Back on September 4th, 2011, the then seller of the domain name Electriccompany.com reported they just sold the domain name on NameJet.com for $8,321.
DnJournal.com reported on the sale of ElectricCompany.com for $85,000 on July 25th, giving the buyer of the domain in September 2011 and better than ten times return on his money in just 10 months, in one of the worst economic times we have ever experienced.
This is yet another example of how opportunities are still around to in the domain name industry to make tremendous investments and returns.
Since the domain owner who made the transaction owned the domain under privacy we will respect that not mention their name here.
Congrats to all.
Nice, that is the sweetest spot in the industry for me, names that cost around 10K that are worth around 100K in reality. More the merrier.
What, no UDRP? Someone is actually buying domains that could be ‘confused’ with any number of registered trademarks out there? Amazing. And nice to see, for a change.
Yes – Grim – We have the “Electric Company” 1970′ tv series my 5 & 6 year olds watch.
I would have to think somewhere along the line there would be a connection.
Beautiful!
So was the buyer a domainer? Doesn’t look like an end user…
Yes, we sold the domain name extremely cheap in a no reserve auction. This just goes to show the reselling opportunity that still exists in the marketplace today. Congrats to the Buyer and Seller.