Domain Auction Is On

My first attempt at flipping a domain name has been successful! I purchased about a week ago and delayed in putting up for sale for a few days (I was kind of busy quitting my job).

In fact, I took a pretty huge risk buying that name. It is a typo and a .net, not a .com domain. Plus, it wasn’t just a regular purchase. I had to pay quite a bit over what a normal domain goes for because someone else had already registered it and had it up on a domain marketplace.

So, I bought it and eventually put it up for sale. This morning I sat down and started reading my emails. I had the domain listed for $1000 and someone had offered $500 for it. Take out the fees from the marketplace and I’m left with at least $400 (I did pay a little extra to get some prominence in the domain marketplace). Not a bad little bit of change.

Here’s the cool thing though. With Sedo Marketplace, if you have at least 5 days left on your domain sale and someone makes an offer, you can immediately put it up for auction to see if there’s anyone else out there who wants it and test the marketplace to make sure you’re not leaving money on the table. So, I just put it up for auction. Even if nobody else wants to bid, I’ve confirmed the sale to the person who wanted it at $500, so I can’t lose.

If you’re interested in bidding on, you can do so at the Sedo Auction. The auction ends September 06, 2007 at 01:06 PM (EST). Get your bidding on.

[tags]domain, auction, anitvirus[/tags]

Nate Ritter lives in the Pacific Northwest (U.S.), popularized the #hashtag and creates web applications for a living. He also does miles and point hacking to enable cheap travel for his family. More here →

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