As you all know I’m a very positive person, however being positive person doesn’t mean being unrealistic. Lately the volume of emails I have been getting from blog readers has been overwhelming. I do really appreciate everyone reaching-out for advice but lately I’ve felt like a Doctor breaking bad news to a patient.
The problem is that many people have portfolios of junk but they can’t take the next most important step…dropping all the junk and focusing on the good stuff.
So I thought I’d share my own person experience that hopefully some of you can relate to.
In 2007 I got the Domaining bug, went nuts, and bought 1,200 domains. In 2008 I did my research and sadly learned that about 50% of the domains I had bought were absolute junk. So I dropped them…that’s right, I dropped 600 domains and took the hit.
As with any mistake I pledged to learn and change my ways, and I did. It might be the hardest thing to do but if you’re not making money with your domains then you aren’t really a Domainer. Just think, if I told you that I sold cars for a living, and you asked how much I made and I said, “I lose about $1,000/year” would you still consider me a car salesman?
The same is true with domains and I can see many people going down the wrong path with the high volume of emails I’m getting filled with junky domains. So rather than respond to the trillion emails I’m getting, I decided to put-together a three part post on dropping your domains. That’s right, while just about everyone is talking about what names to buy…I’m going to help you figure-out which names to drop.
So if you’re ready for a reality check, allow me to help you take the first step.
Step 1: Plug your domain portfolio into Estibot. Drop all the names that Estibot says are worth under $100.
This may be hard to do and you might not like what you find-out but this really is the best first step. Now I’m not saying that Estibot gives you a perfect evaluation of your domains. That being said I still think that if Estibot returns a value below $100 there’s a good chance the domain is junk.
In Part 2 I’ll tell you how to take the next step in trimming down your portfolio and getting to the meat. Make 2011 the year that you turn your domains into dollars, rather than spending all your dollars on domains!