In February of this year, we spoke to Yigal Ben Efraim as a part of our Inside Interview series, after he completed the purchase of Scripts.com from domain broker Ali Zandi (@Zandibot). During that interview, Yigal told us that he had spent hundreds of thousands of dollars on domain acquisitions.
Since 2001, Yigal's company STANDS4 has been providing free educational resources online, and has purchased some incredible domains to help expand their network. Some of their existing sites include Grammar.com, Abbreviations.com and Symbols.com.
Today, Yigal emailed me to tell me about his brand new domain name, Lyrics.com. I think you'll all agree that this is an incredible domain, and the best possible name for a lyrics based website. STANDS4 acquired Lyrics.net for $65,000 some years ago, but has finally upgraded to the .COM.
According to Yigal, this was their most expensive domain acquisition ever, and as you may expect, this purchase took a lot of work. Negotiations on this purchase started in May 2015, and the domain transaction was only completed within the last couple of weeks.
Regarding the purchase price, Yigal told me: "Unfortunately I won't be able to disclose the price at the moment, but I can tell you it was by far our most expensive domain ever, and we've got a large number of premiums on our network that we've paid six figures for."
That would suggest a high six figure, or a low seven figure sale, but that is just speculation. The transaction was a cash deal that was completed via escrow.
Why was Lyrics.com such a desirable domain name for STANDS4? Yigal said: "We were operating an existing lyrics website under the Lyrics.net domain (which we've acquired on 2010 for $65,000) and very much wanted to upgrade to the .com version."
Online lyrics is a huge business that has a higher search volume than other lucrative generic keywords such as shopping, books and travel. I have no doubt that with the purchase of Lyrics.com, Yigal and his company will be one of the major players in the online lyrics business.
Congratulations to Yigal and STANDS4!
Lyrics.com's Logo
Today, Yigal emailed me to tell me about his brand new domain name, Lyrics.com. I think you'll all agree that this is an incredible domain, and the best possible name for a lyrics based website. STANDS4 acquired Lyrics.net for $65,000 some years ago, but has finally upgraded to the .COM.
According to Yigal, this was their most expensive domain acquisition ever, and as you may expect, this purchase took a lot of work. Negotiations on this purchase started in May 2015, and the domain transaction was only completed within the last couple of weeks.
Regarding the purchase price, Yigal told me: "Unfortunately I won't be able to disclose the price at the moment, but I can tell you it was by far our most expensive domain ever, and we've got a large number of premiums on our network that we've paid six figures for."
That would suggest a high six figure, or a low seven figure sale, but that is just speculation. The transaction was a cash deal that was completed via escrow.
Why was Lyrics.com such a desirable domain name for STANDS4? Yigal said: "We were operating an existing lyrics website under the Lyrics.net domain (which we've acquired on 2010 for $65,000) and very much wanted to upgrade to the .com version."
Online lyrics is a huge business that has a higher search volume than other lucrative generic keywords such as shopping, books and travel. I have no doubt that with the purchase of Lyrics.com, Yigal and his company will be one of the major players in the online lyrics business.
Congratulations to Yigal and STANDS4!
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