Buys Yachts.com for $350,000 and plans to develop it — Domain investor
Investor makes a gutsy move with Yachts.com buyout.
Eric Borgos has purchased the domain name Yachts.com for $350,000, he revealed today.
Borgos has had an up and down history investing in domain names and building websites. His biggest success was selling a network of sites counting Bored.com for $4.5 million in 2008. You can listen to a podcast with Borgos here.
His story regarding acquiring Yachts.com is interesting and gutsy. He knows it’s a good domain name but didn’t know how he’d develop the domain until following he bought it. Instead, he figured spending so much money on the domain would be a kick in the pants to get him to find a way to make money with the domain.
“…my simple plan was that if I spent so much on a big domain, I would be forced to focus all my time and effort on it and eventually figure out what to do,” he wrote on his blog.
Even more surprising, Borgos states he doesn’t know anything regarding boats.
For now, Borgos has settled on creating a boat charter site. It will be fun to see how this progresses.
