Sedo.com has brokered the sale of a great domain, Lottery.net for $220,000.
The Seller was Frank Schilling’s, Name Administration and the buyer was Parthenon Investments/BCM Parthenon which is located in London.
Jeffrey Gabriel was the broker which handled the sale for Sedo.com
A great domain at a very fair price.
We congratulate the seller and the buyer.
As a side note the domain Lotto.info is up for sale at DomainFest this week and already has a pre-bid of $5K
I think that’s a huge price tbh
it’s either .com or the country cctld for the national lottery in question
.net is always neither betwist nor between for me
i wish i could read more often someone other than Rick Schwartz or Schilling getting big sales though!
thanks for update anyway
cheers
How does that work? He gets an offer at Sedo and then passes it off to a Sedo broker? Or he contacts a broker and then they proactively sell it.
Sedo has been selling a tonne of six figure domains in the last few months. I was wondering how they are arriving at these sales…..meaning from what direction?
Hire
“wish i could read more often someone other than Rick Schwartz or Schilling getting big sales though!”
I agree
Like myself
I don’t know how this deal came about.
Generally speaking, sometimes a buyer will contact Sedo to reach out to a domain owner, sometime domain owners pass the lead to Sedo to have them represent them, and sometimes domain owners list the domain with sedo.com
maybe they’re gonna set up a site where they sell lucky numbers to the public so they can have a better chance of winning the lottery. i have some lucky numbers i would let go cheap ’cause they don’t usually win.
That is a nice paycheck.
Why I can’t close a sale like this one? Maybe I need a different career ..
Thanks,
EM
Nice sale for sure.
I’ve noticed that Frank has some of his domains listed with Sedo. I’m guessing that was the case here.
Before we start counting Frank’s money, he did pay $ 40K for it thru
Enom Club Drop in Aug., 2005. (as reported in DNJournal.)
And, he had to pay the renewal cost for the past 6 yrs.
Plus, Sedo’s selling commission.
I would suspect it didn’t make a lot of ppc revenue.
I’m sure Frank would remind us that he has to pay the carrying cost on
the other 300K domains he owns.
Frank, Nice sale !!!
Wow, that’s a biggy 🙂 …it must be GREAT to be Frank !
So is this the second highest (reported) .net sale so far ?
Some of the names Frank has are pretty bad. I have to wonder why doesn’t he just drop them. Maybe too many names to go through, since automatic dropping based on revenue alone might drop some brand-able gems?
And just because he has many great names and makes money doesn’t mean he’s 100% right so don’t start 🙂
> I have to wonder why doesn’t he just drop them.
Perhaps he enjoys thwarting business people who might want to develop them
Nice work Sedo – congratulations Frank –
From early on, Frank Schilling showed the world does not revolve around .com and that .net and .org domains can be extremely appealing as assets or revenue generators. I feel sorry for the original registrant in 1995 😀
I actually located a few names this past week in which Frank owns the ,net and I found the .us. I assure you that these are popular names. I know that I’m on the same page when I come across his sales page. For the most page, I can sense when he owns the .net of a popular name.
I’m sure that he would drop the names if they were bad. Maybe they’re performing better than they appear. Most people that purchased names way back would likely have sold them. Frank and Rick and the bunch understood the value of the good extension beyond the .com.
However, I dislike the .net. Even with good names, they are a tough sale. It’s essentially who you know that will help you close a deal. I’ve seen some great .net domains that never produce a sale, and then there are others that change hands.
I don’t really like the company that brokered the deal. They seem to only care about making the big sale. Their system rejects a lot of good stuff, but then allows some questionable stuff to be pushed into auctions. Even when you pay to promote, their system denies you. These are domains that are not in violation of any trademarks.
As for Frank, I’m sure he makes nice revenue on his domains, which is enough to pay for the total registration cost per year.
I have clue on how some newly registered names that have very little keyword results and virtually no monthly monthly searches happen to generate a $1000+ sale. I sent a few messages to these sellers, but of course they will never give up their secret. They write one little sentence, and the theme of them are usually basing the value on future speculation.
In addition, another person registered a certain name a few months ago and they immediately started receiving 10K unique visitors a month.
These people will never give up their strategy. I already figured out the buying and selling side. It’s mostly the auction criteria dilemma and the unique traffic that puzzles me. If I mine the fields enough, I find out the technique.
Lottery.net was a good sale, but I don’t care too much about the .net. I happened to push a .us the other day. That was a shocker. Until I push a .net, I feel that there are too many buyer objections for the extension.
Excuse some of my errors. I reviewed the post, noticing some typos and sentence structure issues. I was using an I-Phone. Thanks.
Most of these comments seem to be born out of jealousy. If the buyers have a route to market and are in the lottery vertical anyway, it will turn out to be a very good purchase for a top domain like . So I echo MHB’s comments congratulating the buyer and the seller; good business guys.
One of the few names SCHilling has worth anything. He could of made a ton on it with development. 200K for a billion buck industry .net
He’s clueless
He must need the cash