Ebola.com sold to medical pot company for $200,000


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”

Buying domain names for business and profit

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”

Domain names explained

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 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”