Mike Mann announced a couple nice sales that both sold for $9,888. I would imagine the first one most would have given an appraisal of reg fee, which is what it cost Mike.
Congrats to Mike.
Domain ideas from the well of the soul Sold https://t.co/fVQV5pJ8IE $9888 Purch 5/12/12 $8
— Mike Mann (@mikemanndotcom) June 7, 2017
Living in rain, chatting about sun. Sold https://t.co/AbwMuJkLeI $9888. Purch 8/15/12 $150
— Mike Mann (@mikemanndotcom) June 7, 2017
Hold on to your garbage names folks. Mike proves it, some soulful names do have life.
I believe Rick, Michael Man, and Michael Berkins are the best negotiators in the biz.
I’m sure Frank is super, as well. But just based on recent sales over the last few years.
I tried to buy a domain from Michael Mann – he wouldn’t budge on his asking price, which I commend.
Congrats to the Mann!
Awesome..were they bought with or without negotiation? Mind to share how’s the nego going?
well I have to say it ” if you told the Sherpas WellOfTheSoul.com they would have said THATS GARBAGE this guy is on the wrong track!” drop that domain name. and yet it sold for $10,000
He da mann
or it proves that you can really sell a turd…
Mike owns a massive number of domains. So the odds are on his side to find buyers for some (not all) of the most pigeon sh!t (as Rick usually calls them) of domains. When you calculate his holding cost for the whole portfolio this would not be such a huge ROI in the running of his domain empire operation. Not a bad sale but his overall costs will eat up most of that.
Exactly.
It’s not the quality of the domain that counts it’s the buyers willingness to spend.
It’s to do with Mike Mann’s negotiation skills to influence the buyers to spend.
Nice Sale!!!
Somebody please ask Mike Mann to add me on Facebook… Anunt Patel
He banned me 10 years ago.
Mike Mann gives hope that AverageDomains.com will succeed.
it will probably br 20 years before the domain world settles {and who has 20 years to wait)
most names that would appear to be drops now will be $1000 names in 2027 or maybe $10.000 names
the trick that is so hard to master is patience, or maybe the ability to renew or live that long
A Google search on “Well of the Soul” brings up about 7,700,000 results. Registering and renewing that domain was not a bad bet.
WellOfTheSoul.com = $0. Not even “reg fee”; you’d have to pay me to take it.
SunChat.com = “Eh” at best. Might take it for free but would certainly never have regged it.
And see what KoolBranding wrote above. When you have a “zillion” domains it’s no surprise if things like this happen while you’re spending deep in the red to renew them all. But if a portfolio of mainly junk leads to and 8 or 9 figure buyout then why bother pointing out what a waste of time and money holding bad domains can be and what expensive lottery tickets they are…
This is just more “proof” that packaging counts, by the way…think about it.
Here’s some “sun chat” for ya: https://www.youtube.com/watch?v=sK5Ls2pWinI
I do like Carrie Underwood.
Why MIke is more successful in selling domains is because of personal communications after an inquiry.
That is why BuyDomains was so successful.
The closing percentage is higher when a sales person (or anyone ) is involved instead of a button on a website.
The difference is an active compared to passive selling technique.
That is why sedo and afternic is losing its charm.
Afternic is now offering more assistance if they see an inquiry for a good quality domain.
I agree if you have a large portfolio of domains, you are going to sell more domains than most domainers.
However, as Mike implied, the carrying cost is a drain on cash flow.
What most domainers neglect to notice, Mike is willing to share information. Whereas, most successful domainers do not disclose their activity.
It’s good selective publicity under the circumstances. Anyone would do it.
“Anyone would do it.”
You are wrong. Many (maybe most) transactions are not disclosed.
No, not to be nasty, but you are simply wrong, and you don’t seem to really understand what I said. But it’s simple and a no-brainer to others who may not be saying anything. There is simply a time when it is strategically advantageous to disclose, and a time when it is not, perhaps even most of the time for the latter. Rick Schwartz tends to be public and Elliot Silver tends to be private – and both have their strategic reasons. I do the exact same thing myself and that is exactly why I posted with such confidence. If I consider it advantageous then Ron Jackson is getting both the report and the proof. If I don’t, then it’s kept under wraps. In this case it’s not rocket science to figure why Mann probably wanted to disclose for strategic reasons and not merely pure benevolence and altruism.
Key Ingredients To These Successful Sales:
Both Buyer / Seller Apparently
Ready + Willing + Able + Responsive Seller