How much did you start domaining with?

Started by ruschan, Jun 20, 2022, 12:54 PM

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How much did you start domaining with?

< $300
3 (33.3%)
$300 - $2000
1 (11.1%)
$2000 - $6,000
3 (33.3%)
$6,000 - $10,000
1 (11.1%)
$10,000+
1 (11.1%)

Total Members Voted: 9

ruschanTopic starter

What was your capital when you started domaining?
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viktalina

Domains are cheap to hand reg, under $500 for me. What I would say is I wasn't thinking about domaining as a profession back then (even today, I don't). My first few regs aimed at businesses, different mindset. The domains themselves in terms of quality, I'd be lucky to get anything for them
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Лара

I started with 10K around July 2020, and wasted most of it on crappy hand reg and overpriced auctions.
Had a surprise sales of around 10K in Nov/Dec 2021 combined, and this was when I didn't want to invest any more money. So it came as a blessing. I spent that 10K plus another 5 K in the next couple months on fresh buying which set the path for my current domaining business.

So my out of Pocket was around 15K. And just to make sure I play with house money, I took out 15K from my domaining business account, and I have another 20K in reserve which I plan to continue to grow so that I can acquire a nice one word .com. All these generated from my sales.
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ggroni743

I started with $150 and in a couple of months I increased my capital almost three times. Considering that I am a beginner in this field, I can consider my success very unexpected!
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Dipika24

When I registered my first domains, I didn't consider them as capital in and of themselves. I needed them for specific projects, so I invested all the money not in the purchase of unique domain names, but in the promotion of web projects. Now I see that for many people buying and reselling domains is a profitable business.
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Ravina123

Firstly, I was convinced that the domaining market cannot be overpowered by beauty and convenience. We need new approaches in creativity and advertising. Since targeted advertising on social media is indicative in assessing the virality of any project, there were few responses even from here.

Secondly, I realized that the very process of creating something can be more pleasant than the result. I had a pretty good time while developing domain names and writing descriptions for them. This is honest, sincere and you will hardly find such descriptions anywhere else (this is not bragging for the sake of it).

Thirdly, this is my first full-fledged project that is functioning and ready to bring something. So, a new test, a new experience, and so on with them, is guaranteed to lead to something fine.
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Colin Clark

If you are going to resell domains, then the approach and capital should match each other. To start with, reselling domains is a long-term business that requires constant reinvestment. You must have both cold domains and hot domains. My wallet, the pull that I reinvest every six months, is $2,000. I also entered the market from 2000, but after 2 months I spent another 1500 (at first there were many mistakes). On average, the price tag of a good domain is not high, but it is difficult to make money on such domains. If you want a big net profit, prepare a good pull from the start.
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