as a domainer.. it requires a lot of patience, you may not get a sale for months on end. Websites sell much faster. I am in the domaining business because I like buying and selling, I have fun doing it
The big thing with domaining in the year 2010: it's a real job now. The days when you could buy pretty much any crap and sell it for a profit are looong over. You need to commit to a serious system of research and put in effort every day to find value out in the market. You need to watch the quality of CPC keywords. You need patience to sit on good domains until they pop. You need a degree of realism to price down domains that just aren't selling. It's a job.
It annoys me that they do. I understand it with trademarks that aren't just misusing generic terms, but otherwise it seems like a luddite attitude. If you bought land and tried selling it at a profit nobody would say that you are a thief. If you bought art and tried selling it at a profit nobody would say that you are a thief. If you bought vanity number plates to try selling at a profit later very few would say that you are a thief. What's so different about domain names? Like it or not when domain names were invented, they became a new class of property, and the rules of capitalism apply to it in the same way as any scarce resource. The only issue I can see is that they are a new type of property.
You need search for keyword domains. Every job is tough and so do domain buying and selling has much risk but as long as you have some good keyword domains you can do very well in selling them.