FTA.com domain name sells for $400,000

FTA.com domain name sells for $400,000

Shane Kinsch strikes again with another big domain name sale.

Picture of a Network Solutions receipt from 1999 for the domain FTA.com

Ah, the good old days. Shane Kinsch bought FTA.com for $70 in 1999, back when the registrar sent a paper invoice for each domain. Kinsch just sold the domain for $400,000.

Anyone who owns a three letter .com domain name has received many offers for it. It was probably tempting to sell during the Chinese boom a few years back, when investors regularly offered $50,000+ for halfway decent domains.

But Shane Kinsch held out with his domain FTA.com. It was worth the wait — he just sold the domain for $400,000.

The updated Whois record shows that Awesome Motive Inc. in Florida is the buyer. The company is the creator of WPBeginner, OptinMonster, MonsterInsights, WPForms, and SeedProd. It’s not clear what it will use this domain for.

I’ve previously written about some of Kinsch’s sales, including Cumberland.com for $250,000 and Barri.com for $100,000.

Kinsch registered a couple of thousand domain names in the late 90s and early 00s, including many three letter domains. He registered FTA.com in December 1999, back when Network Solutions charged $70 per domain and sent a paper receipt whenever you registered a name. He still has a copy of that receipt (see picture).

It took two decades, but Kinsch turned a $70 registration into $400,000.

Post link: FTA.com domain name sells for $400,000

© DomainNameWire.com 2021. This is copyrighted content. Domain Name Wire full-text RSS feeds are made available for personal use only, and may not be published on any site without permission. If you see this message on a website, contact editor (at) domainnamewire.com. Latest domain news at DNW.com: Domain Name Wire.

Source link

Close Menu