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  #1  
Old 02-20-2006, 05:52 PM
Nick Nick is offline
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I told you I hit a jackpot...

Well, remember when I announced the purchasing of pet-medicine.us?

Well today I got an offer to purchase the domain between $5,000-$10,000.

Still negotiating but it looks promising!
 
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  #2  
Old 02-20-2006, 05:52 PM
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jwalsh jwalsh is offline
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That's a damn nice profit for a .us, Congrats man. Got the .com too?
 
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  #3  
Old 02-20-2006, 05:54 PM
Nick Nick is offline
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nope, I wish

I got another domain I will purchase if this goes through
 
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  #4  
Old 02-20-2006, 05:57 PM
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DaveyBoy DaveyBoy is offline
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well judging by the guy's previously 'embellished' posts, it's an offer for 50-100 bucks
 
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  #5  
Old 02-20-2006, 06:08 PM
Nick Nick is offline
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Quote:
Originally Posted by DaveyBoy
well judging by the guy's previously 'embellished' posts, it's an offer for 50-100 bucks
No, this is serious.
 
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  #6  
Old 02-20-2006, 06:10 PM
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DaveyBoy DaveyBoy is offline
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well done
 
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  #7  
Old 02-20-2006, 06:11 PM
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jwalsh jwalsh is offline
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I've always been curious to hear what Mr. Scott paid for v7n.com... but it's none of my business. Had to be a good amount though...

... Unless he stumbled across the domain that was miraculously still available, and build the brand around it...
 
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  #8  
Old 02-20-2006, 06:17 PM
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Thanol Thanol is offline
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Quote:
Originally Posted by jwalsh
I've always been curious to hear what Mr. Scott paid for v7n.com... but it's none of my business. Had to be a good amount though...

... Unless he stumbled across the domain that was miraculously still available, and build the brand around it...
If I remember correctly, one of the members/ his friends pointed out that it was avaliable. JS had v7inc.com before v7n.com .
 
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  #9  
Old 02-20-2006, 06:35 PM
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SN3 SN3 is offline
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I wish I could sell some of the domains I have!
 
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  #10  
Old 02-20-2006, 06:48 PM
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trinity trinity is offline
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Congrats... thats awesome, when you sell, what do you plan on doing with the money ?
 
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  #11  
Old 02-20-2006, 07:09 PM
Nick Nick is offline
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Quote:
Originally Posted by trinity
Congrats... thats awesome, when you sell, what do you plan on doing with the money ?
I don't know, probably saving it!
 
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  #12  
Old 02-20-2006, 07:51 PM
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Kitchen Designer Kitchen Designer is offline
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Originally Posted by Nick
I don't know, probably saving it!
I reckon you will be buying more domains. Congratulations mate.
 
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  #13  
Old 02-20-2006, 08:24 PM
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John Scott John Scott is offline
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I paid $15 for v7n.com

I think I'll seriously try for v7.com
 
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  #14  
Old 02-20-2006, 10:26 PM
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Dustin07 Dustin07 is offline
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congrats, good flip job if it pans out.
 
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  #15  
Old 02-20-2006, 10:27 PM
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Waiting to hear back from the dude, he should respond by tomorrow.

Frankly, I'd take anything for it. It has major potential
 
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  #16  
Old 02-20-2006, 10:33 PM
tinkerbell tinkerbell is offline
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nice ... and hope everything goes well with the negotiation..
 
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  #17  
Old 02-20-2006, 10:35 PM
Nick Nick is offline
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I'm having second thoughts on it, i mean its such a great domain, should i sell it??
 
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  #18  
Old 02-20-2006, 10:37 PM
Nick Nick is offline
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You know the saying, "good things come to those who wait.."
 
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  #19  
Old 02-20-2006, 11:25 PM
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T0d T0d is offline
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I wouldn't pay what he's paying you for it.
I would take the money and sell that domain.
 
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  #20  
Old 02-21-2006, 12:36 AM
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Kitchen Designer Kitchen Designer is offline
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Quote:
Originally Posted by Nick
Well today I got an offer to purchase the domain between $5,000-$10,000.
I think you could do better than that (if you can negotiate effectively ).

I just did a search for pet medicine through Overture (Australia). About 19,616 people searched for that term in Jan 06. I then ran it through Google and found that the top ranking site was petmedicinechest.com. Next one down was 1800petmeds.com (oh happy days ). Couldn't check Adwords figures because I need an online pharmacy thingo .

Well now, if you are getting 19,600 people searching for 'pet medicine' per month, you can safely bet that you will see that many people to your website as the keywords are in your domain name and with a bit of fancy SEO work you will rank at the top quite easily (given that your competitors haven't really optimized their sites for that particular keyword).

Even if you get a conversion rate of 3% you will end up with 588 people purchasing from you. I dont know how much profit is in each sale but lets say you make $5 per sale. Thats $2,940 per month or $35,280 per year.

Also take into account that Overtures figures a usually a quarter of actual search numbers for a given month. So maybe you might be making $11,760 per month or $141,120 per year based on a $5 dollar profit margin per sale.

You could also take into account other avenues of revenue i.e Adsense, affiliate stuff etc.

So, you may well be sitting on a goldmine. If you have good nerves, next time the potential buyer emails you and tries to offer you less, you can (politely) tell him to 'bash it up his (_x_)' and that you will get back to him later as you have got a few more offers from other interested parties. Then sit back and see what eventuates.

10 years ago I spent $20,000 for a business name. It was a good investment!

Last edited by Kitchen Designer; 02-21-2006 at 01:05 AM.
 
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