Peter Askew's Successful Domain Flip: The CallTracking.com Story
Peter Askew, a renowned domain investor known for his expertise in identifying and investing in valuable domains, shared an interesting story about one of his domain investments on Twitter. You can follow him at @searchbound for more insights into domain investments.
The Acquisition and Initial Project
Peter bought the domain CallTracking.com for $20,000 with the intention of building a simplified call tracking app. Despite his efforts, the project ultimately failed.
The Turnaround
However, Peter’s story took a positive turn when he was able to sell the domain for $120,000 about a year later, demonstrating the potential profitability of domain investments even when initial projects do not succeed.
Impact and Valuation
This successful domain flip highlights the value of strategic domain investments and the potential for significant returns. Peter Askew’s experience with CallTracking.com underscores the importance of recognizing the intrinsic value of domain names, independent of the success of associated projects.