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How To Know Whether To Renew Your Domain Or Not?

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This is a big question especially when you have a portfolio of several domains and you do not know which all to drop and what all to renew!
Here is a small technique which I use to decide. This may not be the best technique but has worked well for me over the years.
I just Google the keywords of the domain name and check all those who are advertising for the keywords. These are my target potential customers. I also consider the websites which have similar domain names and appear in the results.
I also target the people who have domain names similar to mine but do not have a website on them.

Having made a list of email addresses(40-50) of all those who may be interested in my domain, I send out a simple email informing them that I am interested in selling my domain.
The subject line of the email is usually the name of the domain+ for sale.

If I get a reply from even 1 potential buyer asking about the price or mentioning that they may be interested, I know that this name has a value for someone and even if I do not end up making a sale to them, I know that I have to renew this name.

This is what I have been following for a couple of years and some of my hand-registered names went for high $XXX to low $X,XXX after I had renewed them.

If you have any other opinion in this regard or have been following a different technique, you are most welcome to share it!
 

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