The hardest part of doing anything is staying motivated. The only way I can keep myself moving forward is by creating small little goals to achieve. Sometimes its weekly goals, sometimes monthly, and a lot longer-term. Without it, the time between purchase and sales seems like an eternity. It’s depressing seeing all the people on Twitter making sales. At times it seems like everyone else is selling but me. I have to remind myself that my strategy is a little different. I have a few smaller sales and then a few big ones each year. This year I have had more sales in dollar volume than ever, but there are months when I didn’t have a sale. It’s hard to not have some kind of “action” going all the time.
So I set goals. Goals that keep me busy and not just buying to buy. This week’s goals was to double-check my pricing on 50 names and list them on Dan. That was it. Nothing more. To a person that does this for a living, that’s nothing. But to a person that works a 60 hour a week job in addition to domain investing, it’s a good goal. I only have 500 names so 10% is good. I got it done.
Writing this list every day keeps me pretty involved in domain investing. I pretty much see every domain that comes up for aftermarket auction. It’s difficult not to buy 10 domains a day at closeout or cheap. But that’s not my strategy and I constantly have to tell myself that. One of my goals is to NOT buy domains. To be selective and patient. Something hard to do when your gambling, addictive, personality is telling me to go go go. What’s made it easier and harder is the big six-figure sales. There’s cash in the bank. It makes it easier because you have the bank account to look at if you don’t feel satisfied with the results. But it also burns a hole in your pocket. You can buy pretty much anything. It’s a good problem to have but it can still be a problem.
There’s not a day when I think to myself “maybe I should put a name or two up for auction to create some cashflow”. Then I remember that I have to stay patient. I have cash and I don’t need flow. It’s the action that I need. And that brings me back to creating little things that give me action to fill the addiction. I’m saying all this because most of you probably share the addiction. Some may have the same bankroll. Some of you may be spending your real job paycheck on domains. You have to be very selective if you’re doing that. You’re not playing with “house” money. Actually, you are playing with house money. Its the money you should be using pay for your house, not domains. But if you are buying domains you have to be super careful with this addiction. Setting goals, limits. Once you sell a few and have that money to spend is where you can take a few more risks. All this is not advice, ok its advice. Although telling someone to be patient, watch their addiction, and be careful with their money is probably considered decent advice.
Quote of the Day: “You are free to choose, but you are not free from the consequences of your choice“
Domain of the Day:
Park.io Names at Auction or Available for Pickup
FuelCell.io The world is going to be run on batteries aka fuel cells
Busty.io Pretty sure adult names aren’t allowed on .io so looks like we’re going to sell busts of famous people here
Spotting.io Good name for looking for things, bad if you’re talking periods
SnowPlow.io Not sure if this is worth the $99. Would look good on the side of a snowplow truck though
Term.io This on the other hand, I’m positive is worth at least $99
WXL.io I like my domains like I like my fries. XL
Namejet and Sedo & More Domains at Action
Serd.com The pronounceables are getting all the action on the Sedo LLLL.com auctions
Tonq.com Will probably hit the four figure mark
Yerr.com I see this one at $800-900. Just a guess
Butcher.biz I think this makes a solid end user name for $99. And gets traffic
Helmet.org It’s hard to sell off a dot org but its a great keyword
WFF.net Great letters. Dot net gets no respect but the LLL.nets have always been liquid
SMLab.com 1994 birthday and taken in 32 extensions
Matar.com Means “to kill” in Spanish. And not the good kill
OceanMind.com Taken fun 23 extensions. I’d drink the IPA
Godaddy Domains With Bids
HoverCart.com A companion to the Hover Board from Back to the Future
Covista.com Sounds like a tech company
V333.com Chinese love this type of name and it looks like their bidding here
ThinkPrivacy.com Privacy is at the top of concerns of Internet users. Price reflects that
BeautyTribe.com Most bids on the Godaddy board today.
ExclusivePools.com Pool installs are at all time high
Cahy.com Fake CVCV
AllThingsHealth.com A little too broad for me but good category
WebSections.com I thought this was Web Selections. I like the real name but I liked selections better
That’s it. I really don’t like much at Godaddy today
Godaddy Names With One or NO Bids
The Rest of the Godaddy Names With Bids
Have a name at auction and need more exposure? Send me an email. We Charge $10 per name per day. We may be able to help. If you have an auction you want to promote, email us for details.*All names chosen by us, Shane and Josh . (ie you click through and purchase a name you like) or an occasional paid listing. Everything we say is based on our own research or is opinion. Do your own due diligence. That means look it up yourself if you don’t think the stats or our opinion is correct. We hand choose the names but we are paid to make this list by both the auction houses, individuals that are auctioning names, and Godaddy affiliate links. Keep that in mind and only buy names that YOU think are good.