discuss Mike Mann Sells Two Domains For 10k Each! Don't drop those!

[DaveX]

I just read that Mike Mann just announced two sales....

$9888 for WellOfTheSoul.com

$9888 for SunChat.com

In the article it was pointed out that most domainers would be told those are junk and let them drop....

What can I say????

Source: https://www.thedomains.com/2017/06/07/9888-todays-magic-number-mike-mann/

 

[Crysis]

 

[urlurl]

sunchat is a great name, interesting the prices ended in 888 - i wonder if they were chinese buyers?

maybe i should up my price on my S a l e C h a t . com name, lol

 

[urlurl]

Show attachment 60781

he has a lot of renewals - i wonder what his turn rate is?

 

[Brand Herald]

IMO, two strong keywords that make sense as a combination, short, memorable and has a "mobile phone app" sound to it. I believe when one is as experienced as Mike Mann...you develop a 6th sense about what will fly.

 

[nomen]

Please what makes it great? Perhaps I can learn

Simple words, easy-to-spell, both words quite universal, two syllables, short enough, chat apps are hot.

Edit: Plus easily depicted, eye-catching logo.

IMO...

 

[Crysis]

he has a lot of renewals - i wonder what his turn rate is?

Yes..probably close to $2-2.5M in annual renewals alone !

 

[BrandSac]

and like always i say the end user is the finale appraisal tool, thank u for sharing with us

 

[Recons.Com]

Darn....StoppedClock.com is already taken!

this is available:

StoppedClockisRightTwiceaDay.com

 

[EmotiveDomains]

If these are two of the domains he sells for good money, it makes you wonder about the general standard of the names he owns.

 

[Bonsu]

I must sell sunsane.com for 10k

 

[Marshall]

If I posted this domain here in appraisal, the so called "Pro" come & told me it's waste of money etc.

People would thrash these type of names with a baseball bat in the Appraisal sections

 

[DaveX]

People would thrash these type of names with a baseball bat in the Appraisal sections

I wouldnt.

 

[promo]

How would you like to pay 250K in renewals PER MONTH?

Cause that is what MM has to do to make these sales. As he says "My sales are impressive, but my profits are not"...

 

[jideofor]

How does he do it? Anything special about them?
Strange amounts too?

if you want to know how he does it, just visit any of the domain name he owns. It is all about building a system with all the bells and whistles. Most buyers visit the domain name directly and they see a price as high as that with enticing features on the page as if it is a full blown corporate business they are dealing with which instill some idea of VALUE. That is, they are buy a very valuable domain name from a company they can trust. They also have a live chat on standby you know?

It didn't come so cheap to build such a system.

 

[DanBingham]

if you want to know how he does it, just visit any of the domain name he owns. It is all about building a system with all the bells and whistles. Most buyers visit the domain name directly and they see a price as high as that with enticing features on the page as if it is a full blown corporate business they are dealing with which instill some idea of VALUE. That is, they are buy a very valuable domain name from a company they can trust. They also have a live chat on standby you know?

It didn't come so cheap to build such a system.

Ok, so he just sets each of his domains to one of his generic landers which routes through Domain Market (also owned by him). Guess that's where he has a back office platform built on the back of this to record the stats/sales.

 

[DN Playbook]

if you want to know how he does it, just visit any of the domain name he owns. It is all about building a system with all the bells and whistles. Most buyers visit the domain name directly and they see a price as high as that with enticing features on the page as if it is a full blown corporate business they are dealing with which instill some idea of VALUE. That is, they are buy a very valuable domain name from a company they can trust. They also have a live chat on standby you know?

It didn't come so cheap to build such a system.

I agree with this. He also built a brand and is proactive in promoting that brand through advertising among other ways.

He doesn't rely on forums and mainstream marketplaces. I think what he does is within the ability of average domainers.

 

[DanBingham]

I think what he does is within the ability of average domainers.

Very true...

 

[promo]

Sure if the average domainer could afford to pay 250k a month in renewals then its within his capabilities........ But can they now?

 

[DN Playbook]

Sure if the average domainer could afford to pay 250k a month in renewals then its within his capabilities........ But can they now?

I wasn't referring to his volume of domains but regards to building a professional brand and proactively marketing it. Not talking about number of domains at all.

 

[omelet]

I think he gives a lot of us confidence in doing domain businesses.

Many of us are just too narrow minded and shortsighted


But one thing we should know that:

we only see his return and revenues at this moment, we didn't see his cost and sufferings. I am sure he wont disclose his loss and hardness.

This is just like I can let people know I sold 6 names with $2000 per sale in average, but I didn't tell them I spend 30k in renew my names....