61 of the 76 top domain sales reported over one million dollars are single word names. This says a lot right off the bat. Out of millions of domain names registered only 76 have been reported to sell over one million dollars. You actually have a better chance of being struck by lightning (576,000 to 1) than selling a domain name for one million dollars plus.
Quite honestly, the odds are stacked against us even more. The pioneers of our industry like Rick Schwartz and Kevin Ham, have been struck by lightning several times. Every time they get struck one of us looses a chance. Of course there are two sides to every coin and with this example if it weren’t for those sales there would be no chance for us at all to begin with.
To own a one word category killer at this point is nearly impossible. I say “nearly”, but not impossible. What would it take to get your hands on a domain name of this magnitude? Money and lots of it. The most recent example is Candy.com which Rick purchased for $300,000 (ballpark) a few years ago. This year Rick sold the domain name for $3million dollars plus incentives. I hear the following a lot, “I wish I registered domains ten years ago”. Of course that would be the ideal situation is to acquire the premium one word names, but as Rick’s example has shown us it’s not the only way.
Owning such a domain name is only a part of the equation. It takes a lot of balls and big ones at that. Why? Imagine the amount of offers received for a name like Candy.com. Rick has said himself that he has received countless amounts of offers. Really, 99.9% of domain investors would have taken a million dollars for Candy.com and still been extremely happy.
In closing, choose wisely and invest in category killer domain names if you want a chance at the big sale.
That should be “to own a one-word category killer *.COM*…is nearly impossible.” As it is quite possible if you are a believer in cctlds.
Correct, sorry that is what I am referring to, one-word dot coms.
And there are still names out there that you can get for GOOD prices to invest in.
I have lots of excellent one work .com & .net for sale from $$,$$$ – $$$,$$$ on behalf of clients and each are names that should get seven figs easily.
Only a few weeks ago I brokered a name 3 char .com An actual word not an acronym – but the sale price was only $20k – I cant name the domain but there are deals out there to be done people.
Regards,
Rob
I can tell you this…..I have some primo one word domains that I have owned and only two people or so have contacted me about them in 14 years of ownership, whereas others I get bombarded on.
It really strange and I don’t know what is like that, but it is what it is. I have spoke with others that have great domains and they have some experiences like this also.
So here’s my point…..they can still be had since people with domains like those may actually not have been contacted as much as you think. Also, how many times does one of get an email saying, “Is xxxxx.com for sale?” and nothing else and we never respond at all? Those owners do it too. So IMO it is all about being aggressive in contacting those owners, because most other investors will not be.
Very true.
Sitting on the sidelines waiting for an offer is not going to work. Not only getting on the phone with or sending letters but flying over to meet with the heads of large corporations and give a powerful presentation of what the possibilities are.