Mike Mann’s domain business is definitely having a great start to 2018 with another reported domain sale this time he sold BasicsMarket.com for $14,888 from his domain marketplace DomainMarket.com
Mike announced the sale on Facebook.com where he often discussed his domain name sales and thoughts, The whois has updated already and appears it is now owned by Basics LLC, Yesterdays reported sale of RevolutionResources.com was completed using Bitcoin however the sale of BasicsMarket.com appears to have been a standard cash transaction.
It looks like Mike’s company hand registered this domain name in 2012 holding the domain for a little over 5 and half years before selling yesterday.
Lets assume Mike paid $9 for his renewals @ 6 years – $54 + $8 acquisition cost – Total investment of $62 has returned Mike approx $14,826 in profit – 23,912% ROI not bad for a few days work but don’t forget Mikes company Domain Market owns hundreds of thousands of domains and needs to pay renewals every year so Mike needs these sales to help with the day to day running costs.
Congrats to Mike & Bascis LLC the new owner of BasicsMarket.com.