Buying and Selling Domains
One of my first posts on Derrich.com was about how I’ve invested in domain names. I own about 50 domains not including every derrich.xxx I could scoop up (yes, I own them all…muahahahaha!!!). Not alot in the whole scheme of things, but definitely a start. I park about 40 of those for free at Sedo.com. Well on Monday, I received an email from Sedo notifying me that an offer had been made on one of my domains, vinoaficionado.com, for $60. Needless to say I was pretty excited about the offer, just not about the amount. I should have taken a page out of my stock market rule book: Don’t be greedy. I counteroffered for $500, which was declined.
Sedo will sell your domain on a commission-based schedule…not much different from other domain brokers. So, on the $60 offer, I would have actually made $54 considering that by simply parking my domains, I’ve already recouped all of the expenses associated with buying the domains by parking them for free with Sedo. Anyway, for most non-foreign domains the commission is 10% when you park your domain with Sedo. Gregg Hawkins wrote an excellent article about how to park your domains with Sedo. Check it out.
Buying domains can be highly-speculative, but if you stay on top of those domains changing hands, or of new trends and new sites, you can really benefit from investing in online real estate. About half of my domains are typos, and those are also my most profitable with regard to domain parking. Sadly enough, my menshealth[dot]com typos were getting more pageviews than Derrich.com in its first two months of existence. But after a few push-ups and crunches, Derrich.com prevailed.
Get In On This Trend
The growth in domain values for CO.UK domains has surpassed that of .COM domains for the first time. According to an article written in DomainNews.com,
Annual statistics for 2006 compiled by domain marketplace Sedo and DNJournal, the domain industry trade magazine, reveal a surge of 153% in the value of all published .CO.UK domain sales worldwide, in comparison to a growth of 79% in 2005.
Well, that got me started looking. And I recently bought 7 new CO.UK domains, one of which was trialbyjury.co.uk. In 3 days, it had already received over 30 hits. The average is just under 9 hits a day right now. I also tried buying yourhealth.co.uk, but due to an error, the order was not processed. Anyway if you’re interested, catch the rest of the article at DomainNews.com about the growth in .CO.UK domains.
How To Catch The Next Trend
Recently, I’ve subscribed to the DomainNews.com and to the DNJournal.com newsletter. I also subscribe to the Sedo newsletter to stay on top of aftermarket domain sales. Sedo realized the greatest amount of market share for aftermarket domain sales for 2006.
Feel free to add your suggestions to get the latest domain news.
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March 28th, 2007 at 6:53 am
Thanks for the story. I’ve had similar offers that I wasn’t happy with. I typically don’t sell if I don’t get the price I’m looking for. Every once in a while you’ll get an offer that is where you want it! Later.
March 28th, 2007 at 7:24 am
Derrich! I just got into buying and reselling domains recently, pretty wild industry man. I have a few sites parked, but I also enjoy trying to develop them (though nothing has panned out nearly as successful as an actual site). Thanks for the links at the end, I will be subscribing here shortly!
March 28th, 2007 at 10:04 am
I think I have 10 domains and 8 of them are inactive. What is wrong with me? I’m addicted to buying domains.
March 28th, 2007 at 10:07 am
I know…me too. Maybe we should get a 12-step program going.
March 28th, 2007 at 12:31 pm
I’m not sure, but with sedo can’t you also have it show on your parked template the minimum offer you want? I might be wrong though..
I’ll have to look into co.uk names and see what they’re worth
Thanks for the heads up
March 28th, 2007 at 7:00 pm
I own 50+ domains myself but I try to add generic .coms. I recently bought overmatched.com and coleus.com and coneflower.com. I also own some typos to generate revenue like pixsar.com and ziollow.com (makes $2 a day) I grow plants for a living so I have been buying up generic plant name .com to build a online plant empire. I own nurserycatalog.com and illinoisgardener.com It WILL make you money in the long run. I recently sold a generic plant name for 10K which has financed my recent acquisitions. Great article. Don’t like the ads so much but as long as you make money it doesn’t bother me.
March 28th, 2007 at 10:35 pm
Aw c’mon, Shane! I gotta each too.
March 29th, 2007 at 2:22 pm
nice, that’s some good stats.
March 28th, 2007 at 8:13 pm
I’m sitting on a few that in my mind are great domains, but I have every intention of developing them.
March 28th, 2007 at 9:16 pm
I think the best domain names are 2 syllable names like Goo gle or Ya hoo…..
Too bad names like those are hard to find anymore. Wait a minute… de rich …wow that’s worth millions!
March 28th, 2007 at 10:36 pm
Hopefully one day…maybe.
March 28th, 2007 at 9:34 pm
Interesting. For me, I’m tapping into the IDN market, and making off names in these fields. Parking from IDN form quite a nice bit of income for me too.
March 28th, 2007 at 10:36 pm
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April 13th, 2007 at 6:11 am
interesting kind of business. however, how about if no one do not buy your domain. what will you do?
July 28th, 2007 at 5:36 pm
I find Sedo is great for European traffic but It doesn’t do as well for domains with mostly US Traffic.