Owner waited nearly two decades to cash in; buyer gets a much-needed upgrade.
The domain name Cumberland.com has sold for $250,000. It’s just one of several six-figure domain name sales DNW will be covering over the next week.
Shane Kinsch sold the domain name. According to Whois, technology company Cumberland Group acquired the domain name.
Cumberland Group really needed to upgrade its domain name. Its website is CumberlandGroupIT.com. CumberlandlandGroup.com is used by an insurance company.
There are a lot of companies that go by the name Cumberland. In fact, over the past year, Kinsch negotiated with two different companies to sell the domain. He rejected several offers before accepting the $250,000 (net of fees) offer, which was brokered through Uniregistry.
Kinsch registered the domain name in 2000. It was a “hand registration,” although Kinsch told Domain Name Wire he created a program to register domains back then while he attended to other work.
While the buyer made a big improvement to its web presence, other companies lost out.
“Any company negotiating for a brandable domain should realize that once it’s sold to another company, it’s likely there will never ever be another opportunity again to own that valuable domain name,” said Kinsch.
domainscot says
Nice domain and great sale
thelegendaryjp says
Good for him, congrats.
stars of world says
How to sale out a domain or website.. i want to sell out my domains…
Ernie D says
I would be interested in learning about the domains you have for sale.
Dahal says
CryptoUser.com for sale.
stars of world says
thank you
Vikas Kumar says
Great! It’s worthy sale.
Digital Market says
DigitalMarketToday.com for sale
Riad Ahmed says
Wow, 250K$, its really unbelievable….
Matthew Rankin says
Wow so there is hope to make a dollar at this job. If I could just sell one for a little money I’d be happy so I could buy more. Like Hexkeno.com or PRNsearch.com are both for sale but no offers even still .
Nicco Schaal says
“Any company negotiating for a brandable domain should realize that once it’s sold to another company, it’s likely there will never ever be another opportunity again to own that valuable domain name,” said Kinsch.
Very well said!