A blogger, Mike Jackness, has just written a post about how he just sold the domain name WebSiteHosting.com which he purchased in just January of this year for $190,000 for a whopping $415,000.
Since acquiring the domain, he turned down in a style that would make even the Domain King proud offers of $250K and $300K and $401,000 before agreeing to sell the domain for $415,000:
“Shortly after I purchased WebSiteHosting.com I received an offer of $250,000 for the domain. ”
“Then, about 2 weeks ago I was contacted by another guy looking to pickup this domain name; his offer was for $300,000. I had done a significant amount of work since the $250,000 offer, so I turned this down too.”
“I spent a couple hours figuring out what the right price would be; I came up with $415,000.”
“Once I came up with my price of $415,000 I communicated that to the guy who made the $300,000 offer. ”
“He responded with a counter offer of $401,000 within a couple hours, but I held my ground. ”
“I decided to just be straight with this guy. It was $415,000 or I wasn’t going to sell. Anyway, long story short, he accepted.”
Mr. Jackness even included a screen shot of his escrow.com account showing the $415K sale.
A $190K purchase turned into a $415,000 sale in less than 6 months, certainly showed all of us “domainer” types how to do it.
We just got schooled
For the record Mr. Jackness describes himself as a:
“I’m an entrepreneur who specializes in the online affiliate industry.”
Guess he should add domainer to his description.
Congrats.
Well Played
Really?
Online marketing is right lol
It’s a great sale no matter how you look at it. That said, looks like the sale came with the website he built on the name so not a pure domain sale.
Its amazing how people are ready to spend 2k on escrow.com to promote themselves.
Awesome flip. Congratulations on seller holding his ground
Wow… great numbers. He doubled his money… its very hard to do that in any other investment industry.
Just my perspective.
Cheers
Should be in the Entrepreneur , Business Week and Wall Street News…
great sale, their is big affiliate money in website hosting. Also crazy amount of money to make within 12 months.
value of a domain name is mostly looked at the traffic it generates and the possibility of a domainer buying it and looking to resell it for a profit or develop it. for an end user of the domain name their purpose is much different and thats the reason they pay top dollar. By recent sales like runningshoes.com, datacenter.com suddenly names like wintercoats.com seem to fetch 6-7figures.
Could have it for longer but it’s hard to argue against money in the bank
What is better than escrow.com?
Great flip and something that anyone else could have done if they had bought this domain in January. but kudos to Mike for actually doing it. I think these kind of opportunities are all around the domain world, though not always with this much money involved.
Excellent example, great business sense, the CPA on website hosting is huge, wonder how long it takes to creep onto page 1
Gotta love a fast flip like that . . . I know of a few others. You know it’s not often that they’re public like this . I got one on record. 🙂
MHBStyle negotiation…. Sweet Flip!
Wow! What a Quick Flip. Extremely Inspiring Story!