Apparently the dot-com boom isn’t over.
A self-proclaimed Internet guru this weekend snapped up 14,962 domains in under 24 hours. Mike Mann, who lives in Delaware, is no stranger to the Internet and has been mass-buying domains since the late 90s.
He found his calling after being offered $50,000 for a domain he had initially bought for $70 – Menus.com.
Once he had stumbled on this digital goldmine, Mann lost no time in establishing himself as one of the most aggressive domain buyers there ever was by combining scripts and technology to fess out which domains were due to expire with domain registrars and grabbing them before they could be renewed. This ‘domain hostage’ process for the most part worked very well; his business BuyDomains quickly grew and was later bought for a whopping $80 million in lieu of a four-year hiatus from the domain-buying game. During that time he worked on a few other projects but also made a list of potential domains that he should be buying.
After that four year break, Mann jumped back in to the game and on average buys around 300 domains a day and re-sells them through his company DomainMarket.com. And this weekend, he decided to go through the lengthy list of domains he had written up over the years – and buy them all. His little shopping spree set him back around $100,000 but Mann isn’t worried. He’s confident that the domains he’s bought are worth that much and will bear fruit in due time.