One thing I’ve been taught since I’ve been business is not to look at sales, not to look at top line profit, but to look at net profit after all things are paid for. On an income statement profit falls to the bottom but profit has to be used to pay for a lot of things that don’t fall under cost of goods sold or expenses. You have to go to the balance sheet to see how many loans are out, how much inventory is sitting there, etc. Profit still has to pay for stuff.
So when I hear the sales from Mike Mann, the people saying that DropCatch is killing it I take it with a grain of salt. I don’t think Mike Mann has any free cash. I have no proof but I think his money is tied up in assets and his cash flow barely covers bills. Again, no proof. Because I don’t EVER see him mention purchases. Everything he sells was registered years ago.
Dropcatch is certainly catching and selling a ton of names but their ICANN fees are most likely in the neighborhood of $2 million a year . Add in staff and all the other costs and you have to do a lot of sales to break even. Not saying they aren’t killing it. Just saying that their are a lot of behind the scene costs that don’t get talked about.
And you know why? No domain investor likes to talk about losing money. Not a ton of articles about domains sitting in the portfolio that gather dust, renewal fees, and acquisition costs that are generating no returns. Its more interesting to give sales and acquisitions, not profit per year. Some of that being that there probably wasn’t much profit. Of course people don’t like to give out financials because its personal so I get that, just making the point that there is more to the story. Not all bad, just more
Domain of the Day: Slurpy.com Spelled differently than the 7-11 drink. Good brand for anything. Except a slushy
Quote of the Day: ““I find it quite ironic that the most dangerous thing about weed is getting caught with it” Bill Murray
Namejet, Sedo, Snap, and other Names Up for Auction
VirtualComputer.net At $1 with no reserve. Google full of ads for exactly this
BUY.ac $50 away from the reserve. One of the TLDs that Park.io catches
Transcriptions.org Met reserve at $30. 17 years old. Dot com sold for $30K
BUFQ.com LLLL.com with a reserve of $1 . Q for Qatar
Petscape.com Get all your petscaping needs here
LadySlipper.com Actually a flower so could be a brand as well
Godaddy Domains With Multiple Bid
Regretless.com I live my life like a Sharpie. Bold, no mistakes, no regrets bro
WonderBaby.com Obvious Baby line here. Big company on the dot org
TripsOnline.com A bit generic but your visitors know what they are going to get.
UsGuide.com 23 year old domain.
Anonymize.net It’s a dot net but HUGE market for VPN and proxy
9213.cc Yup. NNNN.cc still have a ton of value
Bikeless.com Not sure what to do with this but memorable. Maybe an electric bike
BetterBathroom.com Kitchens and bathrooms are where the money is at. Great name for a construction company
Cloth.org Solid one word .org. I think these have value but definitely harder to resell than a dot com
ILGenetics.com Corn and bean seed company all the way. Trust me, I’m from IL and tons of companies with genetics in the name
InPop.com 1999 birthday. Was a record label that went under
Lambsy.com The feminine form of Lambo
GotBallz.com Yup. Two
GetIntoGolf.org Lots of bids for the backlinks and history
Doktor.org Bidders love it. Me? Meh
LeaveItToUs.com Marketing name. Can see it on the side of a truck for pretty much any service
OfficialRegistry.com Lots of official registries but only one gets the name
PrivateRide.com A classy Uber
TheCryptoCoin.com THE is bitcoin
OldiesRadio.com More people listen to it than you think. The serial shows are fantastic
BFOT.com Under $200 would be a steal IMO
HomeBazaar.com You can thank Harper’s that anyone can spell Bazaar
PickYou.com You better pick me if you want to win
VeganParty.com 3 hours of everyone telling each other they are Vegan
AskMichael.com A new series we’re starting with Michael Cyger
Gaarg.com Decent 5L.com for the price IMO
Godaddy Domains With One Or No Bids
The Rest of the Godaddy Names With Bids
11yyy.com
26mm.com
32rj.com
6Percent.com
777405.com
829898.com
addurlblog.com
AidFirst.com
akagreen.com
AmbrosiaMedSpa.com
AngelQuest.com
ArcAidAwards.com
AtHalon.com
AthenianBarGrill.com
BigAndroidBBQ.com
BitCoinsBlue.com
bmn123.com
BusinessEntrepreneurs.com
c345.com
cckjc.com
CloudMind.info
ColorTail.com
CrossBearer.com
DeafBlindInfo.org
DiamondCustomHomes.net
DiscussBitcoin.com
DonCollier.com
EarthEyes.com
Endorsement.org
EternallyConFuzzLed.com
EVRZ.com
FaithTop.com
Finanzautile.org
Free-WordPress-Theme.net
GLMCD.com
GlobalNext.com
GroomingClub.com
GVRO.com
GSRescue.org
Hastings-fl.com
HeyIcidian.com
Hyrail.com
IamZken.com
IPHolding.com
IYSJ.com
JXIB.com
LangExpress.com
LeheWang.com
LiquorWeb.com
LocalPlumbing.com
M-House.org
MaiteHontele.com
MayfairGroup.com
Menage.net
mk17.com
NimingBai.com
nmqbqd.com
OriginalBitcoin.com
Orsone.com
PamperedPassions.com
pdu168.com
PerhamLakeside.com
ProDogGroomingSupplies.com
PublicRecordsChecks.com
PureLED.com
QEZP.com
QPZA.com
RelmsLandscaping.com
RoadCoin.com
robotvfx.com
RockCore.com
Runtu123.com
Sncen.com
SuperChickOnline.com
Suucn.com
Tagadv.com
Technical-SupportNumber.com
Techyaapa.com
ThaiClassicCar.com
TheBFC.com
TheMarketingBit.com
TheSohoShop.com
Tiewasi.com
TotalCompensation.com
Trasia.com
TreeHuggingFamily.com
tsjsks.com
UUWP.org
Vazn.com
VictorUs.com
wcim2018.com
WeddingBootCamp.com
WeGirls.com
WellnessBlends.com
WestCentralmoinfo.com
wfsby.com
WristbandNation.com
XRPBank.com
xsdwulian.com
Yokohama.org
ZealIon.com
ZEStuff.com
zjzywj.com
ztbgky.com
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Only an accountant understand what you said in the first paragraph. Rest of them are hard hitting truth. All for that one sale that will change the fortune and pay for all the troubles went through.
You’re spot on Shane. All those “I sold CoinMena .com for 25K” and “I sold Joy .tv for 20K” messages on NamePros, Twitter, etc. don’t mention how many other MENA and .TV names collect dust in their portfolios and how much they lost on names that didn’t sell.