Jan '24

4 New Year's Resolutions for domain name investors – Domain Name Wire

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Here are four things every domain investor should strive to do in 2024.Two scraps of paper. The left one has "New Year Resolutions" written, and the right one has three bullet points that are blank.
I’ve been trading domain names for about 25 years, but even I sometimes drop the ball on this. I have a system for onboarding new domain names I acquire, but some fall through the cracks. Every time I audit nameservers, I find some domains that point to stale nameservers.
There are a couple of simple ways to audit your nameservers. If you keep your domains at just a couple of registrars, it’s easy to download lists or view nameservers from within your account. If you keep domains at many registrars, a simple tool like Watch Your Domains Pro can help.
When was the last time you checked your aftermarket pricing? I often “set it and forget it” and miss out on opportunities as a result. There are a few things I try to check with pricing:
Wholesale domain prices generally increase every year, and domain registrars pass this increase on to registrants.
Some of these increases are well known, such as when Verisign increases prices. It raised the .com wholesale price to $9.59 last year and has the option to increase it to $10.26 this year. You can bet this will happen around September 1. Other increases aren’t as newsworthy, and you might not know about them until after they are implemented.
But one thing is for sure…prices almost never go down. So, renewing your domains early helps you save money. It also prevents you from accidentally letting domains expire.
If you have the cash flow, I can think of no good reason not to renew domains early. On the off chance that the domain sells after you renew the domain early, the renewal cost is likely minuscule compared to what you sold it for.
I’m guilty of getting stuck in my ways. But the best domain investors continually test and find new ways to make money.
What are your New Year’s Resolutions I’ve missed?
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J.R. says

#5 Stop posting make offers that don’t convert to sales on X.
#6 Stop posting blacked out domains and the prices they ‘allegedly’ sold at.
#7 Express gratitude for DN Journal standard of NOT posting unvetted sales.
There is too much scum bag behavior done in the name of domaining. These are resolutions that would be helpful for all.
Mark Thorpe says

I am trying #4, Experimenting on Squadhelp.
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Joker has been buying and selling domains since the late 90's. He has worked with many portfolios and investors over the past decade as well.

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