If you recall, many months ago I posted a Domain into Dollars Review on this website, which I believe is an excellent method of finding names that have good “type in” or “direct navigation” traffic.

I thought it was well and truly time to post you an update, as I have been applying the principles on and off since then.

I hope to answer the question, as to whether the concepts Phil Craig taught then are still relevant today.

“On and Off” means I have been busy doing lots of other things, and it has been very much a part time job, and additionally I have focused on a buy and hold plan (monetizing the domains for monthly income), instead of buying and selling domains.

I’m happy to report that the principles are still working.

I tallied up my parked domains this morning, and I have 70 (yes 70!) domains parked generating an average of $5.25 each per month.

In other words I am averaging about $370 per month in income on those domains in total.

Not exactly a fortune, but then, not chicken feed either.

A domain is costing me around $8.00 to register (with discount coupon) for a years registration.  On average I am generating around $63 back on that original $8 invest, or a Return on Investment of $55 or nearly 8 times the profit!

Yes I am making nearly 8 times my money back on average per domain per year.  That is pretty incredible to me.

If I had really pushed it and had 700 domains instead of 70, I’d be $3700 per month in profit (and likely more than that because I’d be bound to hit a few home runs with some of the domains).

I do wonder why I had no been checking my figures more often during the time.

Now I am using averages  here, because not all domains are making money.

In fact I have 6 domains that I am calling “duds”.  There income ranges from nothing to $0.50c per month, two of the domains have not had a visitor in 2 months.  But the other domains are reasonably consistent.

Since I believe I have approached the buying of domain names diligently according to Phil Craig’s formula, I’d have to say the monetization has worked a treat.  6 “duds” out of 70 is a pretty good return.   I guess you’re not ever going to get a 100% strike rate.

But the other thing I’ve finally got around to doing in the past two months is actually selling some of my domains.

Here is where it really get’s interesting.

Are you ready for this?

I’ve sold 4 domains, pretty well without any effort in the past 2 months, and made a staggering $2165 profit!

On FOUR domains, now let’s look at the figures again.

$8 investment, sold for $540 (each roughly) or a profit of $532 or sixty seven (67) times my original cost back.

This is just mind numbing for me to realise, and I am now actively placing more of my domains for sale.

Maybe I got lucky with the sales of these domains, but are you beginning to see the concept here?  There is high profits here and I have told myself I simply have to find the time to get into this game properly and make more money.

I’ll be posting about Phil’s new product Quick Cash Domaining soon, which I have been lucky enough to have had early access to, be sure to check out the article on my blog here when I post that.   This product is an extension of the original Domains into Dollars product with an important twist.  More on that soon…

I really do think that Phil’s package is a hidden gem, it really does work, and I am proof of it.

So if you’re looking to make some money online, Phil’s Domains into Dollars may be just the ticket.

Whatever you do, at least check it out for yourself.

I did notice that Phil now has an opt-in (enter your email address) before you can access the course.  Do not be too worried about this, just enter your email address when you get to his site and then check out the product for yourself.

While I dislike forced email opt-in’s like this, Phil does not try and promote endless products to you (or even email that often) and you can unsubscribe at any time (I should know I’ve been on his list since I bought Domains into Dollars last year).

Gee I sound like a salesman for his products don’t I?   lol

Phil’s website is at http://www.domains-into-dollars.com

That’s all for now!

Cheers

Tim Buchalka