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”
If you use the internet then you should know what domain names are. Whenever you visit web sites, the domain names appear in the address bar of the browser. The word address is very important, as just like your home address which allows people to find your house, a web address allows the browser to find a web site. The internals of the internet, do not actually use this address though, it is converted to an IP address (Internet Protocol), and it is that number in the format of 000.000.000.000 that is the actual address.
Domain names often contain the words that the site is about. So a site about guinea pig homes, will possibly be called guineapighomes4u.com. So if you are looking to register a domain, then give a clue to what the site is actually about in the name. However, this is not always the case, but by using a name that does not correspond with the sites subject you will need to build up a brand. Examples of this kind of thing is Apple and Samsung. We only know what they sell as they have built up a well-known brand around those names. Continue reading “Domain names explained”
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”