I am now able to release the domain name I sold and the details behind it. The domain is eBet.com. Hand registered by me in 1996.
Here is the play by play anatomy of this sale for whatever it may or may not be worth.
The deal was agreed to on September 16th.
Network Solutions contacted me on August 29th with a $50,000 offer. I did not think anything of it as I get these all the time.
I countered at $1.8M and went about my business.
On September 3rd voila the buyer comes back at $1MM
The day after Labor Day and the day I have been pointing to all summer. Talk about a ship coming in on time!
Here are just 2 of those INTENSE posts I made pointing to labor day and what was to come after!
So, I thought about it for 45 minutes and countered at $1.6MM if it were all cash.
A week passes. No biggie. I expect it to take some time. The buyer may even be pissed since I passed on $1MM. But I can't control that, they will just have to get over it.
On Friday September 6th the buyer counters at $1.1MM
30 minutes later I think I can either go tit for tat and go down to $1.5MM or I can give them an opportunity to SAY YES!
So I think, how to get that number where I can live with and at the same time they can live with.
So I counter at $1.35MM and that was my final offer.
I hear nothing until the following Friday. September 16th.
They accept the offer!
It really does not matter that I hand registered eBet.com in 1996 for $100. It is the value today, tomorrow and more importantly, the value to the buyer which will play a role in transforming their company and online business.
Now I know the next thing is everyone starts pointing to 4 letter domains. Sorry, has nothing to do with 4 letters. Has to do with a 3 letter WORD and a prefix related to the Internet. The word being commercial and referencing a high number and high profit industry.
So now I have two sales in the $1.3MM range and I have two sales in excess of $3 Million plus lifetime royalties. I believe this is sale #20. And I am working on sale #21. It is just a 6 figure deal but on another hand registered domain. Details next month.
When do I sell? When the domain name is ripe. When is it ripe? When the right buyer comes along.
I believe I will have 2 more 7 figure domain sales within the year. One more possibly this year. In 2003 it was a very big deal. Today, no big deal at all. Commonplace and becoming more common and more acceptable.
All I can do is share the path and the story. Nothing more, nothing less.
As for NDA, there is none and it was never discussed. Had it been, I would have walked from the deal before I would have agreed to a non-disclosure. Men.com, Candy.com, Property.com, eBet.com are the building blocks not just for me, but for many. From 1995-2003 it was all theory. From 2003 to 2013 it has been solid evidence. Like I said, now common place. It may not even be one of the top 10 sales of the year by the time it is all said and done. And of course the domains under non-disclosure alone probably dwarf all the public sales listed.