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Originally Posted by chadglni
I'm going to tell you what happened. Mind you this is 100% pulled out of my ass but who knows this could be it ;).
DHB saw the headlines of X domain selling for XXX million. He decided to get into the domain market and get him summa dat. He or someone he knows bought up shitloads of names when pulling some b/s like californiacoeds.com was a $20 registration fee. After accumulating hundreds or thousands of these domains he found a few suckers along the way that bought into the hype and wanted to get rich on domains. (Amway ring a bell) This reinforced the idea to him that his domains are worth 500 times the actual market price. I'm sure he's made some nice sales along the way, when you find that special buyer for that special name you can get some big bucks. You also post on GFY that you're selling a mediocre name that you estimate to be worth 5 to 6 figures. 
$305 is a damn good offer for that crap. You can register equally valuable names still today with a little digging. |
Thanks for the kind words, however..
I have been in the domain business for over 5 years. I manage almost 20,000 domains. I don't view domains as a 'get rich quick' scheme, I view it as a business to "work really hard, and hopefully get rich in the end."
CaliforniaCoeds.com was originally registered in 1997. That's not some junk that just popped on the scene.
My customers aren't "suckers." I have made them alot of money.
I have sold domains into the six figure range. I have bigger deals on the horizon.
;)