I have a new deal in the works to sell some domains from our portfolio. The deal is for 6 domains and the price point looks like $8,000
for them all. There is also the possibility of an additional domain for $2,000 but this is not yet confirmed. I am however hopeful that I’ll have a $10,000 domain deal which will make for a good month indeed. I settled for a slightly lower price then the true value on these domains because I wanted to use the money as an investment in some other projects we have. I need to hire some a PHP MySql developer to help me with some improvements to our existing domain portfolio.
This deal came to me by chance and I sort of see it as free money at a time when I could use some cash for so many different things. The whole idea of having an extra $10,000 is a bit new to me personally and I have started wondering what to do with the money. I am currently debt free. All of my bills are paid up to date and I just paid the home insurance and property taxes. My credit cards are paid in full, I have no outstanding loans and my bank balance on current accounts is healthy enough that I will consider saving some of this for a rainy day but all of it should go back into to the business. I did have a Mortgage Broker contact me about a good deal on a home for sale but I turned it down. I plan to pay off some months on our dedicated server bills plus add an additional year to many of our domains. I will also add two or more years to some of the more important domains names.
I have learned a valuable lesson in dealing with Registerfly and that is to always have plenty time on domains and renew them not the month before but 13 months before always leaving a year on them at the minimum. That will use up quite a bit of money with over 400 domains to renew. I am going to do some text link advertising and boost the ranking on some new sites. Having a couple bucks to invest in site improvements should help cut out some of my work load and boost month revenues. I may consider selling off even more domains this year. It seems the market is hot and now is a good time to cash in some of our investment. Truthfully selling a domain always bothers me because I know the earning potential on some of these names if marketed properly and I am certain that premium domains will only increase in value over time.
Tags: Affordable Web, Business Management, Domains
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