In a shocking reversal of a trend that lasted for at least the past two years, more domainers than ever are returning to their previous 9 to 5 day jobs.
Citing a case of a “bad economy”, an astonishing 43% of people delving in domains on a daily basis have dropped domaining in the past 18 months, only to seek full-time employment or pursuit different ventures.
“I could not take it anymore”, says Bobby McGrabbin from Wichita, KS. “I used to spend so much time online, wasting my day away looking for useless domains to buy and sell that I had no real time to myself. Domaining? That’s for the noobs!”
Meanwhile, with the stock market yo-yoing less than the recent PPC revenue from domain parking providers such as Parked and Sedo, many domainers are switching to stock investments and the FOREX.
“One day I was making $80-$100 in PPC and the next day I was down to $10. I was like, dude, WTF, I might as well invest in the stock market. So I did. My earnings are now 50 times as much”, says Marsha Pruder from Ontario, Canada.
The overall state of bad economy is also leading several former domainers into very extreme professions, such as prostitution, pimping or fluffing for the adult industry. It is not yet certain how this would affect attendance at domain conferences.
I wihs I had a job 🙁 So I stick to domaining…
The ones that left their day jobs in the hopes that domaining would bring them riches are niave. Too many domainers price their sites at a range that people can’t afford. Heck, I have seen so many domains listed at $100k and I don’t even know what the word means.
I’m developing a domain investing business where I register domain names, every domain will be priced at $300 or less (no matter the name), and each of these domains will be registerd to develop a business. I will allow people to purchase the site, be the boss and I partner with them to make the business. I will be providing a business plan with each domain.
Pushing one domain from one person to another by just pushing money back and forth is what I call “fake wealth.” The ones who do this are not creating anything of value. I mean NOTHING of value. All they are doing is putting money to a name without anything else to offer. That is like purchasing an English word in a book and selling it for $50k. lol.
Seiously, though. I am here to make changes in the domain investing field. I hate it, and I mean I HATE it when I see a website as a parked page. Why people make parked pages is beyond me. Even the ones that claim they make $1 million a year with parked pages. If you call that doing a good thing for society, you might as well go and clean a toilet for a living since cleaning the toilet has better value for society.
Some strong but healthy views, Whoknows 😀 Thank you for sharing.
Yep, strong and healthy is for sure. I’ve been thinking of making a simple one post blog about reality checks in domain investing. But instead I will show leadership by the businesses I create.
In the business world, the best businesses price their products/services at a price that sells. How many computers would Microsoft sell if every computer was priced at $5,000 or more? How many homes would people to able to afford if the cheapest house you could buy for a small 16×16 (just as an example) house for $300k in some very rural community in Northern Wisconsin?
Sure there are some domain names that are worth a lot of money, but what use is it to spend over a million for a word if nobody brands the name and makes a business out of it?
I believe that not all domains are worthy of becoming web sites with content in the traditional sense. The scheme of parking domains for ad revenue started when it became apparent that domains with natural type-in, typo or pre-existing traffic are easy to monetize. This, was abused by people that attempt to build traffic on semi-parked domains – the much dreaded “minisites”.
whoknows, It’s nice you want to do something different for the domain industry. There is nothing wrong with creating a niche and fulling need. But don’t knock those who “get it”, employ it and won’t apologize for doing so.