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Here's the The Lowdown
from DN Journal,
updated daily
to
fill you in on the latest buzz going around the domain name industry.
The Lowdown is
compiled by DN Journal Editor & Publisher Ron
Jackson. |
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Biggest
Domain Sale in 5 Years Rung Up By Rick
Schwartz - Porno.com Brings
$8,888,888!
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"Domain
King" Rick Schwartz
has done it again! The pioneering
domain investor and co-founder of
the T.R.A.F.F.I.C. conference
has closed the sale of Porno.com
for just under $8.9 million -
$8,888,888 to be exact
(Schwartz has always been a numbers
guy and, you have to admit, that
string looks pretty good)!
That
is the biggest cash domain sale
since Sex.com in 2010 and
will rank as the 4th highest sale
reported since we started tracking
the domain aftermarket back in 2003
(you can see the current top 20 here
- Porno.com will be added after we
officially chart the sales in our
weekly domain sales report
Wednesday, Feb. 4). The shorter form
of Schwartz's domain, Porn.com
is the 3rd highest sale on the list
- having changed hands for $9.5
million in 2007. As Michael
Berkens reported at TheDomains.com,
the buyer was a Prague-based company
that already owns several premier
adult domains (they paid promptly
through Escrow.com who told
Michael this was the biggest single
domain sale the company has ever
handled).
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Rick
Schwartz |
In
a copy of a press release that
Schwartz sent us (that had not yet
gone out to the wire services) he
noted that he had purchased Porno.com
for $42,000 in
1997 from a college student that has
purchased it just a week earlier for
$5,000. In addition to the
nearly $9 million he made from the
sale, Schwartz said he had earned over
$10 million from the domain
since 1997 by simply redirecting
traffic to actual adult sites or
monetizing via domain parking.
This
is the 5th time Schwartz has
closed a publicly-disclosed
seven-figure domain sale with
Porno.com joining Property.com
($4 million + 5% equity in
2009), Candy.com ($3
million + 12% equity in 2008), eBet.com
(for $1,365,000 in 2013) and
his first one at this level - Men.com
(at $1.3 million in 2003). While
Schwartz has booked some of the
biggest sales in industry history,
he is not a frequent seller, having
let only 20 domains go over the 20
years he has been in the business.
This
may not be the last big sale
you see from Schwartz in 2015.
He said he
plans to sell domains like 399.com,
750.com, 899.com
and 12 other 3-number domains
that are in high demand in
China. Michael Berkens sold 345.com
just last month for $800,000.
Schwartz said business owners
should "Use
an easy to remember and
easy to spell domain name
and never settle for anything
without .com on the end
unless you use your local
country code. But even then,
having the .com counterpart is
very important."
Schwartz
has been providing business
advice about domain names
since 1996. His site eRealEstate.com,
circa 1996-2000, still has his
original thoughts from an era
when only 5% of businesses
were online with a web
presence. He also ran RicksBlog.com
until June 2014 (when he
decided it was time to finally
slow down and enjoy the fruits
of his labor in semi-retirement).
His extensive writings about
business and domains are still
there for all to read. |
Rick
Schwartz speaking at the
10th anniversary edition of
T.R.A.F.F.I.C. at the Fontainebleau
Hotel on Miami Beach
(Oct. 31, 2014). Rick made his
last industry appearance at
the show before going into
semi-retirement. |
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(Posted
February 2, 2015) To
refer others to the
post above only you
can use this URL:
http://www.dnjournal.com/archive/lowdown/2015/dailyposts/20150202.htm
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