information Rick Schwartz sold BestOdds.com for $3.6 MILLION

[Debasis]

Rick Schwartz sold BestOdds.com for $3.6 MILLION

As he known as DomainKing He sold the domain bestodds.com for
3 6(1.8+1.8)M

1.8M would be the royalty and @estibot appraisal price was $730 and now it's showing even lower $530 .( Keeps changing)
Also he commented on estibot and other domain appraisal tools #fail #fake and #f¢ukedup .

Archived source.

 

[wwwweb]

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.

 

[garptrader]

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

 

[WhoaDomain.com]

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.

 

[coolred]

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.

 

[AEProgram]

Where exactly did i make a terrible accusation?

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

 

[CraigD]

.

 

[AEProgram]

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

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"

 

[Yusupbabay]

the best domain investors
@Rick Schwartz

 

[DOMAIN ILLUMINATI]

No comment (except this one).

 

[CraigD]

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/

 

[alop]

I love John ..I mean what was the topic again ** ? I was sidetracked VERY quickly

 

[TauseefKhan]

Amazing sale. Beating the appraisals odds heavily.

 

[johnn]

I love John ..I mean what was the topic again ** ? I was sidetracked VERY quickly

The Topic was
"How a Woman Spent $3.6 Million on 36 Minutes"

 

[Bla2e]

Let's be honest, if any of us saw this on auctions today, how many would pay more than the estibot appraisal? Let alone 4, 5, 6, 7 figures as an end-user. Ridiculous. But it only takes one buyer who is in love with a name.

True but the value is always in the eyes of the buyer.

I may not give more than $10k for footballteams.com (not a fan of sports) but I'd give more than a million to acquire my LASTNAME.com (unfortunately I own the .co of it)

All in the eyes of the buyer...

 

[alop]

So my wife said ....

 

[alop]

Sorry I stole the joke

 

[MapleDots]

I would have used this title...

Rick Schwartz beats the odds and sells BestOdds.com for $3.6 MILLION

 

[chenzen]

The people doubting betting related domains should know that an average Joe pays $100/hour just to get a bot (that bets on his behalf) developed by a developer. It is an extremely profitable business. I have worked on a bot that just copies a bet from one account to another and was paid $75/hour. I checked his accounts and his weekly earnings were between -$2000 to $10,000 per account/website. That was just a copy bot.

 

[alop]

The things we invest our money in ...can I please get my wife back

 

[Jv1999]

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

Wait i thought that's only something newbies would say lol. So we're not in a different boat! The pros from 2000s also get blindsided by these million-dollar sailz like Rise///Up?? :D