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Your ROI% was actually 154% ($602 ÷ $390 = 1.54 x 100 = 154%).
Sold YouConvert.com for $1200 USD on Flippa with BIN.
Purchased by Zamzar.com
Acquired it for 390 USD + 14 USD renewal fee + 50 USD namebio promotion - $144 USD Flippa commission ;
1200-598 = $602 USD profit and 100% return
Hold time - 7 months.
Actually, it was closer to roughly 394% annualized since 154% was in 7 months
Your ROI% was actually 154% ($602 ÷ $390 = 1.54 x 100 = 154%).
True, but an annualized ROI makes no sense here because the activity is not repeatable. You can only sell the domain name once and collect your proceeds once. You cannot repeat it every 7 months. Therefore, the 154% ROI still stands.
True, but an annualized ROI makes no sense here because the activity is not repeatable. You can only sell the domain name once and collect your proceeds once. You cannot repeat it every 7 months. Therefore, the 154% ROI still stands.
Would you elaborate on that, please, I don't get your math? He invested total of 598 $ on that domain, not 390 $, and earned net of 602 $. Hence 602 / 598 = ~100%.