SOLD.ca OW.ca sells for 250K (2.Viewing)

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MapleDots said:
Back in the day I paid 15k for dn.ca and people told me I was crazy.
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Now who’s the crazy ones? :)

Definitely a steal. I remember when you bought it. Little did we know it would be such a valuable domain in general but for the .ca community as well.
 
Nothing beats SI.ca at $5K and that was a semi-recent sale to an actual business.

Had I known it would sell for that low a price, I would have bought it myself.
 
Nafti said:
Now who’s the crazy ones? :)

Definitely a steal. I remember when you bought it. Little did we know it would be such a valuable domain in general but for the .ca community as well.
Click to expand...

I paid 20k for red and back then was told I was an idiot.

I always knew it would be a long hold but a company from Toronto took the steps to call me via phone to see if they could buy it. I cannot disclose who because it is ongoing but the company does medical testing and the name is an insane fit. The ceo talked to me for quite a while and I told him in no uncertain words that I would never let it go under a million. In fact I told him because of the tax implication it would probably be more in the 1.25 range. The CEO said (his words) he assumed the price would be in that range and he would take it up with his partners.

So back then I was an idiot for paying 20k, today I am chatting in the 1.25 million range.

I say it again and again..... the million dollar pay days for extremely good one word domains are on the horizon. It will start with the very first fully documented sale to get the ball rolling and then we will see number two and number three. If I am exceedingly lucky I will get one or two of those sales but guess what!!!

You will never make a sale like that if you don't ask!!
 
MapleDots said:
I paid 20k for red and back then was told I was an idiot.
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You're only an idiot if you spend the $20K and can't afford to potentially wait a decade or more to cash in.

When you spend above the top-of-the-market at the time, you require the financial freedom to wait and play the long game.
 
DomainRecap said:
You're only an idiot if you spend the $20K and can't afford to potentially wait a decade or more to cash in.

When you spend above the top-of-the-market at the time, you require the financial freedom to wait and play the long game.
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My purchases are an expense against my company, therefore effectively reducing my tax base.

At the end of almost every year I go hunting for expenses to reduce my tax burden.

I have a well thought out plan for retirement, at that time my son and I will focus exclusively on domaining and the cost of the domains will minimal because they will already have been expensed.
 
MapleDots said:
My purchases are an expense against my company, therefore effectively reducing my tax base.
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I do the same, but that's not the same thing as "not turning a profit" as you're certainly making a healthy profit but artificially lowering it for taxation purposes through an accelerated acquisition schedule.

In reality your operating profit would be firmly in the black.
 

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