Files.com sold about a decade ago for about the same amount of money.
Name Ninja Bill Sweetman and Sedo have helped broker the sale of Files.com for $750,000.
I’m thrilled to announce that @NameNinja brokered, in collaboration with @Sedo, the purchase of the ultra-premium domain name https://t.co/m0HkGHWLMM for $750,000 USD. Congratulations to Buyer and Seller, and big thanks to Sedo seller broker @FrankTillmanns. #naming #dotcomisking
— Bill Sweetman (@BillSweetman) December 12, 2018
While that’s a nice price for the domain, it doesn’t appear to be a windfall for the seller. Files.com last traded hands publicly in late 2009 or early 2010. It sold on Sedo for $725,000.
The Whois records have been private since then. Assuming it was the same owner, they didn’t make out well on this domain even if $750,000 was net of transaction fees.
Plural names have not done well, fortunate it wasn’t a larger loss (I assume brokers fees are coming out of that).
James Kite says
While making a profit on the sale of the domain name by itself would certainly be ideal, the question of profit/loss really comes down to the time of ownership also being factored in.
Did the previous owner increase profitability due to owning the domain.
I doubt it, if they making decent money with it they probably wouldn’t have resold.
Ouch. Could have turned that $750k into over $2.2 Million simply by putting in a S&P 500 index over the last 10yrs!
What about bitcoin? Would have, should have, could have.
$750k is still a good chunk of change for a very poor generic.
Classic example of how many much longer multi-word domains would be far more valuable and desirable than this particular one. No wonder it went this way.
In fact, the seller is EXTREMELY lucky to even be able to recover that much for it, thanks to all the bs zero sum game industry harming propaganda in the industry by those who push the mantra and Kool-Aid of “short, short, short” above all else while wailing naked and sweating on the floor bobbing up and down violently.
Long names have tanked in the last 10 years!
That’s not true in terms of real value, and you are missing my point and meaning entirely anyway. Domainers have done, figuratively speaking, exactly what I described above. They are the primary causes of the perception problem because of misguided zero sum thinking, selfishness and greed. They have wrongly influenced and even “made” the market by their zero sum thinking, selfishness and greed, shooting themselves in the foot in the process as well as everyone else needlessly.
But as for you missing my meaning entirely above, I am referring specifically to a domain like files.com. If you do not realize that there are a great number of much longer domains than that one, including multi-word domains, i.e. at least two words or more, which are vastly more genuinely valuable to business, then you have no business in these blogs. But I suspect you can’t be that benighted. Maybe just making assumptions and jumping to incorrect conclusions about what I meant (one can only hope). Otherwise, however, if you don’t understand and realize that domains like freemoney.com or insurancequotes.com are *vastly* more valuable than files.com, you are in trouble. And I could give examples with more words than that, but that would not be a good idea for me to do.
Nope, shorter domains are ALWAYS better…the shorter, the better. Long-tail domains are
Dude, even Rick Schwartz and some of the other luminaries are no longer drinking that Kool-Aid. Get a clue…