Domain leasing I feel will continue to be one of my main focuses this year while others tick over, I am either having more luck or business owners are more receptive to new ideas in challenging times, either way I feel after a year or so of working quietly I am beginning to reap some of the rewards.
The premise for domain leasing for me for the most part is to buy a good product based generic UK domain, build it out as much as can be justifiably done to get it indexed and possibly ranking and then offer it as a second storefront to existing businesses, show them the advantage of a generic, high recall & recognition value especially when advertising, easy to spell, niche dominance and market credibility as well as some traffic.
The first year was mostly working on getting some good domains and after a great early lease it’s been odd pickings here and there to finally end up at £775 per month in income at the end of last year for a business built literally from scratch.
This year needs to be the year I take this side of my business up a notch, the basic strategy which I have detailed on the blog is sound and I’ve tested it out enough times to feel happy with the principle. I decided in January my goal for this year will be to get up close to around £2000 per month from leasing which will be a pretty decent sideline, you have to remember that if I get it up to £24k annual income by the end of this year then not only is it a business earning pretty much £24k net passively, it also has assets that amount to far more than that, the lease itself increases the value of the domain hugely.
I’ve been asked once or twice to list domains for others and lease out for others but that’s not on the cards just yet, for now I need to ensure I’m getting a decent payoff for investing the time & effort needed to see a domain through from purchase to lease and that means ignoring the £15-£45 per month price bracket. One of my better domains was leased out this week for £500 per month, it was 2 long months of waiting to conclude the deal but it’s done and I’m very happy to have it wrapped up, I’m happy to say that for the most part I’m still working on the general rule of trying to get my capital invested back in around 12 months on a lease of 2 years+
Already done some more research and bought 2 domains, one for £600 & one for £800 which I feel are good candidates for leasing out at around £100 per month and I feel I have the inventory here to push on. Like I mentioned earlier I have had good feedback in the last few weeks when approaching companies, one agreed to lease 3 domains for £360 – not sure if it will come off and I can’t include it until the paperwork is done, I’d really like to get a few done this year around £100-£200 as they would add up quickly, however for now the confirmed passive leasing income stands at £1275 per month.