Bought for $350, WashingtonJournal.com Sold for $75k | DomainInvesting.com
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Bought for $350, WashingtonJournal.com Sold for $75k

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Mike Mann reported another solid domain name sale this morning. His company reportedly sold WashingtonJournal.com for $75,000. The sale was reported by Mike via Twitter:

What is is most notable about this sale is that Mike announced that the domain name was acquired in 2005 for $350. I checked NameBio this morning, and there are quite a few (keyword)Journal.com domain name sales in its database. Impressively, the WashjngtonJournal.com sale is the largest by far. Here are the top five publicly reported similar sales according to NameBio

  • TravelJournal.com – $25,000
  • PhotoJournal.com – $11,301
  • WebstreetJournal.com – $11,288
  • BizJournal.com – $10,200
  • TokypJournal.com – $8,400

One of the best performing publicly traded stocks over the last decade is Amazon. Had Mike invested that $350 in Amazon on February 21, 2005 and held it until today, that investment would be worth approximately $9,400 today, according to this stock return calculator. Even one of the best stocks can’t come close to matching the return Mike achieved on this domain name.

It is very likely that this will be one of the top sales of the week in DNJournal’s weekly sale report. It does not appear that the transaction has closed yet since the domain name is still registered to Mike’s company. It will be interesting to see who acquired WashingtonJournal.com and how the domain name will be used.


About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has sold seven figures worth of domain names in the last five years. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest.


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Comments (4)

    Ryan

    Name is at Enom, slow death of 5 day transfer outs

    May 17th, 2017 at 10:32 am

    steve brady

    If Seventy Five Grand doesn’t make you happy, you can’t be happy.

    For the most accurate news and commentary on Washington, they can just redirect the domain to his Twitter feed.

    May 17th, 2017 at 10:37 am

    Ryan

    12 years alot of things can happen in life, amazing story, and glad to see him make it past the finish line with the domain after owning it so long.

    He waited for the right deal, and in 2017 it came along, I am sure D T will take credit for the sale.

    May 17th, 2017 at 12:38 pm

    John

    Great sale but that Amazon analogy is nonsense.

    May 17th, 2017 at 2:37 pm

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