£100 to £5000

[cc976a]

Given the nature of domain names today, and challenges with new small affiliate based sites, I'm wondering what the domainer community (and those who dabble with site development and even the crypto currency tidal wave) would do now to turn a £100 to £5000 over a 3 to 6 month period?

Without putting the £100 in to an existing website, or advertising an existing domain name, what would you do with this small investment to achieve a total revenue of £5k within 9 to 18 weeks?

Perhaps incremental domain flipping; domain catching for a big fish; buying an unloved site with backlinks, 'renovating' it and selling on for a profit - then maybe rinse and repeat?

Having done this a few times in the past using nothing but brute SEO force - I know the playing field has changed over the past few years since trying. Be interesting to see others viewpoints as we move in to 2018??

 

[Edwin]

It's tricky, because if the strategy involves the disposal of the asset (or of several assets) along the way, rather than building a revenue stream, then depending on how much effort is involved it might almost be worth working for someone else instead.

By that I mean that, say it takes 250 hours over 6 months to buy, flip and sell domains worth £5k in net revenue starting from just £100 then at the end of the process you're left with £5k in cash and zero domains. You've effectively earned £20/hour which is very good compared to minimum wage, but you've still got nothing "sustainable" out of it. In other words, to earn the £5,001st pound you're going to have to repeat whatever you did all over again.

So you could equally well have spent 250 hours working for other parties and, assuming you could find a skill that paid sufficiently, earn the £5k that way instead. I know that probably sounds dull and boring and "old school" but it's still a legitimate way to bring in cash if that's what's needed. And thanks to the rise of a quasi unlimited number of online marketplaces, it should be possible to find somewhere to market your skills (if they have a decent market value).

On the other hand, if you develop a website/tool/resource that brings in ongoing revenue, that's worth a lot more in the long term as long as the revenue can be sustained (but it may not have accumulated £5k in revenue within the timeframe you described).

 

[cc976a]

Very good point Edwin

Let's say at the end of the 3-6 months you didn't necessarily have to dispose of the asset (or assets) but have an accumulated value in those assets worth £5k that could either be sold or continue to grow as an asset and be worth £20k, £100k etc... by the end of the year.

So in 3-6 months the challenge was to have an asset with that value rather than necessarily having to 'cash out' and have the disposable cash only to start the process again

 

[dee]

Id buy 1 lottery ticket, a pair of stockings,a bag with swag written on it and a replica handgun.

 

[RobM]

Trade forex at 2% profit per day

 

[martin-s]

Buy a mobile phone and sell my expertise

 

[ausername]

Extend my time frame to 18 or 24 months and build another content site which could generate far in excess of £5k a month every six months for a very long time.

 

[wonder_lander]

Trade forex at 2% profit per day

I know nothing about forex trading but how realistic is that, is it 20 mins per day or are you talking about needing to be glued to your computer for 8 hours?

 

[dee]

I know nothing about forex trading but how realistic is that, is it 20 mins per day or are you talking about needing to be glued to your computer for 8 hours?

Depend how good you are and on what timescale you trade ! Problem with startng with such a small amount is that you need a buffer to account for 'noise' on the smaller timescales. Trading with leverage would get 100 bucks wiped out pretty quickly if it went not far in the wrong direction

 

[RobM]

If you know nothing about forex trading it's not realistic. It took me several years and thousands lost before I consistently started to make a profit. Once you've got past the learning time though 2% a day is realistic but you have to treat it as a job so there can be long hours. I was being a bit flippant really - more a comment on the multitude of 'get rich quick' schemes around the markets.

 

[dee]

On a side note. Currently getting a return of 1% a day 'ish mining Bitcoin via hashflare( thanks to advice ian) Actually getting paid daily rather than potential. Seems good so far.

http://dogecoin.co.uk

Aff link in case anyone is bothered.

 

[Admin]

Trade forex at 2% profit per day

A commonly known fact is that most forex traders fail. In fact, it is estimated that 96 percent of forex traders lose money and end up quitting

 

[dee]

A commonly known fact is that most forex traders fail. In fact, it is estimated that 96 percent of forex traders lose money and end up quitting

Probably right on the money. @RobM is further up the scale than me it seems but same, taken years and just about being profitable now. You have to stick with it.

 

[RobM]

Yes there is a high amount of failure and people quitting the markets. I've been doing it for years and love it. There can be boring days with low volatility but they pass and that is the time when you go and do something else. For example though I made 18% of my capital on Friday on the canadian dollar unemployment news for only 0.5% risk. Excellent days like that can more than make up for the expected losses.

 

[dee]

Yes there is a high amount of failure and people quitting the markets. I've been doing it for years and love it. There can be boring days with low volatility but they pass and that is the time when you go and do something else. For example though I made 18% of my capital on Friday on the canadian dollar unemployment news for only 0.5% risk. Excellent days like that can more than make up for the expected losses.

NFP's always make for an interesting day

 

[RobM]

I generally avoid the news preferring to be out of trades for some of it. However I was expecting better than predicted news on the CAD and the market wasn't - that's why it was worth the risk. I'm still more technical analysis but I do take notice of the fundamentals. Back to the original post though I don't know of a reliable way to do that in today's domain market. It was possible 10-15 years ago but the net seems saturated to me with google devouring more and more potential.

 

[dee]

I generally avoid the news preferring to be out of trades for some of it. However I was expecting better than predicted news on the CAD and the market wasn't - that's why it was worth the risk. I'm still more technical analysis but I do take notice of the fundamentals.

A trading thread would be really interesting ! I prefer technical also. I've been experimenting with extremes on bollinger/RSI which works most of time.

 

[cc976a]

The small investment to larger ROI doesn't necessarily have to focus or relate to domain buying and selling. Could be FX trading, share trading etc...

Perhaps £100 was a little on the small side.

Shall we say £300-£500 investment - does this open the goalposts further

 

[Skinner]

If you have XRP, which you can buy at £1.90, they are selling all day on ebay, some users are getting 100+ per day selling at £3+ per coin, so £500 of XRP, could be made into £750 in a few days, and so on. Seems ebay are enabled easy coin purchases, but the volatility could mean you don't always make above market.

 

[rover2000]

I trade the Forex but starting small and growing bigger might not be an option for very much longer. Euro wide regulation is forcing brokers to massively reduce the margin requirements of customers. Take a look at IG for example. Margin requirements for stocks and shares has already been reduced. For Forex it remains the same for the time being. Might be a case of start big and get smaller!