So initially I planned for the third part of this series to be focused on my analysis of the results. Today I realized that this study really needs to be four or five parts to be complete.
Today I thought I would share one piece of data that I thought deserved a whole part dedicated just to it. Why is this part so important? Well most Domainers get started in this industry because they hear that it’s easy to make a lot of money. The results of my survey show a bit more of the reality when it comes to new Domainers.
Now before I go further I have to once again state what I stated in Part One. This is a small sample and really just an estimation. You can use this data as you like and if you think it’s meaningless feel free to disregard it entirely. I personally think there is value in surveying the people who visit my blog and will continue to conduct these surveys. It is up to you to come to your own conclusions and use this data to help you business.
With that being said, here are the survey results you’ve all been waiting for – yearly income.
As you can can see from the chart above, 34% of the survey respondents make less than $1000/year. While the survey size was small so this really can’t speak to the entire industry, it does tell us a lot about ourselves. Look, 61% of the people surveyed make under $10,000/year Domaining. Of this exact same group over 50% claimed to be selling in the 1K+ range. Remember, this is the same group of which a majority were buying in the sub-$100 range.
From just a quick look at the data I can tell you that there is definitely some disconnect between fantasy and reality. Now this is just one survey, and like I said it’s a small group (42 respondents total), but I think this data still has meaning given that the buying, selling, and income data came from the same people.
Feel free to share your analysis now. I am currently in Boston and when I’m home this weekend will get back on Excel so I can continue crunching data. Next week I’ll share my full analysis as well as release my next survey!