PCs finally

Whoah, a roller coaster of a deal for me has finally…finally …finally been closed and this one was far from luck!

Since I managed to buy Tvs.co.uk I have held off doing anything with it, I have been trying to buy PCs.co.uk to go along side it and develop them both along the same format.

If your bored and have spare time you can read about the start of my adventure here.
Basically the domain PCs.co.uk was owned by a company in administration.
I contacted them and offered £3500 (enough to make it worth my while and not too little that they dismiss it) well they accepted my offer and I paid them and waited 4 weeks with no transfer, they confirmed the transfer documents were completed awaiting to be signed, then suddenly the deal collapsed in May this year.

It turned out that they didn’t own the domain, they had sold goodwill and intangible assets last November! I was more than gutted, I had them for breach of contract but that was of no real use to me, I didn’t want money I wanted the domain so I laid it on thick that I was out of pocket and managed to get a hold of the new owners details.

Months of tumbleweeds came to pass, I sent over 12 emails with no reply to the new owners, I also sent a recorded delivery letter, no reply. Suddenly out of the blue I got a reply to one of my emails saying they would consider £5k instead of the £3500 I had previously (thought I had) bought it for.

YES! I replied saying I would pay £5000 and to please invoice me or give me bank details.
No reply….. another 2 weeks pass and no reply to 4 emails.

Then I get an email with bank details in reply to my 5th email …
YES! so I CHAPS £5k to him hoping we could do the deal that afternoon, a week passes with no reply.

Suddenly out of the blue I get a phone call saying they will transfer it to me the next afternoon, and finally today the deal has been completed after 7 long months, this has been really tough with many highs and lows and a real lesson in how a deal is not done until it’s fully completed, I feel a bit washed out with it to be honest, so many times excited thinking lighting can’t strike twice!? TVs for £1k and PCs for £5k, nah surely not. Every day, week and month has seemed really long whenever my mind came back to this domain.

Out of curiosity again I decided to get a SEDO valuation, they peg PCs at £30,000 in value against TVs.co.uk being £22k, maybe influenced by better like for like sales this year, who knows, who cares it’s finally in the bag, I’m knackered.

About Scott Jones

Scott hails from the north east of Scotland and started earning online at the end of 2000 building websites for local businesses during which time he won an award from Lord Alan Sugar for Excellence in Enterprise. After having quite a bit of success with domaining Scott mainly runs educational evergreen websites which generate over 3 million visitors per month but is always on the lookout for a fresh thinking out of the box way to turn a buck. Follow on Twitter.

Comments

  1. Nice one and still a snip at £5K, I reckon you can have both of them ranking by Christmas 🙂

  2. Congratulations, Scott! What a fight and what a great pair of domains you own now! How are you going to develop them?

    Anders Saugstrup’s last blog post..Lær Google Analytics Gratis med Vadskær

  3. Very nice purchase Scott. Superb domains to have, looking forward to seeing them developed to their full potential or sold for a very nice profit! Going on some previous sales i think you could to the right buyer achieve way in excess of the SEDO valuations.

  4. Glad you finally managed to get the domain!

    Adam Dempsey’s last blog post..List of 50 Expired Domains

  5. Graet story Scott and congrats on getting a result. These glimpses into how you go about your business are great reading. I have to say, I think SMM has become one of my favorite blogs. Keep up the good work!

  6. Did you get your initial 3500 back?

    bill perry’s last blog post..This dream really has me wondering

  7. Thanks for the congrats.
    @ Anders, I can now plan out exactly what I want to do, which I was hesitant to do before hand so not cast in stone as yet.
    @Bill, yes I received a cheque to pay back my £3500 which I cashed once I realised they didn’t have authority to sell the domain.

  8. Obviously two great investment made! The time may be long, but it’s a worthwhile waiting opportunity awaiting to be flourished.

    Good luck and enjoy the flow of money!

    Keith’s last blog post..Mollom – Spam Comments Exterminator

  9. Congratulations on your new bought site.

  10. atleast you didnt get scammed by selling a domaine to someone and didnt even own it like a friend of mine.

  11. That’s a great purchase.. says here that pcs.co.uk used to be owned by Productivity Computer Solutions (PCS). Lucky for you that they went bust eh!!

    Did you know that the www version is in the Yahoo directory? I’m thinking a 301 redirect might kick start the link building for you instead of directing users to the non www version.

    I like what you’re doing with the site though and can’t wait to read more about it seeing as you’re starting from scratch.

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