Report: Investor Makes Big Return with Domain Name

Thanks to C.T. for this small piece of information posted in the Always Open thread:

There are people who buy and sell domain names as a way to make some money. One such domain name investor has apparently made a hefty profit with the web address

The website has this report: owner and successful domain investor Mike Mann has confirmed another domain sale: the $22,500 sale of – a domain name he bought three years ago for just $60.

Mike Mann – @mikemanndotcom
Heating up the domain industry. Sold $22,500. Purchased 4/6/2012 $60

As of publishing, the WhoIs hasn’t been updated to the new buyer’s details, but from some Google research, I think the buyer could be Industrial Heat LLC – a North Carolina based energy company created in 2012 with a $12m in funding round from Cherokee Investment Partners.

It would not surprise me that Industrial Heat would pay such a sum for a domain name. They already have the address — but the .com address is what companies usually have, and getting ownership of that name would be important for them for marketing, and to protect themselves. Right now, before most people have heard of them, would be the time to make the purchase. If they become known as pioneers in a new energy revolution, that domain name could be worth a lot more than $22,000. See here for some of the most expensive domain name sales in history.

I’m not convinced that this means we’ll see an Industrial Heat website any time in the near future. Tom Darden seems to be averse to more publicity than necessary. My guess is that a website rollout will come only when IH products are ready for the marketplace.