Discussion in 'Domain Industry News' started by Silentptnr, Dec 4, 2017.
His recent sale announcement -
JungleFish.com - $16,000.
Would love his buyer list 16k for that, jesus!
I wonder how long that took to complete that task....
The guy owns Phone/com ......... nough said
He values his portfolio at ~ $2.7Billion
I value mine a 1000 times less.
No doubt a legend, but come on, $2.7 BILLION for these names?
Obviously can't blame him for trying
reseller value is usually less than 1/10 of retail value. Retail value of the 2 portfolios would probably be around 1 billion or more. one can not compare these two.
His model is not sustainable long term in this environment. Move to crypto Mike.
why is it not sustainable? A lot of people think he is crazy for buying tons of crappy names but they do not understand his strategy IMO. it has nothing to do with luck.
he buys a lot of names that most domainers would consider to be worthless junk. In reality he buys cr*p that is diamonds to another person, a domain with hidden value. Domainers just look at the domain and think they understand it, they do not know the story behind it. hint: Mike buys names that can be upgrades to existing domain names for example. It could be blueflyingcar.com, while someone else built on myblueflyingcar.com
Domainers will just see that he sold blueflyingcar.com for 20k and think he is just lucky or making it up and most be losing money for holding these type of names. He just knows what people buy and buys a name when he can get it for close to regfee. That is why it appears he is holding 300k junk names while in reality every name he buys is selected according the probability of selling to someone for a certain price.
he knows the game and buys what others overlook. it might not be the most elegant strategy but i do not think he would be doing it if he were not making money with it.
study the names he holds and sells and you will see luck has nothing to do with it.
You're joking right? Either of them would sell a few domains and retire...why would they sell $1 Billion or $300Mil in assets for $50 million? Kevin Ham has some of the best names--ever.
I think they kept the best names and sold the likes of 0001bestcars.org
right they did not sell the best names but retail value is never real value in domains it is just a theoretical number. Most domains will never sell during their lifetime so real value is only a fraction of retail.
If it works, fair play and good luck to the guy, it’s not a portfolio or a strategy that I’d want to try to emulate though personally.
I had a portfolio of 240 one point and I didn’t like it, I’ve got them down to under 50 now and I’d even like to get them down more.
300,000 would haunt my dreams.
Eh I think these guys have moved to Crypto BTC just silently, but Crypto and BTC are VERY volitile at the moment and might be in the future with exchanges coming under fire more rapidly. I do agree his massive amount of domains is a catch 22 - it's alot of money possibilities but such a huge burden and the massive amount of renewals etc.
I thought I recall seeing under Whois Rick Schwartz snagged CryptoLawyer.com - maybe I was mistaken. I'm not even sure if he'd want me saying this, if not I can delete this comment.
As for Mike, It's like he's the luckiest unlucky guy in the universe. But we do have BTC heading to 12K!
$12K, on the way to $13K!
Consolidation in progress!
tl:dr but thanks for playing
Too many new domainers jump on a variation, such as the singular or the plural or adding or removing a letter, or adding or removing a word, or changing the order of the words, or a different extension, of some name that sold for a lot in the past, thinking that the variation that has been sitting unregistered all these years must be worth something too. Brandables aside (which are hit or miss anyway), It ain’t necessarily so!
So, if this is what Mike's doing, he's not doing well!
300k names..... sheesh. I wonder how many UDRP letters he get a day!
I think this is insane who on earth can afford such a package! Unless I am naive of the gullible domainers out there.
With 300,000 names, that works out to an average of $9,000 each. Given the sale of a name like JungleFish.com for $16,000, he may well be understating the value.
I wonder if he has any staff to help him manage all these domains. He must be doing at least 5-10 sales a day to be able to sustain this as a business.
Congrats to Mike the Man , lots of average or poor name but that happen when you register using certain pic of software tool, but he know his game and end result.
Check this article he sold his company or portfolio or what else to Namemedia in 2005 after that he left domain market for 2 to 3 year due to non compete agreement.
I randomly check some of his name whois, most of them look like with enom and registered dated back to around 2007 and after that , plus all of them show [email protected] in admin and other email id , that is the way to sale name!
Now put simple number if he registered all 300k in 2007 and renew all till 2017 he might have spend 25 to 30 Milion plus 10 million to buy other good name, but he sold his company for 80 mil in 2005 , so he still have big bank balance left to compete with you guys in near future.
Good Luck to all to compete with this big boys!
I forgot but is any one notice he own any two , three or even good 4 character domain name not even any good Number Domains, unless that name are not for sale in this portfolio??
they are doing it randomly, mike is doing it in a systematic way. He has got a pretty good idea of the odds of this game. People who do not understand the difference between random domaining/luck and knowing what you are doing get confused and come up with superstitious ideas like Mann is making is successes up, is losing money, or selling due to his reputation all of which is nonsense.
Same with Hugedomains. Many think they register random domains in bulk and somehow manage to survive but in reality they likely have extremely sophisticated strategies that allow them to make money in a niche where most would lose their shirt.
People see their crappy names and the high BIN and think their strategy is nothing more than buying crap in bulk and overpricing it. Then they try the same and go broke.
The thing is there is crap and there is crap that can sell. They just figured out a way to locate the crap that can sell in the sea of crap that will never sell and they do it on a large scale.
I don`t get it either how we still disscuss how he is losing money. To me there is no question, that he acutally makes money, even with those crappy ones.
After seeing the list of domains and the values, I am selling crapidycrapcrap0101.com for $20k if anyone is interested?
Separate names with a comma.