In the world of domain investments, patience and foresight can lead to significant returns. Recently, one such tale caught the attention of the domain community. Ken Lin, a domain investor, who recently shared his sale of NewYorkOnlineCasino.com for a remarkable $1,300. While this amount might not initially seem colossal in comparison to some of the seven or even eight-figure domain sales we’ve seen in the past, the journey behind this sale is what truly makes it remarkable.
Background:
Ken acquired the domain NewYorkOnlineCasino.com back in 2014 via Dynadot Drop Catch for a mere $14.99. At the time, the online gambling and casino industry was already on an upward trajectory, with many predicting that it would flourish in the coming years, especially in areas like New York where potential legislation changes were being discussed.
A Decade of Renewals:
Fast forward roughly ten years, Ken had been renewing this domain annually. Now, the cost of renewing a domain can vary based on the registrar and the domain’s TLD. But let’s make a conservative estimate and say the average renewal fee for this domain was $10 annually. Over ten years, this would mean Ken had invested an additional $100 in renewal fees.
Doing the Math: The ROI Calculation:
Initial acquisition cost: $14.99
Total renewal costs over 10 years: $100
Total investment: $114.99
With the sale price at $1,300, the profit from the sale becomes:
Profit = Sale Price – Total Investment
= $1,300 – $114.99
= $1,185.01
Now, the ROI (Return on Investment) can be calculated as:
ROI = (Profit/Total Investment) x 100%
= ($1,185.01/$114.99) x 100%
= 1,030.47%
This means Ken achieved an astonishing 1,030.47% return on his investment. An investment that took a decade of patience, foresight, and a mere initial outlay of $14.99.
The Strategic Sale:
While Ken’s sale is impressive, it didn’t just happen by chance. Here’s where the strategic foresight comes in. With the growth of online casinos and the gradual acceptance and legalization of online gambling in various states across the U.S., domains related to online casinos have seen increased demand.
In this context, NewYorkOnlineCasino.com becomes a highly targeted domain, indicating an online gambling platform specifically catered to the New York market. To a potential business looking to penetrate the New York online casino scene, this domain offers instant brand recognition and trust.
The sale was facilitated through SEDO, a global domain marketplace and monetization provider. Interestingly, the buyer approached Ken directly through this platform, which indicates that Ken’s domain was on the radar of potential investors or businesses.
The Unknown Buyer:
Although the identity of the buyer remains unknown at this point, the acquisition of such a targeted domain does provide some clues. It could be an established online casino platform looking to expand its operations in New York. Or perhaps a new player entering the market, hoping that a strong domain name will provide them with a competitive edge.
Regardless of the buyer’s identity, one thing is clear: they recognized the value of the domain and were willing to invest a significant sum to secure it.
Ken Lin’s sale of NewYorkOnlineCasino.com is more than just a transaction. It’s a testament to the power of strategic domain investment, patience, and understanding market trends. With an impressive 1,030.47% ROI, this sale showcases the potential returns in the domain industry, even for domains that might not seem like multi-million dollar assets at first glance.
For budding domain investors or even seasoned veterans, stories like these serve as a reminder that sometimes, the most lucrative returns come from the most unexpected places. In a digital age where online presence is paramount, the right domain name can be worth its weight in gold, and Ken Lin’s recent success is a shining example of just that.
Congrats @KenLin1985
To your domaining success,
@AndrewHazen & @DomainSuccess
