Late last Summer, I placed a $18 Discount Club backorder on a domain name at DropCatch.com. Once it became eligible to transfer, I spent under $10 to transfer it to my account at GoDaddy. I listed it for sale on Afternic for $4,999, and it sold within the last several weeks at the BIN price without any negotiation. After the 20% commission and acquisition + transfer costs, the total profit is somewhere north of $3,950.
Since the domain name sold, I have been periodically checking the domain name to see who bought it and why. Recently, I noticed a new website on the domain name, and it turns out a stealth startup with around $150 million in funding was the company that acquired the domain name. It’s the perfect brand match .com domain name for their business, and it suits them well.
