Rick Schwartz

Rick Schwartz Agrees to Sell GoBet.com for $850,000

Rick Schwartz has been tweeting about his negotiation to sell the GoBet.com domain name. The prospective buyer started with an offer of $70,000 in June of 2019, and the buyer incrementally improved the offer since then. This morning, Rick announced that GoBet.com is “now in Escrow for $850,000 AFTER commissions!!

Rick initially tweeted about the state of the negotiation to sell GoBet.com back in November of this year when the high offer was $280,000:

“Reasonable is for LOSERS!”

12

I don’t always agree with Rick Schwartz when it comes to domain name sales negotiating tactics, but I agree with his thoughts today about inquiries seeking a “reasonable” price to buy a domain name:

What is Your Crown Jewel Domain Name?

As you may have noticed on Friday morning, Rick Schwartz put out a call for people to submit a “crown jewel” domain name for his purchase consideration. Well over 100 domain names were submitted for his review. Some of the domain names that people submitted and shared were fantastic and some were less than stellar: 

I Don’t Respond to Unqualified Prospects

When you have an inquiry or make offer form on your undeveloped but valuable domain names, you likely receive a substantial number of inquiries and offers. The vast majority of these come from unqualified prospective buyers. These people either do not have the budget to afford the domain name, or they do not value the domain name at the level it is worth.

Over the weekend, Rick Schwartz shared some advice about not wasting time negotiating with people who are unqualified:

Rick Schwartz Shares More Domain Name Purchase Prices

Rick Schwartz owns one of the finest domain name portfolios that is in private hands. I don’t necessarily think it is just Rick’s purchases make him stand out today, but it is also his ability to retain his portfolio over the years that has put him in such a strong position today.

A little over a year ago, Rick shared the purchase prices he paid for a handful of domain names, like Vagina.com, Queen.com, Bitch.com, Ass.com, and a few others. Over the weekend, Rick posted two tweets to share more prices that he paid to acquire some exceptional domain names:

Rick Schwartz Made ~$24 Million with Porno.com

In 2015, Rick Schwartz sold Porno.com for $8,888,888, as recorded by NameBio. This sale still remains one of the largest publicly reported domain name sales of all time. Depending on where you look, it ranks as either one of the top ten or top 15 domain name sales of all time.

This nearly $9 million payday was not even the bulk of the revenue Rick Schwartz earned from Porno.com. This morning on Twitter, Rick shared that he made $15 million in pay per click advertising from Porno.com:

Recent Posts

Don’t Put Too Much Stock in One Sale

2
I had a nice five figure sale to close out last month. It was the kind of name I can easily replace, and in...

My Thoughts on GoDaddy Acquiring Dan.com

17
I list nearly all of my domain names for sale on both Dan.com and GoDaddy (via Afternic). The domain names mostly resolve to Dan.com...

Bird is the Word on Bird.com

1
According to a DNW article in November of last year, the Bird.com domain name was sold for an undisclosed price to an undisclosed buyer....

Montblanc Shouldn’t Have Let This Name Expire

2
I went to sign a purchase agreement using a Montblanc pen I received as a gift. Midway through signing my first set of initials,...

Behind the $35k Purchase of Testimonial.io

5
According to its founder, Testimonial, is "a platform that helps businesses collect, manage and distribute testimonials in a single place." The company has used...