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Domain Magnate reports: $50K in July Revenues

August 1

Despite the recession in US economy and a certain amount of uncertainty in the domaining market July 08 have been pretty good for me. I had around $50k in sales, with over 2/3 of it being profit. While most sales were private and the buyers preferred to keep them confidential, couple of the top sales are through public auctions so I can mention them here:

Dickinson.com $12K on Bido
Krom.com $5,5k through AfterNic
Harlot.com $5145 on Bido (I owned 50% of this one)

I rarely disclose my earnings and report sales, however I feel this is needed to encourage others to see the hidden opportunities in domaining. What I like most about the industry are the large gaps. Appraisals always range widely and so do auctions and sales, it’s not unusual to see domains being resold for 2x and more shortly after.

For example I purchased the domain tude.com for $1k several months ago. It was clearly a bargain, however the state of the cvcv.com domains was such at that time that many bargains were available and there are still many, (this price might look low, but at the same time I saw another premium cvcv.com domain sold for just $25 (!?!) on domainstate, only to be resold for ~$3k few days later). Shortly after that I sold the domain for $3750 on dnforum and only a week later it was resold again for $7400! The domain also had significant type in traffic and revenue, so I wouldn’t be surprised to see it change hands for a higher amount again.

The opportunities are countless and they are all out there for those who are ready make the effort and seize them!

This entry was posted on Friday, August 1st, 2008 at 8:14 am and is filed under Auctions, Bido, Opinions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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9 Responses to “Domain Magnate reports: $50K in July Revenues”

  1. Leonard Britt Says:
    August 1st, 2008 at 2:06 pm

    I would be interested in knowing how you find most of your buyers. Or do they find you?

  2. robb Says:
    August 1st, 2008 at 5:43 pm

    Thanks for sharing, nice to see what kind of results people are getting.

    I’ve actually got some of my best deals in domains this year. Out of the blue, a drop company emailed me if I wanted to buy the .com versions of two domains I owned in .ca and .info. They started out asking high xxx but ended up selling to me for $100 each without much negotiation. One was a real estate domains (cityname + homes), and the other was a one word .com

    also got a decent geo .com in a forum (a two word place name with a dash), and a medical term .org in a forum

    There are bargains out there if you look, and sometimes they fall in your lap.

  3. Damir Says:
    August 2nd, 2008 at 10:42 am

    Sure there is money to be made.

    Positive mindset is the key

  4. bd77 Says:
    August 3rd, 2008 at 12:07 am

    Its nice to see somebody making money Domaining. You wouldn’t want to tell everybody your secrets? Hell if I did that much in one month a year I’d be set.

  5. My Domaining Strategy + A little Test | Domain Magnate Says:
    August 3rd, 2008 at 3:28 am

    […] do I make money […]

  6. Stian Eng Holtet Says:
    August 18th, 2008 at 11:47 am

    Yeah Tude.com was a nice flip indeed. :)

    Great article Michael, looking forward to doing business again soon!

    Best regards,

    Stian

  7. Allroundguy Says:
    August 26th, 2008 at 1:34 am

    Good stuff, Michael!

    IMHO there are no secrets …
    There are the rules of demand and supply, ICANN, IANA, WIPO, W3C, etc.
    Some “FingerSptzenGefuhl” is necessary, too.
    IMHO best deals comes from buyers initiatives.

    Success further on!

  8. The "$50k Online Money Per Month" Thread - Net Builders Says:
    December 26th, 2008 at 7:28 am

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  9. The "$50k Online Money Per Month" Thread - Page 5 - Net Builders Says:
    December 28th, 2008 at 11:46 am

    […] Originally Posted by DomainMagnate Here is another one Domain Magnate reports: $50K in July Revenues | Domain Magnate […]

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