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.

  • US_Citizen71

    If ever there was a need for a sarcasm font this is one of them.

  • Mike Henderson

    There is no “I” in Team. And there is only one “I” in Industral. 😉

  • pg

    S..t, I registered Industrial Meat, Industrial Beat and Industrial Seat. Still thinking positive!!!

  • US_Citizen71

    It is good to see that they bought the domain, if nothing else to prevent an imposter or FUD merchant from putting up a website to cause them problems. They may never setup a website at the URL and only use it for an email domain or have it forward to or other web property.

  • wpj

    I set up a company some years ago and the day after registering the name I found that the appropriate .com name had been taken the same day as the registration. Obviously somebody watching very closely so you need to get the domain name before registering the company.

  • ecatworld

    Thanks, oceans.

  • At least this shows their intention to stand up a web site sometime in the not too distant future — a good sign I think. They would not bother if they had nothing and were planning an under the radar exit from the LENR business.

  • Barbierir
  • Gerrit

    Now we finally understand how the scheme works 🙂

    You first set up an “inventor” with a “device”. Then you buy a domain name. You make sure the “inventor” sells his “invention” to a third party and the third party creates a company with the domain name you registered.

    Just before the third party finds out that the “device” doesn’t work, you sell them the domain name for real cash.

    None of the scam-believers came up with this explanation, but now it is so easy to see.

    • Steven Irizarry

      yeah totally makes sense 😉