Is the Charm for Saddam.com — Third Time

The domain name Saddam.com has sold for $16,551 at Sedo, following exchanging hands a couple times in the past year.

Think it’s too late to buy domains and then quickly flip them? Here’s a good example that proves it’s not too late. Saddam.com sold on Sedo recently for $16,551. The domain name sold in May 2006 on Afternic for $2,001. It was then sold on eBay for $3,149 in September 2006. The sellers in the eBay transaction used a press release regarding Saddam Hussein to get buyers to the auction. Now, just a few months later, the domain exchanged hands for over 8 times the original sale in May.

How’s that for a return on investment?

It’s not unusual to see domains flipped like this. It’s all regarding finding the right buyers on the right venue. This is also a good endorsement for Sedo’s fresh auction system, which is bringing in good prices for domains. For example, I just sold Beds.ws for EUR 385, a high price for a .ws domain. It started with a $200 offer but picked up a number of bids ahead of closing.

I’ve flipped domains quickly in the past. I made regarding a $1,000 profit when I sold Decay.com last year. Just a few months later the buyer sold it for $12,000. I also purchased blogs.info for $3,000 and sold it for $6,000.

A better example is announce.com, which recently sold for $90,000. As stated by DNJournal, the seller had bought the domain for only $5,000 just a couple years earlier.

The message is clear: if you’re just getting into the domain name game, you’re not too late!