OnlineDomain.com Domain Name News & Opinions
Here is a look at some of Mike Mann’s domain acquisitions and sales from October. Mike had a busy month both selling and buying domain names and talking about the US elections so I might have missed a couple of his reported domain sales.
Mike Mann is the owner of DomainMarket.com that offers more than 250,000 premium domain names for sale.
Domain name sales:
PivotalCommunications.com $6000. Purchased 12/25/11 $7.50
SweetLegs.com $17,000. Purchased 10/11/04 $900.
ComfyClothes.com $7000.
CannabisAssociation.com $4000. Purchased 10/5/10 $8
LifelongGifts.com $9888. Purchased 1/15/10 $15
RetailBeauty.com $7400. Purchased 12/23/12 $7.50
MediationSolution.com $14,888. Purchased 10/12/11 $106
Domain name purchases:
MakeAmericaHateAgain.com $20
TrumpYoureFired.com $20
(One thing to remember is that Mike Mann needs to sell about $2.5 million worth of domains per year to break even and that he is NOT a flipper. The average holding time for his sold domains is usually more than 5 years.)
A few of Mike’s quotes over the past month:
Check out the latest article with Mike Mann’s opinion on New gTLDs here.
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All his sales for this month add up to $66k.
Multiply that by 12, and you get $794k.
That is pretty far from the $2.5 million break even point.
Mike doesn’t post all of his sales, especially the unremarkable ones. He has 45,000 domains priced at 3K or less which for most of us in the industry is where the majority of sales occur.
He has over 270,000 domains listed on his site. If his sell through rate were only 1/3 of 1% (likely it’s much higher) that would equal around 75 domains per month.
Is there a list somewhere of the past 200+ names he’s SOLD (pricing not necessary)
I just want to go look at the sites to see what’s now there…
I’m nosey like that…
~Patricia Kaehler — Ohio USA — DomainBELL
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You can see all the reports I have written here.
There is a thread on Namepros about Mike Mann having many UDRPs and still registering trademarked names (including facebook, microsoft,..) I think if Mike Mann replied to that it would be more interesting than knowing what he purchased many years ago and sold now.
Anyway, I do not really think this guy is breaking even.
I don’t understand why you say he is not breaking even. Let’s assume he IS loosing money. Why does he do it?
He can afford to, he is a go big, or go home kind of guy.
He has had many wins, we all know this game, you need big inventory, a certain % of turnover, and rinse, and repeat.
All the ones that are selling were acquired previous to 2011 for the most part.
Mike Mann is the most insecure dude beside DomainShane in the domain industry.