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September 05, 2018

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Here's the The Lowdown from DN Journal,
updated daily
to fill you in on the latest buzz going around the domain name industry. 

The Lowdown is compiled by DN Journal Editor & Publisher Ron Jackson.

Joe Uddeme Makes It Rain Money as NameExperts.com Closes $450,000 Sale of Rain.com

(UPDATED*) Veteran domain broker Joe Uddeme of NameExperts.com really deserved his Labor Day break this summer. Joe's hard work has been especially fruitful over the past couple of months during which he has booked some very impressive sales. We've learned the biggest of those was a $450,000 sale of Rain.com (the buyer also picked up Rain.net for $50,000 through NameExperts while they were at it). This sale (to Seattle-based Rain Automatics according to a report at DomainGang.com) was made under an installment plan so we won't be able to chart it until all payments have been made, but it is obviously a transaction worth noting. These domains will give Rain Automatics a significant upgrade from their current URL - RainNet.com.

While we will have to wait to chart the Rain domains, Uddeme reported two other recent six-figure sales that NameExperts.com closed in the past 60 days - Hybrid.com at $190,000 and Radian.com at $125,000. Those will appear on our weekly all extension Top 20 Sales Chart and our Year-to-Date Top 100 Sales Chart when our next sales report comes out Thursday evening (September 6). That report will actually include three weeks of sales information because there was no report

Joe Uddeme

the past two weeks while I was away covering a Hexonet event in Vancouver, Canada, followed by a vacation cruise to Alaska. Our weekly reports normally come out on Wednesday evening but most U.S. offices were closed Monday for the Labor Day holiday, pushing our production schedule back a day this week. 

*Details on updated information: After this story was first posted September 4, Uddeme let us know he made an error in reporting the individual prices paid in the half-million dollar deal for Rain.com and Rain.net which were originally shown as $475,000 and $25,000 respectively. Those have been updated. We also learned that the domains are being paid for under an installment agreement, something Joe had already publicly acknowledged but that I missed while we were away on our cruise. The original report said we would be charting those sales this week but that won't happen until all payments have been made and the domains transferred to the new owners which is our policy on charting all sales. 

(Posted September 4, 2018) 

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