Since 2009 the stock market (DOW) has moved from 8,000 to around 12,000 which is a huge increase in value. Also in 2009 I purchased the domain PoopBeGone.com for $10 on namepros. Over the 3 years which I owned the domain I received 8 emails about the name with a few leading to small offers that never amounted to anything.
Although the offers were small they did tell me that the name was worth something so I listed it on Godaddy's Premium listings for $999. I list many of my names on their system that I think are suited for end users hoping that one day someone will type it in and buy it.
Would this name have ever sold on Sedo or Afternic for this price?
Possibly, but I doubt it. They may have better systems and much lower commissions, but Godaddy has the eyeballs.
Godaddy's system is not great, they take 30% of the sale so make sure to price your names with that factored in. They also take quite a long time to send the check. I just got mine and this name sold in early November.
In three years my $10 name purchase turned into $999 ($665 in my pocket after the fees). Is it not a huge sale, but looking at the percentages the return on investment is unmatched. In my small portfolio I have a handful of names that I did not buy to develop, but with the sole plan to sell to final users. It seems that a few of them sell each year passively. I'm a much bigger fan of development, but sales are never a bad thing!
Have a great weekend!
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