Skip to main content SOLD for $750,000

I'm reading Rick Schwartz blog today and found out his sale for to CNN and got some interesting thought to share with you.

The domain name sold for $750,000.
$750k is a stepping stone. What it does is take what we do from theory to reality. When we look back at this sale in 10 years, people will say it was cheap and should have been sold for 10x that number. It's a stepping stone because sometime soon it will be unusual for any good domain to sell for under 7 figures. Then 8 figures. We are entering the period of time where we will see some significant domain sales.

Domain Appraisal is worthless according to Traffic founder Rick Schwartz:
If domainers want to be FOOLS and keep selling for "X", I will keep saying that domainers are leaving a FORTUNE on the table and don’t understand the anatomy of a great domain name. Maybe this will blow the lid off all the appraisals services. They are ALL WORTHLESS. Absolutely worthless. Not a single one has a clue. Not a one and SCAM is usually the first thing that comes to mind when I read a worthless appraisal that somebody actually paid for.

Domain Industry is a stable business.
During this slow down or recession, it will be the DOMAIN INDUSTRY that is the shining light on the hill. A place where great fortunes can and will be made. Times like this fuel emerging growth and we are more than emerging. We are busting out when everyone else is bailing out. We are positioned very well and this rocky financial environment we are in will benefit the domain industry more than any of us could do alone or collectively.

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