I am regularly impressed and often surprised by the large sales reported by Mike Mann. Konstantinos from OnlineDomain.com regularly aggregates and shares Mike’s publicly reported sales, and it really seems like Mike maximizes the amount of money he is able to get when he sells a domain name.
Mike gets well-deserved accolades for his domain name sales, but one thing people should understand is that it can take a long time to sell a domain name for a lot of money. Take for instance, Mike’s exceptional reported $20,000 sale of JSPP.com, which he shared on Twitter earlier today:
JuSt Pay Please sold https://t.co/1Y3YGJg1L0 $20,000. Purchased 12/1/98 $113.
— Mike Mann (@mikemanndotcom) March 12, 2019
Selling a name for $20,000 is pretty good. Selling a domain name for $20,000 that cost $113 is great. You will note that Mike included his purchase date – December 1, 1998. Mike waited more than 20 years to sell the domain name.
Because it is a 4 letter .com domain name without any “bad” letters, it is likely that Mike turned down dozens or maybe even hundreds of offers over the years. It can take a great deal of time to sell a domain name for the right amount, whatever that amount is. I am sure there are plenty of names in his portfolio from around that time that have not yet received an offer that is good enough to get Mike to sell.
Mike is one of – if not the best at selling a domain name at its maximum price. People who follow Mike and his sales should realize it can take a long time to get a great offer.