CNN Buys iReport.com for $750,000

Elliot Silver
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10

Following up on a post from a few days ago, it was revealed that Rick Schwartz sold the name iReport.com to CNN for $750,000.   Also included in this price is the hyphenated version, i-Report.com. These great domain names will be used by CNN to supplement their i-Report program.
Founded in August of 2006, i-Report encourages viewers from around the country to send their own videos and photos of breaking news stories in their cities and neighborhoods. This user generated media feature has become popular, and it frequently allows CNN to break news stories before other networks are on the ground.

Rick Schwartz Sells $750k Domain Name

Elliot Silver
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0

On his blog today, Rick Schwartz announced that he recently completed a $750,000 domain deal. The deal will be announced on DNJournal’s Weekly Sales Report in the next week or two. This is great, as most large non-auction sales do not get reported. I believe the more public sales we see reported, the better for the domain industry, as outsiders frequently use completed sales as a means to evaluate the health of the industry.
I am currently in Lowell, Massachusetts taking pictures and doing research for my Lowell.com website. I had a great day exploring the city, and I hope to write more about it on Monday.   Enjoy the rest of your weekend.

Domain Sale with Pricing

Elliot Silver
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0

A few days ago I listed a large group of names for sale and asked for offers. I have since priced the remaining names. If you are interested in any of the names, please leave a comment or email me. They are all registered at Moniker for an easy push. This is listed on a domain forum, so first come, first served.
ARIZONAINSURER.COM – $75
ARKANSASSITE.COM – $35
BENSONHURSTREALESTATE.COM – SOLD
BOROUGHPARKREALESTATE.COM – SOLD
BRIGHTONBEACHREALESTATE.COM – SOLD
CHEAPESTPAINTBALLS.COM – $100
CHEAPTOILETRIES.COM – $75
CHRISTIANITYEXPERT.COM – $50
CHRISTIANITYEXPERTS.COM – $50
CHRISTIANITYTEACHER.COM – $50
CHRISTIANITYTEACHERS.COM – $50
CHRISTIANITYWEBSITES.COM – $50
CLUTZES.COM – $75
COMPUTERAUDIOCABLES.COM – $25
CREDITREPORTTRACKER.COM – $50
CROWNHEIGHTSREALESTATE.COM – SOLD
DELAWAREBUSINESSLOANS.COM – $40
DELAWAREINSURER.COM – $100
DELAWARESTOCKBROKER.COM – $50
DELAWARESTRIPPERS.COM – $40
DIGITALCOMPUTERSPEAKERS.COM – $40
DIRECTMAILLISTBROKERS.COM – $40
FLATCOMPUTERSPEAKERS.COM – $25
FLATPANELCOMPUTERSPEAKERS.COM – $25
FLORIDASUBPRIMEMORTGAGES.COM – $40
HANDHELDPORNS.COM – $40
HANDHELDVIDEOGAMING.COM – $50
HAVEBEENS.COM – $40
HEALTHCAREBARGAIN.COM – $50
HEALTHPHOBIAS.COM – $25
HMOCOMPANIES.COM – $75
HOTAIRBALLOONISTS.COM – $50
ILLINOISINSURER.COM – $100
ILLINOISSUBPRIMEMORTGAGES.COM – $40
IMMEDIATEALERTS.COM – $50
IMMEDIATECREDITSCORES.COM – $100
INTELLIGENCETESTERS.COM – $40
IOWASTRIPPERS.COM – $40
MASSACHUSETTSBUSINESSLOANS.COM – $40
MERLOTWORLD.COM – $200
MICHIGANFORECLOSUREAUCTIONS.COM – $40
MICHIGANSUBPRIMEMORTGAGES.COM – $40
MISSISSIPPISTRIPPERS.COM – $40
MOBILECOMPUTERMEMORY.COM – $35
NEBRASKASTRIPPERS.COM – $40
NEVADAFORECLOSUREAUCTIONS.COM – $40
NEVADAINSURER.COM – $100
NEVADAINSURERS.COM – $100
NEVADASUBPRIMEMORTGAGES.COM – $40
NEWJERSEYBUSINESSLOANS.COM – $40
NEWJERSEYFORECLOSUREAUCTIONS.COM – $40
NEWJERSEYINSURER.COM – $100
NEWJERSEYINSURERS.COM – $100
NEWJERSEYSHOPPINGCENTERS.COM – $45
NEWJERSEYSUBPRIMEMORTGAGES.COM – $40
NEWMEXICOSTRIPPERS.COM – $40
NEWYORKINSURER.COM – $150
NEWYORKINSURERS.COM – $150
NEWYORKSUBPRIMEMORTGAGES.COM – $40
OHIOFORECLOSUREAUCTIONS.COM – $35
OHIOINSURER.COM – $100
OHIOINSURERS.COM – $100
OHIOSUBPRIMEMORTGAGES.COM – $40
OKLAHOMASTRIPPERS.COM – $40
ONLINEHEALERS.COM – $75
ONLINEHOMEMOVIE.COM – $50
OREGONSTRIPPERS.COM – $40
OREGONTEACHER.COM – $50
PEEPSHOWBOOTH.COM – $75
PEEPSHOWBOOTHS.COM – $75
PENNSYLVANIABUSINESSLOANS.COM – $40
PENNSYLVANIASUBPRIMEMORTGAGES.COM – $40
PLASTICSURGERYWEBSITE.COM $150
PORTABLECOMPUTERMEMORY.COM – $40
PORTABLEMEMORYCARDS.COM – $50
PORTABLEVIDEODEVICE.COM – $35
REUSABLEMEMORY.COM – $40
RHODEISLANDLENDER.COM – $50
SOUTHCAROLINASITE.COM – $40
SUBPRIMEHOMELENDING.COM – $100
SUBPRIMEHOMEREFINANCING.COM – $250
SUBPRIMEMORTGAGEPROBLEMS.COM – $100
TEXASINSURERS.COM – $100
TEXASSUBPRIMEMORTGAGES.COM – $40
TRAFFICTESTS.COM – $25
TRUCKDRIVINGINSURANCE.COM – $150
WIRELESSHANDHELDCOMPUTER.COM – $100
WIRELESSHANDHELDCOMPUTERS.COM – $100
WORKERSCLOTHING.COM – $75
WYOMINGSTRIPPERS.COM – $40

Domain Sales/Steals of The Week

Elliot Silver
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6

I don’t usually spend much time pining over recent sales, but I think there were two great buys listed in the DNJournal.com sales report this past week, both of which took place on GreatDomains. I think Our.com selling for $60,000 was a great price. I know what I said about 3 letter .com names, but this is a great 3 letter, one word name. As I said, there are some names that are worth every penny, and this is one of them.

In my opinion, the biggest steal was FatTuesday.com, which sold for just $16,500. This is the perfect domain name for a website about New Orleans and Mardi Gras. There is also a famous bar with locations throughout the east coast called Fat Tuesday, and they own the domain name Fat-Tuesday.com. They serve some pretty good mixed drinks like the “190 Octane” and “Hurricane.” I’ve been to a few Fat Tuesday bars, and its always Mardi Gras when you’re there! The buyer got a great deal on this one.

Are You Selling Your Names?

Elliot Silver
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6

From the Afternic DLS Blog, and brought to my attention by Dan:   If you are looking to sell your domain names, NameMedia might be interested in purchasing them.   I am frequently asked by my readers for advice on selling domain names or locating potential buyers.   I frequently suggest that they auction their names, as that tends to yield competitive bids. However, many people are interested in getting cash now rather than waiting for an auction, then waiting to see if their names sold in auction, and then waiting some more to be paid if the names sold.

If this is the case, and you are looking to close quickly, it may be better to deal with a company who is willing to pay for your names without any hassles. I don’t know what types of names they are looking to acquire, but my dealings with NameMedia properties have all been positive, so now might be a good time to connect with them. It is always easier to approach a buyer with his wallet opened!

PS: If you email Pete (per the blog’s request) tell him I send my best!

B. King on Three Letter .com Sales

Elliot Silver
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6

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”

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