Meet the Man Who Registered 14,962 Domains in 24 Hours

69 replies
This is Michael Mann. Last week, in a binge lasting less than 24 hours, he registered 14,962 domains. He plans to sell them on to the likes of you and me, at an inflated price, to make a bucket load of cash--which is how his company manages to pull in over $400,000 every month.

Mann set up shop as a domain reseller in the late 1990s, when he lucked out and made $50,000 from selling on a domain he originally purchased for $70, reports CNET. Since then, he's been unstoppable. He built up a company called BuyDomains that he sold in 2005 for $80 million. Now he's set up DomainMarket.com, a business that brings in about $400,000 a month.

It's not all complete guesswork or computation, either. While much of his business is automated, using filters to pick out domain names based on Google-friendly keywords, in the end Mann actually chooses which domains to buy.

He explains to CNET:

"We have a filter, but I'm the world's most efficient human filter for this sort of thing. I don't think anyone can read huge lists of domain names as quickly as I can and understand what they're reading. I'm a pattern reader. It's a huge pain in the ass, but it's what I do for a living."

Once he's chosen which to buy, the purchasing is completely automated. In this last buying binge, he's bought domains like CeoHealthClub.com, ChineseFoodCatering.com and BaptistChurchCamp.com. He hopes to turn his $100,000 outlay into a small fortune; looking at his track record, it seems likely he'll succeed.

Meet the Man Who Registered 14,962 Domains in 24 Hours


So, thoughts, please - has any Warrior come close to this - or bought from his company,please?

Raymond
#962 #domains #hours #man #meet #registered
  • Profile picture of the author Patrick Batty
    Holy &*(_
    Good luck to him. Not my cup of tea, but who can argue.

    No wonder I can never find the name I want. ;.)
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    • Profile picture of the author BenL86
      Originally Posted by Patrick Batty View Post

      No wonder I can never find the name I want. ;.)
      Haha no kidding!

      But wow, that really is amazing.. Just another one of those "I wish I thought of that" sort of things.. Ahh, oh well.
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  • Profile picture of the author lotsofsnow
    Yes, I have bought many domains too...

    I guess that is the only vague similarity.
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  • Profile picture of the author Palusko
    It's a speculation with no added value for no one (but himself). Honestly, I hate that kind of a business model.
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  • Profile picture of the author DeadRooster
    <<<-------- Meet the man who registered 40 WORTHLESS domain names.
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    • Profile picture of the author Blackhat Articles
      @DeadRooster <<<-------- Meet the man who registered 40 WORTHLESS domain names.

      LOL....
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    • Profile picture of the author TamaraBolte
      Originally Posted by DeadRooster View Post

      <<<-------- Meet the man who registered 40 WORTHLESS domain names.
      < < < ------ Meet the woman who registered at least 5 x 40 well researched domains, didn't know the business well enough to flip them straight up, didn't have time to develop them to flip sites, and has let half of them go.

      I have a friend who has 1,500 domains, constructed an automated system build sites and post automated content to them all ... not sure how the model is working for him but his goal is to make something like $0.80 a day and has calculated he will be in the bucks. I can imagine that Google's Penguin hit him hard though.

      I also know someone who has over 7,000 domains, pays over $50,000 a year to keep them, does something else entirely in IM (is very successful at this other thing), doesn't know how to sell the domains straight up to even break even, doesn't have time to develop his domain name collection for flipping despite having several people working for him, can't let the domains go...

      I think all of this might go to show we are hoarders! It's like a reality show gone wrong lol! "It seemed like a good idea", "Can't let it go because what if it is a good idea, I might miss out". Good thing these are digital pets instead of dogs or cats.

      Tamara
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    • Profile picture of the author The Copy Nazi
      Banned
      Originally Posted by DeadRooster View Post

      <<<-------- Meet the man who registered 40 WORTHLESS domain names.
      LOL. We've all done that Dude. I once registered http://www.bongsR.us . But in my defence it was part of a story I did on a hippie community.
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    • Profile picture of the author Delsworld
      Originally Posted by DeadRooster View Post

      <<<-------- Meet the man who registered 40 WORTHLESS domain names.
      Lol.. Ive been there myself
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  • Profile picture of the author Romeo90
    Wow, I once registered 10 in the space of an hour, and I thought I was pushing it then!

    But good luck to him I guess, he has found something profitable and has ran with it.
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  • Profile picture of the author Romeo90
    Wow, I once registered 10 domains in an hour, and I thought I was pushing it then.

    But He has found a money maker and has ran with it, so good luck to him I guess.
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  • Profile picture of the author Steven Miranda
    Wow, that is a lot of domains....
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  • Profile picture of the author AlisonTaylor
    I bet he will tryto outdo himself in not so distant future, talk about ruining the web space for everyone else. No wonder it's impossible to find domains nowadays..ugh!

    RANT OVER
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    • Profile picture of the author Kal Sallam
      Originally Posted by AlisonTaylor View Post

      I bet he will tryto outdo himself in not so distant future, talk about ruining the web space for everyone else. No wonder it's impossible to find domains nowadays..ugh!

      RANT OVER
      Just add an X to the begining or end of any domain you really like
      That is unavailable, and your back in business!
      You can also add the letter E at the start of your domain.
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      • Profile picture of the author mindreaderwriter
        Banned
        Originally Posted by Kal Sallam View Post

        Just add an X to the begining or end of any domain you really like
        That is unavailable, and your back in business!
        You can also add the letter E at the start of your domain.
        That's a good idea, Kal. I've seen a lot of my clients doing that.
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      • Profile picture of the author elexmedia
        Originally Posted by Kal Sallam View Post

        Just add an X to the begining or end of any domain you really like
        That is unavailable, and your back in business!
        You can also add the letter E at the start of your domain.
        What a wonderful method! I've never thought about it before...

        But, still it's very expensive nowadays to have a good domain name... :confused:

        Originally Posted by ElaineHenderson View Post

        Is he going to build the sites also and sell them, or he is just selling the domain names? I don't believe it is possible to make much more from what you spend for just re-selling.. I don't have good knowledge on it, but it sounds not too easy to me.
        He just re-sell the domain names without give additional value...
        Yes, it's not easy... You need big capital to buy the domains without know if the domains will be sold or not... You must look at the market everyday and review domains. It's a very repetitive tasks and very very boring job.
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  • Profile picture of the author Eduard Stinga
    Guess we now know who we need to thank when we don't find the domain we want available, we check it to see what's on it, and there's nothing on it.
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  • Profile picture of the author joaquinaleman
    Banned
    I think is a good idea to invest in domains, but if is only your main business, for a newbie without money is really hard, you must have money to invest and make good returns
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  • Profile picture of the author CodeBotics
    And I thought I'd registered a lot of domain names.. Mind you, he's making money from his!
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  • Profile picture of the author Jay F
    For that many domains, you really need an infrastructure to support it. The software to analyze and buy them must have been a mini-fortune. So, he'll likely be doing a lot more of these buys to make the money back.
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    • Profile picture of the author opp2012
      he uses webfire i think , i have bought 16 in the past week and have used webfire tool to help me buy recently disolved , some are so new that whois page is stil cached , i simply send a letter to the previous owner asking if he meant to let his domain go , if not then we have a nice cup of tea together and we make a few quid
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      • Profile picture of the author CoolWarrior
        Geez! In biz, they have anti-trust laws limiting a company for buying up companies and dominating things. But there's no law in the domain name industry I guess!
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        • Profile picture of the author Gene Pimentel
          Originally Posted by CoolWarrior View Post

          Geez! In biz, they have anti-trust laws limiting a company for buying up companies and dominating things. But there's no law in the domain name industry I guess!
          That's because a domain name is a PRODUCT, not a business. Just as you may purchase as many telephone numbers as you'd like, and you can purchase as many PO Boxes as you'd like, you may also purchase as many domain names as you'd like.
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          • Profile picture of the author R. Shawner
            He does what every other business in the world does: Realizes there's a system in place. Exploits it. Makes money. It's that easy really.
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            • Profile picture of the author dannn1
              Sure he makes a lot of money, but he also takes the opportunity away from small business owners and not-for-profits to have a decent domain name. By snatching up thousands of domain names in one shot and reselling them for a higher price, he makes it more difficult for smaller organizations and individuals to get in on the Internet.

              It also doesn't sound like he really does anything productive or beneficial to others in his work (other than himself and those he works with of course).
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              • Profile picture of the author davezan
                Originally Posted by dannn1 View Post

                Sure he makes a lot of money, but he also takes the opportunity away from small business owners and not-for-profits to have a decent domain name. By snatching up thousands of domain names in one shot and reselling them for a higher price, he makes it more difficult for smaller organizations and individuals to get in on the Internet.

                It also doesn't sound like he really does anything productive or beneficial to others in his work (other than himself and those he works with of course).
                Well, doesn't society mainly exist by engaging in mutually-agreeable exchange of
                value where no one's forced to do anything against their will?

                If you have undeveloped land, would you appreciate being forced to give that up to
                a businessman looking to build a small mall or even condos on it, just because your
                price isn't acceptable? BTW, that's somewhat what happened in this decision:

                Kelo v. City of New London - Wikipedia, the free encyclopedia

                Yes, it sucks you can't have what you want. OTOH, would you want something like
                that above to happen to any of you unless you don't mind or cause material harm to
                somebody?

                Originally Posted by WillR View Post

                Interesting. Still, even with the money he is earning, I don't think I would be rushing out of bed in the morning. Sounds like quite a boring and laborious job. Each to their own I guess.
                If anything, Mr. Mann is treating this as an act of passion. Kind of like why Warren
                Buffet enjoyed speculating and all, and happened to make a lot of money along the
                way.

                Did he create value for anybody? That probably depends who he "should" be doing
                that to or for, although he shared his riches with whoever he felt like without being
                necessarily forced to.
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              • Profile picture of the author IMSince2003
                Originally Posted by dannn1 View Post

                Sure he makes a lot of money, but he also takes the opportunity away from small business owners and not-for-profits to have a decent domain name. By snatching up thousands of domain names in one shot and reselling them for a higher price, he makes it more difficult for smaller organizations and individuals to get in on the Internet.

                It also doesn't sound like he really does anything productive or beneficial to others in his work (other than himself and those he works with of course).
                I totally agree. Does not do anything beneficial. Anticipates something that someone will want one day and hijacks it and holds it for ransom to the highest bidder. *sigh*
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              • Profile picture of the author Wendy Maki
                Originally Posted by dannn1 View Post

                Sure he makes a lot of money, but he also takes the opportunity away from small business owners and not-for-profits to have a decent domain name. By snatching up thousands of domain names in one shot and reselling them for a higher price, he makes it more difficult for smaller organizations and individuals to get in on the Internet.

                It also doesn't sound like he really does anything productive or beneficial to others in his work (other than himself and those he works with of course).
                I really couldn't disagree more. No one is keeping anyone off the internet. Not only are there millions more available domain names than there were two years ago, it's easier and cheaper to get onto the internet than ever before.

                And as Wallace Wattles said a very long long time ago, the large companies are not keeping opportunity away from anyone!

                As for the worth of what that domainer (as they are known as) is doing. I would say that any organization that has paid over a million dollars for a domain name (and there have been more than one!) is voting with its dollars as to the value that they believe a name has.

                Finally, you don't hear people saying that holders of real estate are keeping anyone from the opportunity to buy real estate... and yet in that case it would be more true, since that is a truly limited quantity unlike domain names which are infinite, and has a true price barrier unlike domains which are pretty well all under $50 no matter what the extension is!
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                • Profile picture of the author IMSince2003
                  Originally Posted by Wendy Maki View Post

                  Finally, you don't hear people saying that holders of real estate are keeping anyone from the opportunity to buy real estate... and yet in that case it would be more true, since that is a truly limited quantity unlike domain names which are infinite, and has a true price barrier unlike domains which are pretty well all under $50 no matter what the extension is!
                  Oh really? I guess you missed all of the top waterfront properties all over the world that were bought up by large corporations & wealthy land owners who then proceeded to jack the prices up so that people like us could never buy a piece of waterfront property. Or even worse, built large buildings obscuring the water so that everyone's homes behind them no longer had an ocean view. I'm sorry, but you've got to be kidding. That's just a tiny example. Tons of people have been run off their land by speculators jacking up prices making it impossible to buy or hold land in certain places.
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                  • Profile picture of the author Wendy Maki
                    Originally Posted by IMSince2003 View Post

                    Oh really? I guess you missed all of the top waterfront properties all over the world that were bought up by large corporations & wealthy land owners who then proceeded to jack the prices up so that people like us could never buy a piece of waterfront property. Or even worse, built large buildings obscuring the water so that everyone's homes behind them no longer had an ocean view. I'm sorry, but you've got to be kidding.
                    Point taken. Probably not the best example. I guess people do complain about real estate being grabbed up. Hmmm. I wonder if too many domain names could be considered to be obscuring the view? Just sayin...

                    BTW, I really think there are still plenty of beautiful waterfronts available around the world. Of course, there's always going to be some places that are out of reach. I couldn't afford Manhattan, for example.
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          • Profile picture of the author TamaraBolte
            Originally Posted by Gene Pimentel View Post

            That's because a domain name is a PRODUCT, not a business. Just as you may purchase as many telephone numbers as you'd like, and you can purchase as many PO Boxes as you'd like, you may also purchase as many domain names as you'd like.
            This is a really smart and really true post, thank you Gene Pimentel!

            Tamara
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  • Profile picture of the author Brandon Tanner
    Originally Posted by Raymond DuFoy View Post

    It's a huge pain in the ass, but it's what I do for a living."
    Yeah... it sounds like he's suffering all the way to the bank.

    I would be willing to suffer his "pain" for $400K a month!
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    • Profile picture of the author cashp0wer
      Good for him and I'm glad it works for him (as it obviously does). Not my type of business model even though I would like to be making that kind of money.
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  • Profile picture of the author Doctor Derp
    He owns HappyBirthday.com? And he's selling it?

    The dude is a frikken' Badass!! Totally awesome blend of sweet tech & uber-skillz... Hats off to the Mann.
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  • Profile picture of the author neodarth
    Talking about speculation!

    That's the kind of guy who send you an email telling you that you are the owner of a crappy howtoloseweight.info and he will gladly sell you the .com for $100K.
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  • Profile picture of the author Alex The Lion
    I wonder just how many dud domains he has purchased during his time
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  • Profile picture of the author lanotdesign
    I cannot complain, that means more business for webdesigners and developers like me.
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  • Profile picture of the author Brian Tayler
    I don't envy him or his business. I don't see any real value he is providing to his customers and thus isn't a business I'd want to be in.
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  • Profile picture of the author Wendy Maki
    Domain investing is nothing new. Someone has just made a nice PR stunt out of it. There are plenty of domain investors around who hold "portfolios" of thousands upon thousands of domain names. They work on it as a numbers game. At first, it was kind of behind the scenes, but now it's so recognized as a valid form of investing that I've heard that now even investment firms like banks allow domain portfolios or have them themselves. Basically, the comparison is real estate investing, where companies buy up tracts of land because they expect them to appreciate.

    As to whether domains will ever run out... well, there's new domain extensions being released all the time.
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    • Profile picture of the author TamaraBolte
      Originally Posted by Wendy Maki View Post

      I've heard that now even investment firms like banks allow domain portfolios or have them themselves. Basically, the comparison is real estate investing, where companies buy up tracts of land because they expect them to appreciate.

      As to whether domains will ever run out... well, there's new domain extensions being released all the time.
      Excellent points. Include one's domain portfolio as a business asset, not just a business expense.

      And new domain extensions will be released all the time.

      I myself am wondering if with comparable investment of time and effort, if a the same domain name in a dot-something will ever trump a dot-com. Google only knows. Wish I knew.

      Tamara
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  • Profile picture of the author elexmedia
    This guy is a very, very big player in domaining business...
    "We have a filter, but I'm the world's most efficient human filter for this sort of thing. I don't think anyone can read huge lists of domain names as quickly as I can and understand what they're reading. I'm a pattern reader. It's a huge pain in the ass, but it's what I do for a living."
    He surely have a unique skill
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  • Profile picture of the author WillR
    Interesting. Still, even with the money he is earning, I don't think I would be rushing out of bed in the morning. Sounds like quite a boring and laborious job. Each to their own I guess.
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    • Profile picture of the author Wendy Maki
      Originally Posted by WillR View Post

      Interesting. Still, even with the money he is earning, I don't think I would be rushing out of bed in the morning. Sounds like quite a boring and laborious job. Each to their own I guess.
      I think the thrill is a little like fishing (real fishing, not phishing ) ... all those hours of waiting for a nibble on a little line... but the thrill is the possibility of getting the BIG one! For others, I think it's a bit like accounting, an acquired taste :p
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    • Profile picture of the author elexmedia
      Originally Posted by WillR View Post

      Interesting. Still, even with the money he is earning, I don't think I would be rushing out of bed in the morning. Sounds like quite a boring and laborious job. Each to their own I guess.
      Yes... In domaining business, you really need dedication to doing repetition tasks. And you're doing it alone without need a team like other business did. The job seem to be a very lonely job...

      Originally Posted by Brian Tayler View Post

      I don't envy him or his business. I don't see any real value he is providing to his customers and thus isn't a business I'd want to be in.
      He is really a trader. I think in trading business, it's all about buy/sell to make money without give value to other people.

      Just look at stock trading, the investors only think to make money as much as much possible, and do not care at all about making value or solving problem... It's how the trading world works.
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      • Profile picture of the author Cee
        If he sold his company for $80 million he certainly has the money to back it up. Most people simply can't afford to buy over 14,000 domains without being sure that any of them will sell at a substantial profit. It's a huge gamble. Like short selling on margin.
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        • Profile picture of the author mikeink
          He must of did a lot of footwork prior to his purchase.
          Set up things with the sellers.

          That is did he preorder in the days or weeks before.(reserved the names for purchased on that date?

          May haved had a team to help him do it.

          Did he purchased all of them from the same place, or from several places?

          Do the math, are YOU able to pick out that many names, in 24hrs??

          This works out to 624.41 names per hour, in that 24hrs.

          Can you or him show actual proof that it was done?


          That link shows a site that said he did it. Do they have actual figures to show it was done?

          Nothing is impossible to do. It just takes time and getting it done right.

          The earth was found to be a sphere.

          Humans have been to many places in the last century that someone stated was impossible.
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          Well let me see. OH yea need to start work on my ???????? again.
          Been working for slave wages to long.

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    • Profile picture of the author sbucciarel
      Banned
      Originally Posted by DeadRooster View Post

      <<<-------- Meet the man who registered 40 WORTHLESS domain names.
      <<<<<<------------- and the woman who registered hundreds of worthless domains unless she came to her senses. lol

      Originally Posted by dannn1 View Post

      Sure he makes a lot of money, but he also takes the opportunity away from small business owners and not-for-profits to have a decent domain name. By snatching up thousands of domain names in one shot and reselling them for a higher price, he makes it more difficult for smaller organizations and individuals to get in on the Internet.

      It also doesn't sound like he really does anything productive or beneficial to others in his work (other than himself and those he works with of course).
      Yeah ... don't you just hate it when someone beats you to the punch. There's tons of domains. You only need to look and research. People have built businesses on speculation for ages, from stocks, to jewels to baseball cards to Barbie dolls/old toys ... you name it. Domaining is a thriving, legitimate business model.

      Originally Posted by WillR View Post

      Interesting. Still, even with the money he is earning, I don't think I would be rushing out of bed in the morning. Sounds like quite a boring and laborious job. Each to their own I guess.
      Nothing would bore me that brought in $400,000 per month.
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      • Profile picture of the author Brian Tayler
        Originally Posted by sbucciarel View Post

        <<<<<<------------- and the woman who registered hundreds of worthless domains unless she came to her senses. lol
        Hah I remember a couple years ago buying up every single XXXX.com (four letter domain) I could find that weren't registered. Some were good, most were crap. Spent over 4-5k I believe.
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        • Profile picture of the author Wendy Maki
          Originally Posted by Brian Tayler View Post

          Hah I remember a couple years ago buying up every single XXXX.com (four letter domain) I could find that weren't registered. Some were good, most were crap. Spent over 4-5k I believe.
          What did you end up doing with them?

          I know the renewal costs can be nuts over time, but from what I'm seeing, the 4 letter .coms are just starting to come into high demand. They're getting used as acroynms and such, now that even bigger companies are having to pick up long tails and the 3 letters are really difficult to get now.
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      • Profile picture of the author Toplink
        I'm sure some people do make good money out of selling domains. I get offered domain names all the time by resellers.

        But it's not that hard to get a domain, so why pay inflated prices?

        ie. I want to sell red shoes online. So I look for redshoes.com But it's gone.

        Just add another word......

        So why not buy.

        redshoes4U.com
        yourredshoes.com
        bestredshoes.com
        redshoesrock.com
        justredshoes.com
        redshoesonline.com

        With the right content and SEO I think any of these domains would do just as well as redshoes.com
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        • Profile picture of the author Wendy Maki
          Originally Posted by Toplink View Post

          I'm sure some people do make good money out of selling domains. I get offered domain names all the time by resellers.

          But it's not that hard to get a domain, so why pay inflated prices?

          ie. I want to sell red shoes online. So I look for redshoes.com But it's gone.

          Just add another word......

          So why not buy.

          redshoes4U.com
          yourredshoes.com
          bestredshoes.com
          redshoesrock.com
          justredshoes.com
          redshoesonline.com

          With the right content and SEO I think any of these domains would do just as well as redshoes.com
          Absolutely. redshoes.com isn't worth it to you. It might be worth it to someone else. Market forces at work. And there's plenty enough opportunity still available that you can still do just as well as redshoes.com, if you do enough other things. Meantime, you weren't "deprived" of anything just because someone else was willing to pay top dollar for redshoes.com. I just don't "get" the level of emotional reaction that some people have when some domain names are bought up by others.
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  • Profile picture of the author rabbikhan
    Banned
    [DELETED]
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    • Profile picture of the author bamstk090
      Originally Posted by rabbikhan View Post

      He is not a man he is a robot I think.lol
      not robot but just ordinary domain hunter
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  • Profile picture of the author ElaineHenderson
    Is he going to build the sites also and sell them, or he is just selling the domain names? I don't believe it is possible to make much more from what you spend for just re-selling.. I don't have good knowledge on it, but it sounds not too easy to me.
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  • Profile picture of the author J50
    I have to laugh at the hypocrites in this thread who talk about not adding value. I bet most of those people are selling information for high prices that's freely available anyway. So those who doubt this guys business model, please enlighten us with what 'value' you're adding?

    This is free market capitalism, if you don't like it move to some communist or socialist country.
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    • Profile picture of the author MrElectric
      Originally Posted by vn View Post

      I have to laugh at the hypocrites in this thread who talk about not adding value. I bet most of those people are selling information for high prices that's freely available anyway. So those who doubt this guys business model, please enlighten us with what 'value' you're adding?
      If your selling info that someone could find for free anyway, your still giving that person value in the form of saved time. You've taken info that the person either didn't know how to find on their own, or didn't want to take the time to do the research themselves. You've done the research for them and therefore saved them time, and since time is essentially a form of money, you've gave them something of value in return. This is why people purchase info products. If you don't understand that then I don't know what else to say.

      Now whether or not you believe this guy's business model is ethical or not is a different debate, but comparing what he does to marketers who sell info is bogus. I would argue this guy is extracting money from the economy without adding any value whatsoever, at least none that I can think of. I'm not saying its evil or that I wouldn't do it either, but lets at least recognize it for what it is.
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      • Profile picture of the author davezan
        Originally Posted by MrElectric View Post

        I would argue this guy is extracting money from the economy without adding any value whatsoever, at least none that I can think of.
        It's sort of hard for me to explain, but these should somewhat help:

        The Value of Profitable Speculation-Becker - The Becker-Posner Blog

        Does stock trading / futures speculation create economic value? - economics mercantilism stock | Ask MetaFilter

        Then again, anything can be argued for or against, depending on how feels about
        it.
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        David

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      • Profile picture of the author J50
        Originally Posted by MrElectric View Post

        If your selling info that someone could find for free anyway, your still giving that person value in the form of saved time. You've taken info that the person either didn't know how to find on their own, or didn't want to take the time to do the research themselves. You've done the research for them and therefore saved them time, and since time is essentially a form of money, you've gave them something of value in return. This is why people purchase info products. If you don't understand that then I don't know what else to say.

        Now whether or not you believe this guy's business model is ethical or not is a different debate, but comparing what he does to marketers who sell info is bogus. I would argue this guy is extracting money from the economy without adding any value whatsoever, at least none that I can think of. I'm not saying its evil or that I wouldn't do it either, but lets at least recognize it for what it is.
        What kind of time are we talking about a simple Google search, oh please. The fact of the matter is information isn't getting more expensive it's getting cheaper, we're in an information abundant era. Most people purchase info products because they know no better, I bet most of them would source the information for free if they were told it was out there.

        Making money isn't black box knowledge it's common sense + a few skills and that's about it. But we all know selling over priced information isn't extracting money out of people either.

        Capitalism is all about extracting money out of people.
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  • Profile picture of the author drgreg
    Speculators - love 'em or hate 'em, they are in every market. And have done a pretty good job of messing up many a market as well.
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  • Profile picture of the author lukedidit
    I hope he used a coupon.
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  • Profile picture of the author Rojak Moon
    It's a Love / Hate thing for me. Love the money he's making... hating his arse when I can't get the domain name I want. Just say'n. Lol
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  • Profile picture of the author daddykool
    Mike & Ron were big players back in BG... before google!

    There are many DN investors sitting on a shed load of generics and a lot of "old world" DN'rs who are sitting on even bigger sheds

    This seems like a lot of DN's but as it has been mentioned before, if you are serious about any investment, you need to do it fast and large!

    The best domain names in the world are sold domian names

    So get developing those cobweb generics you keep paying to extend every year, just in case you decide to enter the niche you actually registered them for soon!!!

    By the way Mike, if you do read this rather interesting WF thread, your input would stop all the flamers and doughnuts from posting yakety yak rubbish
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  • Profile picture of the author CBusiness
    the press / marketing he's getting from those domains has a HUGE VALUE in itself. probably a hundred thousand in viral marketing and press that he no longer has to spend on, thanks to this puchase and he's going to cash out on some the domains.

    He can probably sell his domain-selling business now for millions.

    Smart man. his site is well branded now.

    Read the bigger picture.
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  • Profile picture of the author superrooster
    This is called squatting and IMHO I think it is unethical. There is no skill or value to this business model and the customer loses out. However, this man might want to start paying attention to the fact that domain name relevance is being deemed less important in the eyes of the search engines and the fact that new domain extensions are being created. The leverage in this model is quickly diminishing.
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    • Profile picture of the author EaglePiServ
      Originally Posted by superrooster View Post

      The leverage in this model is quickly diminishing.
      He's recently sold a company for $80MM...sounds like it has a long way to go before the model has worn itself out.

      I sell domains. Sometimes for pennies, sometimes for decent money. Most have nothing to do with my main business area.

      It's by no means "unethical" - no more than buying a car or a coin or a stamp and holding onto it until it's worth more.

      You sound bitter because a domain they hold/held was one you wanted. They probably wanted $2,000 for it, and YOUR business model couldn't support the purchase....

      I secured rotten*******.com many years ago. When I tell people that they usually say - "Oh, is it a site about you?"
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    • Profile picture of the author Wendy Maki
      Originally Posted by superrooster View Post

      This is called squatting and IMHO I think it is unethical. There is no skill or value to this business model and the customer loses out. However, this man might want to start paying attention to the fact that domain name relevance is being deemed less important in the eyes of the search engines and the fact that new domain extensions are being created. The leverage in this model is quickly diminishing.
      Just to be clear, registering multiple domains is not what is known as "cyber-squatting." Cyber-squatting is the practice of deliberately registering a domain that someone else has trademark claims to, and squatting on it to attempt to force the trademark holder to come to you to buy it. That's quite different than a free market practice of buying non-trademark-infringing domains for whatever reason you might have, including the hope that someone will pay you what the market might bear for that name.
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    • Profile picture of the author sbucciarel
      Banned
      Originally Posted by superrooster View Post

      This is called squatting and IMHO I think it is unethical. There is no skill or value to this business model and the customer loses out. However, this man might want to start paying attention to the fact that domain name relevance is being deemed less important in the eyes of the search engines and the fact that new domain extensions are being created. The leverage in this model is quickly diminishing.
      It is not called squatting. It is called domain investing. Here is the definition of domain squatting

      Cybersquatting (also known as domain squatting), according to the United States federal law known as the Anticybersquatting Consumer Protection Act, is registering, trafficking in, or using a domain name with bad faith intent to profit from the goodwill of a trademark belonging to someone else. The cybersquatter then offers to sell the domain to the person or company who owns a trademark contained within the name at an inflated price.
      Cybersquatting - Wikipedia, the free encyclopedia
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