If you own domain names, then you are inevitably going to have answer the question: should I renew this domain name? Well, as someone who owns a considerable amount of domain names, I frequently have to make that decision on a regular basis–and have come up with my own internal checklist that helps me decide whether or not I should renew a domain name. Here are fourteen questions to ask yourself to help you decide on whether your should renew your domain name or not.
What is the current status of the domain name? Developed or Not Developed?
If the domain name is developed, meaning that there is a live website on it, and it’s in use, then most likely you should renew the domain name. If you have spent any time adding unique content on the website, then most likely it is profitable–or can be profitable. There are ways, after all, to monetize just about any website out there–and developed websites have value. If you are not planning on continuing with working on the website, then perhaps you should consider selling it to a third party. In any case, if the domain name is developed, I would renew the domain name and sell it to a third party. Another option would be to redirect it to another existing website that you own.