At what point do people stop calling my “part time” work a hobby. I absolutely know that Elliot meant no harm by saying that people that domain invest in the evenings and weekends are hobbyist but how much money does one have to make to make this another job or owned company? I admit, this comes a heavy second to my nursery business but it’s no small business in itself. I will show a mid six figure PROFIT in 2012 and fully expect to hit $XXX,XXX in 2013. Not sales, but profit. That’s one hell of a hobby. I now can make a living domain investing but why would I want to do that when I can do both? I get to reap the rewards of both with 0 financial pressure to perform in the domain business. A lack of pressure that allows me to make more money and share resources of the two companies. All I am selling is how much time a person puts in to something is not how it is judged. It’s the results. It’s how much money did you make. I don’t care if you do this every hour of the week unless you make bank. If you’re working full time at this and you make less than me at my “hobby” my advice is this. Get a job. And again, this is nothing against Elliot, his statement was not guided at me nor was he chastising anyone. Now on to the names and the daily quote.
“When a habit begins to cost money, it’s called a hobby” -Jewish Proverb
4vi.com This CCC.com is already at $500
VG5.com A short liquid dot com that usually go in the $400 range
OY3.com See above
U9b.com Yes, even these LNL.coms are hitting $300 plus
FinePearls.com 14 years old. I’ve given a few pearl necklaces although I wouldn’t consider myself an expert. Still think it’s worth $12. No bidders
NewYorkContractors.com No bidders. $12 for a 14 year directory site
FastestShipping.com Not fast but the fastest. Can’t get faster than that. No bidders
aSox.com I think Red Sox and White Sox but that would be trademark infringement wouldn’t it?
sgtroy.org A Real PR5 fashion domain. Great links if you run fashion sites
SGTroy.com A real PR7. It is going VERY cheap but I think everyone feels it won’t hold. If it did it would be worth $3K plus . A real gamble. I almost pulled the trigger
It’s a BIG Deal! 99¢* .COM from GoDaddy.com!
Rewired.com May have to be a little careful with Wired.com but a great domain. 17 years old
HSNC.com C for corporation. 16 year old LLLL.com
TheHermit.com Sounds like a nice story. 1 bidder
PetHotels.com I think this will for for $100 to $150……………….just kidding
PrimeColor.com Good memorable brand. 15 years old
TrumpetLesson.com No bidders. Good if you teach trumpet. I guess that was pretty obvious. 13 years old. Not as obvious
HAW.org Good acronym or pronounceable name
TDN.org Not too shabby either
UKHI.com Actually a first name. Or just a plain old acronym
Becky.tv No bids Good email or a domain for a girl named Becky that wants to do a little video work
HIF.net Health Insurance something .net
PS0.com Confusing on the zero but will still do well
DataPrivacy.com A HUGE issue going forward.
NameExchange.com Deleting name so you may want to put your bid in multiple places.
Fat.cc It’s a cc but getting some interest
Shane, congrats on making that much
what area gives the highest amount towards that profit if you don’t mind me asking?
I doubt it can be advertising on this site , or is it? affiliates etc,
I know it’s not parking, so is it domain sales.
If so, is this from enduser sales or a particular sales venue?
Thanks
Guy,
It’s certainly the sales that give the most profit. I would say that half of the income is from sales. I only have two advertisers, Escrow.com and 4.cn that I am proud to work with but it’s not that much per month. Wish I had more advertising but I’m not going to reach out to sell. I have an affiliate site that does very well and 5 or 6 plant sites that generate a thousand or two each as well. All the little pieces add up to a lot. The great thing is I have been reloading my portfolio with better names after each sale so I see this continuing for quite a while.
“I will show a mid six figure PROFIT in 2012 and fully expect to hit $XXX,XXX in 2013.”
Did you mean mid 5 figures profit in 2012?
Congrats.
Shane thanks for sharing your profit stats. Congrats! I get asked all the time why I dont quit my day job, and like you I always say ‘why not do both!’ If the nature of the business allows it, go for it, its called ‘hustling’ ….Multiple Streams of Income is the way to go. Be sure that you are taking full advantage of all the tax write-offs that us Domainers are entitled to. I am seriously thinking of incorporating my Domain business soon.
Shane: Thanks for sharing. It gives hope to the rest of us working to reach our individual financial goals. BTW: I reread Elliott’s post again. I agree that I seriously doubt he had you in mind as a ‘domain hobbyist.’ You made a good point about running two (or three) separate businesses, which I do. My goal is to make domaining biz #3.
Hopefully a large portion of your affiliate commissions are coming from Godaddy and not Namejet as they just terminated the program.
Scott,
I already knew it was coming. It was just a matter of time. I NEVER have all my eggs in one basket. I am a businessman and smart enough to keep several income sources. It will reduce it but I’ve already been working on filling it for a few weeks now. I will say I will have to start seeking advertisers though 🙂