Timing it Right with Group Buying, Kevin Ham set to officially launch GoodNews.com

Good NewsKevin Ham’s @GoodNewsVan announced just hours ago that GoodNews.com will officially launch next week. The Group Buying service run by Kevin Ham and his crew at Reinvent, promises more deals and surprises as it makes the leap from Beta.

@GoodNewsVan, the Twitter account for GoodNews.com, posted the following tweet less than 10 hours ago:

“Thanks for checking out the site during this beta week – our official launch is next week! There will be more deals and other surprises!”

It looks like Kevin Ham’s timing is right when it comes to picking which domains to develop and launch. The group buying craze in 2010 is hot and the amount of investing and popularity of sites suggests it’s not going away anytime soon.

HomeRun.com, the domain name that sold in February 2010 for $130,000, has skyrocketed in traffic as its group buying service was officially launched. In May, traffic to the site shot well past 100,000 visitors.

How Hot is Group Buying?

According to some estimates by analysts, Groupon (the leader in the Online Group Buying industry) is valued at more than $1 billion.

In May 2009, the site had just over 10,000 visitors. Last month, the site reported nearly 5 million unique visitors.