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Domain Discussion
Reported Domain Sales
Daojia.co SOLD!
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<blockquote data-quote="amplify" data-source="post: 2347346" data-attributes="member: 130638"><p>How much are renewals though?</p><p></p><p>I think investors have to take that into consideration. Say someone only has $100 to invest right now. They could grab 100 names. However, when those names come up for renewal, they will need to know that they might need upwards of $2000 within a year.</p><p></p><p>Having said that, sure, a sale is great as it covers your initial investment ($100).</p><p></p><p>But, you're going to need to sell quite a few more names to keep them and pursue them into the next years.</p><p></p><p>This is opposed to you getting $500 in 5 sales, and instead of choosing to renew 25 names, you choose to get 1 good name and renew it for 2 years. Then from that 1 name, you focus your time and effort to sell it for $10,000.</p><p></p><p>It's a very hard balance, but it's something that must be done because it can make or break you.</p><p></p><p>You have to live in the "now" and a year or two ahead in this business... going long on domains is not like investing in other passive income strategies; there are fees that will drag you under taking a quantity over quality route... and blending the two can be hard.</p></blockquote><p></p>
[QUOTE="amplify, post: 2347346, member: 130638"] How much are renewals though? I think investors have to take that into consideration. Say someone only has $100 to invest right now. They could grab 100 names. However, when those names come up for renewal, they will need to know that they might need upwards of $2000 within a year. Having said that, sure, a sale is great as it covers your initial investment ($100). But, you're going to need to sell quite a few more names to keep them and pursue them into the next years. This is opposed to you getting $500 in 5 sales, and instead of choosing to renew 25 names, you choose to get 1 good name and renew it for 2 years. Then from that 1 name, you focus your time and effort to sell it for $10,000. It's a very hard balance, but it's something that must be done because it can make or break you. You have to live in the "now" and a year or two ahead in this business... going long on domains is not like investing in other passive income strategies; there are fees that will drag you under taking a quantity over quality route... and blending the two can be hard. [/QUOTE]
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Reported Domain Sales
Daojia.co SOLD!
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