Since domain names started to be registered as investments, there is one thing that has rung true. Some people will always register shit domain names that would never ever have been registered if it was not for their speculative purchases.
Through the years, I have seen portfolios that contain domain names that are awful. Every day, I see terrible domain names that should never have been registered in the first place, yet they were registered by someone more than 20 years ago. Every person has a different background and a different way of looking at things, and shitty domain registrations will happen no matter what the extension is.
Over the weekend, Shane Cultra asked people to share their best .XYZ or .GG domain name that they would sell for $1,000:
What’s the best dot Xyz or dot gg that you would sell for $1000 today? Feel free to judge everyone’s name with with a thumbs up or thumbs down. pic.twitter.com/kO8EfEm0Eu
— Sugar Shane Cultra 🐝 🐺 (@ShaneCultra) January 9, 2022
There were dozens of replies and many domain names were shared. Mind you, many people who have bought .XYZ or .GG domain names for investment purposes would not be satisfied by selling them for $1,000. I certainly wouldn’t sell my .XYZ domain names for $1k because these are win big or lose trying lottery tickets for me. People who responded might feel the same way and only listed their worse names – who knows.
In looking through the names that were shared, there are a whole lot of terrible domain names that I wouldn’t take for free if given the chance. I wouldn’t want to accidentally renew them and I wouldn’t want to take a chance that the funk rubs off on my other names rendering them worthless.
Someone who read Shane’s tweet and the responses to it shared something I agreed with:
This thread explains why most people don’t make money domaining 😱
— WhenMoonSir (@WhenMoonSir3) January 9, 2022
In my opinion, an entire extension could be unregistered and available for investors to pick over, and you’ll have some people who would register good names and others would register domain names that make absolutely no sense. Of course, nonsensical domain names are sold on the aftermarket every day, but owning a portfolio of nonsensical domain names makes it that much more difficult to sell and make money.
My portfolio has plenty of losers in it. I am sure I have plenty of domain names I bought that wouldn’t sell for 1,000 years if the price was $1,000 or less. Fortunately, the winners cover the losers, but everybody has some shit in their portfolio. The key is not having too much shit and also having enough good names to outweigh the bad ones.
