tips Why you should renew domains in advance

[AbdulBasit.com]

Hello everyone,

Today I wanted to share my point of view on why you should renew your domains in advance and the benefits of it.

So let’s check at how renewing your domains for a longer period than a year might prevent a big headache in the course of time.

1) If you've developed a website and worked hard for marketing your brand and receiving a great number of audience on your domain name, simply don’t let that site suddenly go dark because you forget to renew the domain on due time. So when your registration expires, any services associated with the domain (your website, email service, and so on) stops working. Sometimes the domain renewal alerts can easily get overlooked due to aggressive spam filters on your email account, an overflowing inbox, or any of life’s other distractions.

2) As it may happen with anyone and there are some situations happening around us which are not in our control like the current global situation regarding the virus and its impact to overall humanity. This may lead to weak financial condition, savings are needed to be used for some emergency and more important needs and last but not the least, the lack of domain sales can kill the cash flow in such tough times.

3) There are also some cases where investors tend to renew domains each and every month as the renewal comes for their large portfolio of domains but with any sudden death in family or the domain owner itself, hospitalization, any case of emergency, etc may put your domains at risk of expiring and ultimately to drop. So it's better to renew a lot in advance.

4) Another positive side of renewing the domain is like when any endusers or domain brokers find the domain is near to expiration, they may try to wait for the domain to drop and either hand register it or backorder to secure the domain. But when your domain is renewed in advance let's suppose for an addition of 3 or 5 years, chances are high that the interested party would try to contact and buy directly from you rather than waiting for years for the domain to expire.

So never give a slight hope to anyone that your good domains are going to drop anywhere in the near future. Give yourself peace of mind by renewing your domains far in advance so you don’t accidentally lose them.

As for my portfolio, when it was around 1,000 domains, it was quite easy for me to renew domains for at least a couple of years ahead of expiry. But with the portfolio growing and now little over 4,000 domains, it's difficult to renew that much in advance. But still I have all my domain keepers renewed for an additional 1 year.

Feel free to give your feedback about my strategy and share your own to let others know.

 

[Recons.Com]

At the end of the day, it boils down to the opportunity cost of the money. What is certain here as death and taxes is that you pay early. Let's say you renew by 1 year everything vs right on time. For 1000 names, that is $8500 paid a year earlier. If you can make 20% on your investment if you put that $8500 elsewhere for a year, that is $1700 you could earn for the money that you are foregoing.

Now, if you can do just one extra sale because your extra renewal triggered a purchase for that amount minus cost, then you are at break even. If you did 2, then you made money. So the tactics have to add 0.1-0.2% to your sell through for it to make sense from money perspective (of course, there are possible strategic benefits there too, but this is only about the monetary part).

Again, for me it doesn't make sense, because a) my opportunity cost is 40-50%+ b) I use funds to grow rather than adding years to current portfolio c) I don't have any data to support extra sales from it (I do have some names that I bought that had extra years, did not notice more interest with them, still small sample size though).

 

[WatchDogue]

4) Another positive side of renewing the domain is like when any endusers or domain brokers find the domain is near to expiration, they may try to wait for the domain to drop and either hand register it or backorder to secure the domain. But when your domain is renewed in advance let's suppose for an addition of 3 or 5 years, chances are high that the interested party would try to contact and buy directly from you rather than waiting for years for the domain to expire.

So never give a slight hope to anyone that your good domains are going to drop anywhere in the near future. Give yourself peace of mind by renewing your domains far in advance so you don’t accidentally lose them

While I enjoyed your entire post and your renew-in-advance premise, I thought reason #4 was a compelling and persuasive reason for long term in advance renewals.

For high quality names in particular, any interested party realizes they must contact and deal directly with you rather than trying to " wait out " a possible drop of the domain.

 

[AbdulBasit.com]

While I enjoyed your entire post and your renew-in-advance premise, I thought reason #4 was a compelling and persuasive reason for long term in advance renewals.

For high quality names in particular, any interested party realizes they must contact and deal directly with you rather than trying to " wait out " a possible drop of the domain.

Thank you so much

 

[Bname.com]

Thanks shar

 

[Jv1999]

For those of us that "renew" by transferring out via promos... "renewing" depends totally on the promo at hand

 

[Sinh]

Thank you for your great advice. especially #4. With the current situation of the world, many people (endusers and domain investors) are expecting the domains they are interested in, they will be expired.