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.
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.”