domain investing

Earlier this year I wrote about my 4 year experience investing in .NYC domain names. I described my annual quest to reach the $15,000 mark, at which point the profits from my domain sales would equal my renewal costs. Since the launch of the .NYC domain extension back in October 2014 this had been a difficult, yet expected challenge. There were (and still are) so many great .nyc domain names that my domain portfolio swelled and still grows each year. There was also my additional investment in registering available domain names and in 2017 I snapped up about 50 premium .nyc domains as they became available (in a day I spent $12,000+ on those names). As with most investments, a return isn't made overnight. It takes time to bake! Many of the premium domains that I paid between $265 and $600 for did receive decent offers, I just felt they weren't at fully cooked prices. If I'd have accepted them, I may have broken even for the year but would definitely have left money…