I wrote earlier to let readers know about the availability of Libyan internet domains. There were a lot of open domains available at that time. There are still a good many to go, too. Taking on a $150 domain is a bit of a risk, however, so I hope you’ll consider the pros and cons before you act. I also hope that all of you who already took the plunge have had success.

A couple of weeks ago, I sold the “HO.LY” domain for $1,000 on ebay. While I don’t expect to get the same price for some of my other .ly domains, it’s been a valuable business experience as I’ve taken the “plunge” myself.

Some Thoughts on Domain Sales

Soon after my original post, someone accused me of being a bad person for snatching up the domains that I did and then re-selling them. I didn’t expect this reaction to be honest, although after some reflection, I can see why some people might be grumpy or upset. Perhaps it seems like easy and undeserved money when a domain sells above its registrar fee.

But grumpiness aside, the “mark-up” on ebay is profit taken for providing a service. It was actually a risk on my part to buy $750 worth of domains. I really didn’t know what they were worth—and neither did some of the appraisers I went to, for that matter. My service was to take a risk upon myself in order to find someone who would be happy to pay more than the $150 registrar fee for the domain. And as it turns out, someone in Florida was just the person. I’d like to think that without me, this fellow wouldn’t have been presented with the option of buying HO.LY and therefore may not have gotten the domain he wanted in the end.

I’ll continue to experiment with domain sales and other possibly profitable ventures. I’ll post about anything that comes up. And let me know if you have any ideas too, eh? :)