Domain Magnate

Update: March 5, 2009 – I have just use this codeto renew and bunch of domains and it still works. If .com is what you’re after you don’t need any other godaddy codes!

I was just renewing some domains at godaddy and as usually had to do a little research to find the best coupon codes. People like to post large lists of codes, where most are expired, or simply don’t work and you have to check each of them to see which saves you the most money. Especially now with the recession in full speed domainers try to save every penny on the costly renewals.

So to make it simple, I’ll just list one code I used:

yhkw105a  – dot com  renewals and new registrations at $6.99 (+ $0.20 ICANN fee) – the cheapest price currently available at godaddy.

In related news, Godaddy’s market share in domain registrations is 26.7%, compared to eNom’s 8.3%, Moniker 2.6% and Fabulous only 1.2%. A Godaddy monopoly, when it comes, will definitely not be a good thing for domainers here..

Despite the recession in US economy and a certain amount of uncertainty in the domaining market July 08 have been pretty good for me. I had around $50k in sales, with over 2/3 of it being profit. While most sales were private and the buyers preferred to keep them confidential, couple of the top sales are through public auctions so I can mention them here:

Dickinson.com $12K on Bido
Krom.com $5,5k through AfterNic
Harlot.com $5145 on Bido (I owned 50% of this one)

I rarely disclose my earnings and report sales, however I feel this is needed to encourage others to see the hidden opportunities in domaining. What I like most about the industry are the large gaps. Appraisals always range widely and so do auctions and sales, it’s not unusual to see domains being resold for 2x and more shortly after. read more »

Justin Godfrey, known as Rockefeller on dnf, recently posted about his sale of 92 LLL.com’s for $598K:

I just finished up a deal where I sold 92 LLL .coms for just about 600k, probably could’ve got more since it was only 6.5k each, but it’s nice to see people are spending freely again!

I suppose the LLL.com’s were of lower quality so this sounds like a good deal. It’s indeed good to see that there is healthy demand for the names in such quantities. The buyers are out there and ready to invest and spend money on quality domains! It’s the lower quality domains that are “in recession”, good generics and 2-3 letter .com’s are always in demand.

Myself I don’t own any LLL.com and never have. I always thought they were overpriced and not a good investment. They can’t be developed, they are too expensive for most end users and during the last half a year it’s unclear if the prices are going up or rather dropped.

So I’d much rather buy geo or generic domains.