Domain King, Rick Schwartz Closes Out 2012 With A $250K Deal on A Hand Reg Domain
In a email sent out to domain holders on the JointVenture.com project the Domain King Rick Schwartz announced that he just closed a deal on a hand registered domain name which will return him over $250,000 over the next 8 years
“”I have also just closed a deal this morning with a domain that I hand registered in 2002 and have an 8 year deal with. The total value of those payments are in excess of $250,000.”"
“In my blog post I will explain how I came up with my numbers and why it was so attractive to them even through at $250,000 they own nothing.”
“It’s pretty simple. Do you pull out $1M cash out of your pocket or do you pull out $1000 out of your pocket. The result is the same. You get the domain name. One you are all in. The other, if it does not work out, you walk away in a few years. It’s just a smarter approach”
Congrats to the King