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Domain names can be resold multiple times, making room for new owners. Once registered, a domain name can be transferred to another person or entity, in a transaction that might involve financial compensation; some domain sales can fetch millions of dollars.
The beauty of it all is that the process can be repeated several times for the same domain name.
Sparky Dimes, an entrepreneur from Peoria, Illinois, discovered that recently, after selling a domain name for $1,800 dollars six months ago.
To his surprise, the domain was then resold at a much higher price: $157,644 dollars.
Read more: Entrepreneur upset with concept of resold domains - DomainGang
The beauty of it all is that the process can be repeated several times for the same domain name.
Sparky Dimes, an entrepreneur from Peoria, Illinois, discovered that recently, after selling a domain name for $1,800 dollars six months ago.
To his surprise, the domain was then resold at a much higher price: $157,644 dollars.
Read more: Entrepreneur upset with concept of resold domains - DomainGang
