Domain Renewals: The Silent Killer

If you are buying domains and you say to yourself that you will hold it for a year and then decide to renew, you are buying the WRONG ones.
Rick Schwartz

One of the great joys of domaining is waking up and seeing the words, Your Domain Has Sold!, in your inbox. There’s nothing better than earning several hundred, or even several thousand, dollars while we’re sleeping. But there’s another, more insidious, process that also occurs while we sleep. It’s the silent cancer that eats away at the money in our pocket and it’s called, domain renewals.

Every day the clock is ticking on the hundreds (or thousands) of domains we own. Renewal fees come due night after night. For every thousand domains in our portfolio the annual renewal cost is about $8,000 per year. That’s $666 per month or about $22 a day. Yikes!

With numbers like that we’ve gotta be careful and make sure our portfolio is a clean, lean selling machine with no dead weight. Otherwise renewal costs will eat our profits faster than an African tapeworm. So how do we avoid that?
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Why I am breaking up with GoDaddy and moving to Uniregistry

Unless you have been living under a rock for the past year you’ve probably seen an ad or two for Uniregistry, a new registrar that was built for domainers. Yep, a registrar build specifically for us. But despite sponsoring just about every domaining publication out there I haven’t read many reviews from actual domain name investors that really made the switch to the “registrar for professionals” except for Abdul Basit.

As I don’t mind change and it was time to start consolidating my portfolio anyway, I decided to open an account, move 10% of my portfolio as a test and see if they could live up to their marketing promises.

I am one month in and I have decided to move my entire portfolio. Here’s why:  (more…)

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