I’ve been buying domains for a few years now. Every time I have an idea for a project, I go and buy a domain for it. Sometimes the project idea actually gets implemented and lives for a while. Most of the time I just put it on the shelf. I keep domains for two-three years just in case I go back to the project and then I expire them. A few domains I keep longer, in hopes of selling them later. I sold a few domains before to clients of mine, but I’ve never sold anything to an unknown party.
Today I did. Well, technically it took longer than just today. But today the deal is officially closed. I put one of my domains – slonn.com – on the auctions at GoDaddy and someone bought it for $500 USD. While I could have bargained for a better price, I really didn’t want to. It’s a 5-letter .com domain with no promotion, no prior website. I had it for about 5 years. I thought the price was about right and GoDaddy made the rest of the procedure ridiculously easy.
I have a few domains up for sale, but at the rate it goes, I don’t expect it to be my primary source of income any time soon. Heck, it won’t even qualify for business by any measure. Just a little extra PayPal cash.