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May 03, 2007

My Adventures With Domain Estate

domainsforsale.jpgI purchased a domain name a few years ago transfercredit.com that was for a specific software project dealing with the transfer of learning credits between various academic institutions. Unfortunately, the project fell through and never was awarded. So what to do with the domain name? Really, it's a good domain name for refinancing credit or consolidation loans. :)

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I ended up keeping the domain name at first because I thought that perhaps the project would be resurrected and eventually go through. After three years, I'm convinced that the participating institutions have no common interest in actually completing this project. Sadly, they all didn't realize just how complex the problem was. They wanted it done for a low, fixed price, and it just wasn't going to happen that way. I still think there is value to the students in completing this project, but until the institutions can see that, then there's no hope.

So what to do with a domain name? For three years I did absolutely nothing, it just sat there. But then two weeks ago I received an unsolicited request to sell the domain name. I wasn't really prepared for it, so my response was fairly weak, and I haven't heard back from the person. No surprise there.

I thought about it some more, and wondered if "domain estate" was like "real estate", and that there may be some intrinsic value in the name of a domain itself. I'm sure there is for very popular and easy to remember domain names, but would transfercredit.com qualify as such?

To find out, I did two things: first, I opened an account with a domain parking company, and now if you click through to the transfercredit.com web site, then you will see credit card, loan and finance related advertising. If this manages to bring in $30 per year, then at least the annual cost of the domain name is paid for.

Beyond that, I set up an auction where people can make me an offer on the domain name. OK, world, I'm ready - bring on the requests.

I own a few other interesting domain names that I had full intentions of developing web sites for, a while back before I realized that coding web sites was very easy... it's keeping them current with content that's hard! I suspect that perhaps this is all for nothing, but at least for the moment it's semi-interesting.

Posted by Hammer at May 3, 2007 03:43 PM

If you enjoyed this article, you may want to read more in the Current Thoughts category.

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