Domain Sales

B. King on Three Letter .com Sales

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I exchanged messages with King on DN Forum (his forum handle is B. King) after learning about his success selling three letter .com domain names. This type of domain name is one of the fastest appreciating sectors in the domain industry. According to the frequently referenced price guide on 3character.com, the minimum observed prices for this type of name is now $6,000, up from $5,500 just last month, and up consistently over the past few years. While this may not reflect the actual value of all three letter .com names, it can be indicative of the market value for this type of name.

Because of his success with this type of name, I asked King to write about three letter .com domain names and to discuss the recent sale of one of his names, BCF.com.

(Editor’s Note: Although I can’t argue with the numbers, I think people should evaluate why each LLL.com domain name has value before shelling out thousands of dollars for it.)

From King on DN Forum:

“I was asked by Elliot , to write about LLL.com’s in general and in particular about my end user LLL.com sale.

As I am certain most of you are aware that 3 letter .coms are the fastest growing domain investments in this incredible domain market. As we approach the end of year I would like to recap the market – a year ago the minimum price for 3 letter .coms was $3,050 , as of December 1, 2007 the minimum stands at $6,000 , that represents an almost 100% growth. Now some might suggest that this is hollow growth and that LLL.com’s have mostly been doing hot potato between domainers. However I believe that the increase in value has been backed by strong end user sales. While most of these sales go under the radar, the ones that I am aware are as follows:

AMT.com 100,000 Advance Media Technologies

RCS.com 95,000 to RCS International

BCF.com 71,200 to Burlington Coat Factory

HBL.com recently acquired by the largest bank in Pakistan. Upon enquiring with some contacts there, they have indicated that they have paid $100,000 for it (keep in mind this is a bank in a third world country and they still see the value in a $100k domain).

IFP.com to the Institut Français du Pétrole . price is unknown

Since I was the seller of BCF.com, I’ll let you guys in on the incredible auction that went down on Sedo. I had initially listed BCF.com on a popular domain forum and put it up for sale under $20,000. However, desired bids were not reached and I sent the domain in to Sedo auction with a reserve of $20,000. On the third day of the auction in the middle of the night I received a call from a gentleman asking to talk to me. After introducing him self as the head of IT in a large public listed Australian company www.bcf.com.au. He told me that he had heard rumors that BCF.com was up on auction on “EBAY” to which I corrected him and told him that it was auction on Sedo. He offered to buy the domain straight away, but i told him that the reserve on the auction was already met so I was obliged to sell through Sedo only and that he could place his bids there. From that point onwards, I was feeling good about the auction and thought that the auction would go well and would manage to get a few K over reseller value. To my surprise the BCF.com had already entered the $40k range in the last hour of the auction , and after a bidding war the auction ended at $71,200.

At that point I was certain that there was more than 1 end user present at the auction, and indeed that was the case. Burlington Coat Factory had won the auction from www.BCF.com.au. To me this auction goes to show that poular 3 letter .coms are extremely desirable and there is usually more than one end user for them.

At the end of this article , I would like to add that I think LLL.com values will continue to rise at a rapid rate through out 2008 , both in reseller terms and in End User terms. LLL.coms offer a unique opportunity’s as the entry point in LLL.coms is comparatively much lower as compared to generic .coms and yet they are premium and have as much probability of making an end user sale as a generic .com .

Happy Domaining!!!

B.King”

EasternCaribbean.com Available for Acquisition

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I recently announced the acquisition of EasternCaribbean.com. In light of the subsequent acquisition of Lowell.com, I have decided to sell EasternCaribbean.com. I am setting a low Buy It Now price of just $10,000 for EasternCaribbean.com. The value of geographic domain names have been consistently rising, and this is a great name.

There are about 200,000 Google results for “Eastern Caribbean,” and there are many advertisers, which bodes well for development. There are many cruises which tour the Eastern Caribbean hotspots like Barbados, St. Thomas, Puerto Rico, and the Bahamas. Please contact me if you are interested in acquiring this great domain name.

Other names currently for sale include:
TaxCodes.com
WashingtonDoctors.com
WashingtonDoctor.com
LegalClinics.com
LegalClinic.com
LegalWebsite.com

SanJuan.com Available for Acquisition

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The owner of SanJuan.com is looking to sell this fantastic geographic domain name.

San Juan is the capital of Puerto Rico and has close to 450,000 citizens. It is a popular tourist destination, with hundreds of hotels and attractions. Many of the largest Caribbean cruise lines have a port of call in San Juan. In 2004, San Juan played host to 4.9 million tourists, a number which has certainly grown since then. The capital city boasts the most luxurious hotels in Puerto Rico, and some of the nicest resorts in the Caribbean.

As I said in an earlier post today, there may be only one time you are able to acquire a premium domain name like this one. Once the new owner begins developing this gem, the price will increase exponentially, if it’s ever on the market again. I’ve worked with the owner before, and he is known to be a reasonable seller. If you are interested, drop me a note and I will put you in touch.

PS: Speak with your accountant for confirmation but I would imagine all “research” done in San Juan would be tax deductible!

SanJuan.com Available for Acquisition

Image courtesy of these people.

TaxCodes.com – Great Tax Name for Sale

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Offered right before tax season so you can build an informational site:

TaxCodes.com

BIN: $7,500
(or $6,000 + a commitment to do 15 hours worth of charity work)

My thoughts on development:

Build a directory for each state:

TaxCodes.com/NewYork

Provide basic info about NY taxes and provide links to NY tax code and tax forms. Post paid links for accountants on the sidebar. Only sell a few for each state to give a sense of exclusivity. The tax info will help with SEO, which will make the links more valuable…etc. Name was registered in 1999.

Money Where My Mouth Is

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I am going to put my money where my mouth is. Yesterday I offered VirginiaMortgages.com, WashingtonDoctors.com, WashingtonDoctor.com, and NewJerseyDoctor.com for sale on my blog. Today I posted several available domain names asking the person who registers them to donate to the Cain family who suffered an immense tragedy and needed money to help bury their two daughters.

Tonight I am going to put my money where my mouth is. If you take any of the deals below, I will donate 25% of the total to the Cain family. Post a comment or email me to buy:

VirginiaMortgages.com
Price: $15,000

WashingtonDoctors.com
WashingtonDoctor.com

Pair Price: $9,500

New JerseyDoctor.com
Price: $4,500

3 Doctor Names as a set: $12,000

All 4 Names: $24,000  

**Just so there isn’t any doubt about paying, I will use the services of an attorney to handle escrow (at my cost) so the buyer knows that a donation will be made.  

VirginiaMortgages.com – On Sale

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I am looking to raise some capital for a domain purchase.  I am selling the following state specific domain names:
VirginiaMortgages.com
Price: $15,000

WashingtonDoctors.com
WashingtonDoctor.com

Pair Price: $9,500

New JerseyDoctor.com
Price: $4,500  

3 Doctor Names as a set: $12,000

All 4 Names: $24,000

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