Is your Domain Portfolio Junk? 2011 Guide to Dropping your Domains – Part 3

dropping_domains

Phew – this series has been exhilarating and exhausting! This is by far the most commented series I’ve ever had on my blog and I think it comes from the fact that all of us use different metrics for buying, selling, and dropping domains. Remember there is no right or wrong answer here, I can only tell you what’s worked for me. Since this is MorganLinton.com you can always expect to hear my side of the story 🙂

Okay, now onto Part Three. This one you might have not predicted and I didn’t either but sometimes things just work-out like magic! Rick did a great post in 2009 about the top 20 questions he asks when buying a domain name. I’ve been reading Rick’s blog since 2007 and this post has always been a favorite of mine. The timing for this could not have been better as it ties directly into the third part of my series.

Please don’t get this confused with me saying that Rick uses the same criteria that I do for dropping domains – his is probably different, but the questions he listed in his post are a GREAT way to evaluate your portfolio and filter-out the junk. I really look up to Rick and have for years and learn from him every day (or at least every day he posts on his blog) and these 20 questions are absolute Gold! Originally I was going to list a set of my own ten criteria at the end but after seeing Rick’s post today I thought that his would be much more appropriate and well, better than mine since he’s been in the game since the beginning and he is the Domain King! So here it is, the last step:

Step 3: Take the names you have left and run them through Rick’s list of the 20 questions he asks when buying a domain name. If you can make it all the way to the bottom of the list without your domain meeting any of the criteria…it’s time to drop it!

So in the end I did cheat a bit since step three really has 20 parts to it…but at the end of the day don’t you want to really drill-down and find-0ut which names to keep and which to drop? I can promise you this was not coordinated by Rick and I at all and I did not mention to him that I would be using his 20 questions for buying names in my guide. Also this does not mean that Rick endorses my methodology – only that I do endorse his and I would like to thank Rick for helping to shape me into the Domainer I am today.

Of course as Rick says in his post, you need a gut instinct that Rick and Frank and many other legendary Domainers have and have had for a long time. My gut instinct is nowhere near these guys but with each name I drop and each name I buy I feel it gets a little better and the same should be true for you.

For me I don’t buy anything but .com’s if I’m thinking of reselling, everything else is for development. Maybe you love selling .net’s or .org’s, we’re all different. I don’t really want to sell anything for under $1,000, just not interesting enough for me. Maybe you don’t mind selling lots of names for $50-$100. We’re all different and it doesn’t make anyone right or wrong…as long as you’re making the kind of money you want to make in this industry then what you’re doing is working for you!

If however, and this is the big IF – you’re not making the kind of money you want to in this industry and you don’t know why your names aren’t selling or aren’t making money…then it’s time to drop the junk and put your money into some good domains that will allow you to reach your goals. We’re only halfway into the first month of 2011 – you have the whole year ahead of you…are you ready to take the next step?

{ 10 comments… add one }

  • Uzoma January 14, 2011, 6:58 pm

    Nice series, Linton.

    Only criticism: you almost sound like Mr. Rogers Neighborhood guy. I guess, it goes with your ‘teacher’ of n00Bs thing; just don’t forget some newbies are older than you. 🙂

    Reply
  • Leonard Britt January 15, 2011, 1:44 am

    Your next survey should be what could I buy now with the money I spent on domains I eventually let drop…

    Reply
  • Joe January 15, 2011, 2:38 am

    Two advices to starters:
    1) Don’t buy each and every domain you can think of. Instead, everytime you like a domain, write it down on a list. When your list contains 10-15 of them, you will choose the best 2-3 and secure them. Following Morgan’s advices to pick up those eligible ones may be a good idea.
    2) While you do your research and acquire your domains with my rule above, try to resell a fraction of them on domain forums in order to fund your new purchases with money from domaining AND to test the marketability of your domains. If you haven’t managed to sell any by the time you bought 10-15 of them, stop acquiring new ones and try to focus on whether there’s something wrong with them (posting your questions on domain forums is a good idea).

    I can assure these two simple rules will make new domain investors save much money and expand their knowledge fast.

    Reply
  • Richard January 15, 2011, 4:59 am

    Joe, I think that strategy is a very good one.
    As for step 3 😉 yes you did cheat but i have that post bookmarked for the very reason you have mentioned it in your post. Definitely some excellent tips to weedle out the chaff in your portfolio.
    Thanks.

    Reply
  • mark January 15, 2011, 6:27 am

    just a novice , i have purchased 1k of names.
    but these so called experts , pity they did not spend more of their time developing sites as you tube, facebook ,twitter ,etc etc, too much time on their hands i guess.they must really kick themselves

    BTW there is more money in cheap real estate in 1 month than messing with doms all yr .
    thats free info
    .
    the big money has gone from doms ,flip or revenue .
    sorry

    Reply
  • Kevin M January 15, 2011, 9:47 am

    Ok Morgan, I read and followed your 3 part series. So now instead of 500 names I’ve got 6 left. Why couldn’t you have posted this before?? 😉

    Reply
  • Joe January 15, 2011, 10:15 am

    @Richard
    thank you

    @Kevin M
    😀 glad you managed to filter your whole portfolio and found your worthy domains! For your next acquisitions, you could follow my 2-step mini-guide above.

    Reply
  • Kevin M January 15, 2011, 10:49 am

    @Joe
    Thanks, I’ll definitely keep them in mind. Should I also start linking to park pages??

    Reply
  • Joe January 15, 2011, 11:26 am

    @Kevin M
    I have my website at WhyPark which totally allows linking, so it’s perfectly legit in my case.

    Reply
  • Tony January 15, 2011, 2:12 pm

    A lot of keyword search domains dropped today. Here are some of the better still available ones:

    windowtintshades.com
    fundamentalsofphysics.com
    smalldufflebag.com
    catjunglegym.com
    forensicsciencemajors.com
    windowcandlelights.com
    gascentrifuge.com
    sensualpanties.com
    nursingschoolrequirements.com
    mediationcareer.com
    kidshoodedtowels.com

    Reply

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