abmakrani

AbdulBasit Makrani

What country are you based in?

Currently in Pakistan.

Do you feel your location has an effect on your domain investing?

I strongly believe it does. There could be many reasons but let me share a few of them. One is the income tax which varies country to country and in Pakistan, there is no income tax on domain sales which gives a domain investor an edge over the investors who pay 30%-40% tax in their country. Another thing is the stable and fast internet connection which unfortunately lacks in Pakistan. There is always a problem with either stability or speed of the internet. Also one major issue here is the electricity problems. One last thing I would like to add is the cost of living which is pretty less in Pakistan compared to Western countries so one can save more money and reinvest into domains and grow their portfolio quickly but there are issues as well which I discussed.

How long have you been involved in domains?

I Bought my first domain in 2004 but seriously got into domain investing in 2010.

Are you a full time domainer?

Yes, since 2010.

How did you find out about domain investing?

I came to know about domain investing through my father and with his assistance I hand registered my first domain (Traders.cc – still holding) way back in 2004. I never took it seriously until 2010.

How many domains do you currently hold?

6,700+ and growing.

What's your favourite non .com tld/nTLD/gTLD?

.CO

What's the best advice you've been given by another domain investor, either directly or through something they've said on twitter or in an interview?

This business requires a lot of patience. Also don’t leave your day job until you’re well set in this business which has a tendency of being inconsistent.

What kind of goals do you set yourself?

I used to set in the past and I really achieved more than I anticipated. To be frank, I don’t set any more goals in domain business.

Who are your top 3 domain investors?

Never idealized anyone so can’t answer this question.

What's the toughest part of domain investing?

When I started in 2010, it was the lack of information and tools at hand. Now the toughest part is that one needs to have a good amount of money to get into domain investing and make it a full time business.

How do you structure the domaining part of your day?

Checking emails and replying to the important one’s at first. Then starts digging the domains which takes a few hours for them to bid or place backorders at a later stage. In the evening I simply place bids and at night place proxy bids if needed.

How do you manage your portfolio?

I try to keep all my domains at one registrar which then makes it easier to manage the portfolio. Also I try to bring all the domains to one main registrar right after the 60 days lock period is over.

Do you also have any NFTs or Crypto in your portfolio?

Bought a small amount of crypto but all my focus is in domains.

What's the most you've ever spent on one domain?

In 5 figures.

Have you ever done outbound? If so, were/are you successful?

I did it for many years and that’s how I grew up my portfolio and cash flow. I consider myself good at it because I managed to come up to this level with outbound marketing for years.

You're given $10k to spend on domains, how do you spend it?

I would buy domains from GoDaddy Closeouts only to add as many domains in my portfolio as possible. This business is not only about the quality of domains but numbers are also equally important.

Outside of domains, what other business/wealth/personal growth figures do you look up to?

None.

What do you do when you're not domaining?

Spend my time with my family and that’s how I enjoy my success.

What advice would you give to people just starting out in domains?

Focus on both the quality and quantity of domains. Never just go after quality because your money will be stuck and you won’t be able to keep the ball rolling. Focus on GoDaddy Closeouts and Pending Deletes and buy only the upgrade domains at least for the initial stage.

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