Follow me

Domain Trading: Turning £150 into £4,500
April 5, 2014|Domaining

Domain Trading: Turning £150 into £4,500

Domain Trading: Turning £150 into £4,500

Back in August 2011 I read a post by internet entrepreneur Frank Paul who turned £100 into £10,000 by buying and selling domain names. It’s a fascinating post which you can read here and an updated version here.

At the time I had only just dipped my toes into the domaining world after selling my first domain (with Frank’s help and advice) and I was beginning to see the money making potential of investing in them.

In the Spring of 2012 I bought 5 domains from one buyer on AcornDomains which to this day I believe has been my best haul. I paid £30 for each of them, £150 in total and those domains were

  • ManchesterTaxi.co.uk
  • BeautyMakeovers.co.uk
  • FuneralCompany.co.uk
  • PrivateDentalSurgery.co.uk
  • VegasCasino.co.uk

I can’t remember my exact reasoning for buying them (I probably didn’t know what I was doing in all honesty), but I do distinctively remember thinking “how the fuck did I just pick up VegasCasino.co.uk for £30?” which I thought was the best of the bunch. I knew I had got a bargain.

I don’t think I realised this at the time, but most of the domains there describe a service, something I have since found has worked best (for me at least) in terms of end user sales.

ManchesterTaxi.co.uk would hopefully appeal to a taxi company in Manchester and I felt VegasCasino.co.uk would make a perfect brand name for a Casino site.

I think that BeautyMakeovers.co.uk, FuneralCompany.co.uk and PrivateDentalSurgery.co.uk had the best potential and I’ll explain why. Not only do they describe a service well, but they also have a good volume of potential buyers. There’s thousands of funeral companies, private dental surgeries and beauty and makeup artists in the UK. I felt if I attempted to contact each of them then surely at least one of them would be interested in buying.

Anyway, I’m waffling here are the sales figures so far.

ManchesterTaxi.co.uk – sold for £4,000 in summer 2013. I actually tried to build a lead generation business from this which you can read more about in this post here. I got the site ranking 2 in Google for ‘Manchester taxi’ before selling it to a taxi company in Manchester. In total I think I spent about 10-15 hours working on the site, ranking it and contacting taxi companies. I’d also never have got this price without Frank’s help, I think I was originally offered £2,000, Frank helped me get twice that.

FuneralCompany.co.uk – sold for £500 in March of this year. I attempted to contact 300 funeral director companies before agreeing on a sales price. In total I spent about 4 hours finding and emailing funeral sites with only one getting back to me, an extremely boring task but worth it in the end.

The rest so far remain unsold, I haven’t made any attempts as of yet to sell them, I used to think that the best way to sell them was to wait for companies to contact me about them, but it’s been 1 and a half years since I bought them and I’ve had no enquires – I could be waiting a very long time.

Buying and selling domains isn’t part of my core business, it’s just something I have an interest in and that I do on the side. It’s taken a lot of research, practice, learning and watching others for me to develop a better eye for ‘what makes a good domain’, and I’m still learning all the time.

I’m hoping that when I do get around to actively selling those other domains (must stop procrastinating) that I’ll soon have my very own ‘turning £xxx into £xx,xxx with domain’ posts. Only time will tell.

no coments
Returning To Work
March 31, 2014|Uncategorized

Returning To Work

thia0003316

When I tell people what I do for a living and explain that I work from home running my own business, I’m often met with comments along the lines of “that sounds amazing, I’d love to do that, you can do what you want when you want”. That’s all true, and the amount of freedom I have is great.

I quit my job because I felt like I was trapped in an office 9 to 5 Monday to Friday, I felt like I was working hard to make someone else more money. Most people do this every day, week in week out without evening questioning it. It’s what’s expected of you, it’s the norm, you’re expected to be in employment and I felt we’ve been brainwashed into believing that this is the ‘right’ way to live since a young age.

I figured there’s got to be a better way to live than this, I can work for myself, make my own money work on my terms, and since I can work remotely, I can work wherever I wanted. I’ve seen others that have been successful living this way, and I wanted it too.

It all sounds fucking great doesn’t it? – and for a while it really was.

The problem is it’s a very lonely existence.

I’ve come to realise that no matter where I decide to work, where I decide to live or even how much money I earn I am still going to be working somewhere by myself, lonely and isolated.

I feel like I’ve traded the office environment only to be confined to the 4 walls of my own house. I’m living each day with little or no social interaction, and it’s shit. I’ve tried working from the pub, the library, coffee shops (you name somewhere with a Wi-Fi connection and I’ve more than likely worked there). I try to fill my evenings playing football and weekends socialising, but it doesn’t compensate for working in isolation during the days of the week.

I’d consider myself quite a social person and I wondered whether it was just me that felt like this, but after speaking to others who do the same I’ve realised that I’m not alone, it comes with the territory.

The difference between me and everyone else that works from home is this, it seems others are a little bit older, living in a city, married (often with kids) and they have group of friends living in the area.

I’m living in a small sleepy town in Surrey, most of my friends have now moved away. I don’t have any kids to look after at home etc. Although I’ve been working to build up my own income and looking at things for the long term I realised the other week that I’m no longer happy doing what I do, and things need to change.

Come the turn of this year things were finally starting to work out for me, and I felt for sure more than ever that I wouldn’t return back to a job, but I’ve decided to reconsider.

I’ve considered a number of options including getting a part-time job at a bar, going travelling, getting a shared office space, but I think what I want right now is a return to normality, a return to London and a full time job. I’d still work on my own sites on the side, I don’t think that will ever change, but I would certainly reduce the amount of sites I actively work on. The way I see it is that I’d have 2 incomes coming in.

I’m heading away to Eastern Europe next month, but upon my return I’ve decided that I’m going to begin my job search. I’m not sure exactly what I’m looking for yet, but I’d certainly like to remain in the digital space.

I don’t regret my decision to quit my job, for a while it was amazing and I enjoyed it, I also believe I’ve learnt things that you can only learn by working for yourself. But now I can’t help but feel I’m wasting my life a little, perhaps I tried to do it all of this too prematurely?

Either way I’m excited at the prospect of looking for a new challenge, moving back into London and watching people’s reaction to Wank Sock when they read my CV.

Update: Since writing this post Finch from FinchSells.com has summed up perfectly how working from home can become hell. Certainly worth a read.

12 coments
From Wanker To Wankerpreneur
December 21, 2013|General

From Wanker To Wankerpreneur

If you know me then chances are you saw that I launched my first ecommerce site last month in WankSock.com. We all know a wanker (if you don’t then you’re probably a wanker yourself) and I sought to capitalise on this by creating a novelty sock for the wanker in your life.

Some people know from a young age what they want to do with their life, whether that’s to become a policeman or nurse or doctor etc. I didn’t know I wanted to be a Wankerpreneur until the summer of this year, before then I was just a plain wanker.

Despite what many filthy minded people think, I came up with the idea after asking my followers on twitter what they thought of guys wearing white socks. The tweet was prompted after Frank Paul took the piss out of me after seeing a pic of me with white socks.

My friend Tony replied with this tweet.

I laughed for a bit and then I had a trigger moment, what if you could actually buy a Wank Sock? I thought for sure that it had probably already been done, but after some quick research it appeared it hadn’t. The next day I registered the domain WankSock.com.

It wasn’t until the end of September when I started to think more about the idea. I’d always wanted to start my own ecommerce site, I was also getting bored with some of the things I was working on, and wanted to do something fun. So this seemed to fit the bill well, and I thought that maybe, just maybe I might be able to sell a few too.

The design and development of the site, product and packaging started in October and I launched the website on 14th November. I made my first sale within a few hours , and started to promote it via social media.

After about 5 days I was shitting it. I’d only made a handful of sales after generating thousands of visits. Part of me started to think that this wasn’t such a good idea after all. I’d spent literally thousands of pounds on this and at this rate I wasn’t even going to break even, but I carried on.

Thankfully sales did pick up, I sold out of the initial amount I ordered (which wasn’t a modest amount), and had to get more in, some days it wasn’t too dissimilar to this scene in Middle Men. My aim was to get the site going viral and although I didn’t achieve that, I did create a bit of a buzz on social media. I went out of my way to spread the news as much as I could. I even got papped on the train by some random girls that thought the whole thing was hilarious.

“A drunk man on the train was telling us about his wank sock business, pls buy one”- Link to tweet here.


Now that all the Christmas sales have come and gone I’m only just beginning to realise how well I’ve done here. To create a website that has literally had people in tears of laughter and a product that I know lots of people will be unwrapping on Christmas day is a great feeling. To have my largest investment to date turn around a profit in just 5 weeks is a feeling of relief and delight.

I’ve never laughed so much and had so much fun with something I’ve worked on before, and even if I had only broke even I’d do it all again as I’ve learnt so much.

I’d like to thank all my friends that shared it on facebook or twitter, and to those that bought some. I’d also like to say a big thanks to Frank, Kirstin, Josh & Trudy for encouraging me to run along with the idea. I may not have gone through with it if it wasn’t for you. I’d also like to thank my mum for letting me turn the house into a Wank Sock factory.

What’s Next?

Getting It Into Retail
I think it could work well on the likes of IWOOT, Firebox & Menkind etc. My two routes for this are to either license out the product and take a royalty on each sale, or act as a wholesaler. At this moment in time I’m looking at the latter option, and would outsource the packaging of the product so I can work on my other projects and focus elsewhere.

Acquiring Intellectual Property Rights
Ideally I need to get some kind of IP rights on this, it’s not something I know much about (despite doing a module in it at uni), so if anyone is clued up on this then I’d love to hear from you.

Setting Up An Affiliate Program
I contacted a couple of affiliate networks before launch to see if I could get an affiliate program going but I ran into difficulty due to the adult nature of the product/domain name. I’m hoping now that I have proof of sales that this might improve my chances. If you can help with this let me know.

Getting Press Coverage
I spent a lot of money on PR and got no coverage, that’s all part and parcel of the game and I knew the risks when I did it. It felt it was something I would regret if I didn’t do. I’ll be trying again though, I’ve got an idea for an angle and I am pretty confident that it will work.

Other Products/ Ecommerce Sites
I’ve got one plan to set up another small ecommerce site, but it’s nowhere near as interesting. It’s also highly seasonal, and i’ll only be running it for about 4 weeks. It’s not something I can see myself doing more of in the future, I quite like the flexibility of being able to work wherever I want remotely and you lose this when you have to make a trip to the post office every day.

I don’t intend to think up ideas to create other products, I think when you sit down and try to think of ideas they are never as good as when you let the ideas come to you.

Selling The Business
I’ve had people enquire about this, and I wouldn’t say no to selling it if the price was right. I think from a learning perspective it would be more beneficial for me to carry on with it. If you would like to make me an offer, then let me know.

one coment
3 / 24
1 2 3 4 5 6 7 8
About Me

I’m Mark, but you can call me Rofe. I'm an internet marketing guy based in London Dubai.

I believe the internet is full of money making opportunities, and I seek to take advantage of them where I can.

If there’s a way to make money online I’ve probably tried and failed at it, and then attempted it again with some degree of success.

I’ve tried my hand at affiliate marketing, lead gen, ecommerce, trading domain names, adsense, and I’ve even created a novelty gift.

Here I share my journey making money online, my outlook on life, and whatever other stuff I feel like. Thanks for dropping by.