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Well, what can I say. It's been 1 year since I last posted about my full time Job as a Domainer.
100+ .com's Sold. Have made enough money to pay bills. August, October was a though month basically 0 sales. December has been good so far. Have several end user sales pending.
As mentioned in the past, I buy expired domains and sell them for $50 to $300. Rarely, I get an end user that pays over $300-$1000.
Market is very though, end users are not spending money. Several mistakes I have done which I will share with you. If a end user emails you with a counter offer, take it. Cause once you counter offer back, they will not reply back. Even if you email them back to accept their counter offer, they will not email back. I've experienced this several times now and very unhappy about myself. Think about it, you renew an expired domain for $20-$40 US, even if you make an extra $10, you are a winner! Just to get end users to reply back to your emails is hard enough, so if they counter offer, take it!
Several other issues that have caused me to loose money is paypal, it seems a lot of end users are scared using paypal! I don't blame them, paypal is scammers merchant tool to steal money from honest people. I always remind end users, that I own a business account that has been around for several years with positive ratings and zero negative ratings. Yet, it seems to be an issue. Several small sales were never closed due to paypal, end user got scared and never emailed me back even though I offered other escrow options.
They key in selling domains is knowing what to renew or reg! Anyone and everyone can make money from domains!
The minute the expired domain becomes yours and is in your account, you will need to make a sale with in the first week. If the domain does not sell in the first week, then the domain will sit and dust in your account. You should have a list of end users already on your notepad before you reg/renew a domain name for end user sale! Do not go and purchase something and then start looking for end users. It is very important to know what the market holds for you to take advantage off!
I've mentioned it several times now, how to you find end users? Simple, Google it!
Google the keywords of your domain name and see how many of the search results return end users who could benefit from your domain name! and only focus on .com!!!!!!!!!!!!!!!!!!!!!!!!!
Most end users use ugly combined words or letters in their domains, this is your chance to pitch your well combined keyword/letter domain to them for $50-$250 US!
Yes I said .com only, why would an end user pay you for anything else? .com should be your number 1 focus in building your portfolio. any other extension is only good for the aftermarket that Domainers use for trade! End User are rare for purchasing anything other then .com
Domaining is fun and profitable. Do not give up on yourself because you have not been able to make a $1.... I have purchased about 2000+ domains since I started... everytime you sell one domain for $250, that pays for 25 domains/Reg Fee cost! do the math and you can make money.
I wish everyone the best and hope the new year brings you a healthy profit. Remember, don't be greedy and you will be a successful Domainer. You don't have to make millions to be a Full Time Domainer.
Happy New Year to all.
Great post. Happy new year!
Paying all your bills doesn't really mean you are living comfortably. I am glad it is working out for you though!
Great post. Buying up expiring domains is an area I'd like to invest in, in the future.
It's more stressful to work for people who don't pay you good. This way, I work for myself.Originally Posted by theinvestor
Sooner or later I will retire due to Domaining!
Happy new fulltime domainer year
My experience is to put youself in a stronger position at the very beginning of the end user negotiation. State clearly how much you want, tell them the price is firm if they countered a much lower price then tell them you have to pass and say good luck to their project. If the end user is serious enough to get this domain, he won't be pissed off. The more counter offer you made will let the buyer think you may leave more negotiation room on the price. They may even reconsider the purchase.
Good luck with your 2nd year full-time domaining!
I always email end users with Price.
Example, Price $250 US
Counter Offer is $150.... Take it!
From 1 year experience with small business owners/end users, they will walk away - they really don't see the value in domain names. When you have their attention TAKE IT!
Good stuff congrats!!!
.Buying .ca domains pm with pricing, will reply ..., thx
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Thanks for sharing, good read.
just got very lucky, I had emailed an end user for a domain name I renewed from the expired list 12 days ago and had priced it at $400, i received and offer of $250 and I countered offer with $350 and the end user said their not interested. I tried to get an offer from them and no success, so i decided to email them again and say ill accept their offer of $250 and i just received an email from them, they have agreed to purchase the domain name for $250. This is very rare for me for end user to reply back after i rejected their initial offer.
so it does not hurt to email end users and accepting their offer...
my cost $13 US , profit $237
very good post and your experiences.
Good luck.
Congrats on the successful year!
One word of advice, what works for you doesnt work for everyone. I have had more success selling keyword .net to endusers than .com, and yes the prices were at the same level if not higher. There are many great keyword .net out there, people shouldnt limit themselves to one extension. I have sold .biz, .tv, .info, even a .cc a few weeks ago, keywords are what matters most. Im sure others will agree with me.
I've never come close to the .tv i sold several years ago for $5000 US. However, I decided to focus on .com, since thousands of them expire everyday. At end of the day, .com is easier to sell.
Great thread! Thank you for sharing.
Merry christmas and happy new year.
Good luck, dude.
I also like the thread.
Congrats.
Merry Christmas and Happy New Year Guys ;-)
Nice post, all the best for 2010.
Thank you for the support. Hope we all have a great 2010, to good health and good income.
Congratulations on escaping the rat race. Hopefully this year you can stop slumming it and concentrating on making some real sales
Have European traffic to monetize? Try being a poker affiliate! http://bit.ly/AyPJGw
Great to hear you are making your way.
HI
Congrats with your success selling domains full time... and for sharing your tips.
Do you ever get people emailing to back complaining of spam when you contact people you found in google..
And how many people to you email on avg per domain you are selling.
Thx
Tom
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