Following entrepreneurs talking online about potential and past domain acquisitions can lead to the discovery of domain sales.
In a long thread that Daniel Vassallo started about SmallBets.com, a domain he’s been trying to get from Francois Carrillo, two previously unreported domain sales were mentioned.
Speaking about negotiation techniques, entrepreneur Erik Kaiser spent $30,000 dollars to acquire the domain Tycho.com using Escrow.com. That transaction took place in April 2021. The seller’s asking price was $75,000; Erik Kaiser reportedly lowered that price by encouraging the seller to take the cash and invest it in their passion, crypto, turning that investment into $100k.
Of course, we aren’t sure if the seller turned such a profit or if he turned the Fiat money into crypto to begin with. Erik Kaiser noted that he had heard of this technique of encouraging people to follow their dreams once they acquired a pile of cash, from the buyer of the domain Boxed.com. That sale took place in 2013 for the sum of $35,000 dollars. Source: NameBio.
The second domain sale involves the domain Foggy.com, that was acquired in May from its long-time registrant, Janet Fouts.
The current owner and buyer of Foggy.com proudly announced acquiring “a one-word 5 character for a decent 5-figure cost.“
It’s not just domain investors that are making money: Daniel Vassallo has been doing phenomenally well with his SmallBets.co domain name that was bootstrapped on Gumroad initially; Vassallo said that he made $500k without even having a domain name at the time.
But in the long run, owning your brand name as a .com is the best investment you can ever make for the long-term success of your business.
