sales My 2017 Sales Update

[SBS66]

Hello everyone,

In late 2016 I posted the sales for that year. So I thought I would provide an update for 2017.

2017 was dismal for me in terms of sales. They totaled only $1,032 for 4 domains, and net profit of $918 on the sale, not counting renewals of other names. I haven't finished crunching the numbers for the year, but I'm pretty sure that I ended with a loss of maybe about $200$300.

I knew going into 2017 that I wouldn't have as much time to market in the first 2 or 3 months. That proved to be true for the rest of the year; part of it was my practice and part was traveling. I still have not come up with a way that I can scale: it doesn't make sense getting someone to market anything I own until I get better at picking names and marketing them myself. (As I like to say, I'm not in business to lower the US unemployment rate or that of any other country).

So, by March 2017, I decided I was better off pruning my "portfolio." I started the year with 365 names, and I ended it with 303, which includes 3 that I regged for my business.

I suspect 2018 is not going to be different from 2017 because it has also started strong. There is no way I can dedicate 3 hours 2 or 3 times a week as I used to in 2016 to marketing plus an hour each day looking for names.

But this domain bug doesn't let up, so I will continue learning about names, keeping up with sales, etc.

I hope everyone has a healthy and profitable 2018, with a lot of good health thrown in.

As always, I thank all of the NPros who always contribute knowledge. Thanks!

Vivian

 

[Marka]

congrats with your sales!

 

[SBS66]

Thank you. I'm trying something new (for me) this week. It looks promising.

 

[Bob Hawkes]

Thanks for the detailed report, and also congratulations on your four sales during the year. I understand what you are saying about pruning a portfolio a bit. I now have about 140 and finding that too many to really keep track of, even with Efty which helps a lot. I hope to be back in the 75 or so range by the end of this year that I view as more manageable for me. Best of luck for sales in 2018!

 

[SBS66]

Thank you @MetBob

Yes, having too many becomes unwieldy to manage and market. I only use GD to cut down on the "managing" issue--too many registrars are a distraction for me.

 

[DBurn]

Thanks @SBS66 for sharing - I'm looking to shed a lot of domain names this year, have over 200 now listed in auction at low prices.

 

[siravi]

Thanks for sharing it an congrats on your sales.