Domain Name Business

[neddy]

Great story on Domain Name Wire about Eric Borgos - legendary domain investor.

One domainer’s fascinating 15 year income statement
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[findtim]

goes to show once again that one mans rubbish.........

had to laugh that "bestammo" went for just $200 and "flowerstand" for 7.5K !

i'd have thought in the usa bestammo would be a million dollar domain ? i mean "kids today have disposable income.... "

tim

 

[neddy]

This is a long article, but it's one I remember reading some time ago.

In summary, Eric Borgos bought a bricks and mortar florist shop so he could get an FTD and Teleflora account. Then he used that for his online businesses.

Smart!

Anyhow, to do all of this, I needed membership into the FTD and Teleflora networks, and the only way I could do that was to own an actual flower store that was already a member. At the time, FTD and Teleflora did not like websites that just took orders but were not real florists, so to start my GetFlowers.com website I needed to buy a florist. I knew nothing about flowers or running a store, but my hope was maybe I could use my extensive business and computer knowledge to make a struggling flower store more profitable. If that worked, I could then buy more florists and make it into a big business. If eventually I had 20 flower shops each making $5000/month profit, that would be way more money than I was making from all my websites.

Have a read - imho it is a great article, and it shows true entreprenurial skill.
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[snoopy]

i'd have thought in the usa bestammo would be a million dollar domain ? i mean "kids today have disposable income.... "

tim

Are you joking? Sounds like a $50 domain to me.

 

[findtim]

you just don't get my sense of humour

tim

 

[Oz.]

I bought a few .com domains from Eric many moons ago. Top fella!