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James Iles

Top Topics: Mike Mann is 526 Away from 350,000; Your 5 Best Hand Reg Domains...

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By James Iles, Sep 13, 2019
  1. James Iles

    James Iles Top Member PRO Gold Account VIP Trusted Blogger

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    DomainMarket.com CEO Mike Mann revealed yesterday via Twitter that he is just 526 domains away from owning a portfolio of 350,000. This is a phenomenal milestone that just a handful of people will ever achieve, but it does come at a steep cost, literally. Aside from acquisition fees, annual renewal fees on a 350,000 strong portfolio will be significant.

    According to DomainIQ, most domains owned by Mike are currently registered to eNom. The current renewal fee for eNom listed on their website is $13.95, which would equate to $4.88 million per year in renewal fees if all of Mike's 350,000 names are .COM. With such a substantial portfolio, it's fairly likely that there will be a discount on domain renewals. However, even at an average of a $5 renewal (this is purely hypothetical, I am aware of Verisign’s fee structure) fee per domain, that still works out at $1.75 million per year.

    Of course, Mike makes regular four, five and six-figure sales, but these are required when operating such a large portfolio. Being successful over a period of time with a 350,000 portfolio takes skill, bravery, and substantial knowledge.

    Here are this week's Top Topics.


    List Your 5 Best Hand Reg Domains

    Hand registering a domain name, the practice of registering a new domain name at a registrar, can be a profitable business strategy for domain investors, who buy low and sell the names in the three to four-figure range.

    In this discussion, domain investors are invited to list five of their hand registered domains that they'd consider to be their best. What are your five best hand registered domains?

    Topic by: @NicTraders


    Poll: What is Your Participation Level?

    There are thousands of active members of the domain name industry, with varying goals and various reasons for participating. For some, this is a full-time venture providing their main source of income, whilst for others, it's a hobby with no clear goals to make a profit.

    In this week's featured poll, TheDomains.com's editor Raymond Hackney (@equity78), asks investors to disclose their participation level in the industry. As of writing, the majority of voters are part-time domainers.

    Topic by: @equity78


    Are Random Four Character Domains Worth Anything?

    An investor has the opportunity to acquire a "random" four-character domain name and is looking for advice from experienced investors on their potential value. Seemingly random four-letter domain names can be valuable if they have a potentially desirable letter sequence such as BJJX.com, which sold for $11,800 earlier this year.

    Four-character domains, a mixture of letters and numbers, can have value especially if there is a clear pattern. I, for example, sold CM88.com for $5,000 a couple of years ago thanks to the "88" pattern. Anyone looking to acquire four-character domain names needs to do thorough research beforehand, as this discussion clearly demonstrates.

    Topic by: @Jetheat


    A List of Places to Sell Domains

    Domain name investors have a number of marketplaces to work with in order to sell their domain names. Leading sales platforms such as Sedo and Afternic benefit from registrar partnerships that allow listed names to be seen by thousands of potential buyers every day, whilst the likes of BrandBucket and BrandPa cater to brandable domain owners.

    Here is a discussion that you might want to bookmark since investors are putting together a considerable list of outlets to sell your domain names. This includes newsletters, auction houses and registrars.

    Topic by: @falez


    Top Topics of the Week is a blog series featuring the most popular discussions and content within the domain community. Tune in weekly to see what’s trending
     
    Last edited: Sep 13, 2019
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  4. James Iles

    About The Author — James Iles

    James is a domain name industry professional currently working on numerous domain industry research, acquisition and sales projects. Contact [email protected] For all inquiries relating to NamePros stories and interviews, please email: [email protected]

    This is James Iles's 680th blog post on NamePros. View all blog posts

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  5. Comments (17)

  6. Bob Hawkes

    Bob Hawkes formerly MetBob NameTalent Gold Account VIP Trusted Blogger

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    Thanks as always for a great run down of topics, @James Iles. Even though I spend a lot of time on NamePros :xf.cool: I had missed one of these until your post.

    Do you think it is really possible he might get them this cheap? The normal Verisign wholesale rate to registrars is $7.85 (+$0.18) but I know they offer registrar bulk incentives or limited time promotions, but wonder if they ever get them from Verisign as cheap as $5. It is, like you say, an enormous renewal bill, even if he could get them at that price. Must have great business organization and skills to make it all work consistently year after year. Has he ever commented on why he uses eNom primarily?

    Thanks again for an informative rundown! I really like the variety you put into each.

    Bob
     
  7. The Durfer

    The Durfer Upgraded Member Blue Account VIP

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    ty Mr. James
     
  8. rathead

    rathead Established Member ★★★★★★★★★★

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    what registrar is gonna let a guy with 350,000 domains pay $5 a domain when they gotta pay verisign around $7.20 a domain per year? inquiring minds want to know.
     
  9. Bob Hawkes

    Bob Hawkes formerly MetBob NameTalent Gold Account VIP Trusted Blogger

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    Does someone have 24 domain names? If so we could combine with the 502 I have available and offer them to Mike Mann as a package just to nicely round him up to the 350,000 figure :xf.grin:
    I think he would not want some of mine though:-P, well many of mine:xf.eek:, so I guess it would not work out :xf.frown:
    He should though, just do it today, get 526 from someone and be at 350,000.
    Bob
     
    Last edited: Sep 13, 2019
  10. James Iles

    James Iles Top Member PRO Gold Account VIP Trusted Blogger

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    @Bob Hawkes, @rathead
    I’m well aware of Verisign’s fee. The $5 mentioned was just a hypothetical, absurdly low figure to highlight the fact that Mike’s venture has astronomically high overheads. Perhaps this didn’t come across in the way that it was phrased.
     
  11. falez

    falez Established Member

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  12. wwwweb

    wwwweb Top Member VIP ★★★★★★★★★★

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    This guy once regged $100K worth of reg fee names at Godaddy in a single day, just over 15K, doubt he will have an issue with a few hundred.
     
  13. D Haynes

    D Haynes Top Member VIP

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    Thats too many names to be able to control on your own. There will be thousands and thousands of names he doesn't even know he owns which in most other worlds of buying and selling would be a big no no. Fortunately these days a lot of this business is automated making this amount of domains possible and profitable. I can't even find 20 domains a week I want to own lol let alone thousands.
     
  14. falez

    falez Established Member

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    jesus, what are some of his big name sales?
     
  15. MrAcidic

    MrAcidic Account Auto-Closed Gold Account

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  16. gtldomainer

    gtldomainer Established Member

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    From some of his sale announcements on his social media handles, it shows a daily average of around $40K - $50K. If its been consistent for year around, then the renewal fees don't look so huge.
     
  17. Kingslayer

    Kingslayer Top Member VIP

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    I wouldn’t be able to sleep at night having all that lot, owning 300k of domains is an addiction. I know he owns some great domains, but if/when he retires or (god forbids) something happens to him, 300k of domains is something you can't really pass down to your children with the feeling you've left them something valuable, i wouldn't like to inherit that lot, would be more of a burden.

    I hope people reading this don’t try and copy his business plan, what i mean by that is registering 1000+ junk domains.

    I’ve seen people do that on here before and it’s always backfired and they’ve been dropped the following year with money thrown down the drain.
     
    Last edited: Sep 14, 2019
  18. pablohc86

    pablohc86 Top Member VIP

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  19. sharastar

    sharastar Established Member

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    It does happen though when these two criteria is ticked

    1.) When people have lots of budget to spend
    2.) People understand the significance of buying the names for their business before even starting their ventures to secure their valuable names.
     
  20. Ali Adil

    Ali Adil Established Member

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    Thank you Mr. James.
     
  21. Ali Adil

    Ali Adil Established Member

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    Thanks Mr. James
     
  22. nametrekker

    nametrekker Established Member ★★★★★★★★★★

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    Mike sold his company BuyDomains.com for 80 million USD in 2005, so I don't imagine he's worried too much about renewal fees. He also made a 2 milion profit on selling sex.com after a buy and flip in 2010. So he knows domains.
     
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