There was a story that I did not see posted about that was a really cool domaining story. While it’s cool to read about the exploits of Mike Mann and Rick Schwartz, most small to mid size domain investors tend to think that the big sale will never happen to them.
Especially when the sale comes from a $1.99 handreg. Well Namepros member Omelet scored big when handregging a domain name for $1.99 in the fall of 2016.
The name was MessengerKids.com and about a year later a little company by the name of Facebook came a calling.
The opening offer $20,000, accepted immediately. Deal done!
The opening post at Namepros:
The name was hand registered at netfirms.com, at price of $1.99 back in 2016 Fall. Sold in 2017 Oct. Buyer came in with offer $20,000 USD. Accepted. Escrow traded.
Facebook had no remorse and the deal quickly closed.
New Facebook App for Children Ignites Debate Among Families –
buyer called in June inquired the name available for sale. while, I have 3000+ names, I couldnt tell her if the name still with me or not.
Asked her to email back with offer.
No emails. Thought the sales would not happen. Didnt really care about it
Email offer came in September. Accepted. Deal done in October.
Read the full thread on Namepros
Wow…nice…congrats!!!
At the end of day , the seller is happy about he is moving inventory. No regrets. Just keep moving forward.
Great story, $1.99 wow!
I would not have countered, I would have crapped my pants. Such a great sale, way to go omelet.
If you have negotiated with them prior, it really helps, all in all, good story guy got his $20K, and a story for life, facebook starts a new segment, and parents are happy.
“most small to mid size domain investors tend to think that the big sale will never happen to them.” . . . and they would be correct.
They would have paid $50K, usually their law firm handles them. Always counter Omelete man
@adam Not even remotely true, small investors make great sales all the time. but keep spreading fud.
They tend to make not as big sales as they have the potential because they can’t afford to lose the deal.
Where as Frank Schilling quotes $40k on every crap 4L, and then his brokers keep emailing for years asking what the issue is. Yet they won’t accept like $5k for a $500-$800 bought name, maybe come down to $13-15k.
Nice story.
“Mr.Berkens has always told me that you need to counter.”
My thoughts exactly.
A counter offer could have led to a lawsuit. FB has shown they are willing to litigate generics. Smart move by the seller.
Not remotely true, and the domain was registered a year before FB even thought of it. Next
How do you register a .com for $1.99? That is the only part I don’t understand. I would buy lots more domains if I could get ahold of that pricing in bulk!
Netfirms ran a ton of $1.99 specials.
oh no you don’t want to at one time you were able to use 60 different codes to reg godaddy domains for .99 to 2.49, per account . those .99 cent domains are now 129 domains with renewals ,if I can go back Id be more selective, in the fact the domains I did best with were the ones that I had a panic attack to reg them b4 I missed out to someone else buying them.
If the shoe fits wear it. Congrats!
Something happened to me ,but not at the same level ,it was a domain I would probably have dropped , When they opened the bid at 3000 and told me that was their max budget ,I let them know that the buy it now and reserve was actually 2999 , but with fees it should be between 3099 and 3199 ,if my partner agrees would they be willing to split the fees. This worked out perfect.
That is a great story.The small-time investors cannot think of this level of success.Congrats. The same thing is happening to me.I bought one domain from expired domains for $80.Now I have got an offer of more than $40,000 and I am still negotiating.Hopefully, I will sell by the end of this month.Miracles do happen.Somebody said correctly that “Domain has value only when you get a Buyer”.
Great story.
Has to be the best domain sale ROI of the year – 10000x
Congrats Omelet!
Stellar. Congrats, Omelet!
I don’t think even $250k would have phased Facebook if they were already set on the name. Look at domain king’s sales to companies like CNN for ireport.com many years ago. I just wonder if the buyer knew up front this offer came from FB. I would assume not. Either way, good to hear everyone is happy!
Looks like a bumpy road for Messenger Kids.
https://www.nytimes.com/2018/01/30/technology/messenger-kids-facebook-letter.html