Domain Name Gold Mine

How often have you heard that expression – you’re sitting on a gold mine?

Actually there’s a good possibility that you are – in the form of domain names you’ve bought and haven’t used.

Now it’s okay to admit it – we all do it. A good friend of mine used to say she gave up buying shoes and started buying domain names. And she has quite a collection!

I have a large collection myself. Over 500 at this point.

But here’s the thing…while each domain name is “only” 8 or 9 dollars per year, it adds up. So my 500 domains cost me about $4500 per year – just to renew.

So why would anyone buy that many domains? Here are just some of the reasons I’ve bought so many…

1. I had a great idea for a product. Of course some of those ideas are now products that I sell daily. But many of those ideas are still ideas. And I’m at the point in my career where I’m willing to admit there are some ideas I’m just not going to do.

2. It was a great domain name that had potential for great traffic. As you know, Google loves domain names that match the keyword phrase you’re trying to rank for. So when you find one of those keyword-rich domain names, you jump on it.

3. It’s a variation of a domain name I already own (and probably use). Rather than lose traffic to a “look alike” I bought that domain to protect myself.

4. I use many of the domains for redirects to affiliate links. It makes it easy to refer people and it makes it easy to change the backend affiliate link, if you want to change where you send traffic.

5. And I’m sure there’s at least one more reason – what’s yours? Let me know in the comments below!

As part of my own journey in Overcoming Information Overload, I have decided to get rid of some of my domains. I’ve just not been renewing those that don’t have any value.

But for those that DO have value, I’ve decided to sell them. I was going to use SEDO, the best-known domain seller. But when I priced their services, they wanted a minimum of a $50 commission for each domain. Since some of my domains aren’t that expensive, I decided to list them myself. After all, it’s not like I’m in a rush to sell – I’ve been sitting on them for YEARS! (grinning)

So you can now find a current list of the domains right here on my blog in the main menu. If it looks like there’s interest, I’ll start adding more to the list.

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