Domain Name Game Still Going Strong
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I recently sold idnmail.com and idnemail.com and 2 other names for a combined $15,000. The sale was not very satisfying. When I registered those names, my intention was to hang on to them for at least 5 years where IDN (Internationalized Domain Names) would be in mass use worldwide.
Every time I sell a domain name, I wonder if I could have gotten more for it. But domain valuation is a tricky pony. You can do your best to access market value, it’s current and future potential and the net loss you will incur by giving up a name based on future domain name market share.
Fundamentally, one major aspect where domain name investing is different than stock market investing is that there is no high point in its trading value. Selling a domain name for less than what you paid for is pretty much non existent unless you are in a financial quagmire and need some funds ASAP.
I was expecting to make a cool $100k in due time with the sale of IDNemail names. I am not sure what the new owner feels about them. But I am convinced the buyer got a stupendous bargain.
The sale is listed on DNJournal dated January 31, 2008.
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