Unstoppable Domains

Rick Schwartz sold BestOdds.com for $3.6 MILLION

Labeled as information in Domain Industry News, started by Debasis, Jan 27, 2021

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  1. CraigD

    CraigD Top Contributor VIP

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    But you're happy, right?

    Seriously, having that sort of money would just make me paranoid and unhappy.
    How much money do you actually need before it becomes a full-time job just managing it?
     
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  2. Angelsscoutdomains

    Angelsscoutdomains New Member

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  3. lock

    lock DomainUsed.com VIP

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    He is married it is all prespent.
     
  4. johnn

    johnn WeSellName.com PRO VIP ★★★★★★★★★★

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    Only at night.
     
    Last edited: Jan 28, 2021
  5. lock

    lock DomainUsed.com VIP

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  6. lock

    lock DomainUsed.com VIP

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    hope nobody agrees.
     
    Last edited: Jan 28, 2021
  7. AEProgram

    AEProgram Top Contributor VIP Blue Account

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    I rather be paranoid from having to much money than having too little. Claiming that rich people are not happy and those with just enough are, is nonsense.
     
    Last edited: Jan 28, 2021
  8. lock

    lock DomainUsed.com VIP

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    Don't worry about @CraigD he loves the hippy mind set hates waste pollution etc but if this is the case he will still live out life as a multi miserableaire.
     
    Last edited: Jan 28, 2021
  9. Jv1999

    Jv1999 Wander Aimlessly: Redeemed Knight of the Exo-Tower VIP

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    More money comes with more problems.

    There's a reason why there are so many old sayings that say getting rich is bad.

    They say you spend more,,. You re unhappier..

    I would be a fool to think I'm above the old sayings
     
  10. Domainication

    Domainication Established Member

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    He defenetly owns that f***ing crown of domaining. Pray to the lord @Rick Schwartz!
     
  11. Kingslayer

    Kingslayer Top Contributor VIP

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    Amazing sale.

    Yeah automated appraisals are a waste of time and need scraping or totally revamping how it works.
     
  12. lock

    lock DomainUsed.com VIP

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    So it is a registered sale so...How is it calculated everyone jumps gun what is a deal worth over 10 years sharing income. The validation of sales history has most sales missing. I am not lapping this up respect given completely but going to say really...
     
  13. AEProgram

    AEProgram Top Contributor VIP Blue Account

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    Misery seeks company is also an old saying. People without money have been coming up with all types of saying to justify their misfortune. I know people from both sides, by far those with money have better lives. Money is not a guarantee of anything, but it certainly helps most people not the opposite.
     
  14. lock

    lock DomainUsed.com VIP

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    I know of people that don't think it represents happiness or see any need for more waste either.
    Be happy for the king for now. More keyword prices bumped. bestturds etc
     
    Last edited: Jan 28, 2021
  15. CraigD

    CraigD Top Contributor VIP

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    .
     
    Last edited: Jan 28, 2021
  16. wwwweb

    wwwweb Top Contributor VIP ★★★★★★★★★★

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    Actual sale price is $1.8M, royalty stream on betting site? Whose to get access to review their financials etc, offshore? Let’s see how much of that other $1.8M he gets... other than that the original $1.8M is above average on it’s own.

    I see Best-Odds.com at Dan, let’s see if that one disappears anytime soon.
     
    Last edited: Jan 28, 2021
  17. garptrader

    garptrader Top Contributor VIP ★★★★★★★★★★

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    If I had seen this name in an expiring drops list I would have probably passed over it. Phenomenal negotiation!!!
     
  18. WhoaDomain.com

    WhoaDomain.com WhoaDomain.com VIP Gold Account

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    Congrats to @Rick Schwartz . Just read the post. My take away? Based on memory?

    I will save in my brain.

    1. make an effort to put buy now prices for domains in my portfolio and make sure you prices ones in different categories. I like how Schwartz says he does this to basically le buyers know they are on Rodeo Drive where nothing is cheap. So when we get an offer on domains we don’t have on our portfolio site or make offer. At least the buyer gets the idea they are not dealing in the “ cheap seats”

    2. we don’t sell domains. We sell an idea.

    3. domain prices are based on what the highest or lowest price a potential single item sale can be sold for on the domain.

    4. A domain name is the intersection where the real world connects to the digital virtual world.

    5. Domainers don’t sell domains. We sell ideas.
     
  19. coolred

    coolred Upgraded Member Blue Account ★★★★★★★★★★

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    It's a great name, focused on a competitive sector with expensive PPC costs.
    Obviously worth much more than the ridiculous appraisal.
    Although high profile 7 figure deals come with publicity, links, and free advertising priced into the amount paid.
     
  20. AEProgram

    AEProgram Top Contributor VIP Blue Account

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    that was not directed to you, but to others saying this is some illegal transaction
     
  21. CraigD

    CraigD Top Contributor VIP

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    .
     
    Last edited: Jan 28, 2021
  22. AEProgram

    AEProgram Top Contributor VIP Blue Account

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    what about boatsforsale? maybe i'd put in on list to hangreg if i find a coupon on the floor

    Old saying "One man's trash is another mans treasure"
     
  23. Yusupbabay

    Yusupbabay presiden.com VIP Gold Account

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  24. DOMAIN ILLUMINATI

    DOMAIN ILLUMINATI Owner of ▲ the most expensive domain of all time. VIP Gold Account

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    No comment (except this one).
     
    Last edited: Jan 28, 2021
  25. CraigD

    CraigD Top Contributor VIP

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    Rick explains:

    "This original deal took 3 zoom calls and 45 minutes to come to our basic agreement. The hammering out of the contract between lawyers took about 7-8 weeks....
    The domain itself is priced at $1.8 Million (that was also the listing price) and then I get 10 years of royalties which will be another $1.8 Million."

    https://www.ricksblog.com/
     
    Last edited: Jan 28, 2021

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