Dynadot

sales Joe Uddeme Brokers the Sale of Storm.com

NameSilo
On this blog, one-word domain names are highly covered thanks to a large number of premium, single-word names that trade on a regular basis. These highly desirable assets are snapped up by investors and end users alike, often in deals facilitated by brokers.

Today, domain broker @Joe Uddeme announced the sale of a one-word domain, Storm.com, via his LinkedIn account. This domain name was previously owned by L3 Technologies, a company with an operating income of $1 billion in 2017, with clients including NASA. Aside from Storm.com, Joe is also close to finalizing the sale of Link.com, another name being sold by L3 Technologies.

The name was purchased by HostGator's founder Brent Oxley, who adds Storm.com to his vast portfolio of premium domain names including Broker.com, Drone.com and Nut.com.

I reached out to Joe to ask him for more details about this sale, but unfortunately, the sales price is confidential. Joe was able to confirm that the name was being marketed at a mid six-figure price, but was unable to give further details.

Congratulations to all parties involved in this sale.
 
23
•••
The views expressed on this page by users and staff are their own, not those of NamePros.
Congrats to @Joe Uddeme and Brent Oxley on a completed deal
 
1
•••
Not to be a hater but what is Oxley going to do with all of these names? Stop hoarding!
 
3
•••
Stormy deal :xf.grin::xf.grin:

Congratulations to both parties
 
1
•••
On this blog, one-word domain names are highly covered thanks to a large number of premium, single-word names that trade on a regular basis. These highly desirable assets are snapped up by investors and end users alike, often in deals facilitated by brokers.
James...i have a question, and i hope you can help me. As you know I'm still a relative newbie to the name game, but would Watergate(.)com as in the Watergate political investigation be considered a one word domain? Thanks in advance.
 
0
•••
0
•••
This reads the note I received a week ago:

Hi Andy,


No, we will not sell the domain.


Best regards,


Nancy

-------------------------------------------------------

Nancy Linn

Bids & Proposals Manager

L3 Telemetry & RF Products

9020 Balboa Avenue

San Diego CA 92123

(858) 694-7935

[email protected]

web: L3T.com/TRF
 
4
•••
Update: Nancy still thinks the domain isn't sold. Clearly she didn't get the memo. Bizarre communication within L3T. Congrats to Joe/Brent. Nice catch.
 
2
•••
Oh no So much controversy!
 
0
•••
Doesn't Brent Oxley tend to buy in the low six fig range? The sweet spot is usually somewhere between $100K and $200K? If that's the case, then I'd say the domain was probably sold for less than mid six figs. But then again, all 'rules' are forgotten if someone really wants a domain name. So, perhaps I'm wrong.
 
0
•••
Doesn't Brent Oxley tend to buy in the low six fig range? The sweet spot is usually somewhere between $100K and $200K? If that's the case, then I'd say the domain was probably sold for less than mid six figs. But then again, all 'rules' are forgotten if someone really wants a domain name. So, perhaps I'm wrong.
Agree!
 
0
•••
Doesn't Brent Oxley tend to buy in the low six fig range? The sweet spot is usually somewhere between $100K and $200K? If that's the case, then I'd say the domain was probably sold for less than mid six figs. But then again, all 'rules' are forgotten if someone really wants a domain name. So, perhaps I'm wrong.
Agreed value buyer, quick payment, quick deal, but needs value.

Many times undisclosed deals are given a higher lean rumor price, who is really to know right.
 
Last edited:
0
•••
Not to be a hater but what is Oxley going to do with all of these names? Stop hoarding!

Develop them or sell them for more than he paid?
 
1
•••
1
•••
Great sale, especially as it was an investor who spent half a million on it.
 
0
•••
Where was the sales price? As someone on this thread stated, odds on was in the 100-200 range
 
0
•••
Where was the sales price? As someone on this thread stated, odds on was in the 100-200 range

Even if it went that range, it's still a fantastic sale.
 
0
•••
Where was the sales price? As someone on this thread stated, odds on was in the 100-200 range


I reached out to Joe to ask him for more details about this sale, but unfortunately, the sales price is confidential. Joe was able to confirm that the name was being marketed at a mid six-figure price, but was unable to give further details.
 
2
•••
It sold in the 100-200 range I would bet )
 
2
•••
If he was able to get it for below $200K great deal. Hold and resell for over 500K
 
0
•••
0
•••
If he was able to get it for below $200K great deal. Hold and resell for over 500K
How many names realistically sell for over 500k though? It's a nice fantasy.
 
1
•••
Do you really want a list? Just use namebio.

A small sample from 2018 for some single word domains in 500K range.
snoring.com 502,225 USD 2018-07-16 Buckley Media Group
sleeping.com 502,225 USD 2018-07-16 Buckley Media Group
inception.com 550,000 USD 2018-07-08 BestWeb
 
0
•••
You seem to be missing the point. I'm not saying $500k + sales don't happen, they just represent a tiny fraction of domains that do sell. Storm.com COULD sell for 500k + but it's by no means a probability. Brent can afford to roll the dice.
 
1
•••
The reality is this:

Let's say there are 10 000 names that could be argued to be worth 500K and more.

Yet, we hear only about handful every year, let's say 10. Now let's assume 90% go unreported. That makes 100 sales every year out of 10 000 available or the standard 1% sell through.

Now if you buy them at reseller pricing of 100K to 200K, it means you'd need to have 100 names of this quality to make 1 sale a year. That translates into 10MM to 20MM investment for 300K-400K return or 1.5% to 4% IRR. He could get that kind of return guaranteed with government bonds or double of that via stocks.

This explains why for a guy like Brent it doesn't make sense to pay higher than 100K-200K per name of the quality with few exceptions. And why this is not the most lucrative segment in domain investment.
 
4
•••
Back