Domain Manage

How many members do this for a living?

Discussion in 'New Domainers' started by Nova, Apr 23, 2012.

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  1. Nova United Kingdom

    Nova Active Member

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    I was just wondering how many members make a living from buying and selling domain names, or developing domains in order to sell or generate money?

    I don't believe it is as easy to do as some might believe and most, probably only do it as a hobby, or do it part-time, am I right?
     
  2. Domain Forum

    Acorn Domains Elite Member

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  3. Edwin

    Edwin Well-Known Member Exclusive Member

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    Yes and no. Selling domains is the sole business of one of the companies I run, but I am involved in 2 other companies as well.
     
  4. BREWSTERS United Kingdom

    BREWSTERS Well-Known Member

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    Been full time for a few years. Have dabbled at development with no success, so just stick to buying and selling.
     
  5. accelerator United Kingdom

    accelerator Well-Known Member

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    I'm full time, mainly a developer, and although I like my job, I'm sure there are easier ways to make a living.

    I think pure domaining is going to get a lot harder, as supply of the decent names is going to dry up, and the years of the "internet gold rush" or domain land-grab are behind us.

    Whether you can make a living from it comes down to your own ability. I would say quite a lot of skill is needed to become a full time developer, but the good news is you can start part time in the evenings. If you can combine business analysis, technical know how and marketing skills, it might be for you.

    Rgds
     
  6. Nova United Kingdom

    Nova Active Member

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    Thanks for the input guys. I am working full time but like a lot of people my job is under strain and I may be made redundant in the near future. I have already developed one website as a hobby and it is doing well and bringing in some money so I plan to try and build on that. I'm playing around with Wordpress and enjoying getting the hang of it. I like working with computers but I'm manly self tought. I also started a limited company where I buy and sell specific products and it's ticking over okay.

    I'm thinking of developing two or three websites in my own specialised field. Then looking at other options. I would like to buy and sell domains to but don't have a clue about pricing them.

    Regards,
    Nova
     
  7. boxfish United Kingdom

    boxfish Active Member

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    I don't make my money from domains but I have been self-employed running an ecommerce site since walking out of my job 4 years ago.

    One thing I don't get is people who want to create more than one site to start with. In the past, say up to the 90's no-one quit their job to start 2 businesses or 5 businesses, they built one business then expanded/diversified as it grew. Nowadays people want to build 3 or 5 sites incase Google bins some of them.

    One decent 'full-time' site with full-time development and promotion has a much better chance of success than 5 'backup' sites, it also has more chance of being promoted in other ways as, in theory, it should be a better finished product.

    My advice is build one site, make it awesome, get a stable income then decide which route to follow.
     
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  8. Bailey United Kingdom

    Bailey Well-Known Member

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    From a purely domainers point of view, I don't think it's possible to start 'fresh' today. ie from scatch and expect to be able to gain an income just from domain trading. Even from the postion of someone like myself who started buying domains as an investment in the late 90's, over time the holding starts to diminish. I'm fortunate in that I do have other incomes. So domaining for me is a mixture of work and play.

    I'd love to get into development but, feel I spend too much time in front of my computer as it is
     
  9. stender United Kingdom

    stender Well-Known Member

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    When People say I gave up my day job and do this or that full time now it can be misleading. Theres a difference of I gave up my macdonalds job and now do affiliate fulltime covering my £100pw and I gave up my £70k job and am making £70k + doing this.


    I did an anonymouse survey once asking income from affiliate/domaining/adsense/ecommerce and how many sites? time spent on each area etc... would of been quiete inspiring but didn't get too many responses.

    I think it would be very difficult to make good money domaining these days. There isn't a lot of decent stuff dropping these days, domain owners you may approach are either clued up or unrealistic. Most have been approached by us already.

    I echo "concentrate ideally on one good site" Once that's making money you can try and replicate and pay someone to admin the first one.
     
  10. boxfish United Kingdom

    boxfish Active Member

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    I gave up a job living and working on a Scottish holiday park where I was earning £35k selling static caravans and had free accommodation (a crappy old caravan). I had no internet and no computer for 2 years.

    I made 18k in my first year self employed so not heaps but enough to pay rent and eat. I don't think that is too shabby since I didn't even know what SEO was and hadn't touched a computer in 2 years.

    Since the second year I have been earning more than I was in my old job and I have lots of spare time to work on other projects too now.

    If you have an existing knowledge and sites that are already established then you could do really well even in the first year.
     
  11. SCJohnson

    SCJohnson Active Member

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    Totally agree. I started an ecommerce website three years ago and now it's well into a six figure profit a year.

    I have a few other ecommerce websites that I just let tick over but I put nearly all my effort into the main one. If I split my time between all of them I guarantee I wouldn't be earning as much, even with them all combined.

    I'm just starting to think about diversifying now and that's only because I feel like I need a new challenge.

    My advice would be to choose something, stick with it and work your arse off. Trust me, after a few years you'll have learnt so much and picked up so much information you'll be in a good position to start something new.

    There's no contest between one kick-ass site and ten sites which have no real effort put into them. Think about it... if you split your 100% effort into ten, you can't expect much return on that 10% effort.

    Let's face it, in this game, the saying "You only get back what you put in" is a good thing to remember.
     
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