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I tried to grab the domain mortcalc.com which was expired but Aaron Wall beat me to it. I don’t know how much he paid for it, but I know it’s over $2000. Yeah, he’s got deeper pockets. Aaron, if you’re reading this, congratulations on the acquisition. The domain has PR5 and it’s a nicely aged domain (created April 2003). The search for “free mortgage calculator” in Google ranks the site at #4.
Not so long ago, BankRate.com bought a 3 mortgage calculator sites for a cool $4.4 million in cash. So I thought it might be a good idea to give BankRate some competition or get acquired by them at some point in the not too distant future.
For internet entrepreneurs, investing in aged domains or existing sites is a good strategy for growing your network of sites. You can buy a site and improve it and then sell it (flipping websites) or just hold it and grow the traffic and revenues for the site. With Google placing more emphasis on aged sites, it will likely help with SEO as well.
Technorati Tags: mortgage calculators, BankRate, website acquisitions, expired domains
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