Hello and welcome to Domaining MBA Monday! Today I’m going to talk about a topic that has bitten me in the proverbial behind several times before and I can tell you, it’s not fun. What I’m talking about is keeping track of where your domains are listed for sale and removing domains that have sold from other platforms. Not only can this cause you to screw over another Domainer or end-user who wants to buy a domain from you, but you can also hurt your reputation or your account status with a particular platform.
Once again this comes down to a topic that I discuss quite a bit on my blog, keeping your domain portfolio organized. You should have a master spreadsheet where you can track all of your domains and in this spreadsheet if you do list names for sale on multiple platforms, you should add columns with this information as well.
Every time you sell a domain name, go into this spreadsheet and rather than removing the names, add a column for “Sold” and indicate that the domain was sold and how much it sold for. If you want to get really detailed you can even add a “Date Sold” section as well. Now go to every service where you have the domains listed for sale and remove them from the service, then update this in your spreadsheet.
Sounds like a lot of work? It can be if you are doing this on a regular basis. I no longer manage this myself and I do recommend that if you are selling domains in any volume that you have someone else do this for you. While you could pay someone $8/hour or less to do this through oDesk, I would be incredibly careful here since this involves giving people access to your login and password information for your accounts. Pick someone that you trust and pay them a decent wage, I currently pay $15/hour to the person who manages this for me and the total cost rarely exceeds $100/month which is well worth it.
The trick is to get organized now. Not only could you accidentally sell a domain name twice but you could anger the person that you sold the domain to if they find out you still have the name listed for sale. Sure, it could be an honest mistake, but if you want to do business with this person again you’d probably want to show them that you’re organized and going to be a reliable person to buy domains from.
And there you have it, another Domaining MBA Monday under your belt. As always feel free to share your own experiences below or ask any questions about this week’s post.