Since the middle of the Summer, things have been running smoothly for my business. While sales have been solid, it remains difficult to find deals on private acquisitions. Auction prices remain higher than I would like, and I have been more actively buying pending delete domain names as a result. For my business, maintaining the status quo is probably the right move, but it is difficult for me.

This afternoon, I went in to my Network Solutions account to unlock a domain name and request an authorization code. While there, I noticed MadeInFlorida.com had the NS1.PENDINGRENEWALDELETION.COM NS2.PENDINGRENEWALDELETION.COM nameservers the company uses when a domain name is expired. I won MadeInFlorida.com in August at NameJet.

I thought perhaps this was my issue and I had not updated the nameservers. It is rare, but sometimes this type of thing happens if I was busy when the name was provisioned to my account. I went to change the nameservers, and I got this error message when I attempted to change the nameservers: “The selected domain name is expired and must be renewed before you can make this change.“

Drew Wash posted a question on Twitter that I think is worth discussing further. Drew asked what domain name in your portfolio you would love to develop, your current asking price, and how much it would need to earn monthly that you wouldn’t opt to sell the domain name for 10x the asking price.

Drew shared that his domain name is WeddingPhotos.com, which currently has an asking price of $48,000:

1. Share a great domain you'd love to develop.

2. Share what you'd sell it for now (optional)

3. Share how much it would need to make per month before you would not sell it for 10 times your current asking price.

Mine is…#Domain #Development #Startup

— Drew Wash (@drewwash) October 29, 2020

If I were to choose one of my domain names to develop it would be Travels.com. The asking price is very high so I won’t bother posting it here, but I would love to build a travel related website on Travels.com and share reviews and thoughts from around the world.

This would be the type of website that is built without a revenue model in place but eventually gains traction and followers, and that would allow me to figure out how to monetize it. If I started earning $5,000 a month, the price would be substantially higher if I was even willing to sell it at that point.

How about you?

TrumpTowerMoscow.com is a domain name that has been owned by The Trump Organization since 2008. From what I can tell using Screenshots.com, the domain name has not been used for an active website in that time, and instead, the domain name has either had nothing resolve or had the default GoDaddy landing page.

A few days ago, Salon published an article about the renewal of the TrumpTowerMoscow.com domain name, Trump Organization renewed the TrumpTowerMoscow.com domain name — this year:

When it comes to an online business, everything revolves around the domain name. Think of a bicycle wheel for a moment. All of the spokes radiate from the hub in the center of the wheel. Likewise, the various aspects of running a business start with the domain name as the hub.

Earlier this morning, Rick Schwartz shared some thoughts about how the domain name is the hub for a business: