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Domain Names – 10 years of flirting around. May 18, 2008

Posted by simarprit in Internet.
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Yes, I have been flirting around for more than ten years now. My flirtation with Domain Names started in 1998 and took the first lot of domain names – mapsofindia.com, economywatch.com, indiaprofile.com, indianholiday.com were my first few names. Three of them are no longer owned by Compare. In the second lot Indiaedu.com, 123world.com, dgreetings.com, christmascarnivals.com and bestindiansites.com. All except Mapsofindia.com, dgreetings.com and Indiaedu.com are now independtly owned web businessess. 

We kept on developing sites, and selling them, but the first domain name sold as a domain name happened only in 2008. We sold cardshub.com as a domain only. With over 4000 domain names owned it started looking that flirtation would eventually become a business.  Then one day I met Mike, he is an active domainer and an Internet focused Attorney.  Participating at Domain Name Roundtable formally initiated the Domain Business move.

Domains excite me, just 6$ spent wisely can host a Million or a Billion Dollar business. “Taken for Development” now has a companion “Taken for Resale”. A domainer is a domainer only if, he owns single word domains. We own two dictionary word domains now. LoL. I plan to take our collection to 100 eventually. Single word, two words as a phrase and complete sentences, the game works. The gross collection of Domains with Compare should also touch 100,000. With 100,000 you can sell 10 every day. The important thing is acquisition cost, lower the acquisition cost easier the exit works, but higher the acquisition cost, surer the exit also works.

Your domain is also worth what you project it for.  One particular gentleman was very active in Domain Name conference, he owns one generic, industry focused domain name. He thinks it is worth few million dollars, as of now only he thinks. He has made a booklet and goes all around talking about it on how valuable it can be for the buyer, he has approached quite a few potential buyers without any success so far. I thank him for giving an idea of how to go about big ticket Domain Name sale.

more to come…

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