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Better yet, how about typing in NO extension? Less is always more, ya know?
-Omar in DC.
I think I'm going to blog about this. I'm mad as hell.
But speculators, dreamers who want to believe that their domain names are worth millions repeat fake press releases.
Remember Pizza.com which “sold” for millions. Go to Pizza.com and it’s still owned by the same person with the same cheap website on it. No, Pizza Hut or Dominos did not buy Pizza.com. You were fooled by someone putting out a press release to get some links. Likewise, go to Vodka.com and see if you think the site is owned by some mysterious, unnamed Russian billionaire or some fool speculator.
There are next to no domain names selling for $100,000 plus.
But Chris Morison, don’t feel bad about such an incorrect report. The NY Times, Washington post and LA Times all falsely repeated may times, without checking, claims that ABCDE.com sold for millions.
For more information see my online book on domain names at www.seemly.com
I'd disagree that there are "next to no" domains selling for over $100k, though. About 43 sales exceeding that figure are listed so far for this year. Even if half were untrue (and some are listed under private sellers) that seems like a significant number to me.
http://www.newsweek.com/id/44957/page/2
That's a lot better than the $7.5 million you paid for business.com.
The $7.5 million was a stock deal that we did in 2000 when Internet companies were fairly highly valued. When we did our refinancing in 2004, that stock was revalued and we redeemed it for $2 million in cash. So it was $2 million.
And how many "sales" have a listed buyer saying why he paid a million dollars for a domain to put up Google ads. NEXT TO NONE.
Oh I forot to plug my domain name www.Shrewd.com which I just SOLD for $10,000,000 dollars. Any free links for setting a "record" are appreciated. And if anyone wants to offer me $11,000,000 or even a 1/100 of that contact me.
He likely got it right in that many people are making money on domain names by collected expired domain names with some traffic and making a few dollars per name off of Google ads. A few dollars per domain name times thousands of domain names adds up.
He likely got in wrong in that recipes.com and chairs.com are “some of the most valuable” Web addresses. If recipes.com and chairs.com are so valuable, why are they third-rate sites with pay-per click ads. Most likely the owner thinks they are valuable, worth millions, fellow speculators think they are worth millions, not to them but to some big company, but no one has paid or made a real offer in the 6 figure range. Of course buying a name for $70 in 1998 and selling it for $30,000 is still a good but rare investment, but it’s not millions.
But why pay $20 for a bad book on domain names, when you can read my free ebook on domain names at www.seemly.com
As the author points out, we've had the option of .travel, .aero, .museum, .mobi and .biz for years now. Oh, don't forget .coop! Know anyone or any organization of substance that utilizes one of those ? Betcha don't.
So, now there will be more of them. Big whoop. Everyone will still want a .Com if they hope to be taken seriously.
Just my $0.02
btw1: There is a magazine for domainers. They have a website here:
http://moderndomainer.com/
btw2: Please don't point to WSJ articles in your stories. Their articles are not free. When I click on the link in your story, I get: "The Page You Requested Is Available Only to Subscribers".
http://www.abercrombieshop.us