"King of Domain" Rick Schwartz acquisition of weapons.com:Selection of strategic investment

Industry Information 02 Nov 2023 03:40:30 PM By:DN platform editor
Abstract:

Rick Schwartz announced this news on Twitter, much as he often does when acquiring domain names. The domain in question, Weapons.com, was acquired at a modest price of $45,750. While this might seem relatively low for a domain name

In the domain investment field, few receive as much respect and admiration as the "Domain King" Rick Schwartz. Rick is renowned for his incredible ability to identify valuable domain names, and his domain sales records are legendary in the entire domain industry. His recent acquisition of Weapons.com once again proves his prowess in the field. What makes this acquisition more intriguing is his partnership with veteran domain investor Michael Berkens.

Acquisition

Rick Schwartz announced this news on Twitter, as he often does with domain acquisitions. The domain involved, Weapons.com, was acquired at a modest price of $45,750. Although this might seem relatively low for a domain name with such a strong and versatile name, it is important to remember that a domain's value often depends on its potential use and market demand.

Registered in 1995, Weapons.com naturally signifies "weapons." Considering the current global tensions, Rick's decision to acquire Weapons.com at this price point indicates his belief in the future potential of the website and its ability to be a valuable asset in his domain portfolio.

Partnership with Michael Berkens

What adds further intrigue to this acquisition is the collaboration between Rick Schwartz and another prominent figure in the domain industry, Michael Berkens. Michael Berkens is known for his sharp eye in identifying valuable domain names and has an impressive track record in domain investments.

On Twitter, Rick revealed that Michael Berkens was the discoverer of the Weapons.com domain, making him an integral part of this acquisition. Rick and Michael opted to collaborate on the purchase, with Rick holding 71.12% ownership of the domain and Michael possessing the remaining 28.88%. Rick added, "Mr. Berkens, I couldn't do this without my research department. He's the one who made the discovery. I'm just the triggerman."

Potential of Weapons.com

Although the acquisition price of $45,750 might seem affordable, the true value of Weapons.com lies in its versatility. Domain names like Weapons.com can be used in various ways, catering to a broad range of industry needs including the firearms industry, self-defense, security, and even the gaming world.

Rick stated, "This is not a seven-figure domain. It is an eight-figure domain. Easy 9-figures to develop."

Under the stewardship of Rick Schwartz and Michael Berkens, Weapons.com is likely to be strategically sold for an eight-figure price to someone interested in unlocking its potential. Its unforgettable and brandable nature makes it a valuable asset that is bound to attract significant attention in the future.

Source: domainsuccess

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