Domain Investing Things I Am Doing Before the Year Ends

The last week before the year ends is always a mad dash for me. I typically do some traveling, and that means I need to stay on top of my business needs more than usual so I don’t forget to tie up loose ends before the calendar year changes.

I thought I would put together a list of some things I am doing before the year comes to an end. If there is anything I missed that you think is important, I invite you to share in the comment section:

  • Pay for domain name renewals into the new year.
  • Evaluate my technology and office equipment to see what needs to be upgraded while companies typically offer their best deals of the year after the Christmas rush.
  • Go through my domain name portfolio and decide what domains should have auto-renew turned “off.” Also check to make sure domain names I want to keep have auto-renew enabled.
  • Look through my credit card statements to ensure I did not miss any expenses in my accounting software.
  • Look through my GoDaddy Auctions and NameJet auctions reports to ensure I received all of the domain names I won or had a refund for them. Ensure these domain names are all correctly parked or forwarding correctly.
  • File corporate annual reports that can be filed in advance – and/or make sure everything is up to date.
  • Re-visit old offers and inbound inquiries to see if any counterparties are interested in working out a deal. Some companies have money to spend before the end of the year and some people would love to close out the year with a nice sale.
  • Set up my files for the new year.

I have found that the end of the year is typically slow in terms of inbound offers and deals. This gives me time to focus on closing out my books and ensuring that my business is ready to start the new year on good footing.

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

Leave a Reply

Recent Posts

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...

Squadhelp Introduces AI Business Name Generator

0
Earlier this month when OpenAI's ChatGPT chatbot was trending, I discussed some of the ways artificial intelligence (AI) could be used for domain investing....

I Don’t Always Have to Win

1
I am a highly competitive person. Whether I am playing a tennis match against a friend or playing a board game with my family,...