Great Domain Story

[Vijaya]

"REDC the company that bought the domain auction.com for just $1.7 million earlier this year, announced that they just completed an online nationwide foreclosed property sale, using the domain auction.com.

The sale generated $31.7 Million in sales.

The online auction using auction.com, offered 770 assets in 45 states and saw traffic from thousands of online bidders from August 3 through August 23.

The properties auctioned ranged from million-dollar mansions to smaller single-family houses.

“This was our most aggressive foray into auctions on a national level, and it was a tremendous success,” said REDC/Auction.com CEO Jeff Frieden.

The next monthly auction, to be held from September 21 through September 26, will feature foreclosures in more than 40 states.

Makes that $1.7 million paid for the domain looks pretty cheap, doesn’t it?"

http://www.thedomains.com/2009/08/27/auctioncom-rings-up-32-million-in-sales/

 

[Domain Jedi]

Great story. Thanks for sharing!

 

[DomainMagnate]

Great stuff, thanks for the link!

 

[james2002]

Thanks for sharing.

Great .

 

[Theo]

In other news: $3 million dollar baby, Candy.com, generated $3,840.40 in August sales.

 

[hina]

"Great Domain Story".... Hmm..... The domain is great indeed.... But in this case, how much of those $31 million happened because of the domain? I mean... If they were using another domain... Would they get less? or more? I know every case is different, but in this case, does the domain Auction.com have much effect to the sales?

 

[Vijaya]

In other news: $3 million dollar baby, Candy.com, generated $3,840.40 in August sales.

You have a Link?

 

[Theo]

I was being sarcastic.

 

[owntag]

In other news: those properties worth $91.7 Million

 

[wolfis.com]

and don't forget the cost for ads ( lots and lots of TV ads ) ... millions spend there - ...and the property costs - however ,even if they only netted ( after all expenses ) $ 1000 per property - they still made over 3/4 of a mill in a month - not to bad
( which i am sure is way to low - i am guessing more like $ 5000 per property average )

 

[stewie]

good info thx :yo:

 

[britishbulldog]

Yeah somehow i don't think it was from the domain but rather than ad's that created this income........

 

[Vutos]

Wow I really think I might get into the buying house theme.

 

[steveatvillas]

Generating 31m in sales doesn't mean 31m in net profit to the auctioneer! Still, not bad.

 

[Sonny Banks]

Great story. Thanks for sharing!

 

[Fearless]

In other news: $3 million dollar baby, Candy.com, generated $3,840.40 in August sales.

You're being generous. :lol: