Consider taking a break from the daily grind of buying expired domains.
Cleanses and fasting are all the rage in the health world. You might consider doing a cleanse in expired domain purchasing, too.
Over the past month or so I’ve taken a break from buying expired domains. Here are some benefits to taking an expired domain cleanse:
– I save hours each week searching for expired domains.
– I don’t have to be glued to my phone throughout the day to bid on domains. It’s amazing how much time this takes. Worse, it’s a huge distraction from other tasks. As a bonus, I don’t cuss out the SnapNames for not alerting me to being outbid in the app and sending late outbid notices.
– It helps me clear out my backorders on SnapNames/NameJet. These sit around forever and can trigger backorders if a domain expires a second time. By taking a break, I can delete all existing backorders without worrying about accidentally deleting recent backorders I added that haven’t gone through the auction yet.
– When I get back to buying expired domains, I’ll be able to take a fresh look at the metrics I use and consider if there’s a better approach.
– It boosts cash flow because I continue to sell while I’m not buying. (In the long run, if you don’t replenish your inventory, you can expect your sell-through rate to decrease.)
I’ve still acquired domains over this period, including some on Sedo where I don’t need to worry about the domain closing at a certain time.
It’s been a nice cleanse, but I’ll return to buying soon.
Amen! Very sage advice.
But it’s oh so hard to stay away for too long.
This has been helpful .I just source through and gather lists of those names I would have backordered or be in a bidding war for.
Its a help to take a break and feel refreshed. I use my time to read and research .We need to re-energize in this business so it doesn’t take its toll on us.
Thank you Andrew
In the past 12 years I’ve been chasing expired domains I think I’ve taken 5 days off completely from doing it. Its hard to stay away totally. I’ve really scaled back as I see prices becoming more and more unrealistic but I’m still buying virtually every single day.
I been doing this since i joined domain space. Jump in intensely for few month, jump out. Works for me. Gives time to recharge. Refocus. See what works. I dont want domains to be grind.