Mike Mann’s domain business is definitely having a great start to 2018 with another domain sale this time he sold RevolutionResources.com for $9,888 from his domain marketplace DomainMarket.com
Mike announced the sale on Facebook.com where he often discussed his domain name sales and thoughts, The domain is still at Domain Market so we don’t know yet who is the buyer, It is interesting to see that BTC (Bitcoin) was used to complete the transaction, I believe Mike has been using Stripe to complete payments on Domain Market however they are planning to discontinue accepting Bitcoin for transactions in the near future.
It looks like Mike’s company hand registered this domain name in 2009 holding the domain for a little over 8 and half years before selling yesterday.
Lets assume Mike paid $9 for his renewals @ 9 years – $81 + $7 acquisition cost – Total investment of $88 has returned Mike approx $9,800 in profit – 11,136.% 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 & to the new owner of ResolutionResources.com, the domain Resolution Resources is already registered in .Net, .Org & .Co.Uk – Could one of these be the potential buyer of ResolutionResources.com upgrading there domain name?