discuss How Is This Possible Mike Mann? Please Share Some!

[Silentptnr]

I just read an article to today and I really don't have any idea how it is possible... I applaud these sales, but I just can't seem to get my brain around how these types of names are selling for this kind of money.

Congrats Mr. Mann!

 

[Templr]

This also leads me to wonder (purely speculation off course)...I am not making any claims, this is just a theory....how valid are these sales? Sure some might be real but how do we know that a certain amount of them are not smoke and mirror sales...purely to drive this marketing engine?

I think Mann is okay, but all you have to do is a validity check on names sold. Check a whois one month after a post is made etc then you'll get an idea.

 

[Nsmith91]

The elephant in the room off course is that whilst he may have turned a $20 investment into $xx xxx sounds all good and dandy. As mentoned above by @xn--v4h.com this does not equate to actual business profit. Basically, if we had to break down his annual renewal costs into a monthly expense. Then his monthly expenses would be over $300 000 per month if he has like 400 000 domains. Now when you start factoring his sales revenue vs his monthly expenses (doesn't even include - Tax, his personal drawings, any staff costs, utilities and any other business expenses he has) Then things look very different.

This is why I have said a few times that I'm sure he gets a highly discounted rate on renewels AND he could even be getting paid/sponsored/funded by a registry to be a marketing engine for the domaining industry. The amount of hype thats created when he tweets about some of his sales is pure marketing gold. It encourages new people to get into the domaining industry and it encourages people who are battling in the domaining industry to keep battling (keep buying) until the get that one or two big sales.

This also leads me to wonder (purely speculation off course)...I am not making any claims, this is just a theory....how valid are these sales? Sure some might be real but how do we know that a certain amount of them are not smoke and mirror sales...purely to drive this marketing engine?

Well said! My viewpoint as well. Either way these published sales are incredible!

 

[DomainVP]

I'm sure he buys just like every domain investor should be buying...

Take X amount of dollars, then strategically buy X amount of domains.

Some people in the upper tier take $1mil and buy as many five to six figure domains as they can...
Like Drew Rosner, he bought Happiness for 50k sold it for 250k. Made back 25% of total likely* investment with 1 domain and probably a boatload more to sell that he is asking $1mil+ for.

*I say likely b/c I watched a video a few years back where he discussed taking $1mil and buying as many high end domains as possible.

Others take $10k and buy 250-500 domains.

Out of 500 reasonably picked domains, sell at least 10 of them for 4-fig and you make a tidy profit. Sell one for $30k by using the power of sales - even better.

MM is doing it right.


We all have to be shapeless, formless, like water.
If something is not working don't dump on MM to make yourself feel better, change it!

 

[sniper2009]

I would love really to write my opinion , but I will keep it to myself and I hope Mike , buydomains , hugedomains will always post some sales to keep me improving . I would just say about things to do near me , its getting 100K – 1M exact search for $2888 its really nothing ! . It could get a few more $$ for it ! .

 

[Kuffy]

https://trends.google.co.uk/trends/explore?q=things to do near me

I guess we need to be creative and try to think of some more phrases like this.

 

[platey]

The difference is that too many domainers either don't see value in the type of domain that mm sells or are too impatient to wait for a buyer to pay decent dough for the domain and make a quick flip instead

But it's a safe bet that if a domain has been bought by mm it will not be sold cheap so any buyer knows they will have to pay quite a few quid to prize that domain from mm

 

[bashariqbal]

Thats the thing mate, I get what you are saying but with any business model...monopoly or not, customers who buy massive volumes don't get standard pricing. He probably has more domains than some of the smaller registrars.

Also, when we crunch the numbers...even if we include the f$%# ton of sales he might be making at $350. if he sells 100 of those per month (which I doubt he does) thats only $35K per month... that still leaves him with another $$270k or so he needs to make just to cover renewals..again, not including tax, his own drawings, staff costs, utilities and other business expenses.

He owns around 400k domains so if I judge by his huge portfolio size he would be selling way more than 100 domains per month, probably he is selling around 300-500/month (if I compare by my portfolio it is over 1000/month but mostly the bigger the portfolio becomes the lesser it would become in quality). And probability of getting more than decent sale price on weak domains get higher due to the shear size of the portfolio and how professionally they are sold. From the name he chose for branding to the website operating on it and everything in-between exudes professionalism, genuineness and authority and that is more than enough to influence many buyers to spend more than what a name would fetch if it was owned by a part time domainer. Only negative thing I currently see is the email address DomainMarket.com is using, [email protected]

 

[Willox Perez]

Congrats to Mike! He has been doing it for a long time and I believe a huge part of getting these types of incredible sales has to be the amount of buyers and relationships he has build over the years. He has to have some type of past buyer list that he can reach out to when he gets a new name. These are people who have shown the desire to buy domains.

This is something I am currently working doing as well, making sure when a sale is made I stay in touch with that person for even more future sale. Mike has been around so long he has to have a huge list like this as well as a big following.

- Will

 

[deez007]

Anything is possible but I don't think he gets any kind of special treatment from Verisign. Verisign has a monopoly over .COM. You don't discount when you're in that position. IMO.

He only reports generic type domains selling over $2k. Yet his portofolio is filled with JoesPizza.com & SmithAndSons.com type of domains listed for $350. He must be selling a f$%# ton of those as well.

Prices he gets for the sales he reports are crazy, yes, but the domains are not bad IMO. They're natural language and thus hard to go around for an end user that needs this or that phrase for marketing or whatever.

IMO...

Thats the thing mate, I get what you are saying but with any business model...monopoly or not, customers who buy massive volumes don't get standard pricing. He probably has more domains than some of the smaller registrars.

Also, when we crunch the numbers...even if we include the f$%# ton of sales he might be making at $350. if he sells 100 of those per month (which I doubt he does) thats only $35K per month... that still leaves him with another $$270k or so he needs to make just to cover renewals..again, not including tax, his own drawings, staff costs, utilities and other business expenses.

 

[1Darko]

His market is DomainMarket.com
CigaretteElectro.com was mine and I let it drop last year!

 

[domeen]

You mean mean the 1 time before when you replied and pretty much said the same thing... that he doesn't get discounts and he makes loads of money... hmm so because we spoke about it and because you say it's not the case... it has to be true?

I was clear in my statement, business expenses need to be taken into consideration and it's not a case of him investing $20 and making $xx xxx as his tweets imply. I was very clear in my statement being pure speculation. Was I adamant that my theory was right? No!... does that mean you are right? No!... It simply means, anything is possible.

You need to cut smoking marijuana and come back to real world.

 

[comati]

I just read an article to today and I really don't have any idea how it is possible... I applaud these sales, but I just can't seem to get my brain around how these types of names are selling for this kind of money.

Congrats Mr. Mann!

Show attachment 64030

I've tried to answer:
https://www.namepros.com/threads/14...days-mike-does-it-again.1029938/#post-6257127

 

[domeen]

Why do you take it so seroiosly? I mean - I like to make jokes. And I think its funny, if you live at the age of 35 with your mom and "trade" domains for a living. I mean it`s funny isn`t it?

 

[xn--v4h.com]

His market is DomainMarket.com
CigaretteElectro.com was mine and I let it drop last year!

Might be ok there

 

[xn--v4h.com]

Beginning to doubt the validity of these sales. I mean how big is his brand outside of the domaining community? And even if he has a major presence outside the domaining community, wouldn't a potential investor assess the quality of the name first, before dropping that many Ks. Just curious. Any-who if these are actual sales, kudos to him.

As a business, you dropping a few thousand is worth less than not having a name dot com you need for doing business.

 

[1Darko]

Im not calling these sales untrue, just weird.

The is no domain buyer that will brag about having bought a mike mann domain.

To me, its just not logical. I have years of studying sales. Day in and day out. I dont see name like these where people are paying 5 figures. Period.

I had asked if they were financed and i was told no.

I just dont get it.

Imagine looking at 400k names and you pick those? When you look at the available alternatives it just doesnt seem logical.

Anyway, maybe i should start reporting the spam inquiries i get everyday through my efty landers as sales.

I hope those names he sold update on whois to the new owners so i can reach out and offer them some names!

Either that or i will start advertising my domains in the local pubs where people with money drink!

To achieve such sales you have to put on the Mike Mann Face during sales negotiations >>>

 

[Silentptnr]

Great sales. Congrats!

Just wish there was more info about how they actually went down.

Its not a question about why they sold, just the sales prices compared to the quality of the names. I could see wavewholesale maybe but the other two are just weird.

 

[cipcip]

It is easy, he most probably has a list of clients that he sells to from the past transactions.

 

[DanBingham]

I am trying to sell 200 time better domain from him but I am still in dark. Can anyone tell him to send any "End User" of my name who can pay me $xxxx. I will give him at least 99% commission.

Interesting proposal! How could he resist?

 

[Silentptnr]

Does he accept payment plans? That would cast the sales in a lesser light -- buyer may not ever really pay.

SaltAndPepperHomes.com (pluralized) was just regged at DynaDot yesterday.

I asked if there was financing involved (generally) and the answer was no.

 

[pokainc]

I'm reading this thread and definitely understand owning 400k names is a whole new level of domaining, but getting 30k, for random looking names several times, is just so incomprehensible.

If you have tons of BMW's worth at most 50k and put them at 300k each, doesn't mean someone is going to pay that just because it's a numbers game.

I understand very well that domain values are open to interpretation, more than probably any other asset, but there's volatility and then there's craziness...

If I were a company, the only time I would spend such crazy amounts on such names is to have deductibles to change tax brackets.. but then again, there's so many better alternatives..

I guess he enjoys the secrecy as everyone is scratching their head and I don't see him helping out really the industry with at least small tips and tricks.. not that he's obligated by any means, but all the Sherpa's on domain sherpa don't seem to mind to help others out.

 

[ProDomanico]

Okay....logically speaking and after a bit of research...

SaltAndPepperHome.com
- Was listed for $28,888
- Only other tld in use is SaltAndPepper.eu
- There is a large software company using Salt-And-Pepper.eu

Very possible sale for 5 figures

WaveWholesale.com
- Wave Broadband has a division Wave Wholesale...here's the site: https://business.wavebroadband.com/wholesale/

Very possible sale for 5 figures

ThingsToDoNearMe.com
- Excellent long tail domain

Very possible 3k sale

Amazing job by Mike Mann. Those names were great investments and show that investing carefully and with research, it is clear if a name has great potential.

I think you nailed it right.. Its not about names its about research before you invest...
I almost hit something following this strategy but couldn't complete the sale..
:D it works for Mike may be he has good channels

I think is all about end users who are ready to pay and buy..

 

[pokainc]

funny = such great help

 

[Fancy.domains]

More than anything it is a law of averages. If you own 400K decent domains, there will be outliers.
You only hear the stories about the ones that sell, not the 98% or 99% that don't.

Brad

The answer!

Plus the fact that his names often are better than it seems if you do a little research. I have done that and found out that these regs (by Mann) were not random at all!

 

[realcostdomains]

I just told that to a guy offering on one of my domains today! Believe it or not, I acquired a domain about a month ago for a great price. I put up an efty lander and got an offer right away. The offer was low, but the conversation started. I priced the domain high, and the buyer walked away. A few days later, they contact me to tell me they registered the same name but as a new gtld. My response was, I love it! I would love to see you build your business around a new gtld of my .com!

I couldn't believe they actually told me they registered an alternative. I told him (just today!) that the price of my .com will only increase and to grab it now. I feel this deal will be closed very soon.

Classic MM Move... Nice.