Spending $13K on a domain

No simple answer here. It depends on the domain name and plan of the owner.

Happens everyday, no big deal.

Impossible to tell anything without knowing the name

Why do you care?

I sold a domain to a business for $12,400 over 6 years ago and it is still not developed yet. I'm sure someone somewhere has paid 6 figures plus for a name and never did anything with it... and has no intention of ever selling it either.

for some companies $12k is not money, $12k for them could be like $12 for you.

yeah... why DO YOU care?

13k and 7 months?.....First, 13k is not too much when you look at the completed sales charts. Second, 7 months is a millisecond in the domain aftermarket business.

Thanks, everyone. I was just curious.

BeachLife said:

Thanks, everyone. I was just curious.

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Were you going to offer them a lessor amount, thinking they didn't need it? Or was it your sale?

It’s impossible to answer this question without knowing more about the name.

But no, you don’t have to develop ANY domains that are aimed to sell. A simple landing page will do fine. If the name is good, it will get the attention.

Samething as:

"I know a person who was married for several months but did not have sex"

I don't really care. It's none of my business.

buyer were domainer (domain investor)

wwwweb said:

Were you going to offer them a lessor amount, thinking they didn't need it? Or was it your sale?

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@wwwweb yeah, it was my sale via Afternic last summer. Apparently, the buyer was from China (new registrar~Aliyun).

BeachLife said:

What are your thoughts on someone spending $13K on a five-letter domain but not developing it even after seven months?

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Probably they will lose a lot of money.

I don't think you should feel anything. Some names are held because of their liquidation value and never developed. Other names are implemented and integrated into a business immediately. It's just part of the game.

BeachLife said:

@wwwweb yeah, it was my sale via Afternic last summer. Apparently, the buyer was from China (new registrar~Aliyun).

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I had that happen as well, but I knew ahead the sale was a chinese spectulator. You can’t blame them. Its a Great way for those who are well heeled to move money out of china too.

guilty!!

Happens everyday. 3 names I sold in 2017 are never developed. Still sitting there. All sold to Chinese

if u can share the name, it will generate more fun I guess

(sometime u just disallow to share due to the agreement made...if that is the case, just ignore what i said)

BeachLife said:

What are your thoughts on someone spending $13K on a five-letter domain but not developing it even after seven months?

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Many people buy into a lie that a great name automatically means a brand and makes it easier for you to succeed and nothing can be further from the truth. Just look at beer.com. Great name but still went bankrupt. It takes so much more than a nice domain name to build a brand and successful business and some don't realize that until after they have bought a pricey domain.

or Pets .com and all the other dot com failures 19 years ago.

https://www.marketwatch.com/story/sock-puppet-kills-petscom

https://en.wikipedia.org/wiki/Pets.com

I still wonder about some true reported pom pom waving sales or if they fell through, $300K purchases like Inspection , being parked no 301, nothing. Look at archive and it was at the supposed customers only a short time- like only a few days pointed to the reported customers site. Then after that? Gone.

https://web.archive.org/web/20180201131032/http://www.inspection.com/


Total silence on that one, nobody ever explained that, nor obligated to obviously but in my book something is amiss.

https://www.namepros.com/threads/ar...s-accurate-or-even-true.1113246/#post-7016675

https://www.namepros.com/threads/ka...n-com-for-335-000.1066709/page-3#post-6920806

Here the broker actually liked a subsequent excuse post, yet never responded. haha.
https://www.namepros.com/threads/ka...n-com-for-335-000.1066709/page-3#post-6921767