Difference between revisions of "Rick Schwartz"
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Mr. Schwartz attended a few months of community college before working in sales. He
Mr. Schwartz attended a few months of community college before working in sales. He products at trade shows and in trade magazines. He recognized the benefit of the Internet to a salesman and claims the day that he learned about the [[FTP|File Transfer Protocol]] was the day that changed his life. He began putting his brochures and sales materials online, and around this time he discovered the monetary potential of domain names .<ref>[http://www.dnjournal.com/columns/cover020204.htm DNJournal]</ref>
Revision as of 00:34, 22 July 2012
Rick Schwartz is the self-anointed "Domain King", who made millions off of domaining in the mid-90s. He purchased his first domain name in 1995; paying $100 for LipService.com. Eight years later, he made international news when he sold Men.com for $1.32 million. He is particularly known as a pioneer of direct navigation traffic, and more generally as an expert on domain names and traffic
He is a visible domainer blogger who has "retired" from daily blogging on different occasions.
Mr. Schwartz attended a few months of community college before working in sales. He is a past bankruptee.  For a time, he sold Asian made products at trade shows and in trade magazines. He recognized the benefit of the Internet to a salesman and claims the day that he learned about the File Transfer Protocol was the day that changed his life. He began putting his brochures and sales materials online, and around this time he discovered the monetary potential of domain names via acquiring such names as Porno.com.
Rick credits much of his success to being early on the domaining rush. His initial investment consisted of $1,800 dollars, but soon spent $42,000 on porno.com. To generate additional resources, he sold his sales business for 7 figures in 1998. At this time he was purchasing domains such as candy.com, and men.com, the latter for $15,000.
Mr. Schwartz has over 4,300 domains that he claims bring in a combined traffic of 95,000 - 115,000 visitors each day. His sites tend to be parked pages with revenue-producing links. Schwartz's portfolio is managed by Moniker. Many of his sites, approximately half, are "adult" oriented domains, though he insists that none of these pages have any actual illicit content, beyond the name, and that they are merely parked advertising space.
Rick Schwartz has stated that he makes "a few million [dollars] a year" in revenue from his many parked pages.
Given his persona, Rick has a large number of detractors who deride his behavior, ideas and actions.
Rick Schwartz does not usually buy domains to sell them, preferring to build up advertising revenues as opposed to one time profits. Those he has sold include:
- Flowers.mobi - $ 6500  (Originally purchased for $200,000 )
- RoomDividers.com - $75,000
- OnlineCasinos.com - (Undisclosed)
- ChinaTours.com - $200,000
- TokyoHotels.com - $200,000+
- PartnerCash.com - $110,000
- SydneyHotels.com - $100,000
- eScore.com - $100,000
- 273.com - $50,000
- RockStars.com - $180,000
- 236.com to IAC - (Undisclosed)
- Candy.com - $3M+Equity
- Men.com - $1.3M
- iReport.com to CNN - $750K
- Punchbowl.com to MyPunchBowl - (Undisclosed, 6-figure sum rumored)
Rick included i-report.com to CNN for free in order to more quickly finalize the deal for the more desirable, ireport.com.
In November, 2011, it was announced by Michael Berkens that his site, MostWantedDomains.com, had succesfully brokered the sale of the domain, "meet.me" for a record $450,000. The domain was part of a portfolio that was acquired at an earlier T.R.A.F.F.I.C conference by Mr. Berkens, Rick Schwartz, and Ammar Kubba. Other domains in this portfolio include date.me, love.me, and marry.me. Michael Berkens speculated that by selling the domain for a record amount in the .me namespace, he effectively raised the price of the rest of their joint-owned .me domains.
On October 20 - 23, 2004, the first T.R.A.F.F.I.C.. conference took place in Delray Beach, Florida; it was the first major trade show specifically aimed at the domaining industry. Rick co-founded the event with his longtime lawyer, and domaining attorney, Howard Neu. The conferences provide domaining forums, workshops, and obvious networking opportunities. The inaugural event counted some 125 attendees, by the next year this number was more than doubled to 300. The conference has since been held in both an East coast and West coast format, wherein a meeting takes place on each U.S. coast during the same year. It has travelled the world, going to Amsterdam and Australia in addition to a U.S. event; and it continues to go new places and be held at least once a year. The shows are not intended for day-domainers, but aim to help those that consider domaining their profession a chance to learn and meet with other successful domainers. T.R.A.F.F.I.C. conferences are invitation only events, in an attempt to keep the show focused and not let it fall into the category of general trade shows.
The conferences have begun to incorporate live auctions of domain names, via a partnership with Moniker; those auctions accounted for 39 of the top 100 domain sales for 2007. That year's New York T.R.A.F.F.I.C. auction brought in some $12 million.
In December, 2011, Mr. Schwartz announced that, while he had signed onto T.R.A.F.F.I.C. through 2013, he did not know whether or not he would continue with the conference. At the time he was also announcing his retirement from daily blogging on the domain industry. Mr. Schwartz said that T.R.A.F.F.I.C. would continue if he could turn it into "something very grand".
Mr. Schwartz became involved in a high-profile lawsuit and counter-suit when Lilly Industries Inc., claimed that his goofoff.com address violated their trademarked Goof Off paint remover. Rick was informed by Network Solutions that Lilly had filed a dispute on the namespace and that he would have to litigate or face his site being placed on hold. At that time, the site was running as a travel and entertainment portal. He saw this as another example of "Fortune 500 Bullies" using their financial resources to push small business owners away from legitimately acquired and retained domains. A visit to goofoff.com today shows that the site remains in Rick's hands. The settlement agreement allowed Rick to keep the site under certain restrictions, and Lilly Industries assumed all legal fees.
He says that he as received so many cease and desist letters that he owns ceaseanddesist.com.
Rick filed a suit against Afternic, Network Solutions, and Register.com in May, 2001. The alleged incident involved the illegal transfer of a domain he purchased, properties.com, from Afternic, back to its original owner via Network Solutions.
- Domainer of the Year, 2005 (T.R.A.F.F.I.C Award, the conference he co-founded)
- Inducted into the Domain Hall of Fame, 2006 (T.R.A.F.F.I.C Award, the conference he co-founded)
- Received the Epik.com Domain Industry "Pioneer Award", 2010
- 2008's Domain Name Wire ranked Rick as the most influential domainer, and T.R.A.F.F.I.C as the best domain conference.
- DNJournal.com/ Royal King or Royal Pain?
- MostWantedDomains.com Brokers the Sale of Mee.me, TheDomains.com]
- Mission Accomplished, RicksBlog.com