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Domain Discussion
General Domain Name Discussion
How I Track my Domain Name Portfolio
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<blockquote data-quote="amplify" data-source="post: 2344849" data-attributes="member: 130638"><p>Elliot Silver shows a way to <a href="https://domaininvesting.com/how-i-track-my-domain-name-inventory/" target="_blank">track your domain names</a>, and keep to the rule of KISS (keep it simple, stupid).</p><p></p><p>His spreadsheet is pretty simplistic with the domain name, purchase price, and year acquired. That's all very basic information to keep on a domain, and it should.</p><p></p><p>One important piece that I keep with mine is the associated costs in another column. This can be anything from a transfer to renewal as you may be likely to move domain names around at times.</p><p></p><p>Without associated costs added to the purchase price, you get a fuzzy view of how much the asset, or domain, costs and what your return on it is.</p><p></p><p>While costs are typically minimal and could easily be multiplied out by a round number of, say 9, from the year acquired, you may end up paying more in taxes for the entire portfolio than you have to.</p><p></p><p>What's a loss of 10 bucks to the IRS though? They'll surely give it right back when they find the error. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite2" alt=";)" title="Wink ;)" loading="lazy" data-shortname=";)" /></p></blockquote><p></p>
[QUOTE="amplify, post: 2344849, member: 130638"] Elliot Silver shows a way to [URL='https://domaininvesting.com/how-i-track-my-domain-name-inventory/']track your domain names[/URL], and keep to the rule of KISS (keep it simple, stupid). His spreadsheet is pretty simplistic with the domain name, purchase price, and year acquired. That's all very basic information to keep on a domain, and it should. One important piece that I keep with mine is the associated costs in another column. This can be anything from a transfer to renewal as you may be likely to move domain names around at times. Without associated costs added to the purchase price, you get a fuzzy view of how much the asset, or domain, costs and what your return on it is. While costs are typically minimal and could easily be multiplied out by a round number of, say 9, from the year acquired, you may end up paying more in taxes for the entire portfolio than you have to. What's a loss of 10 bucks to the IRS though? They'll surely give it right back when they find the error. ;) [/QUOTE]
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