12 Aug '16, 8pm

Mike Mann Sells a Three Word .COM for $40,000

James Iles said: ↑ One of our favourite investors, Mike Mann, has racked up yet another five figure sale. Following on from the sales of AnimalsUnited.com for $39,000 and GotBoobs.com for $15,000 is this latest $40,000 sale of a three word .COM. The news of the sale was broken by Mike via his Twitter account , where he also shared his acquisition date and price. According to the tweet, Mike bought the domain name TheGoodWord.com back in 2005 for $350, and after holding it for 11 years, he has sold it for a phenomenal profit. A $350 acquisition into a $40,000 isn't an easy feat, especially for a three word .COM domain, but Mike seems to be able to produce these sales on a regular basis. As he owns a portfolio of 250,000 names, selling high is a prerequisite for maintaining a large portfolio. As ever with Mike's sales, the buyer is yet to be revealed. There are no immediate ...

Full article: https://www.namepros.com/blog/mike-mann-sells-a-three-wor...

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