Here’s how I’m approaching my domain investing business in 2023.
It’s a new year and a fresh start. Here’s what I’m planning to do this year.
Buying more expired domains
I took a break from buying domains in the latter half of last year because I was working on a project that took a lot of my time (more on that at a later date). But in the last few weeks of the year, I started to rev up my domain purchases, and I plan to continue that in 2023.
I’m focusing a lot on buying domains at GoDaddy, specifically through the investor app. The app is much-improved, including the ability to purchase closeouts through the app rather than logging into the website. I’m also revving up my DropCatch backorders. In 2023, I plan to try backordering at Sav. The company has amassed a bunch of registrar creds, and I think it’s worth backorder .com domains there in addition to DropCatch.
I bought a couple of domains at SnapNames last month, but it’s usually not worth the pain and suffering that comes along with it.
Buy Now
I continue to switch the bulk of my inventory to Buy Now instead of negotiating. And for negotiating, I’m happy to pass that off to Afternic to handle.
Last week I negotiated back and forth on a sale over a few days. The person promised to pay the $11,000 within 12 hours if I accepted his latest counter. I agreed. Then, crickets. It’s just not worth the back and forth when so many people don’t end up going through with a transaction.
Dropping the losers
I spent much of December renewing domains. I renewed 95% of my domains that expire in 2023, so I don’t have to think about them until the end of next year. In 2023, I plan to apply a critical eye to my portfolio. Just because I’ve renewed a domain for ten years doesn’t mean I should renew it for another.
Switching to Mac
I’ve been a PC user my entire life, but I switched to Mac last week. I knew it would be a struggle, and it will continue to be for a couple of months. I have to retrain decades of muscle memory for keyboard shortcuts. This post has taken me a lot more time than usual as I learn that Control+Left doesn’t do what I expect it to. It’s frustrating, but I think it’s good to learn new things. And everyone I know who has switched says they’ve appreciated it in the long run.
Focusing on what I can control
There’s a lot of noise out there right now. Much of it concerns stuff you can’t control. One of my goals this year is to focus on what I can and worry less about the other stuff.
I switched from PC to Mac years ago but there’s one thing I absolutely need: presButan. It allows the Delete/Backspace key to work as you’d expect. To delete things. I’ve never been a fan of Cmd+Delete. I’m amazed it continues to work after all these years.
https://briankendall.net/presButan/
With every OS update though (or even restarts), it may turn off for whatever reason. Just activate the app again.
Switching to Buy Now instead of sales negotiations is definitely a huge time-saver. It can be frustrating to go back and forth with potential buyers only for the transaction to fall through in the end.
It can be really difficult to switch to a new operating system, but it’s definitely worth it in the long run. The battery life on those new MacBooks is unprecedented. Good luck with all your goals for 2023!
This is nice. I want to know that is investing in domain any worth. If yes or seems you’re a successful domain reseller so can you share your tips or tricks if you’re comfortable with that.