I have been domain investing for 10 years now. For the last 8 years I been active and paying attention. But I’ve really only figured out what I’m doing in the last 5. I admit I was inspired to look at my purchases over the last 12 months by a tweet from Rick Schwartz that contained his recent purchases. I took a look and thought “I think I’ve done just as well” . So I started looking and putting the list together.
Here are the names I’ve purchased in approximately the last year
Christmas.ws (came with reg with until 2099)
Before I give you my takeaways after looking at my own list I’ll throw in a little background. I’ve said it a thousand times but I’ll state it one more time. I have never put in one cent of my “outside’ money into domains. Every penny spent has come from selling domains, blogging, or my small sites. It is a long slow process that has taken years. If I don’t have the money I don’t buy. This year I had to protect a large amount of my bankroll for another purchase. I have put in an offer on a piece of property that is waiting for someone else to buy the other section for sale. If it goes through I have to write a check for $20K within the week. My wife doesn’t want to be a part and I’m on my own on the purchase. Like everything in life, if I spend it on a domain the land will close the next day and leave me scrambling for money. Even worse have to ask my wife for something she told me know ahead of time. I tell you this because it left me a little “poorer” than last year and I passed on a quite of bit of lesser value names that normally I would buy.
I had planned on buying a lot more names at lower values and playing the Brandbucket/BIN Afternic game but I had some early success buying private names and decided to concentrate on those this year. As discussed on DomainSherpa, I bought MonkeyWrench, Blowtorch, TheBigIsland, and Dustpan all privately. A few of them took months and years to acquire. I obviously filled the portfolio with LLLL.coms as well. I am particular on what kind of LLLL.com I buy and you’ll notice a pattern of what kind of letters I like. Not going to see any Js or Ks in my names. I buy them because I think they hold value as well as any domain and I sell one or two a year for $7K plus which pays for most of my purchases. The LLLL.coms you see above were two sales rolled back into more LLLL.
As for asking prices on these, I am much much more patient than I have ever been. Everything is going very well and I don’t need money nearly as much as I did while building my portfolio. This site is doing fine and I have been selling a domain or two a month. Add that to my sites and various other Internet income and I have a decent bankroll to spend each month
This month for example. I should have one closing today for $2500 combined with $2500 worth of names I sold at DropCatch. Add in this site and my other sites and I have over $10K to put in to domains without having to reduce the portfolio value very much. I feel this is the secret to my domain investing career. Selling domains yet increasing the quality of the portfolio. The domain I sold for $2500 I bought for $17 on Godaddy 5 or 6 years ago. The other advantage I have is I don’t have to take any money out to pay for stuff. Although I do. I do this to make my life more enjoyable so I take money out to do exactly that. And if I miss a domain purchase or two because I did I had some fun I’m ok with that. But I don’t have any reoccurring bills or payments in which I have to withdraw money. This ability to reinvest lets my portfolio and my money grow at a much bigger rate than someone that has bills to pay. It also takes the pressure off of selling and in general, takes away all pressures. This is all bonus. Mums pay the bills, botany.com pays for the thrills.
Feel free to share some of the better names you’ve purchased this year.