Domain Survey Results: Part 3 – How Much Money Domainers Are Making

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.

domainer_incomeAs 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!

{ 9 comments… add one }

  • steve December 9, 2010, 11:10 am

    It is called work your butt off.
    The second part is do you have the skills required.
    95% I meet don’t.

    Reply
  • Victor December 9, 2010, 4:40 pm

    Would you be interested in any of these domains:

    RoomKey.net

    VarietyAuction.com

    ChipDenomination.com

    SilentAuction.us

    EstateAuctions.us

    YardCutting.com

    DormVacancy.com

    Reply
  • William December 10, 2010, 3:00 am

    It takes money to make money. Most domainers are trying to squeeze blood out of a rock hand regging stuff and hoping to flip it.

    I’m relatively new to domaining and according to your pie chart I’m in the top 27% in earnings. Why? Because I have invested a lot of money in revenue producing domains and strong generics that get frequent offers. Had I come in with $100 hoping to turn water into wine I’d be making less than $100 a month too…

    Reply
  • Robert Paul McLean December 10, 2010, 5:53 am

    All domains begin with that first, simple “hand reg.” The gold rush is over. Unfortuately for the newcomer and “site developmentally challanged” and the poor, the fat are now getting fatter. Hackers and geeks and crooks and cheats and registrars posing as auction sites and auction sites as registrars and crooks.

    oh, and sunshinewalking.com

    Reply
  • Just hard work December 10, 2010, 8:19 am

    I didn’t start full time in this industry until really only 2 years ago.

    I work my ass off day in and day out, sometimes 18 hours a day.

    In the first year I think I made around $50k. But for the year ending this month I (my company) will do nearly $1 million in profit (nearly $9 million in revenues).

    There is endless opportunity in this business – but you have to be smart and you have to work your butt off. This is no business for people looking for a quick and easy buck.

    Reply
  • Domain Animal December 10, 2010, 9:53 am

    Morgan, interesting. at the end of the post i would suggest also link back to Parts 1 and 2, as some readers (myself included) might have missed those.

    i love crunching numbers as well. this post is actually really pertinent to a similar theme i covered recently, where i created a cheat sheet to show the amount of average domain sales over time needed to obtain a desired annual income. check it out if you have a moment. would really love for your feedback

    http://www.domainanimal.com/before-you-quit-your-day-job/

    cheers

    Reply
  • James December 10, 2010, 10:21 am

    Totally agree with William. Acro over at DNForum told me a while ago ‘it takes gold to make gold.’

    That’s the best advice a newbie can get. Invest good money in great names (bought for a good price) and you’ll get a nice return.

    PS, I’m in the $5-10k bracket.

    Reply
  • theo December 10, 2010, 1:49 pm

    this doesn’t add up.

    42 people does not represent a real survey.
    btw good blog 🙂

    Reply
  • Steve December 10, 2010, 5:08 pm

    Morgan, Love your posts but I believe we need more people to take the survey. I tend to make more % back with lower cost domains under a hundred and flipping for a few hundred, then spending thousands on a name. I guess once I start moving domains at $5K+ each weekly my techniques may change a bit. Keep up the great content.

    Reply

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