At last, I now own the 2 domain names I bought from the 3M Company. I say ‘at last’ because the whole transaction lasted for more than 2 months. The “agreement” was reached on the 14th of October and that was also the date that the escrow transaction started after I bought the domain name at the BIN price.
The domain names were WristStraps.com and WristStrap.com. These are not some killer domain names but have good monthly searches and PPC bids. I paid $300 for each of the domains. I think it was a pretty good price so when I saw them listed for sale with a $300 bin price I bought them immediately.
If you are not familiar with these, wrist straps are used in bodybuilding and weightlifting but are also used as the primary method for grounding people handling static sensitive electronic items. 3M offers a big selection of those.
I bought the domain names at Afternic and the escrow transaction lasted a bit over 2 months. I delayed payment for a week because I wanted Afternic to confirm that the domain names were for sale by 3M and not somebody else that didn’t own them.
After I paid the transaction took a lot of time and effort including 10s of messages with Afternic support. After 3 or 4 failed registrar transfer attempts the buyer changed the email address in the whois and finally approved the transfers. So if you hear that a 3M domain name was suspended because of the 2013 RAA don’t be surprised.
The 2 transfers finally completed today December 17, 2014. It is more than 2 months since the agreement but at least I got the domains as I was ready to give up.
I originally wrote about these 2 sales and the movieheaven.com purchase that didn’t work out here in an article called “Company Buys 3 Domain Names From 2 Cybersquatters (3M & Turner)”.
If you want to see some more domain name purchases I made this year and specifically from the first half of 2014 click here.
Great buy. 3M did nothing with them.
Wow. $600 for both of those is an amazing buy.
Nice buy. Let us know if you develop it and what it looks like.
At first i misread the headline and thought ‘At last i got the domains i paid 3m for’ Was kinda thinking if i have 3 million to spare i might be doing other things
Good acquisitions and got it at great price.