August Might Be Bad, But It Could Be Worse | DomainInvesting.com

August Might Be Bad, But It Could Be Worse

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August has been a fairly bad month in terms of domain sales for me, as I mentioned before. Thankfully the rest of the year has been (somewhat surprisingly) very good. Maybe it’s the summer doldrums, the economic slowdown, or perhaps I am investing more cautiously, which generally yields lower results.

I really shouldn’t be complaining though. I read that a whopping 309 people recently applied for a Library Assistant position in Tacoma, Washington, an hourly job that pays a wage of between $15.81 to $19.23. This one position had over 300 applicants, and the post had to be taken down a week or two earlier than normal.

Each time I’ve thought about this month’s sales figures, I’ve seen articles like the one I mentioned where people are desperate for work. Domain investing may not be easy any more, it has significant risks, and it’s not always exciting. However, investing in domain names can provide a very good steady income and opens the door to other opportunities.

If it wasn’t for these economic conditions, I probably wouldn’t have built many of my website, which are poised to become independently operated businesses and revenue streams.

This month might be a bad one in terms of domain investments and sales for me, but it certainly could be much worse.  Last year over 1,600 people applied for one meter reading job in Tacoma.


About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has sold seven figures worth of domain names in the last five years. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest.


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Comments (7)

    Leonard Britt

    Yes, the true unemployment rate is much higher than the official number. And those who are employed are faced with the fear of job cuts, salary freezes, strained departmental resources, etc.

    Hoping the rest of 2010 repeats the trend of 2008 & 2009…

    August 25th, 2010 at 8:37 pm

    Deke

    July was slow for me after a raging winter and spring of sales.

    August has been good the first half for me, but just stopped on a dime the last week or so.

    That’s how it is though…..unless you proactively look for sales. :)

    August 25th, 2010 at 8:40 pm

    AB

    So what’s a slow month by your standards, in terms of average # of sales. (obviously not looking for dollar figures here, just # of sales)

    August 25th, 2010 at 10:08 pm

      Elliot

      @ AB

      It really varies. Some good months I have 10+ sales and some great months I have less than 5… Quality > Quantity.

      August 25th, 2010 at 10:23 pm

    Josh

    I told my wife this week that I wished things were better this month, been slow for me too. She said don’t complain, others have it worse etc. Basically I told her to stop, I do not make myself feel ok when I fall short by saying : oh look at how someone else is doing ” . That other guy isn’t me, I refuse to judge myself with a bar used by less than successful people. A bad month is a bad month, it’s my fault, period.

    August 25th, 2010 at 11:04 pm

    Ellen

    I appreciate how you are looking at the bright side of a slow month by comparing yourself to those less fortunate.

    Last week, I was considering buying an ipad.

    Then, I met you at DomainFest, and I decided that that $600 would be better spent investing in 60 domain names. I intend to hand register hot CityService.com’s. If I can sell 20% of my names for $400 each, that is 400 x 12 = $4,800, a profit of $4,200.

    If I can do that every month, that will be a nice jump in my income. If it takes me 6 months to earn $4,200 profit in domaining, well, then my time might be better spent in what I know- affiliate marketing and info product selling. I’ll blog about my experiences on this brand new blog: TurningDomainsIntoDollars.com.

    Thanks for the inspiration, Elliot :)

    August 26th, 2010 at 12:45 am

    MarkP

    Remember to vote for pro business, pro growth candidates in November. Elections have consequences. Great column by Jim Cramer today:
    http://www.thestreet.com/story/10837898/1/cramer-bad-data-has-silver-lining.html

    August 26th, 2010 at 10:50 am

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