$4,250 Didn’t Cut It!
I woke up early this morning @ 6:30am (OK, some of you probably think it’s late) to watch a 4-letter domain being auctioned off on eBay. The domain is boso.com and you can see how much it got sold for here.
Yeah, I came in a close 2nd high bid of $4,250. I thought for sure I got it with only a few seconds left, but another domain investor snatched it right out of my hands for $5,100.
So, what’s boso.com all about and what makes that domain so valuable?
If you are into domain investing, you will know that 4-letter .com’s are in high demand, especially premium 4-letter .com’s that are pronounceable or brandable.
I remember just 2 years ago I had a list of over 14,000 4-letter .com’s that are still available to register, but today they are all taken.
Take, for example, parse.com that is being auctioned off right now. I put a bid of $10,000 and that’s not even meeting the seller’s reserve.
So, what makes parse.com so valuable (I think it will go well into 5-figures)? Well, it’s both a dictionary word and brandable like the seller said.
In my opinion and from past experience, eBay isn’t the best place to sell a premium website or domain. It is, however, a great place to pick up deals.
So, knowing that, you should also look into purchasing some 4-letter .com’s from eBay and flip them in a domain forum (dnforum.com is a good one) or webmaster/IM forums such as sitepoint.com/marketplace, or you can just buy and hold and wait for the value of your domain to skyrocket.
Steven,
What do you think of noun.org, or .org domain names for that matter. I own it and I am weighing the possibility of creating a web app, a social network, or just sell it. I also own wii.fm….
Any thoughts?
May 23, 2008 @ 2:44 am
Hey Victor,
I like .org over .net, but that’s just me. The value is in the eyes of the beholder. .COM is definitely valued more than any other TLDs.
If you want to develop something on that domain, just make sure you have the budget and/or time for it. It does take quite a bit of an effort to bring up a social networking site - I have tried.
If you want to sell it, then I recommend you looking into listing it in domain auction houses, or sedo auction - make sure you sell it to the intended buyer. If you list it on eBay, it’s one type of audience/buyer vs. if you list it on sedo.
The other option is to just keep holding on to it and pay the $8 or so registration fee each year. I’ve had people contacting me to buy domains that I hold that I haven’t had the chance to develop on and the offer was really good, and definitely worth the $8/year investment.
Just my 2 cents,
Steve
May 24, 2008 @ 12:01 am