Beans

I get messages from the stars

[Beans @beans]

:)

[Beans @beans]

Surround yourself with people who offer objective, yet positive feedback. It is the only way to sustain constant progress without experiencing burnout, breakdowns, or relying on stimulants for temporary artificial energy.

[Beans @beans]

After watching some of the GoDaddy Domain DREAM Academy episodes, I decided to do this challenge on my own as a person with no past experience in the domain industry.

I admit it has been very enjoyable so far as domaining seems to really improve your neuroplasticity by making you analyse domain names with completely different application/industry type and etc.

I applied the following rules to my challenge:

Strict 500$ budget (without being able to reinvest the profits)

One hour per day maximum allowance to see how far a normal person could go without sacrificing much of their day.

I was actively analysing and acquiring for roughly 45 days, after which period I completely stopped putting effort (had final exams to prepare for - got the highest grade possible on both of them - 6.00 which placed me among the top 200 students in the country - out of over 53000 😊).

Regarding Acquisition and Sourcing
In total I spent 463$ across 32 names.

All of the names were either hand regged, drop regged (manually) or back ordered, hence my AAP is 14.5$. I did participate in some auctions but with a budget like this it is very difficult to get your hands on anything. Another concern of mine was overpaying, since auctions often rely on emotions and impulsive decisions.

Performance & Sales Stats

The average age of each domain name in my portfolio is exactly 150.5 days (~5 months).

I have realised 4 sales so far, amounting to a total of 2129$ in gross revenue and 1884$ in net revenue.

The distribution platforms that I use are just Afternic and Spaceship, which are connected to the registrars that have the biggest market share and web traffic.

Except for relying on searches and inbound leads, I did very minor outbounding (sub 50 emails sent and I believe that brought me 2 of the sales).

So far my STR is 12.5% which would have been lower if I had priced them all in the low 4 figure range, but my main priority was liquidity (annualised would be 30% which does seem quite unrealistic 🤣).

The remaining 28 unsold domain names still have an average of 7 months left before renewal. Assuming a wholesale value proportional to the acquisition price based on time remaining, the remaining portfolio holds an estimated $236.83 in residual face value.

Regarding the customer base and TLD stats

I assume that all of the domains were purchased by end users, as 3 of them have been utilised and have a functional website hosted on them.

The average tlds of a sold domain name (including .com) according to @dotdb are 4 with the following breakdown for each domain name respectively:

2 tlds

2 tlds

3 tlds

8 tlds

Interestingly enough, I used to double check the names with AI and the two of the names that actually sold were missed in the analysis (or were classified as non-worthy). I had simply bought them because I liked the names and wanted to develop them myself.

I guess sometimes self conviction helps

That’s from me for now, thank you for reading!

#Domains #DomainInvesting #Afternic #Spaceship #DomainNames #DomainNameInvesting

[Beans @beans]

@KenLin1985 Great domain hack, Ken!
Keep going on that building spree, you've positively influenced a lot of people to pivot in the same direction