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Line 26: − + − At the point when it was acquired by [http://namemedia.com/ NameMedia Inc.] (in the year 2006) the site had domain name listings that exceeded 1.8 million. This success was only strengthened by the NameMedia acquisition, as NameMedia also owns BuyDomains.com. This formed a very strong business model, in which domains from BuyDomains could avail of the considerable Afternic aftermarket sales infrastructure. The site has grown significantly since it's acquisition by NameMedia, and now holds more than three million domain names in it's listings, with some domain names (for example, Fish.com) selling for more than a million dollars. <ref>[http://www.domainappraisal.org/articles/afternic-aftermarket-review/]</ref>+
cleanup and removing repetitive text
== History ==
== History ==
[https://www.afternic.com/ Afternic.com] has been in the business of reselling domains for years. However, the company has changed owners several times, and it's evolution has hardly been plain sailing. A major change in company ownership came when Register.com purchased Afternic.com for about forty eight million dollars in September 2000. However, within two years Afternic had failed, with Register announcing the shutting down of the company. <ref>[http://www.dnjournal.com/columns/coverstory6.htm]</ref>
[https://www.afternic.com/ Afternic.com] has been in the business of reselling domains for years. However, the company has changed owners several times, and it's evolution has hardly been plain sailing. A major change in company ownership came when [[Register.com]] purchased Afternic.com for about forty eight million dollars in September 2000. However, within two years Afternic had failed, and [[Register.com]] announcing that it was shutting down of the company. <ref>[http://www.dnjournal.com/columns/coverstory6.htm]</ref>
However, an internet entrepreneur, Roger Collins, and his brother Micheal Collins at this point (in 2002) purchased the company for a mere one hundred thousand dollars. It may be mentioned here that Roger Collins was at that point the creative mind behind quite a few online businesses, including ProProject ASP and ChangeNotes.com.
However, an internet entrepreneur, [[Roger Collins]], and his brother [[Michael Collins]] purchased the company for a mere one hundred thousand dollars in 2002. It may be mentioned here that Roger Collins was at that point the creative mind behind quite a few online businesses, including ProProject ASP and ChangeNotes.com.
Roger Collins was then the owner of NameBuySell.com, and the apparent intention behind the Afternic purchase was to channel the intensive and established traffic of the site to power the domain resale business that was the staple financial map of NameBuySell.com.
Roger Collins was then the owner of NameBuySell.com, and the apparent intention behind the Afternic purchase was to channel the intensive and established traffic of the site to power the domain resale business that was the staple financial map of NameBuySell.com.
It was also part of Collin's game plan to turn Afternic.com from an independent exchange profile to that of an exchange-broker network.
It was also part of Collin's game plan to turn Afternic.com from an independent exchange profile to that of an exchange-broker network.
The site was sold in the year 2006 to [http://namemedia.com/ NameMedia Inc.]. At the time Afternic.com had about 1.8 domain names up for sale. NameMedia were also owners of BuyDomains.com, which enabled the company to sell the inventory of the said site on Afternic.com. <ref>[http://www.domainappraisal.org/articles/afternic-aftermarket-review/]</ref>
The site was sold again in 2006 to [http://namemedia.com/ NameMedia Inc.]. NameMedia were also owners of BuyDomains.com, which enabled the company to sell the inventory of the said site on Afternic.com. <ref>[http://www.domainappraisal.org/articles/afternic-aftermarket-review/]</ref>
== Business ==
== Business ==
In 2006, when it was acquired by [http://namemedia.com/ NameMedia Inc.] the site had domain name listings that exceeded 1.8 million. This success was only strengthened by the NameMedia acquisition, as NameMedia also owns BuyDomains.com. This formed a very strong business model, in which domains from BuyDomains could avail of the considerable Afternic aftermarket sales infrastructure. The site has grown significantly since it's acquisition by NameMedia, and now holds more than three million domain names in it's listings, with some domain names (for example, Fish.com) selling for more than a million dollars. <ref>[http://www.domainappraisal.org/articles/afternic-aftermarket-review/]</ref>
== Products and Services ==
== Products and Services ==