Take a look at all of your domains and make sure you know where all of them are registered and when they expire. Always keep a portfolio up online on your own personal site and put the link around. Take a look over all of your domain names and make sure you renew the names you want to keep and then decide what to do with the names you want to drop. Do not simply let the names drop unless they are worthless. Put them up for sale at Namepros in the Auction section or even the NP Sales and try and get a few dollars to cover your registration fees for your other names. You can also put the names up at eBay.com.  I like to sell on eBay and it’s easy to do and does not cost too much. Even if you sell a few names for only $10 that still covers registration and hosting for a few other names.

Next, review all of your names that you want to keep. None of them should be blank pages, at the very least put up a for sale page with a contact us link. Think about developing 1 or 2 of your best names into established websites that will gain traffic and can be resold in the future. The rest of your names should be put with a parking or mini site service like Noomle.com or WhyPark.com. You can also have people create custom mini sites for around $50 just take a look at Namepros Freelance Mini Site Creators. They do all of the work for you including logos and articles and SEO. All you need to do is write a few words about each site and you will be indexed in the Search Engines and start gaining traffic. Your income from ads may not be huge but hopefully it will cover the registration fee until you sell the name.

Using this method you should still spend time promoting your sites to end users but now at least you are earning money to cover cost. This way if you do not make any big sales you did not lose money, you made a little and your sites also gained value with content, traffic and income.

One last point is to reach out to the community, go and make a few friends who own sites like yours and talk about what you can be doing better. Collaboration is one of the best ways to learn.

In these times develop a long term plan where you write down your plans for the next 6 months. What do you want to start and what do you want to sell. I would recommend developing a few websites and growing your traffic. You should look at your financial situation and if you have some spare cash now is the time to invest. There are some really solid names for sale right now and if you feel that you could get a great deal and develop or resell the name later on go ahead and buy it. Now is the time to look at long term investments in the domain marketplace. So go ahead and get serious about domaining.

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