- Impact
- 3,505
That's my strategy. It works well, and you will make more money in the long-run.
Many domainers over-invest and run out of capital, forcing them to liquidate their good inventory for resell pricing. Or, they will lower the prices on their domains coming up for renewal hoping to get a quick sale. This is a bad idea for several reasons.
For one, say you lower the prices on domains expiring in 30 days. 1 out of 12 sales (that would have happened regardless) will fall into that lowered price tier and you will lose money. That's 8% of your sales making $999 instead of $4999 (for example).
The key to winning with domains is Patience.
You do not know when the next buyer is going to show up, so it's important to stay focused and find other avenues to occupy your time. Most successful domainers have other income sources to stay afloat during the times of low or no sales. Even with large portfolios, it could be months or years without a sale.
Now faith in the law of averages will get you through those periods, because a sale could happen at any moment. That is the thrill of domain investing, the unlimited possibilities, so don't ruin your chances by selling yourself short.
Good luck!
Many domainers over-invest and run out of capital, forcing them to liquidate their good inventory for resell pricing. Or, they will lower the prices on their domains coming up for renewal hoping to get a quick sale. This is a bad idea for several reasons.
For one, say you lower the prices on domains expiring in 30 days. 1 out of 12 sales (that would have happened regardless) will fall into that lowered price tier and you will lose money. That's 8% of your sales making $999 instead of $4999 (for example).
The key to winning with domains is Patience.
You do not know when the next buyer is going to show up, so it's important to stay focused and find other avenues to occupy your time. Most successful domainers have other income sources to stay afloat during the times of low or no sales. Even with large portfolios, it could be months or years without a sale.
Now faith in the law of averages will get you through those periods, because a sale could happen at any moment. That is the thrill of domain investing, the unlimited possibilities, so don't ruin your chances by selling yourself short.
Good luck!
