It's all about domain names
On Saturday just past, anyone observing the expired auctions at Drop.com.au would have been gobsmacked to see some absolutely premium one-word domain names on their list.
One thing is for certain though. As the sole drop-catcher, Drop had a good payday – and there are some very happy domain investors. Santa came early!
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Going through some old research, I happened to re-read this excellent interview that the well-respected Giuseppe Graziano from GGRG.com did with industry legend Nat Cohen earlier this year.
This is just one of Nat’s observations: “Speculation and investment occur in every asset class and domain name investors should not be singled out for criticism. There are many domain registrants besides domain investors who want to take advantage of the domain aftermarket and who engage in the profitable resale of domain names, from a huge corporation who no longer needs domain names obtained through the acquisition of other companies, to a small business owner who is retiring and wants to cash out of a valuable domain name.
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WebCentral claim that dropcatching “will be redundant in the near future once (auDA), the domain governing body makes much needed changes to the industry.”
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Last week, insurance giant iSelect dropped the extremely valuable premium domain name LifeInsurance.com.au(.) Tomorrow, seemingly unbeknownst to their marketing team, HouseInsurance.com.au drops.
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The premium domain name LifeInsurance.com.au was just purchased on Drop.com.au for $100,000.
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Luke sold Fleet.com.au for $12,000 and Link.com.au for $66,000. Watch the show to see exactly how he did it.
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The premium generic domain name Link.com.au is dropping due to, what looks like, someone making an anonymous complaint against it and TPP Wholesale or auDA accepting that complaint.
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This domain was taken out of Policy Delete mode AGAIN at THE LAST MINUTE by auDA for the second time in a month.
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Today we have a guest post from Luke Smorgon. Apart from being a well known and successful digital entrepreneur at Transpire, Luke is a serious domain investor. He recently made a domain blooper which he has been kind enough to share as a learning experience for others.
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I’m talking about the domain name blockbuster.com.au. This hit the expired auctions over the weekend, and a domain investor friend of mine and I decided to try and acquire it. We were successful.
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On the expired auctions yesterday, the domain name RFM.com.au was purchased on the Netfleet platform for $17,050 (including GST and costs).
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