When it comes to making money with domain names, it surely helps to take a medium to long term view, and this is precisely what three veteran domainers did to reap a hefty payday with the sale of just one domain.
A few years ago, three of the domaining industry’s biggest names decided to make the shift from the saturated .Com space and invest in a pool of one-word .Me domains. With just $5890, Michael Berkens, Ammar Kubba and Rick Schwartz decided that Meet.me was a nice investment and so they snapped it up and decide to sit on it for a while and attempt to sell when the time is right.
That right time of course turned out to be 2011, a year which so far is producing some of the biggest domain sales in a long time and the trio profited nicely form that trend, selling Meet.me for a staggering $450,000. The math is also staggering because a quick check shows that the co-owners had an overall mark-up of over 7,540%–a return on investment that quite frankly is only frequent in the tech space and the domain aftermarket in particular.
This sale is proof positive that with the right eye for buying domains and some patience, there’s big money to be made.
Do you think given the Meet.me sale, domaining will now be looked upon with some level of respectability? Share your thoughts with us below.
Source: http://www.sitetrail.com/2011/11/15/meet.me-sells-for-a-whopping-450000/
A few years ago, three of the domaining industry’s biggest names decided to make the shift from the saturated .Com space and invest in a pool of one-word .Me domains. With just $5890, Michael Berkens, Ammar Kubba and Rick Schwartz decided that Meet.me was a nice investment and so they snapped it up and decide to sit on it for a while and attempt to sell when the time is right.That right time of course turned out to be 2011, a year which so far is producing some of the biggest domain sales in a long time and the trio profited nicely form that trend, selling Meet.me for a staggering $450,000. The math is also staggering because a quick check shows that the co-owners had an overall mark-up of over 7,540%–a return on investment that quite frankly is only frequent in the tech space and the domain aftermarket in particular.
This sale is proof positive that with the right eye for buying domains and some patience, there’s big money to be made.
Do you think given the Meet.me sale, domaining will now be looked upon with some level of respectability? Share your thoughts with us below.
Source: http://www.sitetrail.com/2011/11/15/meet.me-sells-for-a-whopping-450000/