Last night I sold xoda.com, a four letter domain name purchased a few months back for $815. I sold it for $640 which is a $175 loss, but guess what, I’m happy to take the loss. Not happy to lose money but happy to to gain that budget for future investing.
Here are a few examples of what I can do with $640.
182 cups of Starbucks coffee, meetings to network with local domainers
12 125×125 banners on pretty much any website I choose (branding)
Really the possibilities are endless, I could even buy a couple hundred t shirts or mugs and give them out to you guys, again for branding which is extremely important.
What the extra cash gives me is options and flexibility. I get dozens of emails every month asking me to purchase domain names, some of those people are desperate and need to sell. I hate to say it but in hard economic times a domainer or any business for that matter needs to learn when to take advantage. I wouldn’t even say take advantage of the seller, they are happy to get the cash. What I mean is take advantage of the times and lower pricing. Now is the time to buy the premium domain names.
Besides the blanket statement of buy now I want to say buy smart. Find a niche and buy domain names in that arena. I own hundreds of real estate related domain names, my prior businesses were in that field. I still have thousands of contacts and influence in real estate. My example may be a little extreme, I am fortunate to have built up a real estate contact list. For the majority of you start off with your hobbies and interests. More than likely you will know more people with the same interests. If your a gamer buy gamer domain names. Maybe your buddy wants to start a gaming forum or a games fan site, who will he reach out to when the time comes to buy a domain name. I don’t want to get off topic on how to sell domains but hopefully you get the point.
Back to my loss on xoda.com, I bought into a niche that I didn’t understand and had no end buyer contacts. Do I regret buying a couple hundred four letter domain names, never, it is all part of my domaining education. Will I buy more four letter domains, maybe, but they have to have obvious development potential or at a price I couldn’t pass up. In fact now is the time take to take advantage of me, not because I need the money but because the domains listed are not in my niche. If you are interested check out DomainSubway.com and make some offers. Remember I said take advantage, not abuse or beat me up, those offers will be ignored.
NetRegistry Joints NetFleet in Australian Domain Sales Industry
Sydney, December 29th, 2008 – Netregistry, Australia’s leading domain name provider, has partnered with Netfleet to deliver a cutting edge domain aftermarket website for the .au domain market. This initiative has the potential to create a vibrant and profitable market, trading domains for their actual worth – sometimes hundreds or thousands of dollars.
“We see significant growth in this area”, says Larry Bloch, CEO of Netregistry.
“Currently our efforts are focused on education as much as anything – most people do not even realise that domain names are now tradable assets so it’s a question of creating the industry as well as satisfying the demand.” Continue reading…
Sorry I was not able to post the contest winner last night. A couple things held me back, besides the full day of Christmas shopping you guys didn’t make it easy to pick a winner. There were 300+ domain names submitted for the free mini-site. Besides that I wanted to name the winner via video blog, my first video blog ever. I’m sure I made some mistakes, I have never been in front of a video camera, hopefully you will enjoy and maybe get a laugh or two out of it.
Want to know who won? Well, you have to watch the video.
Let me know what you think, leave a comment after watching the video. Sorry if it is a little long, like I said, I have never done this before.
On-site SEO, adsense, rss and analytics integration
SEO link building package
Don’t forget, leave a comment after you have watched the video. I am very curious to read what everyone has to say.
I am taking the day off tomorrow, it is Christmas. I will post again on Friday about the video and give more details about the SECOND CONTEST. Yes I said second contest, make sure to come back Friday.
As reported on many of the domainer sites Google is now allowing domain owners to directly park with them. Use this link to view the details directly from Google’s blog.
I will be the first to go on record and say that this time next year parking companies will be obsolete. Does this mean run and move all of your domain names to Google, absolutely not. Just like anything new it has to be tested and tweaked several times before its right. As of now you will still gain more traffic and money by parking companies. With a parking company you have more control over the keywords used, optimization, visual appearance and content.
This will change, Google will have these things worked out and perfected, it will just take time.
In the mean time, while they are working out the details, get your domains parked. I know too many domainers that do nothing with their domains. Once they are acquired they sit, why not park them in the mean time and earn a couple dollars? I have accounts with Sedo and Parked, each have their own benefits. If selling your domain name through Sedo or GreatDomains is your goal then park with Sedo. By parking your domain with them you avoid the $50 minimum sales charge. If your looking for greater flexibility and higher payouts, Parked is the way to go.
This was the first auction I have attended at DNF. After talking to the guys on the forum they haven’t had one since September, not sure why though.
Overall I would say the auction went well, started with about 40 participants and worked its way down to about 20. The highlight of the night was the sale of STIE.com for $2,000.
Here are some of the other domains sold:
BOTB.com $420
AromaTherapySpray.com with AEIOU mini-site $250
NameChange.net $85
WIQS.com $40
BHHP.com $250
ForeclosureLoans.biz $30 (bought by me)
The .biz purchase is my first one, should make a great mini-site. Great keyword domain with high paying ppc.
Before I let you go, sign up for my newsletter. I am going to keep saying it, sign up. There are some gems that are being deleted and I am giving you the list for FREE. Once a week I send out a newsletter with deleting domain names. Don’t miss out!!!
