DomainSherpa Review – December 5, 2024 – Cold Turkey
Dec 6, 2024
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This lively discussion dives into the art of valuing domain names, where hosts engage in The Domain Game, guessing sale prices for intriguing domains like BusinessJets.com and Kale.org. They share insights on upcoming auctions and review unique domains like SongSearch.com. Expect playful banter about post-Thanksgiving feasts and the humorous importance of spermidine. Plus, there’s chatter on conference plans and year-end financial strategies for domain investors, ensuring a blend of humor, market insight, and light-hearted rivalry.
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Quick takeaways
The Domain Game showcased successful sales and evaluations of notable domains, illustrating the profitable potential within the domain investment market.
Upcoming domain conferences like the Domainer Expo and NamesCon are highlighted as essential networking opportunities, fostering collaboration among domain investors.
A focus on year-end financial strategies emphasizes the importance of timely decisions for maximizing tax benefits and effectively managing domain portfolios.
Deep dives
Domain Game Highlights
The episode features an engaging domain game where participants Amar, Braden, and Drew share recent buys and sells, turning the conversation into an interactive guessing game on the value of notable domain names. For instance, Braden successfully sold businessjets.com for $32,000 after having purchased it for only $3,000 three years earlier. This sale showcases the profitable potential of domain investments, as Braden notes he had never received inquiries despite the initial price tag. Drew also participated by selling endo.io for $10,000, demonstrating the steady returns that can be achieved in the domain market.
Upcoming Domain Conferences
The hosts discuss upcoming domain conferences, namely the Domainer Expo in Las Vegas and the ICA annual meeting scheduled for January. They express enthusiasm over NamesCon moving to Miami in November 2025, signaling a pivotal change in the domain conference landscape. The conversation emphasizes the value these events offer in networking and learning, providing a platform for domain investors to share insights and experiences. The excitement indicates a communal anticipation for these gatherings as opportunities for growth and collaboration within the domain industry.
Domain Auction Insights
The discussion turns to an overview of domains approaching auction, with insights into the potential value of names like PurpleMoose.com, SleepSmart.com, and Flip.org. Amar expresses a preference for SleepSmart, as it appears to resonate well in today's market with a potential buyer base. They underline the importance of understanding market demand and buyer psychology when valuing a domain name, indicating that even less conventional names can attract interest if marketed correctly. The consensus is that buying low and understanding the specific domain market could yield substantial returns.
Current Trends with Domain Extensions
A discussion on different domain extensions emerges, particularly focusing on the growing challenges regarding .io domains as carry costs rise, leading investors to reconsider their holdings. Amar shares that he may be selling some less premium .io names to streamline his portfolio, reflecting a broader trend in the investment community aimed at optimizing domain assets. This leads to insights on how dot coms still hold the most value, but other TLDs can also gain traction based on their branding and marketability. Overall, the conversation showcases the dynamic nature of domain investments and the need for continual portfolio assessment.
Tax Considerations for Domain Investors
As the year-end approaches, the conversation shifts to crucial tax considerations relevant for domain investors looking to maximize their financial outcomes. The hosts discuss strategies for expiring domains and the benefits of purchasing gift cards to designated restaurants, which can serve as a useful tax deduction. They highlight the importance of making timely decisions related to renewing domains before potential price hikes in the new year. Overall, this segment underscores the necessity of strategic financial planning within domain investing, emphasizing that informed decisions can lead to substantial benefits in both tax savings and overall asset management.
What do successful domain name investors think when they value domain names?
In this show:
- The Sherpas play The Domain Game (starting at the 17:24 mark) where they guess what certain domains were bought and sold for by the Sherpas and discuss the reasons behind their evaluations. Today's domains are BusinessJets.com, ENDO.io, and Kale.org.
- They also review a list of domains about to come up for auction on NameJet.com, including SongSearch.com, PurpleMoose.com, SleepSmart.com, and Flip.org.
- The Sherpas also discuss some upcoming domain conferences and some good end-of-year practices for your domain portfolio.
- Also, DomainSherpa is now integrating with Muse.ai for episode transcripts and an AI-driven video player to easily look for topics, words, phrases, etc., and jump to the points in the video where they occur. Let us know your feedback!
- Plus, all DomainSherpa podcasts are now up on our YouTube channel at DS.tv and much more!
JT is joined by Drew, Ammar, and Braden - so be sure to tune in!!
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