No it isn't.
I've been in the domain industry for 15 years.
You're saying an entire industry can be explained in a small sentence?
"SEO? Oh, build backlinks"
"Be Successful? Oh, Make money"
"Develop a Website? Oh, wordpress"
I have over $750,000 in domain sales and even more brokering domains.
That's not in the least bit it.
Nice try though.
"In order to be profitable you have to be able to buy domains in bulk. Spent $1k-$2k on buying solid amount on re-seller websites"
Also VERY incorrect.
You may make your pennies and nickles.
But stating that you are doing what you just mentioned above...
I can tell you,
That is "not it" lol
Sorry