As Mike Berkens article points out the sale of Meet.me is now final and an investment of less than $2000 less than 3 years ago has now ripened to the tune of $450,000 CASH. Mike Berkens, Ammar Kubba and I have bought several domains together over the last few years. We don't have a contract, there are no lawyers involved. Just 3 solid guys that know how to do business on a handshake because this business is about handshakes. Together we own Date.me, Love.me and Marry.me and decided we could pull Meet.me out of the group without too much pain.
Make no mistake, this domain is worth much more but $450,000 is nothing to sneeze at and that becomes a building block for future sales. This domain means something and that is why it has great value. As Mike pointed out, we beleive this is a World's record for a .Me domain name.
The timing is interesting because I have been working on a post that will show the same Blah, blah, blah you hear in 2011 is eerily similar to what you heard in 2000, 2007 and every year in between. That post will be up within the next hours or maybe tomorrow.
Domaining is about speculating. It is not a religion. We don't worship extensions. We look for solid investments that have a chance of becoming valuable.
I own about 25 .me domain names plus the ones I own with Mike and Ammar.
As Mike pointed out, a few weeks back at TRAFFIC our 3 man group bought several .xxx domains. It is speculation. It is an investment. It is not about the value today, it is about how things unfold YEARS from now. It's about planting seeds now so you can look smart in the future.
Have a GREAT Day!