I received a couple of updates from Internet entrepreneur Mike Mann that I wanted to share with you. First, his company sold two .CO domain names last week. Tequila.CO was sold for $14,500 and Recipes.CO was sold for $5,600. Both sales were closed on
Mann’s DomainMarket.com platform (Correction: I was informed both sales were actually closed on Sedo).
In addition to these sales, Mann recently posted a new webinar entitled “When to Quit Your Day Job.” According to the website on which it’s posted, you can
“Join Mike Mann, serial entrepreneur and author of “Make Millions and Make Change, Secrets to Business and Personal Success,” in a candid webinar about how quitting your job might be the best move you could ever make. Mike will discuss:
- Why quitting your job is necessary to build a profitable business
- How to know when to quit your job
- What to know before you quit
- The real risks of quitting
- How jobs prevent personal success
- The power of faith and belief in your ideas
Mann is one of the most successful entrepreneurs in the domain space, and this is a video you should check out if you have some time.
Tequila.co is a nice sale. Recipes.co is a little on the low, IMO.
I would have held onto recipes – seems like a steal for $5k
anyways congrats to mike on his CO sales
In case anyone is interested, Visit.CO is on Ebay for under $2,000. I don’t own it nor do I know the seller, but I was emailed about it.
Nice work by the “Mann” on Tequila.co~
According to WhoIs records neither Tequila.co nor Recipes.co has been transferred to a new owner, so transactions have not been completed for these domains (not to say they won’t be).
True, but I think they were just closed on the 28th, so likely a few days for any transfer to take place.
These are top tier keywords assigned long before open registration. It is not a surprise that domains like this can sell.
I would be more impressed if the average .CO buyer turned a profit with domains that were not preassigned.
Has even one domain sold @ landrush been resold for a profit yet?
Really nice sales. Recipes.CO was a steal IMO.
I own 10 or maybe 12 .CO domain names and I’ve turned down two profitable offers for one of them mid $xxx. For me, the short term gain of a few hundred isn’t worth selling them right now. I’d rather wait 5 years and see how it plays out. If they’re worth little, I lost $30 in cash and a few hundred on paper. I am betting they’ll be worth more.
I totally understand. I am not really a domain flipper.
The vast majority of my domain sales are directly to end users, and I have no problem holding for the right offer.
When open registration began 30K+ domains were already assigned, including most of the top tier generics.
The ability to sell top tier keywords that were preassigned without competition does not have any relevance to the average .CO investor to me.
“The ability to sell top tier keywords that were preassigned without competition does not have any relevance to the average .CO investor to me.”
I think the fact that there are people/companies buying keyword domain names at premium prices is relevant to the average .CO investor. It’s more concerning to me when there isn’t an aftermarket.
There are companies buying keyword domains in NET/ORG/INFO/US/BIZ etc. The amount of articles written about .CO is far greater than it’s actual impact in reality.
Outside the domainer bubble .CO it is barely a blip on the radar screen. I deal with end users daily and have had one person ever ask me about .CO
How long did it take for .com domain names to become adopted back in the day? Consumer adoption doesn’t happen overnight. I’m not saying it ever will take off, but it’s wise to have a somewhat diverse domain portfolio, and that might include some .CO domain names depending on your investment horizon and capital.
If you had been able to see how .com domain name values would turn out 15 years ago, I am sure you would have bought enough of them to retire. Hell, you could have probably invested $250,000 in 2001 and had similar good fortune with .com domain names.
Unfortunately for me, I paid no attention to domain names in high school and didn’t get started until grad school in 2003. It wasn’t until 2006 that I became more serious about them. I wish I had invested more right when I started and a couple years prior, but we can only make investments based on today’s knowledge.
“Outside the domainer bubble .CO it is barely a blip on the radar screen”
I mainly deal inside the domainer bubble. Lower profit margins, but quickly flips and usually better for steady cashflow.
The .CO marketing campaign has been phenomenal, no doubt.
But how many extensions have been released and fizzled in the last 10 years?
How many of these extensions have truly taken off? Why is .CO different?
I am all for diversifying. My portfolio is as diverse as anyone.
At this point though I don’t see the risk reward ratio being great for .CO. I would rather just buy a quality .INFO with limited competition and more buyers.
At least 95% of my sales are directly to end users.
Many domainers put too much weight into articles or news that fit their vision.
When dealing with the average end user you actually get a real perspective. End users know far less about domains than most domainers seem to realize.
What is big news in the domain world, in general has virtually no impact in reality.
“End users know far less about domains than most domainers seem to realize.”
I sort of agree with you in that end users know less about domain names, but I don’t think most higher end domain investors who do this for a living don’t realize it. I do think many people who invest in domain names on the lower end of the scale have no idea what makes a good domain name.
“What is big news in the domain world, in general has virtually no impact in reality.”
Maybe to a degree, but I think it’s a symbiotic relationship.
Here is the newest .CO sale results and report
I noticed that these two domains had ever bid on Sedo Premium Auction.Recipes.CO bid the same price as now,but the Tequila.CO is lower than now price.
EEI.co and Poet.co on auction at Sedo Now.
eei.co current price:$750
poet.co current price:$775
Why not just register one .CO domain in a niche that you are familiar with….price it at $200 and send out 10 emails to potential end users. Yes, it will be different than when endusers come to you unsolicited but that is where the low $200 price will attract a buyer. This test method will give you first hand info on .CO and you don’t have to rely on the opinions /results of others.
I do think there’s an increase in .CO interest and sales – these are certainly nice ones. I’ve received 4 offers in the last 3 weeks, two through Afternic, one at Sedo, and one inquiry on a NNN.CO via email.
Unfortunately, although I generally think it’s important to get people promptly, I’ve had so much going on (just moved to a new apartment, still unpacking, etc.) that I dropped the ball. The Afternic offers were mid-xxx and could have led to decent sales, but I didn’t even deal with the email until after they were expired.
It will be interesting to see who purchased MM’s names and whether they end up being developed or redirected.
If endusers don’t know about domains and extensions, your ‘test method’ can be applied, with no doubt the same results, with ‘any’ tld. So it boils down to just educating endusers about domain names in (pretty much) any extension.
Extensions are not created equal…. nor are word/words that come before that extension. For some people, an extension will just click and they will want it, others could care less. See the top10.co article that dnw.co just published or dnw.com if you want to type the m 🙂
.CO adoption has been faster than anyone ever expected and
.CO has been increasing in value faster than anyone expected.
I am offering my very best domain I ever have. This is great for fundraising and taking donations.
for 5-10k range. Thank you for your interest.
@ Robert Cline
I don’t think it’s worth that much.
okay, I am willing to hear suggestion. What would you assess it at.
Just look at BMR.CO
which went for
which is already at $2,000 at auction.
None of those have anything to do with your name. In addition, Visit.CO has no bids.
This is not a venue to pimp your domain for sale.
Just because one random LLL.co sold for $15,000 doesn’t mean others are worth that.
On the various domain forums you can easily buy triple premium LLL.co for Mid $XX – High $XX.
Why do you even bother being here.
You need to get your facts straight.
O.CO was sold for $350,000
majority of LLL.CO have been selling in the 2-4k range.
is perfect for like American Red Cross to receive pledges through for like the tsunami in Japan.
Robert, charities rarely pay $15,000 for a domain name, nevermind a .CO
Best of luck though.
Now here’s a guy trying to sell his garbage name Pledges.co for 5-10K. Now, that is the biggest joke I have ever seen.
And he has no shame asking for that price, either. Of course, he wouldn’t pay $500 for Pledges.com, and yet he will tell you it is a bargain at 5-10K.
The name is absolutely HORRIFIC and you should be embarrased to even asking for anything for it. It is about the most usless names I can dream up.
5-10K for Pledges.co? This is too funny. Pathetic.
@Brad and @pledges.co sucks
Don’t mind Robert Cline, he is a .CO promoter. You can find him doing the same thing in the comment sections of the other domain name blogs, too.
New pricing on
The biggest factor towards the value of .co will be in other countries ! Country codes use domains like example.co.uk , example.co.ae etc. they would love the names . @robert you should just put a link in the post to a site with your names for sale, I think its inappropriate to list all those names like that unless you asked the page owner elliott. @move along @pledges and @brad I beg to differ on your opinions, I think the pledges.co and charities.co is Very much worth it to the right parties.
I have nearly 80 premium .co namesbut I won’t sell for years. Those names in the design auction were mostly garbage. I love it though how people praise and look up to the guys like Mann. These guys are so out of touch with the real domaining industry. Look at the garbage names they flip on their site. All I am saying people is don’t look up to domainers that got in early and scored some big names back when domain names had no value and the net was still in its infancy. Elliot is switched on but why people look up to guys that get given names on a platter without having to do any work is beyond me. I partner with some heavy hitters in the industry and we flip awesome names at below market value. Don’t praise greed. Praise innovation that is today and now.
There are plenty of guys who bought names way back, turned down big sums at the time, because they felt the market would one day be what it has become. There’s no luck to that. It’s not like they bought these names, registered them for many years, and went into a multi year coma, and now they’re sitting on a fortune.
What do you think the “real domaining industry” is? IMO, those guys are the heart of it because they still own some of the best names there are, and the prices at which they sell them help drive interest and notoriety in this business.
Check out this amazing LLLL.CO site:
stories.co sold for $7,500
I agree with the fact that they held onto the names. I just believe that it doesn’t take a genius to hold onto a young investment for a few years, that’s all.
Guys like you, me and the others pushing the buttons in the current climate are the ones that have to work harder to get the sales.
I feel, however, that because someone invested in a portfolio in WWW infancy does not make them a current superstar in todays domaining world. A pioneers? Yes. Luck? Yes. Wise to not sell? Yes.
We should respect the pioneers for getting in early, however we now need to learn from the successful domainers that are pushing the sales (even without having the advantage of a very early start) in the current climate.
The golden days are over. We must look up to the next generation. Times have changed considerably and you have to be 10 times smarter than the guys from the early days to get the big names and conversions.
To answer your question “what do you think the real domaining industry is?”. It’s about the struggle to get the conversions, let alone the names that are lucrative for resale. It’s about not having a 15 year advantage on the rest of the industry. It’s about not being hand over lists of free domain names. It’s about forging your own path in an industry that is volatile and unpredictable, saturated with a large majority of domainers that are either uneducated, unrealistic or just plain greedy, that are holding the industry back from achieving its true potential.
Most people would regret having started domains in the 90’s. What if you sold 7 figure domains for cheap back then? It’s like walking off a casino machine, and then another hitting a $4 million jackpot.
The cost of domains in the 90’s would have limited many. When more domain registrars surfaced, the price of domains decreased. This is a good time to renew .co to receive a better price.
Robert is like one of those paid medical school instructors who push a drug or a medical product on their students.