Why you should renew domains in advance

Hello everyone,

Today I wanted to share my point of view on why you should renew your domains in advance and the benefits of it.

So let’s check at how renewing your domains for a longer period than a year might prevent a big headache in the course of time.

1) If you’ve developed a website and worked hard for marketing your brand and receiving a great number of audience on your domain name, simply don’t let that site suddenly go dark because you forget to renew the domain on due time. So when your registration expires, any services associated with the domain (your website, email service, and so on) stops working. Sometimes the domain renewal alerts can easily get overlooked due to aggressive spam filters on your email account, an overflowing inbox, or any of life’s other distractions.

2) As it may happen with anyone and there are some situations happening around us which are not in our control like the current global situation regarding the virus and its impact to overall humanity. This may lead to weak financial condition, savings are needed to be used for some emergency and more important needs and last but not the least, the lack of domain sales can kill the cash flow in such tough times.

3) There are also some cases where investors tend to renew domains each and every month as the renewal comes for their large portfolio of domains but with any sudden death in family or the domain owner itself, hospitalization, any case of emergency, etc may put your domains at risk of expiring and ultimately to drop. So it’s better to renew a lot in advance.

4) Another positive side of renewing the domain is like when any endusers or domain brokers find the domain is near to expiration, they may try to wait for the domain to drop and either hand register it or backorder to secure the domain. But when your domain is renewed in advance let’s suppose for an addition of 3 or 5 years, chances are high that the interested party would try to contact and buy directly from you rather than waiting for years for the domain to expire.

So never give a slight hope to anyone that your good domains are going to drop anywhere in the near future. Give yourself peace of mind by renewing your domains far in advance so you don’t accidentally lose them.

As for my portfolio, when it was around 1,000 domains, it was quite easy for me to renew domains for at least a couple of years ahead of expiry. But with the portfolio growing and now little over 4,000 domains, it’s difficult to renew that much in advance. But still I have all my domain keepers renewed for an additional 1 year.

Feel free to give your feedback about my strategy and share your own to let others know.

Afternic experiment of June 2020

Hi everyone,

As the first half of this year is completed, there were some major things happening all around the world. While reviewing my business, I can clearly say that I’d the one of the best 6 months of my domain investing career.

Today I’m very happy to share the results of June 2020 which I was eagerly waiting for the report to arrive so I can share with you all.

This is the sixth post of the Afternic experiment series after I published January, February, March, April and May results which I’m hopeful that you’ll find it interesting. Although I’d initially planned to give Afternic landers a try for 6 months period which has already ended but I’ve extended the time period of using them on long term basis with the results I’ve achieved so far using their services.

In May 2020, I mentioned that there was no sale for the first 9 days and it was more longer break in the month of June of 11 days. So on 12th day I’d my first sale of the month in the shape of MarketGrid.com for $5,000. I’d put up BIN of $5,888 but after going back and forth with the buyer, it was eventually sold for that price. This was sold via Afternic lander.

Next sale was mind blowing one and the biggest BIN sale of my life. That domain was AutoFun.com which sold for $50,000. This was purchased directly via GoDaddy.com search. One of the best sale I’ve ever had.

Third sale was ToothBar.com for $6,888. This too sold via GoDaddy search. Then there was another sale of TinaChen.com for $1,988. Sold via Afternic partner registrar.

One more sale happened which I really like it – ww.biz for $4,888 via GoDaddy search. In total I’ve 4 more .biz domains.

GmTransport.com was then sold for $4,888 via Afternic lander. And the month ended up with the sale of 40hz.com for $2,888. This too sold via GoDaddy search.

Overall the cost of those domains were under $5,000 and total sale amount was $76,540. Also in May there were some 650 inquiries whereas in June, it was a little less than 600. Bit surprising because I had added some 60+ domains in the last month.

On the other hand, I’m happy to share the sales of couple of my friends.

@JudgeMind, an experienced domain investor sold some domains via Afternic which are shared below:

Dexwise.com for $1,299
Bjx.io sold for $239
ApplePie.org for $299
ReactionCapital.com for $2,500

Another fellow domain investor, Muhammad Aamir from DotCorner was happy to share his Afternic sales of June.

KingMusic.com sold for $6,000
SharkGirl.com for $3,000
PDFKit.com for $5,500
StarFilms.com for $7,500
Bisma.com for $6,500
ThunderPay.com for $3,500

Only PDFKit.com was acquired in 2017. All others were acquired in 2002-2003 period at $8 reg fees.

I tell you, those were good old days when you could hand register plenty of great domains like Aamir did. But it doesn’t mean it was too simple. One have to have the vision, knowledge and patience which is now paying off well for this fellow investor.

I appreciate both JudgeMind and Aamir for sharing their sales and if anyone would like to add their Afternic sales in future, feel free to let me know.

I would like to give due credit to my Afternic rep and brokers, I very much appreciate their hard work and dedication they put in for making all these sales to happen.

Feel free to give your feedback no matter how good or good it is 😉

Great new feature at Afternic

Hello everyone,

As I was going through a post of Elliot Silver which was actually talking about DAN on payout preference and I ran into similar issue at Afternic last month when there were total 9 sales and several of them happened simultaneously. The problem started when I wanted some of the sales proceed through different channels like wire and PayPal. And since 2-3 sales proceed was supposed to be released at once, I’d no choice but to let it come via one specific payout method.

This month I come across a new feature at Afternic which is great especially for frequent domain sellers who’ve multiple payouts happening on regular basis.

Usually we all setup our payout method here under “Domain Sale Payments from Afternic” and can add multiple payout methods but when you’ve several payments coming on your way, you usually had no option but to receive through one channel.

But I noticed last week when Afternic added an option in every SALE. Below is the screenshot I’ve attached for you to check out. Click each of them to enlarge it.

Just under Non-US, Payout Information, you’ll see “edit”. Click on that link and this will pop-up which is in the below screenshot:

In the above snapshot, you can see I’ve several payout methods already added at Afternic and I can change it to whichever payout method I want to select. Even though the default payout method is selected which will always be chosen when you don’t change to any other method. But if you opt to change for any specific sale, you can easily do that from now on wards.

I received couple of payments when I tried this new feature and I wanted to share after I’ve experienced it. I really like this new addition of Afternic and it was a must needed.

Feel free to give your feedback about this feature and share your experience whenever possible.

My experience of selling domains on payment plan

Hello everyone,

Today I would like to share my little experience of selling domains on payment plan. Although I’ve had very little experience in doing this and I know there are some domain investors doing this on regular basis.

So to date I’ve had experienced 3 payment plans. Very few in numbers but at the same time very exciting journey which I’m sure at least some of you’ll enjoy reading it. I’ll share the surprising part at the later stage of my post.

It was in 2015 when I first started with payment plan in the shape of MediaLounge.com for $16,560‬ on a 24 months period. We’d an agreement in place and did all the work before both parties got agreed upon. Received very few payments but within the same year, the buyer said they’re no longer interested due to some changes in company and this domain is no more required. The deal was cancelled and domain is still with me.

Second payment plan was on Kuneco.com for which I quoted $1,988. Buyer had no money to buy in one shot and preferred to buy on a 6 months payment plan for a total amount of $2,200. Started in the last quarter of 2019 and completed the deal this April. It was great pleasure doing business with this particular buyer. Such a nice and humble person.

Third and last one so far happened in last month MarketPal.com for $4,500. The actual deal was the final payment be made by September 2020. Somehow the buyer got good business at his end and wrapped up the deal within the last month which was surprising to me. Another great person to deal and a great negotiator as well.

Now the biggest surprising thing is ALL the above payment plan deals happened privately WITHOUT using any escrow service. Each of the buyer believed in my business practices and I give a lot of credit to the blog I developed in 2012 and of course to my readers and commenters who likes sharing my experiences.

Feel free to give your feedback, no matter how good or good it is 😉

Afternic experiment of May 2020

Hi everyone,

This is the fifth post of the Afternic experiment series after I published January, February, March and April results which I’m hopeful that some of my readers find it interesting.

It was really a roller coaster ride for the last month. For the first 9 days, I’d NO sale but I was confident of having at least a few before the month ends.

The 10th day, I’d my first sale in the shape of Bautagebuch.com which sold for $1,988 via Reseller partner. That’s when things started to change and ended May with 9 sales via Afternic. Seems there is some coincidence that for the first 9 days there was no sale and in the entire month, I sold 9 domains altogether. One more domain was sold via Reseller partner AllSan.com for $1,988.

There were 3 domains altogether which sold via GoDaddy cart:

LemonSoul.com for $3,988.
3Fit.com for $6,888.
ConnectFit.com for $6,888.

There were 4 sales via Afternic cart which many times include negotiation before the sale strikes.

Luxium.com for $7,500 – I believe of selling this domain for lower price just in order to keep the cash flow coming. Not because who the buyer is, as that never really matters to me. I always valuate according to my valuations. I’d a BIN of $9,888 on this domain but eventually sold for the above price after the broker gave his best.

RiverDelta.com – This was another smooth sale with a BIN of $6,888.

RtElectric.com – I’d a BIN of $3,988. Broker came in and presented an offer of $2,392. Strange amount but may be it was a round figure in a different currency. After pushing the buyer to revise his offer, the best and final offer was $3,000 which I’d thought of accepting the minimum as well. And the deal got strike on this one!

WFH.CO – The biggest individual sale of this month for me via Afternic for $9,888. I must admit of forgetting to update the price on this domain and selling it very cheaply. As WFH (Work From Home, Working From Home) term has got super hot these days and I forgot of having such valuable domain sitting in my portfolio.

I came to know when the offer came in where the buyer originally offered $2,500 and then $3,500, $5,500 and finally $6,500 and I was presented the $6,500 on 27th May and I remained firm on $9,888 and also said this BIN is valid until the end of May and I’ll increase the price significantly after that.

In next 48 hours, the domain was sold and buyer got a great deal here. Although I’m very happy with each and every sale but and not shedding tears on this one. But the purpose of sharing all this detail on this specific domain sale is to keep ourselves updated as much as possible and adapt to the change.

Above 9 domain acquisition cost was just under $2,000. Total sale amount was whopping $49,016‬. One of the best thing in last month was there were a good number of domains sold. Another thing was with no 5 figure sale, still the total amount of sales was almost 50K!

After trying Afternic landers for the last 5 months, I can clearly say that their landers are performing very well compare to Uniregistry landers. Also with Fast Transfers enabled for Uniregistry domains, I’m seeing better results for my portfolio. As you can see above, 2 domains were sold via Reseller registrar of Afternic. Also 4 domains via Afternic cart which means their brokers are efficiently working to strike the deal. Overall, I’m satisfied with results. But this doesn’t mean Uniregistry landers or their brokers aren’t good. They’re absolutely one of the best brokers I’ve ever worked with.

On the other hand, I received a little over 650 inquiries in total last month whereas in April I got almost 600 inquiries. This include multiple inquiries for the same domain(s).

Feel free to give your feedback and if you like to add your experience with Afternic, feel free to share. Also you may contact me directly if you like your results to be published in my next report post.