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.
— 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?