Cut Your IM Expenses in Half...?
As the title of this thread suggests, today I cut a huge amount of my IM expenses in half.
I have a few hundred domain names I have collected over the years and when I first started out over 5 years ago, I had no idea who to register these domain names with so naturally I picked a service in my home country, Australia. I have been using this same company ever since.
The problem is their prices have continued to rise over the last few years to the point where it now costs me $19.95 to renew any simple .com domain and even more for some of the other extensions (.org, .com.au, etc).
I didn't purchase all these domains at once, they are purchases I made at random times over the last 4-5 years. For that reason it is usually only one domain that is ever due for renewal at any one time. So being the lazy person I am, I have always just paid the fees and moved on. In the back of my mind I have always been telling myself to get these domains moved elsewhere but all the work involved turned me off doing so.
Last week a bunch of the domains came up for renewal and finally I decided to take action (after all these years). I recently got a new NameCheap account for the purpose of transferring all these domains over and last week I initiated the transfer on all the domains and the process is happening as we speak.
It usually costs me several thousand dollars (4-5K+) to renew all these domains each year however by doing the transfer I will have cut my costs from $19.95 down to around $9 per domain - effectively I've cut the expenses in half and that will save me over 2 thousand dollars next year... and the next... and the next.
So, what's my point?
Surely I am not the only one. I know there are things we all put off doing as Internet Marketers and tell ourselves we will get around to it one day. The truth is a lot of these things are costing us money - whether it be money you could be saving or money you could be earning.
In this case a couple hours of work has resulted in an extra 2k + in my bank account each year. A pretty good trade off don't you think? Makes me wonder why I didn't do it sooner.
Do you have anything you've been sitting on for too long?
I have a few hundred domain names I have collected over the years and when I first started out over 5 years ago, I had no idea who to register these domain names with so naturally I picked a service in my home country, Australia. I have been using this same company ever since.
The problem is their prices have continued to rise over the last few years to the point where it now costs me $19.95 to renew any simple .com domain and even more for some of the other extensions (.org, .com.au, etc).
I didn't purchase all these domains at once, they are purchases I made at random times over the last 4-5 years. For that reason it is usually only one domain that is ever due for renewal at any one time. So being the lazy person I am, I have always just paid the fees and moved on. In the back of my mind I have always been telling myself to get these domains moved elsewhere but all the work involved turned me off doing so.
Last week a bunch of the domains came up for renewal and finally I decided to take action (after all these years). I recently got a new NameCheap account for the purpose of transferring all these domains over and last week I initiated the transfer on all the domains and the process is happening as we speak.
It usually costs me several thousand dollars (4-5K+) to renew all these domains each year however by doing the transfer I will have cut my costs from $19.95 down to around $9 per domain - effectively I've cut the expenses in half and that will save me over 2 thousand dollars next year... and the next... and the next.
So, what's my point?
Surely I am not the only one. I know there are things we all put off doing as Internet Marketers and tell ourselves we will get around to it one day. The truth is a lot of these things are costing us money - whether it be money you could be saving or money you could be earning.
In this case a couple hours of work has resulted in an extra 2k + in my bank account each year. A pretty good trade off don't you think? Makes me wonder why I didn't do it sooner.
Do you have anything you've been sitting on for too long?
You Won't See The Light Until You Open Your Eyes.