Wow…it’s been a while since my last post.
Things have been a bit busy on my end with work, life and all that other stuff that comes in between. Blogging is fun and I enjoy sharing new ideas and getting feedback from you all in the comment section but sometimes, being consistent with it while having to manage other aspects of business can be a bit of a challenge.
I plan to post more consistently though and also bring back the “Does My Domain Name Suck” series.
If you aren’t familiar with what that even is, you can check that out here.
Before I jump into why you should post your domain names on platforms such as Afternic, I also had to take a step back and re-evaluate our domain name business as a whole.
Well, renewal time came up for a bunch of our domain names and after going through the list I would say we cut our portfolio by about 35%.
I know many people will continue to renew domains for years to come but if the domain name doesn’t have these 2 things I will most likely drop it:
- Domain Inquires – If a domain I own has not received ONE legitimate inbound inquiry from someone interested to buy it, then that is never a good sign. Sure, it can take longer than a year from someone to come knocking on the door but I like to see some interest in it from a possible buyer.
- Traffic Stats – Even though a lot of traffic stats could be manipulated (bot traffic etc.), if the domain does not have any visitors showing through my parking platform metrics, then it pretty much doesn’t have a heartbeat. Not a good sign in my opinion.
So a lot of the time I’ve been away has been to fine tune the purchasing process to try to continue to purchase what I believe an end user or other domain investor would want and stay away from “junk”.
Okay so let’s get to it.
Most of you probably know this but companies such as Afternic can be a huge asset for you when it comes to selling your domain names. Believe it or not, in the past I never really went ahead and listed my names on this platform. Mainly because I was a bit lazy and did not want to have to go in and input all of the buy it now prices, confirm ownership etc.
Yeah, not smart on my part but over the last couple of months I’ve had a few nice sales from Godaddy closeout domains I bought for less that $20.
I buy them on Godaddy, then once they hit my account I basically list them on Afternic for a buy it now price.
Afternic is partnered with various different domain registrars so basically if/when someone types in your domain into Godaddy’s product registration path, it will show for sale.
If you own “IhavetheBestWebsiteEver.com” and someone goes to Godaddy and types “IhavetheBestWebsiteEver.com” because they want to register it, Godaddy will let them know it is for sale for X amount.
I believe this also happens through other various registrars Afternic is partnered with as well. I mention Godaddy though because they are probably the registrar with the most visitors monthly.
In the example I am referring to in this blog post, I went ahead and bought a domain on Dropcatch for $25 I thought was good for resale. Yes I know you may be thinking all domains on Dropcatch start for $59 but those are for backordering domain names.
In this case, I purchased from a seller who was running an auction.
I bought it for $25 as mentioned above and then put it on Afternic with a Buy It Now price of $498. In case you are also wondering, I bought this domain name in Sept 2017 and it sold June 2018. So about 9 months of holding time before the sale was made.
Not to shabby and also an excellent ROI!
Do you use Afternic to list your domain names for sale? What has been your experience?
Let me know in the comments section below!
The post Turning $25 into $498 – Why You Should List Your Domain Names On Afternic appeared first on OmarAndWill.com.