How to justify paying $6,000 for a domain that is worth $8 to most of you right now
 

I am in the process of purchasing a domain name for $6000 (I can't mention the name for obvious reasons). The domain is a single word new technology name that is at the very early stages of it's life span, 99% of you have never heard the term, but the technology is almost guaranteed to take off within 3 years, which is how long it would take before the term becomes a household name.

So basically, to 99% of you, this domain would be worth $8 right now. To give you an idea of the caliber of the name, it would be equivelant to owning HDTV.com for example. The guy wants $6000 for it and he is very firm on that price, saying he has had 2 offers on it and won't let it go for any cheaper.

I believe the domain could be worth $50,000-$100,000 in 3 years, once the technology is widely available. Of course, the key word here is "could". There is a 20% chance it will never take off. How would you assess the risk/reward ratio on such a purchase? Is it a no brainer buy?

if you can personally see yourself ACTUALLY going out to buy this technology in the future then yes for sure,

do it!! :upsidedow

If it is nano.com yes, go for it. Nano-technology will be huge.
:2 cents:

I can't think of what else it might be.

if you can afford it, why ask?

if you can't, why ask?

admit it - it's subliminal CDs to get women in bed

Any traffic on it now? Type ins? If so you could send to DS and make a few beans while waiting.

was thinking the same thing.

It's Fleshlight HD, I guess

No, it is not nano.com...I would imagine nano.com might be selling for a bit higher than $6,000.

id buy that

Nano technology is becoming household already. Must be something else.

if you have $6000 that you are willing to gamble with then go with it... but your odds on playing the technology game are just as good as any vegas table game... you could make out nicely or you can be out $6k... that's my opinion...

i've heard the "it's guaranteed to be the next big thing" way too many times to ever believe it... even if 75% of the technological community believe in it i wouldn't buy into it until it's well impemented... anyone remember Netobjects Fusion, or Apple's Webobjects... they may not be the same technology genre as you are mentioning but it's just to make a point...

Always, always trust your gut instinct.

I can afford it, I am just trying to justify spending $6k on a domain that would make even most domain aficionados scratch their head, because of how unknown it is. When I say it is in it's infancy, I really mean it.

To give you an idea, I did a search on google for it right now, I get 6770 results back for it. The domain was registered in 2002. That is when the concept was created.

I wish it was that, it would give me results sooner than 3 years.

Do it. Do it now.

Right, what I am talking about is pretty much obscure currently.

The gut sais go for it right now...

My advice. Ask friends if they would consider buying X product using X technology. If he/she says yes they could see themselves using expendable income to purchase the product... then you should buy the domain.

nanotechnology?

wouldn't you pay $6k for adult.com or Gofuckyourself.com?
Heck, I would!

Go for it now. If you can afford it do it.

I'm selling wmvhdvideo.com, wmvhdvideos.com, and hdvids.com if anybody is interested hit me on ICQ... read about wmvhd here http://www.wmvhd.com/

The next big thing for porn vids? :thumbsup

Go for it bro :thumbsup :thumbsup

hdvids.com is a good name, but wont be usefull for a little while.

i doubt that theres only a 20% chance of it never taking off. if there was though it would be a no brainer. do the math. you would have an 80% chance of making 10x-20x your money back. if you would pass that up it would be stupid.

Sounds like WiMax

I'll back you, should you provide information. Of which, I am confident in your reasoning/the future of this technology. I mean, you can't go wrong. Should I not be interested? Lips are sealed, and you can feel free to make the acquisition by yourself.

Go for it, you can always lure the domain on to someone in a few years if it doesnt work out :winkwink:

^^

Sounds like a no-lose situation for you now. :)

Make sure you tell us the name after you secure ownership.


:thumbsup

If you buy it, you'll tell us what it is, right?

I think it's a mistake and I'll tell you why.

You buy an established name for $6k that you yourself hunt down (not something offered on the boards) and you're guaranteed a return of between 100-300% in just a few months. The risk is minimal.

However, as someone who has been in domains for a long time, the shell game of betting on ephemeral names--especially technological ones--almost never pays off big.

I got $1 million liquid to spend on names every day and I'd never bite based on the propostion you're throwing out there.

Two cents right there.

I mean the worse it could happen is he getting a useless domain and be 6 grand short.... :disgust

btw - thanks for ignoring my mail man.

Buy it, you already did the math.

The name costs $6k and you're 80% confident it will be worth $50k-$100k, then it's worth the risk...

Just do it

buy it and tell us already

this is just funny as hell

80% confidence? :1orglaugh

how does one measure confidence?

How is the wheather down there in Antigua?


have they fixed the roads yet there?
:winkwink:

go for it you have to take risks sometimes