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Mike Mann drops 50,000 domains

Labeled as news in Domain Industry News, started by charrisg, Jun 18, 2020

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  1. charrisg

    charrisg Established Member ★★★★★★★★★★

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    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. Altoz

    Altoz Established Member

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  3. Samer

    Samer Top Contributor VIP Blue Account

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    Nice, focus quality, not quantity. Agree here.

    Samer
     
    Last edited: Jun 18, 2020
  4. sharfab

    sharfab Established Member

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    In the domaining business you have to always be prepared to re-evaluate what to keep and what to let go. Especially when you receive email notifications about upcoming domain name renewal fees. :xf.wink:
     
  5. tonyk2000

    tonyk2000 Top Contributor VIP ★★★★★★★★★★

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  6. TheBaldOne

    TheBaldOne Top Contributor VIP Gold Account ★★★★★★★★★★

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    Hell's Bells, imagine the chance to go through the remainder of Mike Mann's portfolio, even without buying any just for the sheer interest it would be amazing.

    Question now is will Mike Mann continue the process of dropping at the same rate over the next 7 or so months. I see in the comments on the OnlineDomain.com thread that David Castello says he and his brother Michael did similar earlier this year though not to the same extent. Seems pruning inventories happens even with the big guys in the industry.
     
    Last edited: Jun 18, 2020
  7. Mister Funsky

    Mister Funsky Top Contributor VIP

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    It would be a hoot to be able to view the list of the dropped names.
     
  8. pb

    pb Established Member ★★★★★★★★★★

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    Imagine having 1000 domains expiring every day and deciding which ones to renew, which ones to let go. I sometimes have trouble with 10... I've always thought the "volume" guys just renew everything as long as the income is above the cost. But obviously it's healthy to trim some fat now and then.
     
  9. satsdifference.com

    satsdifference.com Love God Love Life

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    "renewal costs."


    -have a special day
     
  10. TCK

    TCK NameOptions.com VIP ★★★★★★★★★★

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    As @sharfab mentioned, we need to continually reevaluate our portfolios based on financial situation and quality of domains. It's impressive that Mr. Mann can manage so many domains. My recommendation for most domainers is to take the strategic approach, rather than register every domain they find, develop your best domains to create revenue that will at least cover your renewal costs and hopefully finance future acquisitions. I know that Mike has a number of businesses that likely cover at least some of his renewals. Acquire the best domains you can afford and drop domains that have never received an offer for and/or you don't see development potential. Consider the cost of spending time in forum auctions that will garner maybe a few bucks versus time spent on development of your best domains. Also, if you receive offers that did not end up in a sale, this might indicate that a domain is a development candidate.
     
    Last edited: Jun 18, 2020
  11. karmaco

    karmaco Top Contributor VIP

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    Good move. I guess he doesn’t want to own the internet anymore 😂 Everyone should be reassessing their names, goals and costs versus profit frequently.
     
  12. alcy

    alcy Top Contributor VIP

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    so is he doing it cause he has to or wants to
     
  13. Silentptnr

    Silentptnr Top Contributor VIP

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    @Mike Mann should develop his own domain liquidation platform. :)

    At $1 each, that's 50k.
     
  14. Pazu

    Pazu Established Member

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    Or he could have flooded NameLiquidate.com, which would help take care of the legwork with payment and transfers.
     
  15. Samer

    Samer Top Contributor VIP Blue Account

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    @Rob Monster imagine sellin most 50K at x$9
     
    Last edited: Jun 19, 2020
  16. Grego85

    Grego85 Quality.Domains

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    would anyone care to guesstimate how much total $$$ invested in this loss? 1 Mil? 2?? More?

    I realize we all let names drop.. But do I sense a shift in thinking here? Dropping of a magnitude such as this was definitely never his style before..

    is this another subtle indication that .com is starting to wane in light of new alternative options in the domain market?
     
    Last edited: Jun 19, 2020
  17. Samer

    Samer Top Contributor VIP Blue Account

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    Wishful thinking.
     
  18. Steven McEvoy

    Steven McEvoy StevenMcEvoy.com VIP

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    I don’t really care what he does... what he does on his time does not affect the domain industry or me... what you should provide is his list of his drops that would be worth it my read.
     
  19. Jurgen Wolf

    Jurgen Wolf Top Contributor VIP ★★★★★★★★★★

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    Read this article to the bottom...
    And check related links to his sales during previous pandemic months...
    Such monthly income is definitely not enough to keep 3XX,XXX domains...
     
  20. Rhinnnn

    Rhinnnn Established Member

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    From the article:

    "The truth is that he had a lot of low quality domains that had a small chance of selling."

    I'm also thinking that many of the dropped names may have been related to technologies or concepts that are (or are becoming) outdated. Makes sense to get rid of those.
     
  21. Masay

    Masay Established Member

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    His branding will be affected if he do this.
     
  22. winst

    winst Established Member ★★★★★★★★★★

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    It may be possible that he offloaded the names to another name server or to other holding account(s)
     
  23. AbdulBasit.com

    AbdulBasit.com DomainsWeb.com AbdulBasit.com PRO VIP ★★★★★★★★★★

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    With Google, Twitter and Microsoft keyword alone, there are 47+37+11 = 95 domains as per DomainMarket.

    A big time cybersquatter.
     
  24. garptrader

    garptrader Top Contributor VIP ★★★★★★★★★★

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    Money not spent renewing low-quality domains can be used to acquire bitcoin, ethereum, ...

    Crypto prices are volatile but cryptocurrencies unlike most domains are liquid....
     
  25. noneisnone

    noneisnone Upgraded Member Blue Account

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    how so ?
     

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