10 End of Year Checklist Tips

2011 is coming to a close, and while there are a lot of distractions, I think there are some important pieces of business to tend to before you close out the year.  Here are some of the things I am trying to accomplish before the new year. If you have anything to add, please do so.

  • Renew your .com and .net domain names. Prices are increasing in 2012 no matter which registrar you use, so if there are domain names you know you’ll want to renew, now is the time to do it.
  • Buy your office supplies, office products, computers, office furniture, and other needs so you can take the write offs in 2011.
  • Visit aftermarket brokerages like Sedo and Afternic to update your domain sales list. Make sure the list is accurate, add new domain names, and remove sold domain names. Update your pricing to reflect current market conditions.
  • Visit your parking company websites to ensure that your domain names are well targeted. Check the DNS of your domain names, especially names you won at auction, to be sure you properly changed the DNS and they are all resolving as they should.
  • Schedule a call with your tax accountant ASAP to see if there are any things you can do in 2011 to maximize your tax deductions and write offs before it’s too late.
  • Update your record books. Finalize your records now to include all purchases, sales, expenses, and other important information. It’s much easier to do the update when everything is fresh in your mind rather than in a few months from now when you start doing your taxes.
  • Review your goals for 2011 that you set at the end of 2010 to see how you did. Think about things you’ve learned in 2011 to come up with a game plan for 2012.
  • Put together a budget / P&L estimate for 2012.
  • Update your footers to 2012 and make sure the forms, capatcha codes, and outgoing website links on your developed websites are all functioning properly.
  • Pay in advance for subscriptions like e-fax, newsletter subscription, email provider, and other monthly renewals.
Elliot Silver
Elliot Silver
About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has closed eight figures in deals. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest. Reach out to Elliot: Twitter | Facebook | LinkedIn

12 COMMENTS

  1. Regarding point # 9, better yet, use PHP (or whatever scripting language you’d prefer) to echo/print the present year. If you’re going to go through the trouble of updating every site/footer, you might as well make it worth your while so that you won’t have to do it ever again. Work smarter, not harder. 🙂

  2. Prices are increasing in 2012 no matter which registrar you use, – what determines domain registration, reneval cost? are there maximum prices which are corrected each year?

Leave a Reply

Recent Posts

Fox.org UDRP Decision is Upsetting

0
Last night, I saw that WIPO had posted an update regarding the Fox.org UDRP. Fox.org is a domain name registered in 1996, and I...

CEO of NFT.com Shares Domain Name Acquisition Learnings

0
Jordan Fried is the owner of some exceptional domain names. A few of the domain names he owns include NFT.com, PuertoRico.com, and Fried.com. This...

Taking a Blog Break

45
I have been writing articles on my blog since 2007. I have been fortunate to have the advertising support of many domain industry companies...

Some Thoughts About 2023

3
As the year winds down, I have been thinking about what to expect for the upcoming year. I am hopeful that it will be...

How I Am Preparing for the New Year

4
Less than a week remains in 2022. This is generally a quiet week in terms of domain name sales, so I tend to spend...