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.
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.
True. Did you have fun trying to develop the business though?
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.
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.
There. Fixed.
Yachting.link and Yachting.xyz are both horrible domain names.