Been thinking about changing my tact with regard selling domains recently, based upon the fact that a friend of mine views the whole business different to me and seems to clear more profit.. So the question is??
1. Do you buy your domains and then hold them, hanging on for greater value?? (my current approach).
Advantages - greater value, more chance of a 'big sale' and one good one can make a serious impact on the numbers.
disadvantages - renewals can be expensive (especially when you have 3000+ domains)
2. Do you buy and sell quickly, with the view that 'a profit is a profit'? (my friends approach)
Advantages - liquid market, less capital outlay, less risk, no renewal fees.
disadvantages - by selling to cheaply no chance of a 'big sale'.
Or, i guess 3. A mixture of the two? (the way i think my future lies)
Be interested to hear what my peers are doing nowadays.
1. Do you buy your domains and then hold them, hanging on for greater value?? (my current approach).
Advantages - greater value, more chance of a 'big sale' and one good one can make a serious impact on the numbers.
disadvantages - renewals can be expensive (especially when you have 3000+ domains)
2. Do you buy and sell quickly, with the view that 'a profit is a profit'? (my friends approach)
Advantages - liquid market, less capital outlay, less risk, no renewal fees.
disadvantages - by selling to cheaply no chance of a 'big sale'.
Or, i guess 3. A mixture of the two? (the way i think my future lies)
Be interested to hear what my peers are doing nowadays.
