This might end up being my shortest blog post of the year, at the same time it emphasizes one of the biggest lessons I’ve learned buying and selling domain names for the last ten years. And yes, the title really does say it all…
“Don’t be afraid to drop some of your domain names”
Now that being said let’s be clear. I’m not saying to drop your best names, what I am saying is to drop the garbage, the domain that you know deep down inside probably has no interested buyers. You know that name, the one you registered at 3AM for an “idea” you had for a new business that someday you might start. Take a loss, kick it to the curb, and say goodbye to some of the domain names you “invested in” that are more than likely going to cost you a renewal fee every year for the next 5-10 years until you finally actually decide to drop it. Here’s
That being said, don’t just drop a name. Think of how much you would spent renewing it for the next few years and take that money and buy a new name, replace it in your portfolio but with a better name. It sounds simple but I’m still amazed by how many Domainers will spend thousands of dollars a year renewing garbage when they could take that money and put it towards better names.
Just think to yourself right now – how many domains in your portfolio have been collecting dust for years? What if you just dropped them, or listed them at No Reserve somewhere and then put the money you saved into better domains. My guess is that for most people out there you would have a better portfolio in the end.
What do you think? Comment and let your voice be heard!