Eric Borgos cashes out after his business ideas didn’t pan out.
When you try to build a business on a great domain and it fails, take solace in the fact that you still own a great domain. You still have value.
That’s a lesson Eric Borgos has learned over and over.
Today, he announced that he sold yachts.com for $600,000. He bought the domain last year for $350,000 with plans to develop it. He tried many things: boat brokering, chartering, buying boats for cash, peer-to-peer boat rentals (like Airbnb), self-driving and electric boats, selling boat insurance, and even turning the site into a metaverse. None of them caught on (to be fair, that’s a lot to try in just one year!).
Despite the business failure, he still cashed in when a Sedo broker reached out with an offer to buy the domain.
It’s not the first time this has happened to Eric. He bought adventure.com for $200,000, tried a few businesses, and ended up selling the domain for more than he bought it for.
Peter Askew knows this type of exit as well. He bought calltracking.com for $21,000 and tried to build a call tracking business. It didn’t work out, but he sold the domain for $120,000.
With a great domain, a business failure doesn’t mean you walk away with nothing.
Eric Borgos says
I put a lot of time and effort into trying those various businesses on Yachts.com. In the future, I might do better just trying to flip a domain, which is a lot less work.
Andrew Allemann says
True. Did you have fun trying to develop the business though?
Eric Borgos says
Yes, it was fun and good experience. It would have been more fun if I actually turned it into something that made money, but at least I got to try.
accidental profit of $250k haha
hope some rich guy wants to be known as Thavus online like me and snags thav.us
Congrats to seller.
$600K confirmed sale will look nice atop DN Journal Top 100.
Premium dot-Coms will continue to catch six-figure+ prices.
Richard B Morris says
Very interesting….ironically i’d recently bought the domain Yachting.link for my new portfolio. With .link being an up and coming TLD, i just thought it made good business sense. Note, Yachting.xyz is for sale at DAN for $149,888. This industry is so interesting, i feel like I’m operating in a dream world:)
I agree – you are operating in a dream world, but not for the reason(s) you probably think you are. LOL !
“With .link being an up and coming TLD”
With .link being a down and going TLD.
Yachting.link and Yachting.xyz are both horrible domain names.