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Patrick
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Location: Harbinger, NC, U.S.A.
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Keith
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Joined: 28 Jan 2004
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Location: Dublin, Ireland
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Keith
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Patrick
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Joined: 08 Feb 2003
Posts: 1543
Location: Harbinger, NC, U.S.A.
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 Posted: 12/7/2006, 4:02 pm Post subject: |
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Every domain I buy, I buy to develop or to redirect to a current site or a site that I plan to develop. So, it is my plan to use every domain name. For me, in use would be if the domain name is being used for a current site or if my plan for the domain name was to redirect it and it is redirecting to a current site. Using that metric, I have 145 domains not in use (and 67 in use). That is 212 because I just bought another one, a .com just now. This probably includes domains for a few older ventures that I have taken down, as well. And a lot of them are derivatives on yet to be launched ideas, different spellings, etc.
For example, I own devcube.com, developercube.com and developercubeforums.com (the last two I acquired when I acquired this site, the first I picked up later since it was what some people were calling it and it makes sense). I also own ifroggy.com, ifroggy.net, ifroggy.org, ifroggy.us, eyefroggy.com, i-froggy.com and ifroggynetwork.com.  I'm sure it seems silly to some, but when you have a brand that you have spent so much time on and put so much into, for me, it's worth it to protect it.
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Keith
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Joined: 28 Jan 2004
Posts: 435
Location: Dublin, Ireland
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| Posted: 12/7/2006, 4:32 pm Post subject: |
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I understand you buying domains to protect your brand, but I don't understand how someone wants to keep domains and not develop them. Have you ever tried working out how much it's cost you to renew domains that aren't doing anything?
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Patrick
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Joined: 08 Feb 2003
Posts: 1543
Location: Harbinger, NC, U.S.A.
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| Posted: 12/7/2006, 7:47 pm Post subject: |
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Like I said, I do plan to develop/use every domain I buy. I don't buy any domains I don't plan to develop/use and if I ever change my mind on an idea and decide I don't want to do the idea, I sell the domain name or, more often, just let it expire. But, yes, I have. You can calulate it from that list, actually. Excluding acquisitions from third parties (which I did a bunch of this year), and assuming I renew every one, 212 x $6.95. So, that would be $1,473.40. So, if you then take that 145 number I gave, you would get $1,007.75. I'm not gonna renew every one, but probably nearly all. It's a lot of money, yes... but at the same time, it isn't. I don't have a ton of expenses. Primarily domain names and hosting. Then again, I'm really into domain names, personally, so the expense is well worth it for me. I believe that having a great domain name - or the best domain name - can do a lot for a site, both promotion and perception wise and, besides, I'm just into domain names in general. Having a cool domain makes me happy. lol  I'm all about what makes you happy.
My thought process is that when I have a good idea for a site, I should register or acquire a domain for it, rather than waiting and having someone else take a good domain or, potentially, the best domain name for such a site. The cost of registering/renewing a domain name is so small ($6.95 a year), that there is little investment/risk involved in doing so. I consider domain names similar to real estate - they generally only appreciate. I can either reserve my idea now or pay more for it later.
As an example, I registered phpforums.com a few years ago. It had expired. I liked the idea of a PHP community, an idea I still plan to persue. So, I registered it. I believe that it is the best domain name for a PHP community. If I hadn't registered it, it would have definitely been gone by now. Long gone. If I were to put it up for sale, I'd expect a few thousand dollars, at least. It's cost me $30-40 to keep for 3-4 years. So, you could say I've actually saved money and/or saved having to compromise on a lesser domain name, since it's all downhill from there.
But, like I said, I'm personally into domain names. Not everyone is.
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Truestar
Joined: 16 Dec 2005
Posts: 27
Location: United States
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| Posted: 12/18/2006, 1:29 am Post subject: |
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Hmmm, I see your philosophy. Unfortunately I can't get a job yet so I still have to suck up to my parents for domain names. 
I share a similar view, if you come up with an idea, want to develop it, and see the right domain: buy it. I'd rather "waste" money renewing it for 3 years before I get to it, than wait a few months to see it taken.
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bermuda
Joined: 15 Oct 2007
Posts: 11
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| Posted: 11/13/2007, 10:09 am Post subject: |
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| Hey Patrick, I wonder how many hours you can sleep per night! Do you handle all those domains by yourself? |
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Patrick
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Location: Harbinger, NC, U.S.A.
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Brandon
Joined: 21 Feb 2008
Posts: 17
Location: USA
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| Posted: 2/22/2008, 11:33 am Post subject: |
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10-12 Hours of sleep for me.
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