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

The "Force" is strong in him! :thumbsup

... and so was probably the trademark.

If you know of future development and money that companies are putting towards developing the technology / marketing the technology (and hopefully the name of the technology won't change...) then I'd go for it. Good luck. :)

Matt

not confidence, but a chance, or probability that something will occur ..and he already 'measured' that

screw the domain and put a down payment on a yugo

do it! its oppurtunitys like this that make some people very rich very fast!
gotta take risks & gamble once in a while, in order to hit the 'jackpot'.

just my 2 cents.

hah

when people use "numbers" like that, its usually beause they are talking out of their ass ;)

im 51% confident in the above statement :1orglaugh

Buy it so i won't be curious anymore. That's worth 6 grand right there.

you say there are 6,000+ results in google? then, google for your TERM + other keywords

//

TERM +"venture capital"
TERM +vc
TERM +news
TERM +industry
TERM +business
TERM +startup
TERM +"start up"

also, see if there are synonyms for your term:
~TERM

then goto: http://news.google.com and enter your TERM

///

if the tech is only 3 years away, you should get some results for the searches above. do this every week/month until you decide to buy the domain. keep in mind, you are taking a risk, so try to make it as calculated as possible. What if this is the next big (tech) term like these were/are:

HDTV
SEARCH ENGINE
ONLINE
EMAIL
BLOG
VOIP
NANO
WIRELESS
RFID
CORD BLOOD

etc...

but, what if it's the next BETAMAX? what if the term's already trademarked? what if it's only a pipe dream? what if the technology is too far away for you to benefit from any traffic/buyout? what if the technology is always on the horizon (VR) or has interchangeable terms (DVR, PVR) or if you buy it and wait to long to sell/develop it (i.e. VCR) - many factors to consider.

I've made a few domains purchases like the one you're planning on making, where I bought a domain to cash in on the future, but my criteria was different.

if the TECH is distant horizon, I register or buy the domains for under $100
if the TECH is years away, I buy the domains for under $1K
if the TECH is tomorrow, then I try to keep it under $5K (i.e. bought SexPatch.com 3 months ago)
if the TECH is today, then I try to get a good deal. (i.e. bought Genomic.com last year 1 2 3)
I'm already in talks with several companies who are considering acquiring Genomic.com for cash + stock.


Obviously, some domains have their own criteria. For example, I reg'd many BLOG domains years ago (SexBlog.com, PornBlog.com, NewsBlog.com etc). I now have hundreds of BLOG domains and I still buy them for $XX-$XXXX but only because I'm launching a cohesive network. If you're planning on buying it to resell later then make sure you have a backup plan just in case it doesn't go your way. Good luck. Keep us informed and email me if you have more questions (sponsorcash {AT} mail.com) I won't compete with you... I have too much on my plate already.

if you haven't already, check out www.dnjournal.com and look at their sales chart archives to see what your $6,000 could have bought and see if you'd be happier with those domains or the one you're considering.

but more importantly, ask yourself this question:

When is StudioCash launching?

:)


.

Nike, just do it