Castello Brothers Are Opening Their Vault
I had a chance to speak with David and Michael Castello last week about our industry, and we spoke at length about current trends, projections and their three year development plan for CCIN’s portfolio. This got us talking about some of their other names they haven’t developed. David mentioned that CCIN never bought a domain name they didn’t intend to develop, and I pressed them about when they thought they would develop ALL of their domain names.
After much back and forth (and some teasing about how David would be 105 before they’d be able to develop everything) I convinced them that it might be a good idea to sell some of their great names they wouldn’t have time to develop in the foreseeable future. They could put a few on the market, allowing a developer to buy them for a good price and build out a name. David especially liked the idea because he has seen many people turning to developing less quality domain names because they couldn’t buy better .com domain names.
Needless to say, I have convinced David and Michael to allow me to broker some of their domain names, and the first one I am selling for them is Caracas-Venezuela.com for $7,500. This is the exact keyword domain name of the capital city and main tourist destination for Venezuela. In comparison, Boise-Idaho.com, a much smaller market, sold for $65,000 just a couple of years ago. Caracas-Venezuela.com is 10 years old and is ripe to develop and monetize.
This is an exclusive listing on my blog, and the first person to post “sold” in the comment section will get a great domain name at an even better price.
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