James Iles

By This Time Next Year, I Will...

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By James Iles, Dec 29, 2016
  1. James Iles

    James Iles NamePros Writer PRO Business Account VIP Trusted Blogger

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    I’ve never been one for new years resolutions. In my experience, the idea of deciding to start or stop something specifically because it’s the new year rarely works. Statistics back this up, too. According to a British survey last year, 63% of UK adults failed to keep a New Year's resolution, with 43% of those resolutions not lasting until the end of January.

    I do, however, think that the new year is an opportune time to reset business goals to zero and plan for the year ahead. In order to advance our own personal domain portfolios, and our understanding of domains and domain value, it’s a good idea to set goals. These goals can then be reviewed at several points throughout the year to ensure that you’re on track with your original plans.

    ttny.jpg
    Here are a few of my own personal goals for 2017 with regards to domaining. I encourage you to comment below with your own goals to ensure that you’re publicly accountable for achieving these aims. It doesn’t matter whether your goal is to sell a domain for $100 or $100,000 – as long as the goals are accomplishable and motivational. Hopefully, this time next year, we will be able to revisit this article and see what we collectively accomplished.


    Acquire a One-Word .COM

    I have owned plenty of four-letter .COM’s, two-word .COM’s, and brandable names, but I have never owned a one-word .COM. As we’ve seen many times throughout our Domain Data series, one-word .COM’s are desirable by startups and established companies alike. A good one-word .COM is also an asset that is relatively liquid, meaning it could be sold to another investor, should the need arise.

    The desire for one-word .COM’s is high amongst investors right now, but I’m hoping that within the next twelve months, the opportunity arises for me to acquire at least one domain in this category. There are steps that I can take to make acquiring a one-word .COM more likely, so I’m hopeful of achieving this goal.


    Sell My Speculative Domains

    I have several names that were acquired completely out of speculation, which have turned out to be bad investments. These are mostly six-number .COM’s and five-letter .COM’s. At the peak of the Chinese buying spree, many of us got caught up in speculative domain names that have ultimately dropped in value, rapidly. Fortunately, China’s domain investment activities have been profitable for me in terms of domain sales, but I still own several speculative investments.

    In an attempt to clean up my portfolio, I’ll look to sell off these remaining domain names within twelve months. I’m in no hurry to sell, but once the market conditions are right, I shall sell off many of my speculative domains.


    Speed Up My Email Replies

    Those who know me will know that I either respond to emails and messages immediately, or they remain unanswered for many days. I receive hundreds of personal and business messages per day, so sometimes I do forget to respond, which is purely down to my lack of organisation. I plan on improving my organisation when it comes to answering messages promptly.

    To help me with this, I’ve started to use an IFTTT (If This Then That) applet, through which I can add time to my calendar to respond to certain emails by just hitting the “star” next to an email in my Gmail inbox.


    Sell a Domain for Five Figures

    Purposefully, I haven’t sold many domain names in recent months. Thanks to the income I’ve received from brokering several five and six figure sales recently, I’ve had no need to sell. However, I’ve set myself a target for 2017 of selling one of my own domain names for a five figure fee. I think I own a couple of domain names that could help me achieve this goal, so it’s a case of either conducting outbound sales or waiting for the right offer to come to me.



    Those are my four goals for 2017. What are yours? Please post your domaining goals below and be accountable for those goals. I hope that this time next year, we shall be able to review this article collectively to see whether 2017 was successful.
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
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  4. James Iles

    About The Author — James Iles

    Writer for NamePros.com, domain name investor and broker. For all inquiries relating to stories and interviews, please email: [email protected]

    This is James Iles's 305th blog post on NamePros. View all blog posts

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  5. Comments (66)

  6. wot

    wot Top Member VIP ★★★★★★★★★★

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    This time next year I will be 71 and my goal is to reach 72.

    And sell a few domain names along the way and maybe see something completely new in the industry.
     
  7. usernamex

    usernamex Señor Beaverotti VIP

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    @James Iles - I predict you will now get a bunch of PMs with undesirable one-word COM offers : smile :

    My 2017: Buy less, sell more
     
  8. Domain Shane

    Domain Shane Active Member DSAD.com Staff PRO ICA Member VIP

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  9. cipcip

    cipcip Active Member VIP ★★★★★★★★★★

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    I would like to sell a domain for $1k ... never reached this target so that is my resolution :)
     
  10. wesley sweatman

    wesley sweatman durfer VIP

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    not to repeat 2016 lol, and ditto cipcip. That's a nice goal.
     
  11. wesley sweatman

    wesley sweatman durfer VIP

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  12. NameOmnia

    NameOmnia alea iacta est VIP

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  13. Eric Lyon

    Eric Lyon Community Admin, NamePros Administrator PRO Business Account VIP Trusted Contest Holder

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  14. omelet

    omelet Active Member VIP

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    My 2017 goal:

    Buy more, sell less or no sales
     
  15. Corey

    Corey VirtualReality.am VIP

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    This time next year, I hope I've retained my good looks and health + be the go to for 4 Letter.com.au's & Marketable Domains.

    Cheers
    Corey
     
  16. usernamex

    usernamex Señor Beaverotti VIP

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    You want no sales in 2017? : quizzical look : ?
     
  17. omelet

    omelet Active Member VIP

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    Yes. I want to be the SPECIAL ONE
     
  18. dotbay

    dotbay NameSquad.com VIP

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    I have alerady changed my domain investors habits this summer.

    I have sold my 3L .com an most of my "chips" and "liquid" domains (exept brandable).

    I will just continue to do what I've always been good at. Find undervalued brandable .com names.

    I am getting more picky each day. Great domains sells, bads don't!

    I don't like the idea of changing your game plan each January.

    Don't wait any longer. Now is always the perfect timing!
     
  19. omelet

    omelet Active Member VIP

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    GUYS, ALL OF YOU WANT TO MAKE A PROFIT, BUT THIS WILL NOT HAPPEN TO ALL OF YOU.

    I SEE MANY OF YOU DECIDE TO LIQUIDATE MANY OF YOUR DOMAINS AND HOLD ONLY A SMALL PORTFOLIO

    WELL, I CAN UNDERSTAND. BUT THIS WILL NOT WORK FINALLY

    DO DIFFERENT THINGS TO THE MAJORITY, BE DIFFERENT- THAT'S THE ONLY WAY YOU CAN MAKE AN OUTSTANDING SUCCESS
     
  20. omelet

    omelet Active Member VIP

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    SO I WILL BUY TENS OF THOUSANDS OF GARBAGE DOMAINS AND HOLD THEM FOR OVER TEN YEAR. I KNOW I WILL SUCCEED
     
  21. dotbay

    dotbay NameSquad.com VIP

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  22. dotbay

    dotbay NameSquad.com VIP

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    Quality over quantity.

    Sell the bad ones instead of LOOSING money. Try to get few $$ back while you can! Invest in better names and hold them!
     
  23. rivey001

    rivey001 Active Member VIP

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    By this time next year I will have already established my own domain brand/company. I will be able to live off domaining and still have more than enough. If you don't know me now; you will know me by this time next year.
     
  24. omelet

    omelet Active Member VIP

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    I WILL DO REVERSE
     
  25. omelet

    omelet Active Member VIP

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    NOW I KNOW YOU BECAUSE YOU SAID I WOULD KNOW YOU. HI, NICE TO MEET YOU HERE
     
  26. dotbay

    dotbay NameSquad.com VIP

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  27. Sumit Agrawal

    Sumit Agrawal Established Member

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  28. omelet

    omelet Active Member VIP

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    all good now
     
  29. omelet

    omelet Active Member VIP

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    learning market is important

    both micro and macro economy are needed to learn, in order to sell both to right buyer and reasonable price
     
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