Thursday, May 21, 2015
Flippa gains Bulk by buying John Ferber's Company
Have you ever tried to sell a website or domain name on Flippa?
Chances are you may have not OR if you had then with no success.
I'm telling you this, as Flippa.com, a popular marketplace for buying and selling websites, domains, and apps, has remained very choosy when it comes to helping you sell your domain. Unless, you have a website which really earns big money or a domain name which has real value (in terms of the value of the name itself), then there are slim chances hat you will benefit from the Flippa marketplace.
But however choosy Flippa may have been, it's growing leaps and bounds;and testimony to this fact is , Flippa has acquired premium domain name brokerage company, Domain Holdings Group, for an undisclosed price.
According to Flippa's Founder Mark Harbottle, the combined entities (Flippa + Domain Holdings Group) are projected to make up $70 million in sales over the next 12 months. A claim DomainHoldings' Co-Founder John Ferber, agrees with. This number puts Flippa in the league of giants such as Sedo and GoDaddy. As far as Domain Holdings is concerned, it raked in $31 million in sales last year.
Serial Entrepreneurs achieve different objectives with this acquisition
Both Mark Harbottle and John Ferber are serial entrepreneurs. What a serial entrepreneur is? An entrepreneur who continuously comes up with new ideas and starts new businesses.
Both Harbottle and Ferber want to achieve different objectives with this acquisition.
Harbottle, who also founded 99Designs.com, wants to grow big as a broker of online properties and apps.
Ferber who is known for founding and selling Advertising.com to America Online for nearly $500 million in 2004; and later on joining hands with Chad Folkening to launch Domain Holdings in 2010, Ferber along with Folkening founded, native adertising company Bidtellect in 2011. By selling Domain Holdings, he will find more time to focus on native advertising company.