Domain Magnate

How do I make money domaining?

Well by most part it comes to:

1. know the market well
2. buy low
3. sell high

Domaining is a strange market. There are the end user prices and the market/reseller prices for any domain - both can vary a lot and there is a lot of money to be made on these differences.

However the risks are high, so you have to know the market very well. Being able to appraise a domain as close as possible for any specific marketplace is among the most valuable skills for a domainer. read more »

Justin Godfrey, known as Rockefeller on dnf, recently posted about his sale of 92 LLL.com’s for $598K:

I just finished up a deal where I sold 92 LLL .coms for just about 600k, probably could’ve got more since it was only 6.5k each, but it’s nice to see people are spending freely again!

I suppose the LLL.com’s were of lower quality so this sounds like a good deal. It’s indeed good to see that there is healthy demand for the names in such quantities. The buyers are out there and ready to invest and spend money on quality domains! It’s the lower quality domains that are “in recession”, good generics and 2-3 letter .com’s are always in demand.

Myself I don’t own any LLL.com and never have. I always thought they were overpriced and not a good investment. They can’t be developed, they are too expensive for most end users and during the last half a year it’s unclear if the prices are going up or rather dropped.

So I’d much rather buy geo or generic domains.