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Just made a 100K offer for a domain. Am I crazy?

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Re: Just made a 100K offer for a domain. Am I crazy?

#12
post #4

It depends why you're getting it. What does the word "Amazon" have to do with selling books? Or "Google" with searching? Having the "best" name doesn't really help you build a brand.

I've always had the opinion: "Let the site make the name, not the name make the site."

Re: Just made a 100K offer for a domain. Am I crazy?

#13
No right answer to this question. I can definitely see some circumstances where it would be worth it. Owning the category killer domain can be incredibly valuable. The brand recognition and instant credibility of a good domain is also undeniable. Many have type in traffic which means potential customers looking for that service show up every single day without any effort. Some search engines also give you an SEO boost for exact match domains.

Worth 100k? Depends on the name. But I thought after reading all these negatives, I feel like many of these people haven't actually owned any good domain names and seen the value that can generated from them.

Re: Just made a 100K offer for a domain. Am I crazy?

#16
Just 1?

What happens when you want the associated .net or .org? Trademark rights been checked?

You could've gotten a .com, net, .org and like 10 years registration for each and been in a good position. And been in a position where you'd still have a lot of cash in the bank.

Re: Just made a 100K offer for a domain. Am I crazy?

#17
If the 100K investment makes business sense and results in a positive outcome (profit or increased market share etc), then it's the right price regardless of whether you could have bought another domain cheaper. Buy, profit, move on to the next task on the list...
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