accelerator

Hi All

Just an interesting question to ask the forum. Which of you feel you could make a living (let's say £20k a year) purely by flipping currently free to reg .co.uk domains?

Would a shrewd domainer be able to find enough value in unregged .co.uk's to do this?

Rgds

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rob

'depends' IMHO due to:

Are you talking £5 -> 20-50 flips or catching money.co.uk for a fiver and 'flipping' it then working 1 day but spread earnings over 10 years

Assuming the former...

If £20k is 'take home' then profit needs to be fair bit higher.

I dont think its sustainable or a 'career', I mean domainers seem to be quite short sighted to a degree as the landscape 10 years from now will be very different. Opportunistic gaps created by market inequality can be grabbed, but not depended on.

I think it is doable in theory, but if you are the 'shrewd domainer' in question then why would you be doing that?!

accelerator

Catching would not be allowed. I mean doing lots of little flips, probably to others on here. I think achieving £20k a year would be extremely difficult, but not impossible, and it's not something I was seriously considering.

Once you've been doing domaining a while you know where the money is, but normally these exact keyphrase names are gone. So the question is would you be able to reg names that are slight variations but still good enough to flip on here.

Rgds

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turnic

Nothing flips here for more than 10 quids. If you flip 10 GBP10 domains a day it makes 50 profit a day (if you are non-VAT liable). That makes around 19K. Don't forget you need to flip 10 times. Even a domainer guy in romania can't do that continously.

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retired_member16

No, I dont think its possible. It would take a lot of time and effort to get to that level and even then £20k isnt a living.

Still, its easy to double your money and turn a £6 name into £12 in a matter of minutes, so if you were fully focused then you could earn a small amount to suppliment your regular income.

I see it as a hobby, always will. Just a 'hobby that pays' as I say to anyone who is daft enough to ask me about domains.

BG

100% possible as I've done it a few times over...

Callertones.com i regged at www.regme.com for $9.95 and sold it for $25,000 and Pokertalk.co.uk i bought for reg fee £5.00 and flipped it for a very nice profit too.

All depends what type of names you're buying and whether you're prepared to put some leg work finding the buyers etc.

100% can be done though, and has been done by many others I'm sure...

Read the news, scan for new technologies / products or services coming out, just try and keep a head of the game if you can.

i just purchased a name at reg fee and ill flip it for nice amount guaranteed.

Good luck either way.

As Cheeko would say PMA = Positive Metal Attitude :P

Barry

Regards,
Barry

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cm1975

I think it's achieveable, but I would say £20k profit is a hell of a lot more likely than £20k income, as the former would assume that you reinvest much of the profit from each sale, whereas income would suggest a steady withdrawal of working capital over the 12 month period.

The more domains you have to work with, the better your chances, so I wouldn't restrict it to .co.uk and would expand across the whole .uk if you know what to go for!

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philiporchard

I'm changing my name to Barry - maybe that will help!!

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retired_member13

I think it's easier to buy and flip names if you don't restrict yourself to one TLD, but I'd also have said that combining new regs with good aftermarket buys would be a better strategy.

Whether you pay Nominet £5 or Mr A.N. Other £500 for a name when you acquire it makes little difference if you believe it's inherently worth more than the £5 or £500 in terms of how you personally value names. I look at aftermarket names as having a "premium" reg fee in terms of having to pay the "lost opportunity" cost - but after that they are all £5 per 2 years to renew.

Edwin

I'm guessing you'd have the best chance if you had a large budget to sink into it at the outset.

If you spent 30,000 pounds to register 5,000 names for 2 years each, then you priced them all at 2,000 pounds, you would only need 15 sales to break even. Sell 20 names and you've got yourself a 33% return.

Of course, that could also be a quick way to lose your 30,000 pounds - but as I've posted many times before, as long as the names are generic and commercial then the wider the net you spread, the better the chance you have of selling something.

The other route is as people have posted, to buy small quantities of names and flip them for 10 pounds or 20 pounds here and there, but then you'd need to have a sell-through rate of over 50% to really make anything of it, versus 0.3% if your goal is to sell 15 out of 5,000.

Naturally, there's a lot of work - a LOT - involved in finding anything like 5,000 commercially viable, free to reg domains - but that's the ONLY way I can see that somebody MIGHT make a decent return without buying from 3rd parties or doing the drops i.e. only starting with what is still available to register.

If you then spent all your effort to sell 1 name a month, that's 24 sales over 2 years i.e. 48,000 pounds return for 30,000 pounds invested. That's an 18K return, plus you've got the funds to renew the rest as well. And if you gradually refine your sales approach and bump up your success rate then your return will go up.

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