Should I Continue to Invest in This Domain Name? Is That a Thing? (Was It Ever?)

I’ve been planning to GET RICH QUICK by launching a website for, oh, ages. (Also: THIS DOES NOT HAPPEN, FYI.) (LIKE, NOT EVEN IN THE SMALLEST TINIEST BIT.) (FACEBOOK WAS JUST THIS WEIRD THING THAT HAPPENED, TOTAL ANOMALY.) (ALSO, IT WAS A THING AND NOT A BLOG, BUT LET’S NOT GET CAUGHT UP IN SEMANTICS.)

Anyway: This is one of the many domain names I own and that I now need to make a decision about! I believe this one was purchased during a moment when I thought: “I know, I’ll start a website about helping people and monetize it somehow, and even if I don’t end up doing that, this is such a brilliant URL that someone will surely approach me at some point and buy it.” The “monetize it somehow” part is really the crux of the thing. Also the “starting the website.” Also the certainty that this is worth something.

Really, the easiest part of the whole process is buying the domain name. I was going to just leave it and see what happened (would it auto-renew? Would it auto-cancel? Suspense!) but I just realized that it’s probably connected to one of my credit cards, so I’m logging in right now and getting rid of this thing. (I’ll never let go of FUNDSIES.com though. NEVER.) (But I will switch its auto-renew to my debit card.)

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5 Comments / Post A Comment

IMO: Don’t ever buy a domain name if you’re not ready to start a project right that second, and probably don’t even buy one unless you’ve ALREADY started with like a free blog/whatever somewhere else first to prove you’ll actually do it. You can make just about any domain name work, so it’s not worth the money.

I’ve gone through this, although I ALSO got a 3-year hosting contract when I signed up for it which, SURPRISE, didn’t say it was charged IN FULL UP-FRONT and not MONTHLY until the actual post-purchase confirmation page. So, yeah, THANKS FOR THAT, BlueHost.

cc (#1,069)

don’t think you should.
domain squatting was a thing in the 90′s, most of the money has been made. the remaining squatters have the mindset of the 90s, and trying to buy a domain from them is frustrating and laughable. unless you have something like sexybabes.com, no one’s going to fork over 20k (had this happen, how did he think he was going to make money?? im sure i was the only one who had ever called about it… hmm).
in any case, netiquette wise, domain squatting is rude. it’s passable if it’s yourname.com and you’re working on the website, but otherwise, sitting on it for years and years just makes the hosting company rich.

note: if you want to use it in the future, keep it. i’ve had a few cutesey domains that i let go cause i wasn’t using them, they’re all squatted on now. so if you think you’re going to use it, go ahead, if not, give it to the squatters to pay rent on.

acid burn (#113)

@cc It’s true, people don’t want to pay ANYTHING for domains. Somebody once contacted me trying to buy the domain where I have my personal website, but they balked when I asked for $500. It’s not like I’m making money on it (it just has my resume and some portfolio-like stuff), but on the other hand I have had it for some years and if I’m going to put in the effort to move, I’d like to get SOMETHING for my troubles.

NoReally (#45)

The idea that all you need is a great URL is long gone. If you start something really cool, the address isn’t what will make it happen. Ditto the idea that someone who really, really wants exactly what you have is going to pay you a huge amount for it. Back in the day some dude grabbed woman.com and tried to sell it to a bunch of different people for exactly one million dollars. Ten seconds ago, it was still one of those clip art dead ends. He’s probably still paying for it. Dumb.

Mirch (#228)

i have an idea for a website. you could let me have it, or hit me up for said idea and we’ll both be rich! rich as michael dangs! how much are you paying for it?

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