Domain Cancel and Lesson Learn

[Zilla]

Recently, I cancelled a lots of godaddy domains , I guess around 100+ names, even include a name which already been regged to Y2010, most of them going to expire recently, and I do disappoint on those ugly names...

so far, I still have 70 names around, most of them keep in Namecheap, not because I love them all, just because I don't know how to delete names in NC..otherwise, I know I will delete some of them as well...only 30 names will remain I believe...

what I learned then?

Only buy premium names...which means LLL.com, LLL.net, LLL.org, NNN.com and NNNN.com CVCV.com and keyword.com and proved traffic name ONLY

never buy others....if u have money buy other names, u may be need consider why not spend those money in NASDAQ..

I am not going to quit from this business, what I want to say is in this market, only premium name can survive and have good return...keep ur name list within 50, always ask yourself for each item, do you want spend $1000 to buy it? if the answer is no, cancel it, give your own a reason to keep it., question if ur potentical customer have other cheap choice, if the answer is yes, cancel it...challenge ur self first.

regist 1 name is cheap, but if u have 1000 junk names, only register is the winner...

 

[TheBaldOne]

Zilla, have I misunderstood or did you have a name registered unto 2010 and just cancelled it? If this is so, why?

Also, did you try to sell the domain names before cancelling them? Surely the return of $1 a name is better than just cancelling them?

This business you have to work at, find buyers, find markets, do research, bite your finger nails at times, but you have to expend energy to be successful. Yes there are a few lucky people who registered the 'right' domains early on, but for the rest of us it is work, work, work, to become successful. Finally never cancel a domain name, let it expire yes, but why just give away something you have bought the rights too.

 

[fonzie_007]

When I am looking to clear inventory, I sell my domains for $1. This way I at least am recouping some of my costs.

You raise a good point that it is good to focus on premium domains. However, it is pretty common to see less than premium domains selling for $XXX+. Take a look at some of the domains that BuyDomains sells and they are average at best. If someone wants a domain, they will pay for it.

Premium domains tend to be more liquid than non-premium domains; however, your ROI can be highest for non-premium domains (e.g. ones that you reg and later sell for $XXX+).

 

[Ben42]

It's like after the California gold rush.

For the most part all the gold that was easy to get was long gone and for the thousands and thousands of others that arrived late they had to work very hard to just survive and many gave up and found other work or even went home. Still, as long as you treat it like a hobby you still have a chance to find that huge "nugget" and strike it rich. But the odds of finding it are much less now.

There is nothing wrong with treating this as a hobby (or full time if your a student) but if you have a wife and kids to feed you should probably get a real job as well.

 

[Spade]

Although you do make some good points, it was silly to cancel domain names before they expire. There was a chance you could liquidate them to make some of your money back, or even the possibility that some of them stood a chance to recieve offers before their expiration. I think a foolish move. If you canceled them recently at GoDaddy, call there billing department back up, they can restore them within a giving period.

Justin

 

[networkmsia]

you could had perhaps given them away for free in the "Free stuff" thread.

in return, you get lots of reps and nps

 

[3par]

Premium is relative. Those domains that can sell for $500 between resellers was worthless five years ago. I myself was pretty sick with my first batch of names registered begining last year. But guess what? I see people fighting for the stuff now. And I sell some at mid xxx to low xxxx.

So I highly recommend you don't delete any more names. And good luck with your names.

 

[AzN]

I feel you, premium domains tend to have more value, however deleting your domain earlier is not needed.

You could of liquidated them for a couple bucks a piece

All the best,
Sonny

 

[Sam]

Why did you delete your names? You could have at least given them away... and not to mr bob parsons.

 

[labrocca]

You forgot to include in your list of domains to own...domains you can DEVELOP. I laugh at people that just park their names waiting for a sale. Get off your butt and make a site...sites sell for $xxxx all the time and believe it or not...it's not that difficult to do it. Site building and promotion keeps a domainer busy in-between offers and looking for bargains.

I spent at least two-thirds of my time developing and promoting and it pays off.

 

[accent]

I firmly believe the big profits in this market are not in the $$$$ names, the fancy traffic and LLL.coms.

It is in reg fee and low cost secondary market domains that are just ahead of the tide.

It is not about how many bucks you can sell it for, it is about your percentage profit, with consideration for your time. Look at the buyers of LLL.mobi. For weeks last October you could buy your choice of thousands for $18 - $25, depending on your choice of registrar. Now they sell for $250 each quite easily. Six months later! Where the tide will next rise is never certain. That is where experience and creativity come into play.

Established domains that are legitimately in the $$$$ range now are likely a good investment over time, and convey more bragging rights than wannabe domains. But some wannabe domains make it. Those who have limited funds who buy the right ones today will be the wealthy blue chip owners of tomorrow.

Yet there is something to be said for clearing the table. Perhaps the domains you deleted were truly duds that clogged your thinking. Everyone has their own way.

 

[Zilla]

thanks for everyone's reply and opinion..

yes, 1 or 2 cancellation is just "emotion", while most cancellation is going to expire, I deleted them 5-30 days early to "clean the table"

but I do agree I should post them here first and send it to the NPer first, will remember next time..