Ron Sheridan just informed TheDomains.com that he has sold the domain name RSS.com for $135,000.
Ron acquired the domain from Sedo.com in 2009 for $125,000.
The lead for the sale came through DomainNameSales.com although Ron negotiated the deal privately.
Mr Sheridan believes the buyer is an end user who plans on launching a site on RSS.com
The domain has an Estibot Appraised value of $169,000.
If somehow you don’t know what RSS stands for you can get the info here.
We will keep our eye on this one and see what happens to the domain.
Congrats to Ron.
This was sold very cheap.
This was the right time to sell with Google Reader being discontinued and many companies rushing to make the alternative.
But the price was only right for the buyer.
I guess that Ron was only trying to get his money back.
@onlinedomain – very cheap?!.. I think this was a “full” price
for this domain, and from a practical standpoint there aren’t
too many development options with this one.
Good luck to both buyer and seller.
great profit 😐
Great profit?
Assuming that the sale is treated as a long-term capital gains entry, that’s to be taxed at the 20% bracket.
In other words, the $10k profit will sustain a $2k tax, for a net profit of $8k after taxes.
Domains that are tied to specific technologies or trends risk becoming obsolete. RSS isn’t exactly known for anything other than an acronym of Rich Site Summary, but the buyer might change that.
RSS stands for his initial….
he just sold his name away
if ya figure in commissions and taxes he prolly lose it some monies but that ok.
I thought RSS was Really Simple Syndication, but maybe I am just a big programming nerd.
jp
Nerds call it Really Simple Syndication. People that use wikipedia call it Rich Site Summary…
Better return than an investment in KB Toys I suppose.
RSS=Really Simple Syndication, but if you check Acronymfinder.com you find 119 other definitions
http://www.acronymfinder.com/RSS.html and if you go to the acronymattic.com http://www.acronymattic.com/RSS.html you will find 250 other meanings….. A Three word domain for $ 135K I think it is a very good deal for the buyer… Anyone knows who the buyer is? Feedly could use this domain imho, now that a lot of people have flocked to it from Google reader shutting down.
This is certainly one to follow.
Home
Ron elected not to disclose the buyer’s name however indications were that the buyer bought the domain to use it not for one of the 250 other meanings but for an RSS reader product.
Of course not all buyer always tell the truth
Ron Indicated the domain had made some pretty good money parked in the years he had it sounded like he came out well above even
Michael, Time will tell if the buyer was telling the truth. I will monitor the domain to see what they do with it. Cheers! Homero A. Gonzalez
I think he is a very lucky man that got his money back.
Congrats.
Not the greatest domain sale. Buying 6 figure domains to flip is always a huge gamble. I try to stay around the 10k or below mark.