Successful Domain Name Flips and Sales
Domain name flipping is a lucrative business for those who know how to find the right domain names and sell them at the right time. A domain name is a valuable asset, and if you can buy one at a low price and sell it at a higher price, you can make a significant profit.
In this blog, we will discuss some of the most successful domain name flips and sales.
VacationRentals.com – Sold for $35 million
In 2007, Brian Sharples, the CEO of HomeAway, purchased the domain name VacationRentals.com for $35 million. The domain name was previously owned by a vacation rental company that decided to sell the domain name because it wasn’t generating enough traffic. HomeAway was able to turn the domain name into a highly profitable business, and it was eventually acquired by Expedia for $3.9 billion in 2015.
CarInsurance.com – Sold for $49.7 million
In 2010, QuinStreet, a digital marketing company, purchased the domain name CarInsurance.com for $49.7 million. The company used the domain name to create a successful lead generation business for car insurance companies. The domain name is still owned by QuinStreet, and the company continues to generate significant revenue from the site.
IG.com – Sold for $4.7 million
In 2013, IG Group, a global provider of online trading services, purchased the domain name IG.com for $4.7 million. The company had previously used the domain name IGIndex.com but decided to rebrand to a shorter and more memorable domain name. The purchase of IG.com helped the company to establish its brand and improve its online presence.
FB.com – Sold for $8.5 million
In 2010, Facebook purchased the domain name FB.com for $8.5 million. The company had previously used the domain name Facebook.com but decided to acquire the shorter domain name for internal use. The purchase of FB.com helped to streamline the company’s internal communication and improve its brand recognition.
Bitcoin.com – Sold for $1 million
In 2014, Roger Ver, a prominent Bitcoin investor and evangelist, purchased the domain name Bitcoin.com for $1 million. Ver used the domain name to promote Bitcoin and other cryptocurrencies and built a successful business around the domain name. Today, Bitcoin.com is one of the most popular websites for news and information about Bitcoin and other cryptocurrencies.
Conclusion:
Domain name flipping and sales can be a highly profitable business if you know how to find the right domain names and sell them at the right time. The success stories listed above show that a domain name can be a valuable asset that can generate significant revenue if used properly. If you are interested in domain name flipping, it is important to do your research and understand the market before making any purchases.
By: Nica Layug
