Just flipped a domain. Guess how much.
Nice start to the long weekend - I just flipped a domain for a bit more than usual. The domain name had 2 words in it (no hyphens), an 'eco' theme, and I've had it for about 2 years. I originally planned to do 'great things' with it, but never got round to it, so for almost the entire 2 years it's just been a MFA site.
Recently, I've plugged the good old autoblogging stuff into it, and it had a couple hundred unique articles on it on the eco theme.
Unfortunately, it never made more than 20 or 30 bucks a month (the niche doesn't pay very well, so I was basically flogging a dead horse - lesson to check the niche advertisers first). So, I'd already decided to flip it. Normally, for a site like this, I'd look for between 10 or 15 times earnings depending on the name, amount of content etc, which would be about $300. Seeing as it has loads of content, these are usually no brainers - first come first served sort of thing.
HOWEVER... coincidentally, I received an email from a law firm asking to buy it. I know, I know, first thoughts are 'domain scam'. But I checked the message source, and it looked legit, as did the law firm based in Europe, and specializing in domain stuff. So I was thinking... you know... couple of grand?
And that's when my darling wife jumped in and said 'Ask for $10,000'. I laughed, but then she pointed out that whoever wanted it had enough interest to hire lawyers to do it, and that these particular lawyers tended to do lots of work for VCs. So against my natural inclinations, I shot back '10k'.
They came back with $8,000 so I said yes. Escrow, registrar, bish bash bosh.
No doubt this is some well-funded eco start up that just happens to share the name. So even if they make millions off it, I'm happy because I never would get round to doing anything serious with it.
Moral of the story?
1. Listen to your wife.
2. If you don't ask, you don't get.
3. NEVER let a domain lapse. Worse case - load some content on and flip it.
Have a nice weekend kids!
Recently, I've plugged the good old autoblogging stuff into it, and it had a couple hundred unique articles on it on the eco theme.
Unfortunately, it never made more than 20 or 30 bucks a month (the niche doesn't pay very well, so I was basically flogging a dead horse - lesson to check the niche advertisers first). So, I'd already decided to flip it. Normally, for a site like this, I'd look for between 10 or 15 times earnings depending on the name, amount of content etc, which would be about $300. Seeing as it has loads of content, these are usually no brainers - first come first served sort of thing.
HOWEVER... coincidentally, I received an email from a law firm asking to buy it. I know, I know, first thoughts are 'domain scam'. But I checked the message source, and it looked legit, as did the law firm based in Europe, and specializing in domain stuff. So I was thinking... you know... couple of grand?
And that's when my darling wife jumped in and said 'Ask for $10,000'. I laughed, but then she pointed out that whoever wanted it had enough interest to hire lawyers to do it, and that these particular lawyers tended to do lots of work for VCs. So against my natural inclinations, I shot back '10k'.
They came back with $8,000 so I said yes. Escrow, registrar, bish bash bosh.
No doubt this is some well-funded eco start up that just happens to share the name. So even if they make millions off it, I'm happy because I never would get round to doing anything serious with it.
Moral of the story?
1. Listen to your wife.
2. If you don't ask, you don't get.
3. NEVER let a domain lapse. Worse case - load some content on and flip it.
Have a nice weekend kids!
PS my PM system is broken. Sorry I can't help anymore.