Hello! Been a while eh.. 2010 seems to have just started but were already more than half way through January!
So what’s been happening on the domaining development front?
Domain Leasing: After the flurry of bids and very nice sale of bedroomfurniture.co.uk (which isn’t mine) I suddenly had a good bit of interest in my livingroom & diningroom furniture domains. Weird how that goes, no interest for 12 months and then suddenly 3 different five figure offers, happy to say I leased both mine out for £100 per month each so a nice little gain in the leasing income. The 2 domains were not ranking or developed, both have buy options written in.
Geo’s: I had initially planned to work through the winter adding advertisers to sites like Ullapool.co.uk but it became pretty obvious once the businesses shut down it’s going against the grain trying to get them to spend on next season so I held off, I did initially get some B&B’s on board and some have naturally emailed and signed up as the site ranks top for the town, so that one established site is earning £1350 per year in listing fee’s and would make around £2k per year in adsense based on present numbers, my other geo sites although small in traffic levels are getting really nice clicks on Adsense from 50p to £2 per click so even just now in the winter they add up quite nicely. My geo sites will likely earn around £10,000-£15,000 passively for me in 2010 but if I can get motivated that could easily be doubled year on year.
Domains: Not really searching out domains too much nowadays, but I did manage to buy Enhancement.co.uk for £1350 which I thought very good value just by emailing the business that owned it but didn’t use it, there is a large lucrative & growing market in cosmetic surgery for both sexes and this domain would make a great home for such a site, it also lends itself to be fully developed to cover natural mind body & soul enhancement so not too narrow or focused. To get this site up and running I have bought a site that is a couple of years old with some info that is on a really crap domain, I’ll get it moved across to it’s new home on Enhancement.co.uk this week and have a few ideas to develop it out further, I’ll come back to my plans for this at a later date.
My son had a bankroll built up since he was born, money from his Gran for Birthdays & Christmas over the last 9 years and it got to just over £1000, sweet! Rather than leave it in the bank I suggested we get him a good domain that could give him a better return as an asset and/or develop it a little. So he bought EdinburghCastle.co.uk which cost £1200 – Edinburgh Castle is Scotland’s most visited tourist attraction so I really hope he gets to do a project on it at school so we can get some good free content!
Minisites: Some of these are going great guns, one is doing 4000-5000 visitors per day, another 1500 per day, if they are handy tools, scripts or programs they can really pull in traffic. The Ambigram site is a relatively new one getting around 150 visitors per day and making good sales in December for electronically delivered images.
Websites: Knowing my limitations which are endless really I don’t often develop myself due to lack of talent, ability and motivation but I do see the value in buying old websites from others. I mentioned it last year but I have a list of 50,000 websites which I know all get decent traffic levels, still going through this list every now and again looking for neglected/forgotten about traffic sites. I have to say I have found some gems that are not monetised and clearly forgotten about but getting in touch or getting a response from owners is more than a little tough at times which is frustrating but also exciting to think that if I managed to find & buy the right site a really good income could be made from it overnight, takes patience and perseverance and a lot of detective work at times, you really have to put yourself out there to make things happen but this is the easiest and laziest way to build a passive income, many sites bought over the last 2 years have already paid themselves back.
This is for a separate company from my main stuff that was started 2 years ago buying a small site that earned £5 per day and every now & again buy other smallish sites to the point the business now makes into 3 figures per day maintenance free, every penny earned in that company has been re-invested and every now and again money has been borrowed to buy sites if they were available on a good multiple. The most recent site being USAGardener.com which completed on Friday, a really nice info site that has grown each year and should have a good spring/summer 2010. USA Gardener is content rich with a nice enough design and already had adsense so bought on a multiple with the view it should increase traffic wise as a good resource for people looking to grow their own vegetables & fruit – would like to have it repaid within 2 years.
Overall I feel a lot of positivity for 2010, ’09 wasn’t anything special, it’s quieter when businesses and people have less cash or at least feel poorer and more frugal, I think there will be a lot more cheer to celebrate in 2010 with more progress in domain leasing, big domains sales and more passive income, for me 2009 was again about diversity on income streams and I hear a few others doing the same, congrats to Andy on his recent lease I hope it’s the first of many mate.