J. Money culled ten web domain names from his portfolio in an effort to clean out some of the mental financial clutter from his life. He had a bit of a domain-buying binge last year so there was room for culling.
I have thirty-two domains in my Namecheap account. Some are for my wife’s projects but many are for mine. I got them probably for the same reason that J. Money got his: I had some idea for a website and used the domain as a first step to committing to the idea, or a mental placeholder, or both.
I haven’t carried out all of those ideas, or even most of them. The problem is that carrying the domains isn’t free; it costs about $10/year for each one. Each unimplemented idea costs me $10/year, and cuts into the income for the sites that are producing.
This year, I’ll get these domains to earn their keep, or they’re going away. It gives me a twinge of guilt to renew them each year while they’re in the same state that they were when I registered them. Someday Real Soon Now has to be This Year.
Getting a domain to pay for itself shouldn’t be that difficult. Since my web hosting is a fixed cost, and I can still add plenty of domains to the mix, getting the domains in the black means income of only about $1 per month.
I’ll take as many websites with positive cash flow as I can 🙂 but I need to get them that way first.
Congrats man! Not sure if you read my “You Might Be A Blogging Addict If…” post on Yakezie.com, but that’s one of the sure signs!
I’m in pretty much the same boat, but I’ve got other fish to fry and I don’t mind carrying my not-yet-implemented domains for awhile.
The ones making money are able to pay for the ones not yet making money, so I don’t see any great need to unload them to save a buck.
Several years ago I let an unimplemented domain lapse and someone else grabbed it and started making money, so now I figure if I’ve got it, I’ll hold onto it until I get around to using it.
Have any fun domain names that you can share without giving away the idea?
And how do you make Money ? Unique content with ads?
Some people make good money on just parked domains with the right type in traffic.
I’ve been doing the same thing lately – letting domains expire, or selling them if possible. But mostly letting them expire.
I think I’m down to about 17 domains, which isn’t too bad. 🙂
Why don’t you try and sell them and put more money into your better quality websites?