Just last year FindYourDomain sold ElectricCompany.com on the NameJet marketplace in a no reserve auction for $8,321. Recently, it was reported that the owner of ElectricCompany.com resold the domain name for $85,000 in a private sale. This represents a 10,000%+ return for the owner in less than a year!
Such domain name resale transactions are not uncommon in the current industry, where values fluctuate greatly according to the level of demand of a particular buyer and the nature of the negotiation. The sale of ElectricCompany.com is an example of the amount of opportunity that still exists in buying and selling domain names. It also shows how the full value of domain names often goes unrealized, even in a heavily promoted auction setting. The crew at FindYourDomain is in the process of setting up another auction event that will offer excellent buying opportunities for domain name investors. Stay tuned for further announcements.