Earn on domain names

Started by DenPavlov, Sep 27, 2022, 02:42 AM

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DenPavlovTopic starter

Greetings to all participants of the forum! I have a continuous fascination with the possibility of generating income through domain names. Perhaps this topic has been discussed previously, but I'm still curious about anyone's sales from the past year. In terms of my personal experience, I have not made many sales as of yet, particularly with expensive domain names. Unfortunately, last year's record showed little progress as my sales came to a standstill.

I would greatly appreciate it if anyone could comment and share their insights on this matter.
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infibeam

The conclusion of the year was quite fruitful for me. I managed to sell two domains: ".pro" for $4000 and ".com" for $5550 respectively. These sales proved to be enough for me to finally surpass my profit margin since 2008. Although I receive many requests for domains ranging from $100-200, I tend to steer clear of these offers. This is particularly true after the sale of ".pro", as I'm confident now that ".pro" domains are not sold for less than $1k.

This passive income has been a satisfying addition to my main source of income. Once I had roughly 1000 domains, however, my daily browsing of DNray over the years gave me an education that has greatly contributed to my success. Now I only hold onto the best domains, meaning I tend to drop others that aren't up to my standards. Sometimes, I discover that the domains I let go of are being used by others, which indicates that I'm on the right track.

My focus lies solely in the following areas: ".рго", ".com", and ".com." Though I still maintain around 5-6 experimental domain names for various projects. While I want to replicate the level of sales I achieved in the past year monthly, I'll still be content if it happens only once a year. Best of luck to everyone!
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flop

In the past year, the domain name market has seen varying levels of activity and sales. Factors such as the quality of domain names, industry trends, and economic conditions can significantly impact sales. Expensive domain names, in particular, generally require targeted marketing efforts and strategic negotiations to find the right buyer.

To improve your sales, consider diversifying your marketing efforts, utilizing platforms that cater to domain name buyers, and networking within the industry. Additionally, staying informed about market trends and valuations can help you make informed decisions about your domain name portfolio.

Lastly, it's important to have realistic expectations, as domain name sales can sometimes take time and persistence. Keep learning from others in the field and adapt your strategies based on industry insights.

Here are some additional insights on generating income through domain names:

1. Market Research: Understand current market trends, popular keywords, and industry-specific domain name preferences. This knowledge can guide your acquisition and selling strategies.

2. Quality Over Quantity: Focus on acquiring high-quality domain names with commercial value. Premium, brandable, and keyword-rich domain names often have better sales potential.

3. Networking: Engage with domain name investors, attend industry events, and participate in online forums to expand your network and learn from others' experiences.

4. Negotiation Skills: Developing strong negotiation skills is essential for achieving successful sales, especially for expensive domain names. Understanding the needs and motivations of potential buyers can enhance your negotiation approach.

5. Portfolio Management: Regularly review your domain name portfolio. Consider dropping underperforming names and investing in promising opportunities to optimize your portfolio's value.

6. Legal and Ethical Considerations: Stay informed about domain name regulations, trademark issues, and ethical practices within the industry. Complying with legal norms and ethical standards is crucial for long-term success.

7. Domain Name Valuation: Educate yourself on domain name valuation methodologies such as comparable sales analysis, keyword relevance, and brand potential. Accurately pricing your domain names can attract potential buyers and expedite the sales process.

8. Content Development: Consider developing simple websites or landing pages for your domain names. A well-presented website can enhance the perceived value of the domain and attract interested parties.

9. Market Timing: Be aware of cyclical market dynamics and seasonal trends in domain name sales. Timing your sales efforts to coincide with peak buying seasons or industry-specific events can increase your chances of success.

10. Analytics and Tracking: Utilize tracking tools to monitor traffic, inquiries, and market fluctuations related to your domain names. Data-driven insights can inform your selling strategies and help you identify potential buyers.

11. Diversification: Consider diversifying your domain portfolio across different industries or niche markets. This approach can mitigate risk and expose you to a wider range of potential buyers.

12. Investment Mentality: Approach domain name investing with a long-term perspective. Building a sustainable and profitable domain portfolio often requires patience, ongoing learning, and adaptability to market shifts.

Each domain name sale is a learning opportunity, and experience will be your greatest teacher in this field. Continuously seek knowledge, stay adaptable, and refine your approach based on industry best practices.
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