In a previous posting, I pondered What To Do With My 9000 Domain Names?. It has been 6 months since I wrote that, so I though I would give my readers an update:
1. Yesterday I sold a package of 4000 of my domains for $1.3 million. These domains were all parked (i had no plans to ever develop them) and made $1500/month total, which was significantly less than the $2800/month in registration fees, so that was my main motivation for selling. I did make an additional $50,000-$100,000/year from selling 15-20 of these domains a year, and $1.3 million was a lot less than I was hoping to get from selling them all, but since I was never going to do much with them, where was really no upside for me to keep them.
2. Aside from the big sale I made yesterday, I have sold around 50 other domains for $500,000 total over the past 6 months. This is double the number I usually sell, because I have been trying to make more deals, especially for domains that are making no money for me.
3. I switched almost all of my domains from being parked to having actual content on them. An example one of these sites is buywine.com.
They are still a work in progress, and soon I will add a lot more content and make them look nicer, but I at least wanted to get them all launched as soon as I could. Right now they are making about the same as when I had them parked, but over time search engine traffic should go up, which will increase income significantly.
4. My 350 florist related sites that I launched, as listed at FindFlorists.com, are now making enough to pay the $3000/year in domain registration fees, whereas before they were losing money. Hopefully over time they will get listed better in the search engines and I will make a profit on them, but as long as I at least break even I am fine with it.
5. I have not developed any more “big” sites, like I had listed in my plans, but that is mainly because I have been focusing on the various things listed above. Also, I have been working on adding to and fixing bugs on a bunch of my existing sites. Over the rest of this year I plan to actually create some good new sites.
So, overall I am happy with my progress in the past 6 months. I still have not solved the problem of how to make a profit from my remaining 5000 domains, but now that I have basic sites setup on them there is a good chance income will grow over time, plus I can play around with different ads and different site formats and different SEO strategies to try to optimize the sites, so at least instead of sitting on the bench I am now in the game.