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 the capital with which you began your career in domain investment?
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viktalina

Registering domains costs me under $500, and I didn't really consider domaining as a career path back then (and still don't).
 When I first started registering domains, my focus was on businesses, and my mindset was different. In terms of quality, the domains I registered were not very valuable - I would be fortunate to sell them for any price.
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Лара

Around July 2020, I started with a budget of 10K and unfortunately wasted most of it on low-quality domain registrations and overpriced auctions. However, I had some unexpected sales in November and December 2021 that amounted to around 10K. At the time, I wasn't planning on investing any more money, so this was a welcome surprise. I reinvested the 10K I earned plus an additional 5K on fresh domain purchases in the following months, which helped pave the way for my current domaining business.

In total, my initial out-of-pocket investment was roughly 15K. To ensure that I was playing with profits, I withdrew 15K from my domaining business account and have an additional 20K in reserve that I plan to continue growing so that I can eventually acquire a high-value one-word .com domain. All of these funds were 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

To begin with, I was convinced that the domaining market cannot be dominated solely by aesthetics and convenience. New ideas in creativity and advertising are needed in order to stand out. Despite targeting advertising on social media platforms to assess the virality of my project, there were still few responses.

Additionally, I came to the realization that the act of creating something can often be more enjoyable than the final result itself. I had a great time developing domain names and writing descriptions for them, which were honest, heartfelt, and unique compared to what you may find elsewhere (I'm not saying this to boast).

Lastly, this is my first fully developed project that is functioning and ready to make an impact. As a result, it's a new test and experience that is sure to lead to something positive.
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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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