I currently possess 500 domain names, which were obtained through a combination of manual registration (60%) and auctions (20%). The remaining domains were purchased during a GoDaddy sale.

In the last three years, I have managed to sell a total of eight domains. One was sold for $2,888, another for $2,500, and a third for $995. The remaining five domains were sold for $265 each.

Although I have lowered the price of most of my domain names, none have sold within the past five months. In one instance, the price dropped from $1,500 to $785.

My ultimate objective is to expand my domain portfolio to 3,000 and generate an annual income of $25,000.

If you have any advice on how to acquire 3,000 domain names and achieve my financial goal, I would appreciate it.

One should aim to purchase domains that are relevant to popular and trending niches. There are a plethora of such niches available to choose from.

However, acquiring high-quality domains that have the potential for profitable reselling requires diligent effort and thorough research.

Acquiring 3,000 domain names and generating an annual income of $25,000 can be a challenging task, but with the right approach and strategy, it is definitely possible. Here are some suggestions to help you achieve your goal:

1. Research Domain Market Trends: Stay updated with the latest trends and niches that have high potential for growth. This will help you identify valuable domain names that can attract potential buyers in the future.

2. Diversify your Portfolio: Instead of focusing on a single niche, spread your domains across various industries and categories. This will increase your chances of finding interested buyers and increase the overall value of your portfolio.

3. Attend Auctions and Expiring Domain Lists: Participate in domain auctions and keep an eye on expiring domain lists. This can be a great way to find valuable domains at a lower price than manual registrations or purchases from marketplaces.

4. Build Relationships: Networking is crucial in the domain industry. Connect with other domain investors, attend conferences, and engage in online communities to build relationships with potential buyers, sellers, and brokers. These connections can often lead to better opportunities for acquisitions and sales.

5. Develop Domains: Consider developing some of your domains into mini-websites or landing pages. Websites with quality content can attract organic traffic, which in turn increases the value of the domain name and attracts potential buyers.

6. Utilize Domain Marketplaces: List your domains on popular domain marketplaces like Sedo, Afternic, or Flippa. These platforms attract a wide range of buyers and offer exposure to a larger audience.

7. Price Domains Competitively: Conduct research to determine fair market values for your domains. Pricing them too high may deter potential buyers, while pricing them too low may undervalue your assets. Find the right balance to attract buyers without sacrificing profit.

8. Market your Domains: Promote your domains through various channels like social media, blogs, newsletters, and domain-related forums. Creating awareness about your domain portfolio can help attract potential buyers.

Remember, building a profitable domain portfolio requires time, effort, and patience. It is important to continuously evaluate and adjust your strategies based on market trends and buyer demand.