Make $11million in 3.5 hours

At the T.R.A.F.F.I.C. conference for domain name investors currently taking place in New York, an auction of premium .com domain names has taken place. With some domains sporting a $5million or even $10million reserve, it was always possible that some large transactions would be taking place...

Once it was all complete however, 115 of the 217 domains sold for a total of $10.9 million. What was astonishing was that some domains had millions of dollars offered for them, but the sellers just wouldn't let them, go. If all the domains that had been bid for went for the highest bid, then the sale would have netted a massive $63 million. That's a lot of money for 217 domains.

Moniker have a list of the sale prices, which shows some great sales:

creditcheck.com - $3million
seniors.com - $1.8million

But keep a copy of the list and check it in a few years time. I can almost guarantee that a number of the domains sold in the $25k + range will be worth millions. Remember, there is only ONE of each domain name in the world. If you have managed to get laptop.net for a knockdown of $40k, you're the only one who can have the domain name. Just wait until the general public, and the big media spenders figure that one out...

As well know, what happens in the US will happen here within a few years. Generic domain names will continue to rise in value. You need to decide whether to flip those premium .co.uk names that may have cost £200-£500 for £5k-£10k, or sit on them and wait the market out. Although we may never see the multi million dollar prices here in the UK, we will (and already do) see £xxx,xxx values .

deluded people

I've been taking Father's Day nice and easy, and have been catching up on "Britain's Got Talent", and it just strikes me how many deluded, no-hopers there are in this country. How some people think that they have talent when they most obviously don't just baffles me.

The one everyone loves of course is Connie Talbot's rendition of Somewhere Over The Rainbow.

blog posting well behind schedule

I can't believe it's over a month sinc eI last posted here. That's terrible! I will have to give myself a severe talking to and get back on track with my (relevant) postings!

Some very interesting stuff going on in Domain name speculation, mainly in the .com areas at the moment, but I expect the UK to benefit in maybe a year's time. Point to note: there are people out there, with portfolios of a couple of hundred thousand domain names, pulling in revenues of up to $60 million a year. Yes, you read that right, $60million. These guys - and there are less than 10 of these top level domainers - control more web-eyeballs than Google.

Now there's also word that a large company has earmarked $1 billion (with a B) to buy domains (I assume not one at a time!).

The .co.uk space has still got a lot of dictionary words and generics available to register, either because they have simply never been registered before, or just allowed to lapse. These will start getting snapped up pretty sharpish....