Buying and selling domain names is a big business but only for those who know when to buy and what to buy — but actually what to buy is not the big earner, When to sell is the name of the game. We saw people who sits on a domain name for 20 years and now sold it for millions. So patience is the key I guess. Which I have none..
We put together a list of documented million-dollar, domain-only “.com” sales. Unsurprisingly, sex- and gambling-related domains are some of the biggest money makers.
MM.com — $1,200,000
Date sold: July 2014
MM.com was sold for $1.2 million through Sedo in July 2014. It was purchased by Hangzhou Duomai E-Commerce Co. Ltd, a company behind other domain names Game.com, JZ.com and 4.cn.
Power.com — $1,261,000
Date: November 2014
Silicon Valley electronics supplier Power Integrations bought Power.com to replace their old, less simple domain, PowerInt.com.
eBet.com — $1,350,000
Date sold: October 2013
A man named Rick Schwartz registered eBet.com in 1996 for $100. He held onto it for nearly 20 years — making a juicy profit off of it when the domain company Network Solutions bought it for $1.35 million.
Because Schwartz has made a number of high-profile sales (you’ll run into another much later in this list), he’s earned the nickname “Domain King.”
“When do I sell? When the domain name is ripe,” he writes on his blog. “When is it ripe? When the right buyer comes along.”
“Tandberg Data, a leading global supplier and manufacturer of backup and archiving solutions, decided to take the cash offer for Tandberg.com from Tandberg, a leading global provider of visual communication products and services with dual headquarters in New York and Norway,” The DN Journal wrote at the time of the sale.
The deal was actually completed in December 2006 but wasn’t made public until early 2007.