So many beginners get frustrated when their domains don't sell right away. (1.Viewing)

Some of the newer domainers or the ones who have given up might want to click on that tweet above and read the comments.

MapleDots said:

Some of the newer domainers or the ones who have given up might want to click on that tweet above and read the comments.

Click to expand...

But I can understand their feelings as to really make it in this biz in 2024 you absolutely require a) a lot of available money, b) a lot of patience and c) some level of business/financial acumen, experience or education.

Without these, you're absolutely screwed over the long-term and renewals will likely eat you alive. It's like any other business, you don't start making consistent money right out of the gate and it usually requires 3-5 years of hard work to turn a steady profit, but by 10 years you might be in great shape.

In order to make it that long, you will need infusions of cash to carry you over the inevitable revenue troughs, and in domain investing, those can be very deep. Plus, there's always the danger that you bought a pile of junk domains that will never sell and you stand to lose all that acquisition + renewal money.

But hey, if it was easy, everyone would do it.