While scientists are trying to contain the outbreak of Ebola, some entrepreneurs are cashing in on the hysteria. One Internet domain name trader has sold Ebola.com to a medical marijuana company in a deal worth $200,000.
The domain owned by the Nevada-based Blue String Ventures was sold to the Weed Growth Fund, Inc. and its subsidiary Cannabis Sativa, Inc. which promote the medical use of marijuana.
Chris Hood and Jon Schultz, who own a total of 5,000 domain names in their portfolio were offered, according to a filing with the Securities and Exchange Commission, some $50,000 in cash and 19,192 shares of Cannabis Sativa worth close to $170,000.
That is over $200,000 in profit after the original purchase of the domain in 2008 for $13,500 by Nevada-based Blue String Ventures. Continue reading “Ebola.com sold to medical pot company for $200,000”
Back in the “wild west” days of the Internet (the 1990s), there was a mad dash by many entrepreneurs to purchase as many unique domain names as possible. Back then, a savvy entrepreneur could buy a popular one word domain name for less than a 20 spot. But times have changed, and the Web is now big business. Accordingly, companies now spend hundreds of thousands of dollars — or even millions — purchasing just the right domain name to brand their online business. One entrepreneur who made a particularly good investment back in the 90s is Chris Clark of Maryland. Chris managed to purchase the domain name pizza.com way back in 1994 for a paltry $20. He has held on to the name all these years and just recently sold it at auction this March for a staggering $2.6 million. The winning bid is more than 13,000 times Clark’s original $20 investment. Continue reading “Unique domain names sell for millions”
When someone chooses to register a domain name they typically have the option to purchase it anywhere from 1-3 years. As the years expire, the owner of the domain name has the option of renewing it or just letting it expire. Most people typically renew their domain name because they have a web site located there. Many domain buyers purchase hundreds of domain names that they actually never use. They buy them because they think they might use them or because they might pay off in the future if someone else wishes to purchase it from them at a certain price. When you are searching for the right domain name and you may come across some are expired or soon to be expired. Logically, you may think that you just wait until the certain expiration date and pick it up for the low, low price of $8.95 or whatever the current registrar is charging. Unfortunately, there is more to it than that. Continue reading “Purchasing expired domain names”