sales Pay The Mann: Mike Mann Records $32,500 in Sales This Week

Skyvisum · Jul 24, 2015

Thanks for the news James.Wonderful sales going by the ROI and long years of patience.What a way to be a domainers and knowing the value of the names you acquire and for the right buyer to show up and make the cash rain.

Josh Sexton · Jul 24, 2015

Nice sale, and I'm not sure how many domains Domain Asset Holdings currently has, but a 2014 DNW article said 350K.

It's important to remember with 350K domains, you have around $3 million in renewal costs each year, which works out to over $57K per week in costs for just renewals.

Let's just hope they aren't announcing all of their sales.

James Iles · Jul 24, 2015

@Josh Sexton - regardless of how many names you own, $37,500 from a $157.50 investment is impressive.

tld_org · Jul 24, 2015

jamesiles said:
@Josh Sexton - regardless of how many names you own, $37,500 from a $157.50 investment is impressive.

I disagree, you need to look at the total cost and total return. You can buy every combination of numbers in the lottery and spend $200 million bucks. Sure, one ticket cost you $1 and it won the jackpot of $100 million, so great ROI on that single ticket, what about the other 199.99 million tickets?

London555 · Jul 24, 2015

Mr Mann owns a zillion names. Where he is REALLY smart is getting ahead of the curve re BroadSpectrum.com -held for 5 years-pd 3K sold for 75K.

S-B · Jul 24, 2015

Josh Sexton said:
Nice sale, and I'm not sure how many domains Domain Asset Holdings currently has, but a 2014 DNW article said 350K.

It's important to remember with 350K domains, you have around $3 million in renewal costs each year, which works out to over $57K per week in costs for just renewals.

Let's just hope they aren't announcing all of their sales.

That one sale netted him... 1% of their renewals. Hmmm. 99 more days like that and they break even. Yay?

London555 · Jul 24, 2015

Shane Bellone said:
That one sale netted him... 1% of their renewals. Hmmm. 99 more days like that and they break even. Yay?

This is a lot like stock traders-they forget to figure in costs-bad trades etc. lol

London555 · Jul 24, 2015

Shane Bellone said:
That one sale netted him... 1% of their renewals. Hmmm. 99 more days like that and they break even. Yay?

Shane-why doesn't anyone talk about that young guy (drawing a blank on his name) that is in South America buys and owns the BEST Spanish names on the planet and only carries an inventory of 75 names and he's quietly made millions!

S-B · Jul 24, 2015

London555 said:
Shane-why doesn't anyone talk about that young guy (drawing a blank on his name) that is in South America buys and owns the BEST Spanish names on the planet and only carries an inventory of 75 names and he's quietly made millions!

I have no idea who you're talking about. Although, I suspect that's your point. :P

I should also mention that I work on refining my own business rather than wasting time idol worshipping. For that reason, I don't follow anyone.

London555 · Jul 24, 2015

Shane Bellone said:
I have no idea who you're talking about. Although, I suspect that's your point. :P

I should also mention that I work on refining my own business rather than wasting time idol worshipping. For that reason, I don't follow anyone.

Exactly-but you can learn from some of these guys just like any business you have to weed them out and takes what works for you.

S-B · Jul 24, 2015

London555 said:
Exactly-but you can learn from some of these guys just like any business you have to weed them out and takes what works for you.

I both agree and disagree with you. You could pay all the top guys in the industry to teach you their strategies and you could try to replicate it domain for domain but it probably wouldn't work. Businesses are unique; they cater to the owners personality. Without the same mentality, the strategy will ultimately fail. I suppose my point is, learning is great but working through real issues teaches more.

D Haynes · Jul 25, 2015

Yeah I have to say that this doesn't really impress me. Sorry.

Joseph Green · Jul 25, 2015

This is only three domain sales from the week. From what I remember, Mike Mann sells 10-20 domains per day.

It's impressive, no matter how you look at it.

D Haynes · Jul 25, 2015

If he's working as a lone entity then 10-20 domains a day is impressive if they're all from out bound communication, purely because of the time factors but if you own as many domains as I hear he does then your probably going to be getting that many inbound enquiries a day anyway.

JB Lions · Jul 25, 2015

OK, once more, this has been posted in public before, one place - http://fragerfactor.blogspot.com/2012/09/domain-market-opens-doors-this-morning.html

ASP = Average Selling Price

Domains sold today: 32
ASP: $899.31
Total: $28,778.00

Domains sold today: 27
Avg: $571.78
Total: $15,438.00

I've went over this in another thread as well, from more stats like this. His model is obviously working for him.

What I got from this was the average selling price, that's what I found interesting. He hits a lot of singles with some home runs sprinkled in, that's what gets blogged about.

NameFu · Jul 25, 2015

Does Mike Mann have a team of salesmen, or does Domain Market just wait for inbound inquiries. I wouldn't be surprised that with "350k" names they would have at least 35 inquiries a day lol. It's just my wild guess...

JB Lions · Jul 25, 2015

NameFu said:
Does Mike Mann have a team of salesmen, or does Domain Market just wait for inbound inquiries. I wouldn't be surprised that with "350k" names they would have at least 35 inquiries a day lol. It's just my wild guess...

Does a lot of outbound marketing - https://twitter.com/mikemanndotcom/status/536916650101338112

sales Pay The Mann: Mike Mann Records $32,500 in Sales This Week

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