According to his Facebook page Mike Mann has started off his new year right selling two domain names for a total of $37,000
Mike UVideos.com for $22,000.00 and Shaparak.com for $15,000.00.
Looks like Mike Acquired uVideos.com around February 2009 and Shaparak.com in April of 2011.
The total cost to acquire these two domains?
$87
According to Mike Mann who answered our question posed to him on Facebook, Uvideos.com was acquired for $79 and Shaparak.com was a hand registered domains at the cost of $8.
Congrats once again to Mike and his team.
RK says
Congrats to Mike.
I get many inquiries all day such as:
Is this domain for sale?
Or
What is the price of this domain?
blah blah.
—————————–
I send detailed response back and include the price.
Sometimes, the buyer will respond back saying I will pay only “X,xx” etc.
Question: What is the appropriate initial response to a sales inquiry?
Don says
Where’s the value with Shaparak.com?
Josh says
Iranian name I believe….likely not an Iran based buyer though, heard their dollar is tanking.
loveclip99 says
Congrats to Mike.
Ed says
What am I missing?
Tony says
Domaining is a numbers game. You have to have quality as well as quantity and variety.
In 2011, I sold about 1% of my portfolio of 5,000+ domains for over $200,000.
I can understand why Mike Mann is going after 100,000 domains/yr. I just don’t know how he’s achieving that.
JJ says
You have to consider the thousands other he registered that haven’t been sold before taking this “cost” number seriously.
Osy says
I am sure if I give Mike Mann some domains for which I receive $100 offers he could sell them for $500K each. Amazing seller…
RK says
@ Tony,
So how do you respond to the domain inquiries?
Thanks,
RK
Robert Clinee says
you all are dummies
$37,000 covers what – 5000 domain registration renewal fees.
he will need sales like this every other day of the week, if he is to just break even.
poor fool – his going to spend most his life filling Verisign coffers.
Tony says
RK,
I’m very terse with my replies. I usually reply with one liners asking what their best offer is. If they are truly interested in a domain, they will pursue you. If they are not and the domain is genuinely good, I am content with sitting back and waiting for the next offer.
I get idiotic $100 offers for some of my better domains all the time. I just don’t bother replying. It really is a numbers game and you just have to have enough good domains that attract enough genuine buyers with money. Ask for high prices and hold out until you get them. This all assumes you have domains worthy of that.
owen frager says
Least we forget that 25% of the thousands of Afternic reported sales are $2500 average sales on domains Name Media bought for apron $100 each- many hand registered by Mike.
good says
$8 –> $15,000
Where else do you see that level of careless spending? This is why domaining, the web in general, is so amazing. And also why it’s so disturbing.
Dumb money.
At the web.
Throw.
Where to find the highest concentration of suckers anywhere in the world? On the web!
$$$$ . 9y999 . $$$$ says
this is the kind of sales I want do! 🙂
David says
@ Robert C.
It’s alot more upside than the few hundred dollars you get for your LLL.co domains.
RK says
@ Tony
Thank you.
I follow almost same principles but I should cut my responses to very short too.
David says
After years of trying to figure out why some dubious quality names sell for top-dollar (but better quality namess never sell) I finally realized sales are simply a numbers game based almost entirely on how many domains are owned and luck, having very little if any credit to the skill of the domainer, marketing or overall quality of his names.
Michael H. Berkens says
David
To some extent your right.
But uVideos.com is a good name its not musuie3.com or mymamadoesntlikeyourmom.info
The other domain is a first name.
So neither are cars.com but they are something.
So yes you have to start having a domain that means something and/or something used in language or culture or commerce.
You then have to ask for the money.
Your not going to get $20K for a domain if you ask for $1K.
You also have to say NO to the low offers.
If you ask for $20K don’t take the offer of $1K.
Mike Mann says
Quality and quantity, good management and marketing processes, lots of automation and high level techies. Its extremely expensive and risky but betting against me might be a mistake nonetheless. Please see our methods at no charge http://www.mikemann.com http://www.bestpracticesguide.com and if anyone wants to start a new company with me please see the queue at http://www.prohr.com/executives
Mike Mann says
Also I read and understand the domain lists faster than most people and more hours and have a special understanding of the sales process since I have sold like 30,000 of them one at a time via our online systems here and at buydomains.
Beach Vacations says
I have found that those who covet money the least are often the most successful in life, financially speaking – provided they have skills, gifts, and/or assets that others need or want.
Positively Critical says
Off this list of comments:
David is smart.
Robert Clinee is genius.