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-   -   Congrats to Rick Latona on selling Dollars.com @ $650,000 (https://gfy.com/showthread.php?t=750469)

WiredGuy 07-11-2007 12:16 PM

Quote:

Originally Posted by Rick Latona (Post 12740442)
Actually I paid a whole 8000 dollars for it in 2002.

Not a bad ROI ;)

Did you end up doing anything with the dollars.com backend (the software) or did you write it off?

WG

collegeboobies 07-11-2007 12:18 PM

very nice

LoriAnderson 07-11-2007 12:26 PM

congrats!:thumbsup

Rick Latona 07-11-2007 12:26 PM

Quote:

Originally Posted by WiredGuy (Post 12740478)
Not a bad ROI ;)

Did you end up doing anything with the dollars.com backend (the software) or did you write it off?

WG

Excellent question. In fact we have something that can benifit you. Check www.madisonavenue.com (I like that domain too).

Rick Latona

BlackCrayon 07-11-2007 12:31 PM

Quote:

Originally Posted by Rick Latona (Post 12740442)
Actually I paid a whole 8000 dollars for it in 2002.

Damn you lucky sob.

sextoyking 07-11-2007 12:39 PM

Nice sale Rick - read it on dnj last night.

It helped pay for iran.com and that name is worth alot more then dollars

cashcows 07-11-2007 12:44 PM

Quote:

Originally Posted by DrinkingHARDEST (Post 12740268)
Wow congrats to Rick, I would have thought Dollar rental car would have been the logical company to buy this domain or a financial institution...

I think $650,000 is a bit low to be honest, but as long as the seller is happy who cares :)

DH

I figured it to be a million dollar name as well. It's all about perception and how long you are willing to wait to sell.

I have almost 3000 names. I believe my names are worth several million, at what point others will agree is the question. Rick did not think so as he made me no offers. I personally would not have paid $400k for Iran.com or buckhead.com (buckhead.com unless it is developed is not going to do much I don't think, unless he re-sells it to the city for a million) it's all perception.

I know one thing every name I have ever sold for a decent chunk of cash, I was told I would never get that price and I always got more than they said I would ever get. Now some times I wish I had those names back I would get 2-3 times that now. But that's the way it works sell it or keep it you can't do both. Maybe I should joint venture or lease them?

I'll tell you one thing this selling names based on traffic value alone is coming to a close. The .com market is coming back big. I wrote about this on my website on the front page Cashcows.com about 5 or 6 years ago. About the domain flipping.

moneymotivates 07-11-2007 12:49 PM

impressive ROI congrats!

Wizzo 07-11-2007 12:58 PM

Quote:

Originally Posted by sextoyking (Post 12740623)
It helped pay for iran.com and that name is worth alot more then dollars

Especially if Apple gets into the running shoe market... :winkwink:

MaDalton 07-11-2007 12:59 PM

Quote:

Originally Posted by Rick Latona (Post 12740423)
Thanks everyone. And to answer MaDalton, the project is finally in the black!

that's what counts :thumbsup

MaDalton 07-11-2007 01:01 PM

Quote:

Originally Posted by Wizzo (Post 12740726)
Especially if Apple gets into the running shoe market... :winkwink:

https://youtube.com/watch?v=xcjLEwZqcQI :)

DomBuyer 07-11-2007 01:20 PM

Quote:

Originally Posted by Rick Latona (Post 12740442)
Actually I paid a whole 8000 dollars for it in 2002.

Heh, where's that idiot who started the thread that there's no money in domains. :thumbsup:helpme:error:1orglaugh

ffmihai 07-11-2007 02:11 PM

actually i thought that domain worths more than 650k!

Klen 07-11-2007 02:22 PM

Lucky bastard :)

Rick Latona 07-11-2007 05:28 PM

Quote:

Originally Posted by Wizzo (Post 12740726)
Especially if Apple gets into the running shoe market... :winkwink:

Yeah I love making the I ran, he ran, we all run joke.

Rick

Rick Latona 07-11-2007 05:31 PM

Quote:

Originally Posted by ffmihai (Post 12741150)
actually i thought that domain worths more than 650k!

More than a few of you have said the same thing. At the end of the day, I buy a lot of names and I wouldn't have paid more than 200,000 for dollars.com, therefore, why not sell it for 650,000; especially when that is the biggest cash offer in years? It's all about transactions and cash flow. If the day ever comes were I can no longer buy, I'll look again at my decision making. In the meantime, I have no regrets.

V_RocKs 07-11-2007 05:44 PM

Nice chunk of change.

Bake 07-11-2007 06:05 PM

so who handeled the sale?

MorningWood Stefen 07-11-2007 06:27 PM

The name said it all! :)

Spiegelau 07-11-2007 06:48 PM

Quote:

Originally Posted by KlenTelaris (Post 12741217)
Lucky bastard :)


I love the way people throw around the word "luck" or "lucky" as if Rick just stumbled into this, and into his success. WHO, WHA? WHERE AM I? WHAT IS ALL THIS MONEY FOR????

Masterchief 07-11-2007 06:48 PM

I remember a while back I tried selling a domain on a board for ~$1,000 and naturally I was met with "rofl that domain isn't worth that much responses". A couple months later it sold for $10,000 on afternic :thumbsup

The Dawg 07-11-2007 08:02 PM

Thats a nice payday! :thumbsup

madawgz 07-11-2007 08:12 PM

thats a big sale, congratz rick :thumbsup

Mutt 07-11-2007 08:23 PM

people keep saying 'lucky' when they see domain sales for big money. nothing lucky about it, they had vision that those of us who didn't make big money in domains didn't have. it was all there for the taking for anybody - look what he typed - he paid $8,000 in 2002 - there are a thousand webmasters here on GFY who were around in 2002. $650,000 grand on an $8,000 investment. Did you have $8,000 in 2002? If you answer yes - YOU DUMMY!!!! :1orglaugh

i still haven't learned my lesson with domains - there was a guy on here only a couple of months ago selling a domain. I really liked the domain - for a project I have in mind and long term I think the domain would be worth a lot to somebody even if I never did anything with it. So the guy posted he wanted $2400. So I hit him up on ICQ and talked to him and I offered him $2K - he thought about it and said he'd get back to me if he didnt get a better offer. So I kept thinking about it all night and was going to hit him up the next day and pay his price, next day I rush over to whois.sc and - already gone. i'm a dummy.

the Dollars.com thing I knew woudn't work - webmasters are simple people, all the jargon and sophistication of that thing meant nothing to them. nobody trusts their traffic to a third party/go between.

Bake 07-11-2007 08:32 PM

Hey Rick while your cashed up I have a few high end domains I thinking of selling to fund some new projects. ICQ 77762980

Richard - Triplexcash 07-11-2007 11:45 PM

Quote:

Originally Posted by Spiegelau (Post 12742878)
I love the way people throw around the word "luck" or "lucky" as if Rick just stumbled into this, and into his success. WHO, WHA? WHERE AM I? WHAT IS ALL THIS MONEY FOR????

I was thinking the same thing. Smart would be a much more appropriate term. Congrats Rick!


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