Hi. My name is Shannon. I’m a domain hoarder.
I’ve been investing in domains for a decade now, with my first purchase in 2001. Yesterday I offloaded a large number of domains I own. I realized that I have a problem. I’m a domain hoarder and it’s a very expensive habit. I’m a creative person and I’ll wake up some mornings with a fabulous idea, so the first step towards implementing that idea for me is to buy the domain before someone else does. The problem is, there isn’t enough time in the day for me to act on all these fabulous ideas.
Ideas can be expensive, especially when they are so good they’re successful ideas. That old saying “It takes money to make money” sure is true. A domain may only cost $10 to register, but then you have hosting costs. Now you’re in it for $100. Add to that your website/blog design, logo, and you’ll have invested a minimum of $500 or even up to $20,000 — depending on the designer or company you hire to help you build your great idea. And we haven’t even started on the legalities of all this and the registrations you’ll have to make on a local and national level. Sure, you can cut corners and do most of the work yourself, but remember that your time is money also.
At last count, I owned 124 domains. At $10 per year for each one, plus any extra expenses for the development or maintenance, I’ve decided that I’d rather spend most of that money on taking another trip or redecorating my living room.
It’s almost like cleaning out a closet, and it feels good.
Are you a domain hoarder? What’s the favorite domain name that you own? Have you ever made a successful domain name sale?