This first-hand account underscores the opportunities and challenges of domain name investing.
I was scrolling through Twitter on my mobile phone on the July 4 holiday when I came across a chart showing a .NYC investor’s domain sales. I didn’t see that it was attached to an article and questioned how much investment it took to get the sales.
This weekend I had time to go back and read the article, and I highly recommend every domain investor to read it. Not just new TLD investors. All domain investors.
First, it’s a rational discussion of a domain investor’s sales. No hatred, no assumptions, and lots of humility.
Second, it provides unprecedented transparency of the investor’s results. Lots of times we see tweets about big sales and high returns on individual domains, but they are outliers. This post gets into the nitty gritty including how much the investor, Matt Gill, has spent amassing his domain portfolio. While making sales is great, we all have carrying costs and replenishment costs to consider.
Third, it’s a good picture of the challenges of domain investing. The comments are pretty good, too, pointing out the cost of your time researching and buying domains. Matt has had to work hard to select and sell his domains.
I’m not going to give away everything that’s in the article because Matt deserves to have you read it yourself.