Year-End Domain Investor Checklist

With the year coming to a close in a few days, I want to share a few things I have either done or plan to do before the clock strikes midnight on December 31. There is still some time to get things done before the books close on 2017, and I am taking advantage of the remaining few days to get some things done.

Here are 5 things to do before the year ends:

Renew domain names and transfer domain names – I am renewing domain names I know I plan to keep for a while, and I have also been transferring some domain names to other registrars to consolidate my holdings. This is also a good time to turn off auto-renew on domain names I don’t want to keep.

Buy office equipment and supplies – I wanted a new laptop for travel and decided on the new MacBook Pro. I don’t have a ton of office supply needs, but I ordered a few necessities. Depending on your business, it might make sense to buy these important items before the year ends.

Review aftermarket listings – The end of the year is a good time to make sure my listings on Afternic are accurate and the prices are still acceptable. Domain names that were either sold or expired should be removed from my account, and now is a good time to do that.

Update records I do my best to keep accurate records during the year. For those people who may not keep their records as updated as I do, now is a good time to take care of that. Be in touch with account managers to run renewal reports to ensure all expenses are accounted for before tax time.

Close outstanding deals – If you have any outstanding deals that could be closed, today may be the day to do it. If you want to add revenue for 2017 or even line up a deal for 2018, you can still have some flexibility today. Wire transfers can be sent for a few more hours if you want to bring on more revenue for this year.

You probably should have done this weeks ago, but maybe your accountant is in the office the Friday before the end of the year to answer client questions. If you haven’t yet touched base with your accountant to make sure everything you need to do is done, now would be a good time to do it. Like right now!

I invite you to share some of your year end checklist

Elliot Silver
Elliot Silver
About The Author: Elliot Silver is an Internet entrepreneur and publisher of Elliot is also the founder and President of Top Notch Domains, LLC, a company that has closed eight figures in deals. Please read the 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

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