Jan 27, 2016 : Top Domains Sold for Massive Profits
📅 - It's fun to look at ways people made money doing something you do every day, which is owning domains and running websites. Have you ever wondered who has made some serious cash selling their domain names? Big names like Medicare.com sold their domain name a few years ago and made almost $5 million for it.
Websites are easy to set up but choosing the domain name is the challenging part since it needs to be unique and relate to your business. Just like anything else, domain names can sometimes be purchased, even if they were once owned by someone else.
What do you do when someone has the domain you wanted? You may be able to purchase it from them like many others have, and in these cases, the sales price allowed for a massive profit simply for relinquishing a desirable domain name.
Companies that made over $30 million
Three companies top the list for selling their domains with profits at over $30 million. In 2012, PrivateJet.com was sold for $30.18 million. In 2007, VacationRentals.com had a $35 million transaction, making it the highest deal made for purchasing of a domain at that point in time. by 2010, the newest high was the $35.6 million sale which was for Insurance.com.
Domains selling for over $9 million
Can you believe some domains have sold for over $9 million? These highly desired domains include both a travel site and two sex sites. Porn.com was sold for $9.5 million in 2007 while Fund.com was purchased in 2008 for $9.9 million with the intention of being a financial site, but the site isn't alive anymore.
Hotels.com sold for $11 million back in 2001 with the exact price unconfirmed by the new owner. The domain name for Insure.com reached $16 million in 2009 with that same year an $18 million purchase for Internet.com. The pornography industry purchased the domain of sex.com in 2014 for a whopping $24 million.
Other shocking sales
In addition, a few sites make the list for over $1 million purchases. Between 1999 and 2011, a few big purchases took place with sites such as:
Diamond.com for $7.5 million, now functioning as an online diamond shop
Beer.com for $7 million
FB.com was purchased by Facebook in 2010 for $8.5 million and is now used to redirect traffic to their site
Business.com was acquired in 1999 for $7.5 million
Slots.com was purchased by LA Group for $5.1 million back in 2000
Toys.com was purchased by ToysRUs for $5.1 million 2009
Interesting Facts
The reason many people are surprised by these statistics is that people don't realize that when you register a domain name, you are not the owner of the domain. You pay for the exclusive use of it for a defined period of time but a renewal fee is due to keep it going. You can lose the privilege of it by forgetting to renew.
Others think that you can get rich by purchasing and selling domain names because some people make a living off of this, but most likely you won't get rich. Some domain names have sold for millions of dollars but over 90% of domains for sale don't find a buyer.
That's a look at how much money some people have made off of the sale of domain names. Wouldn't it great if you could make that much money off of one of yours?
Websites are easy to set up but choosing the domain name is the challenging part since it needs to be unique and relate to your business. Just like anything else, domain names can sometimes be purchased, even if they were once owned by someone else.
What do you do when someone has the domain you wanted? You may be able to purchase it from them like many others have, and in these cases, the sales price allowed for a massive profit simply for relinquishing a desirable domain name.
Companies that made over $30 million
Three companies top the list for selling their domains with profits at over $30 million. In 2012, PrivateJet.com was sold for $30.18 million. In 2007, VacationRentals.com had a $35 million transaction, making it the highest deal made for purchasing of a domain at that point in time. by 2010, the newest high was the $35.6 million sale which was for Insurance.com.
Domains selling for over $9 million
Can you believe some domains have sold for over $9 million? These highly desired domains include both a travel site and two sex sites. Porn.com was sold for $9.5 million in 2007 while Fund.com was purchased in 2008 for $9.9 million with the intention of being a financial site, but the site isn't alive anymore.
Hotels.com sold for $11 million back in 2001 with the exact price unconfirmed by the new owner. The domain name for Insure.com reached $16 million in 2009 with that same year an $18 million purchase for Internet.com. The pornography industry purchased the domain of sex.com in 2014 for a whopping $24 million.
Other shocking sales
In addition, a few sites make the list for over $1 million purchases. Between 1999 and 2011, a few big purchases took place with sites such as:
Diamond.com for $7.5 million, now functioning as an online diamond shop
Beer.com for $7 million
FB.com was purchased by Facebook in 2010 for $8.5 million and is now used to redirect traffic to their site
Business.com was acquired in 1999 for $7.5 million
Slots.com was purchased by LA Group for $5.1 million back in 2000
Toys.com was purchased by ToysRUs for $5.1 million 2009
Interesting Facts
The reason many people are surprised by these statistics is that people don't realize that when you register a domain name, you are not the owner of the domain. You pay for the exclusive use of it for a defined period of time but a renewal fee is due to keep it going. You can lose the privilege of it by forgetting to renew.
Others think that you can get rich by purchasing and selling domain names because some people make a living off of this, but most likely you won't get rich. Some domain names have sold for millions of dollars but over 90% of domains for sale don't find a buyer.
That's a look at how much money some people have made off of the sale of domain names. Wouldn't it great if you could make that much money off of one of yours?
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