Home Blog Page 150

Some Thoughts About 2023

As the year winds down, I have been thinking about what to expect for the upcoming year. I am hopeful that it will be a good year, but I would not be surprised if the business of domain investing is more challenging than the past several years.

It seems like economists and pundits believe we are either in a recession or going to be in a long one soon. I have been preparing my business for one as best as I can. I’ve been more apt to accept decent offers on inventory, and I have been spending less money on auctions and acquisitions. I would not be surprised to see domain auctions impacted by spending cuts at some point in 2023.

How I Am Preparing for the New Year

Less than a week remains in 2022. This is generally a quiet week in terms of domain name sales, so I tend to spend my working time on some end of year tasks. Here’s what I am working on this week…

Throughout the past year, I have won many domain names in auctions that ended up my accounts at different domain registrars. I have been unlocking these domain names and transferring them to my primary holding account. Having a primary account tends to make it easier to keep track of my domain names.

Squadhelp Introduces AI Business Name Generator

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 cited a number of domain investors who shared the output of their ChatGPT queries on Twitter.

One area that wasn’t touched upon was how AI could be used to help people find brand names for their businesses. This morning, Squadhelp announced that it introduced an AI-based business name generation tool powered by GPT-3. The news was shared on Squadhelp’s Twitter page:

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, I always want to win. This competitive drive often shows itself when I am negotiating to buy or sell a domain name. Like when I am playing boys against girls soccer with my family, sometimes it’s better to lose the competitive spirit for the betterment of all.

I regularly find myself in domain name negotiations where a gap exists between the price I’ve set and the “max” price a buyer has in mind. If the gulf is far too great, it’s easy to wish the prospect well and move on to other things. When the gap is more narrow, it sometimes comes down to who gives up first.

LiveChat to Rebrand as Text

This morning in my DomainTools Domain Monitor alert email, I saw that Text.com transferred from Namecheap to GoDaddy under Whois privacy. Text.com had been owned by Brent Oxley, and while he confirmed the sale, he could not comment further. There’s a brand new website on Text.com, but the Whois record and landing page didn’t shed much light onto who acquired the domain name.

Shortly after mentioning the sale on Twitter, I saw that the Investor Relations Twitter account of LiveChat tweeted about Text.com:

Earning Revenue After Domain Names Sold

A couple of years ago, I moved many of my inventory-quality domain names off parked pages in favor of for sale landing pages. I would guess less than 10% of my domain names utilize pages with PPC links on them. I was looking at my revenue report and noticed several previously-sold domain names continue to earn revenue after being sold.

Almost one year ago to the day, I sold a domain name for $2,999 via Afternic. The buyer did not change the nameservers, and it is still parked with PPC links. In the last year, the domain name earned $33.96 in revenue.