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Mike Mann's $1 dollar investment got him $58k

Labeled as sales in Domain Industry News, started by Acroplex, Jul 14, 2020

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  1. Acroplex

    Acroplex Top Member DomainGang.com PRO VIP ★★★★★★★★★★

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    Mike Mann's prolific instinct led to the registration of Dance.co for $1 dollar, and its sale a decade later for an astounding $58,000 dollars.

    While Mike wanted $78k for the domain, this sale is remarkable: the domain was grandfathered due to owning Dance.com.co prior to Colombia opening up dot .CO in 2010. More info.
     
    Last edited: Jul 14, 2020
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  2. pb

    pb Established Member ★★★★★★★★★★

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    Great sale, I have dancers.co but I had to pay premium for the registration...
     
  3. iKhalyfah

    iKhalyfah Restricted (Market)

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    Sure he didn't pay premium for registration of Dance.co??
    Please enlighten
     
  4. Acroplex

    Acroplex Top Member DomainGang.com PRO VIP ★★★★★★★★★★

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    He basically got it for free when .CO went live 10 years ago. Registrants of matching .com.co domains were grandfathered.
     
  5. iKhalyfah

    iKhalyfah Restricted (Market)

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    Alright. Saw it was registered 10yrs ago m thanks
     
  6. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

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    Yes, it was a very smart move by him.

    He basically registered or acquired a bunch of top keyword .COM.CO and then was grandfathered into .CO without competition.

    Brad
     
    Last edited: Jul 15, 2020
  7. xynames

    xynames XYNames.com PRO VIP

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    Many of us have domains we paid a few dollars for a decade or so ago that we sell today for five figures. It’s easy to look at the small picture and be impressed. But we don’t all have $2.5M in domain renewal costs a year plus salaries and commissions and overhead of a sizable marketing team.
     
    Last edited: Jul 15, 2020
  8. BRANDERX.COM

    BRANDERX.COM Top Contributor VIP

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    The link isn't working..
     
  9. lock

    lock DomainUsed.com VIP

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    Could say that about nearly every domain sale to date and save the brown nose.
     
    Last edited: Jul 15, 2020
  10. Jimmysun

    Jimmysun Established Member

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    Congrets! wow, how many 10 years we have last...I am still seeing so many aged names regged in 1999-2004 now sell for $50-99 and that's a totally different story.
     
  11. Acroplex

    Acroplex Top Member DomainGang.com PRO VIP ★★★★★★★★★★

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    Bad domains are bad regardless of age.
     
  12. Mytz.com

    Mytz.com Top 4L Seller IEIE.com CUTU.com KKIK.com HRAD.com VIP Gold Account

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    I see him selling domain names every single day.
    But it's normal to have so many domains,
    So the point is, it's important to have a lot of domain names
     
  13. otismo

    otismo Established Member

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    unwise to be asset rich and cash poor

    when cash is king...
     
  14. frank-germany

    frank-germany domainer since 2001 / musician VIP

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    so did he get it for $1 USD
    or for free?

    and free renewals?
     
  15. Acroplex

    Acroplex Top Member DomainGang.com PRO VIP ★★★★★★★★★★

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    Mike Mann said $1 dollar, but I've explained what that really means.

    Renewals are to be expected if you want to keep a domain. Also, need to add the cost of strong coffee.
     
  16. John Bates

    John Bates Restricted (50-70%)

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    Strong confidence to hold on for 10 years!
     

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