Via The Sydney Morning Herald:
Despite his 6000-strong portfolio, Schwartz says he has sold fewer than 10 domain names so far for a total sales income of about $US3 million. In 2004 he sold Men.com to a magazine company for $US1.3 million.
Schwartz’s reluctance to sell is unsurprising given the amount of annual income some names can generate. Porno.com, which includes little more than advertising, is Schwartz’s smartest acquisition so far.
“The domain name cost me $US42,000 in 1997 and spits out more than $US1 million annually,” said Schwartz, who estimates he has spent $US5 million purchasing domain names so far.
“Property.com and Properties.com may end up being my most valuable as their value can easily exceed $US10 million. Then there is candy.com, cd.com and widgets.com all in the hunt for a multi-million dollar conclusion for me and a historical opportunity for whoever eventually develops them.”
As Rick, we’ve sold less then 10 domains total over the years, majority at six figures range. The key to these sales is simply to not care whether the sale happens or not. Rick, as us, do not make his living on selling domains but on traffic. Any sale is just a bonus.
Pretty positive article overall.
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