What I Learned About Domaining from Marcus Lemonis (The Profit)

I was watching The Profit the other night and it was the episode where the guy was running a car dealership, yet he had no good inventory. What he had was not what people wanted, and as a result, it was old inventory. Marcus told him he had to slash prices, and even perhaps take a loss to stop the monthly losses from the dealership and find some new cash to buy inventory that the market actually wanted.

Today as I looked at my domain portfolio, I realized that I have a problem. I have lots of inventory.  I have old inventory. I have domains that I thought should bring more money than the offers they were getting. I have domains that I have paid too much for and other that I have spent too much developing.  I even have several domains where I have turned down offers that I would welcome today.

What I Learned

  • Sometimes it’s better to have cashflow than an “asset”, even if it means taking a loss. According to Robert Kiyosaki, it’s not an asset if it doesn’t make money any how.
  • If I sell a domain name for less than what I am asking I am not really taking a loss because I already took the loss.
  • It feels good to move inventory.

Domains are Online Real Estate
Realizing that domains are simply a form of online real estate, I know that “price cures everything” so I decided I would liquidate a handful of project domains and dormant domains.

So thanks to Marcus Lemonis (“The Profit”) here is my list of domain names that I am liquidating. Feel free to share the list with anyone who might want a quality domain name. Many of these are seasoned, some have websites attached to them, and some used to be very profitable businesses.

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