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23 Comments

New domain after selling the old one for 5-figures

TL;DR - I had the domain mighty.io all ready to start working on Mightyboards. Then a domain broker contacted me on behalf of a buyer and we ended up negotiated a 5-figure price!! 😲

I initially ignored the first few requests from the broker thinking it was spam. When they persisted, I replied and soon found myself in a negotiation.

Since I thought it was spammy, I set a very high starting price to scare them off so I could carry on with my day - I had plans for mighty.io and didn't think I'd be selling. To my surprise, they responded fast with a lower but still reasonable offer. We ended up settling on a price somewhere in between.

I still didn't believe it would happen even at the last stage of the escrow process. I even got repeated, impatient emails from the broker because I wasn't replying in a timely manner 😂 I was paragliding in the Dolomites at the time so screen time and phone reception were hard to come by.

This came completely out of the blue and was my first ever domain name sale! Some of the proceeds will go towards getting Mightyboards up and running.

I've since purchased a new domain name: mightyboards.net

I'm building Mightyboards in public and you can follow along on Indie Hackers or find me on twitter @samuellevy

, Founder of Icon for Mightyboards
Mightyboards
on December 8, 2020
  1. 3

    : ) What a great way of raising your first capital! Good luck with Mighty boards

  2. 2

    This is awesome haha, congrats! I think your new domain name is just as good

    I didn't realise .io domains have got so valuable, good to know.

    1. 1

      I sold "coder.io" for $3200 several years ago. Kinda wish I hadn't now though :-) The purchaser hasn't ever used it since.

  3. 2

    Ahah best milestone ever! Way to get more runway before iterating on the product.

  4. 2

    Congratulations. Did you sell the domain on a website? if yes, which site?

    1. 1

      Thanks! Nope - don't even think I had it pointing at anything. Think it would have 404'd if you visited it.

      I was contacted via email by a domain broker the buyer had commissioned.

      1. 1

        Thats great. I was once contacted by a someone who wanted to buy my domain name. But after responding to them. They sent me to a link which required me to pay money to have my domain checked for credibility. They said if i got that certification, then they were going to buy my domain at a higher price.
        Did you experience such?

        1. 1

          Yeah, that sounds scammy.

          I had the opposite experience. The domain broker actually offered me money to reply to them 😂🤷

          When I looked up the broker company, they seemed pretty legitimate. I also managed to find the point of contact's profile on LinkedIn and they were associated with the company.

          1. 1

            Thats awesome.

  5. 2

    Daaamn congrats! Tbh mighty.io is a pretty smooth domain. Was it "free" when you took it?

    1. 1

      Thanks! Yes, I bought it a while back when .io domains were still widely available.

  6. 1

    What a lucky man! Congrats for cashing out even before you started to work on the project! :)

  7. 1

    nice to hear that, I am going on domain shopping now :-) what domain name you guys suggest?

  8. 1

    Congrats! Now let me go browse godaddy a little bit...

  9. 1

    Epic! A good omen for Mightyboards.

  10. 1

    Awesome :D
    Do you have some more domain names you would like to sell? How did the broker find you?

  11. -1

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    1. 2

      And many many congrats 🎉

        1. 1

          I could go down the route of buying similar domains but I'd have a very expensive annual bill to keep them all 😅

          I might buy a select few.

          1. 1

            Its better to register similar domains before your competitor do.