Jon Schultz Made Over $200,000 From Domain Sale

Jon Schultz made about $200,000 from domain. for $200,000
While the world was fighting the Ebola Virus Disease outbreak and spending tons of cash trying to contain it, Jon Schultz was if I may say prepared to make good money from the virus. Seller Brief History

Jon Schultz, a businessman, and his business partner Chris Hood own Blue String Ventures, an internet real estate investment, development, and brand assistant firm. BSV also deals on domain names.

In 2008, Jon bought domain for $13,500, and six years after, precisely on 20th October 2014, he was paid a price well over $200,000 for the domain.

The Company that Bought

According to this SEC filing, Weed Growth Fund, a Russian company paid Jon $50,000 in cash and handing 19,192 shares of purchaser’s common stock it holds in Cannabis Sativa, Inc. which is valued at $164,000.

Cannabis Sativa, Inc. is based in Nevada and led by a two-term Mexico governor Gary Johnson. The company’s main aim is to grow its business by marketing marijuana products for recreational and medical use according to USA TODAY as the world moves towards legalizing the substance.

Few days ago, Johnson said, “We actually believe we have efficacy with regard to treating Ebola”.

Special Recommendation: Negative Effect of Salt Water in Preventing Disease Spread

When I visited the site at that time, it only has some news on Ebola, Amazon-affiliated products based on Ebola, Google Adsense and most importantly still has “ is for sale” sign written at the bottom of the site.

Jon said he originally expected a pharmaceutical company to buy the domain, but told CNBC that the possibilities were endless. “With so many people concerned about the disease, any advertisement referring people to domain should get an excellent response,” he said.

Jon and his business partner Chris also own and domains.

“With so many people concerned about the disease, any advertisement referring people to domain should get an excellent response” – Jon Schultz

In Conclusion

I want The Total Entrepreneurs to get the lesson here and not just the story.

Domain resellers are still very much in business. As an entrepreneur, you should always be looking out for opportunities, it took Jon 6 years but he made a very good return in profit. Who knows how much he bought and who might be interested in the domain in the nearest future. The is another domain packed for sale. This was borne out of circumstance.

Events, disasters, circumstances, etc have always been the source of great wealth for entrepreneurs that are ready to capitalize on them. Do not always see the wrong side of everything, look out for the right sides and grab the opportunities as they come. Start investing in generic domains with hopes of reselling for profit.

Francis Nwokike

Francis Nwokike is a Social Entrepreneur and an experienced Disaster Manager. I love discussing new business trends and marketing tips. I share ideas and tips that will help you grow your business.

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