I’ve almost 20-30 domain names registered under three different accounts. Whenever, I have any idea in my mind, I just look for the domain name and if it is available, I register it. While the high number of domain names are registered with GoDaddy, the BigRock stands second (I’ve two accounts at GoDaddy). Whenever I login into the domain dashboard, I get a feeling of what should I do with them?
The thing is when I purchased these domains, I had a clear idea of what I’ll be building around this domain, however I failed managing proper time to develop them.
For example, I’ve this nice little domain name – Indilancer.com and I plan to start a website which will connect Indian authors across the country. Well, the plan is good but I’m finding it hard to manage my time. In fact, the recently article which I wrote was about how to calculate blog’s worth and that too was written about 6 days ago. As an engineering student who is in the final year, I’m hardly finding any time to manage some of my on-going blogs and this has restricted me in putting my time on other domains.
If this is exactly the situation that you’re facing then let’s see how both of us can tackle it. Off course, the situation here is not about finding time but it is about what I should be doing with these domains?
There are two straight forward answers.
- Drop/Sell them off.
- Work on them.
I’ve too many domain names. So, dropping a domain name is good idea?
I know you’ve invested some amount in buying these domains (because I too have invested) and it’s really tough to see them going away from you. Especially, when you had certain plans about them and just because you don’t have enough time now, you’re left with very few options.
That’s when you’ll have to make your wise choice.
If you think that someone from your friend list can use the domain effectively to build it according to your plans, you can either pay them to do so or you can sell the domain itself.
There is nothing wrong in giving up on domain name when it comes to managing your own schedules. There is one saying in India – In order to get something that you desire, you’ll have to let go few things.
The factors that can influence your decision here are –
How much free time do you currently have? Do you think you can invest that time in building or developing something around that domain name? Is it worth investing your time? Or do you really think that after one year, you’re going to start this project?
If you know the answers to these questions, you definitely know what to do.
The time when we think about these domains is when the expiry date is near. That’s when you need to think wisely to invest more amount of money in renewing it. That’s where you can think twice.
Work on them!
This is probably the only option that you’ve if you’re not going to sell the domains. All you’ve to do is make a schedule of your timing, find how much time you can spend on these domain names and work accordingly.
As I mentioned earlier, you can keep the domain parked for first six months to get the idea and time going but after the first six months, you should immediately start working on them.
For instance, the domain names which are purchased for building a blog around them can easily be started. All you’ll have to do is spend at least 30-45 minutes in writing a blog post. Off course, the time varies according to the each category, the aim here is to post one article in a day or two.
So, how many domain names you own? Are you planning to start working on them or you’re thinking of selling them off when the time is right? Share your thoughts with me.
As for me, I’m planning to start few projects on the domain names such as the one that I mentioned earlier (indilancer.com). I’ll be letting few domains off by either not renewing them or by selling them to the other needy bloggers.