Domain Trading?

[probyn]

Some members here are quite bright and have extensive business experience. I was wondering if someone here could comment on the business of buying and selling domain names. Is it a good business to get involved in? Or has most of the good domain names been purchased? What has your experience been like in this field? There are a few online courses teaching the craft but it might be alot of hype.

 

[geeky]

I don't have a lot of experience with it, but my understanding is that this was really only hugely profitable years ago. Today, to make money at it, you need to build a pretty huge portfolio of domains and make money off of volume.

 

[wazup]

A whole bunch of new extentions are coming out this year and next. Hobby for most people, few make a living, plus you have to renew them every year if they don't sell. I tried buying a few with the new extensions but they're hard to sell as there are millions of domain names for sale.

I wouldn't consider it a business at all.

There are people on godaddy auction site that will buy a domain like kfdj.com and try to sell them and they will bid against themselves to stay on the first page. They will buy a domain name with random letters and try to sell them, we're about a decade late to the party.

 

[probyn]

I just checked some magazine articles on the internet and it appears to be a difficult way to make a living nowadays. The Gold Rush appears to be over.

 

[kkelso]

I just checked some magazine articles on the internet and it appears to be a difficult way to make a living nowadays. The Gold Rush appears to be over.

This ^^^

I made a bit back in the day, but now it really is a portfolio business.

KK