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”
There are many reasons why people buy domain names and the introduction of different types of domains over recent years means there is plenty of opportunity to find a name to suit your needs. In this article, we will look at the variety of uses for a domain name and why people purchase them.
The original purpose of domain names was for businesses and organizations to match their business brand and name to their website. This is still the case today as any new business setting up a website will require a domain to do so. The most well known extension is dot com but for this very reason it is the most difficult to register your domain of choice, as many names have already been taken. It may be that you will still be able to find a suitable name but if not, you have the option of looking at other extensions. Continue reading “Buying Domain Names For Business And Profit”