Dream Deliberator
I’ve always known that I was a dreamer, especially when it came to investing in domain names. I get a real buzz when I come up with a name I just have to go and purchase it before someone else picks it up before I do.
You get a feeling of excitement and satisfaction and a sense of accomplishment that you do not doubt in your mind that you have just secured a domain winner which will bring you more return from your initial investment.
So I ask myself almost daily, “Why aren’t I making my investment back?” Well, that is because I deliberate and procrastinate almost every minute of every day, especially on my rest days from my day job.
Opportunity Analysis
I have trotted up how many domains I have in my portfolio that are spread over four registrars and though I have been trying to keep my list lean, I still have one hundred and twenty-three.
Ideally, I would prefer to work with under one hundred but I’m not too disappointed with that total. I am annoyed at myself though because I don’t make enough of an effort to sell them or at least get them listed on the many places that domains can be sold on.
Domain Portfolio Valuation
I have fifty-one domains in my Epik account that have according to their basic valuation process a value of $2690 meaning that I have an average value of $52.45 per domain.
In Go-daddy I have sixty-eight domains valued at $11154.00 again valued via their valuation process that averages out at $168.02 per domain.
I have three more domains sitting pretty on Namecheap and Dynadot. I’ve run those through the Go-daddy Valuation tool, collectively giving them a $3610.00 value total of $1203.33 per domain.
What is interesting is that I only included in these statistics domains that have been given a valuation figure, I have not included anything for a valuation of less than $100 on Go-daddy (which is the majority of my portfolio) and the same rule goes for my Epik domain portfolio too.
Let me round the figures up again collectively;
The total value of domains with a value over $100 is $17454.00 divided by 123 domains in total, which gives an average sale value of $141.90 per domain.
Action Plan
Now that I have that average valuation figure, I can put a realistic value on the domains that are not showing up with a value or are on my Go-daddy portfolio with a $100 or less valuation.
The plan is to get each one out there on the domain marketplace and hopefully see a return on my investments. By leaving them sitting in a portfolio, I am not going to get any eyeballs on them and I will be rather pissed off with myself for not taking any action.
I will be dedicating a new category on my blog called Domainliquid8 where I will show and tell the domains that I will be choosing to let go for stupidly cheap and a lucky few will be able to take advantage and make some serious money with those domains.
Thanks for reading, if you enjoy my post why not click the mug with the heart on, I’d appreciate your support to keep this blog going.
Cheers!
Rick Ellwood
