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Facebook bought the domain Work.Place for $50,000+

Labeled as news in Domain Buying and Domain Purchases started by Arpit131, Oct 11, 2016.

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  1. Arpit131

    Arpit131 Active Member VIP

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    The domain name Work.Place was sold and the buyer is Facebook that launched today its enterprise-focused messaging and social networking service to market under the name Workplace.

    The seller Edward Alfert (@ealfert) has not revealed the sales price but since I had a very small part in the deal I can make an educated guess.

    Edward asked for my opinion on what price to quote and also told me that he thought the buyer was Facebook. I gave my opinion but don’t know what happened next and what the negotiations were.

    I believe the sales price was at the $50,000-$75,000 range. Probably closer to $50,000.

    Source
     
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  2. mad409

    mad409 Always thinking outside the box! VIP

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    Heard about this yesterday and sent my congrats to Edward. I'm hoping they will use the domain other than a redirect, looks like the .com is something else.

    If used other than a redirect it will only help the new g's!

    Don't know the final price but he was smart enough to figure out who the buyer was from what I understand, that's always a good thing. :)
     
    Last edited: Oct 11, 2016
  3. Haris

    Haris Best Domainer Of The End-Times VIP

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  4. N-A

    N-A Account Closed

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    inb4 incoming showcase your .place domains
     
  5. mad409

    mad409 Always thinking outside the box! VIP

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    Maybe so, there's always ambulance chasers. If you want to look at the negative side only, so be it. ;)
     
  6. hullswingerscom

    hullswingerscom Top Member VIP ★★★★★★★★★★

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  7. Kate

    Kate Domainosaurus Rex VIP ★★★★★★★★★★

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    So a domainer (not a registry) finally made a good gTLD sale to an end user ? I wonder what the net profit is.
     
  8. vivaldi

    vivaldi Nothing personal VIP

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    Only people with low quality domains or holding no new gTLD:s at all claim so.
     
    Last edited: Oct 11, 2016
  9. ambrose.xu

    ambrose.xu Established Member

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    work.place registered in EAP last year, chinese news reported that the domainer paid around $200 to register it , so u can caculate the net profit
     
  10. 4Lseller.com

    4Lseller.com Established Member ★★★★★★★★★★

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  11. ealfert

    ealfert Established Member

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    :-D

    I'm still in the red, but getting close. This has not been my only new gTLD sale in the past 2 years.
     
    Last edited: Oct 11, 2016
  12. Bros

    Bros Active Member VIP

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    Congrats to the seller. Even though I don't own any nGTLD domains, it is nice to see domainers who own those do well. :)
     
  13. Doron Vermaat

    Doron Vermaat Email [email protected] for the fastest Efty support. Efty Staff PRO Gold Account VIP

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    Congrats on the sale and appreciate your transparency about your P&L!
     
  14. mpls

    mpls Active Member VIP

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    Amazing sale!
    But.... How did he know/thought the buyer was facebook? Crystal ball?
     
  15. ealfert

    ealfert Established Member

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    I found article mentioning that Facebook left their previous law firm for the law firm that contacted me.

    http://www.legalbusiness.co.uk/inde...e-firm-hires-bristows-partner-as-privacy-head

    Plus with Facebook registering several "workplace" domains recently, I was 99.99% sure it is Facebook that wanted to buy the Work.Place domain.

    http://domainnamewire.com/2016/07/22/facebook-registers-domain-names-workplace-service/

    So, I negotiated assuming it was Facebook :)
     
    Last edited: Oct 11, 2016
  16. RU

    RU I'm out of domaining. ~Russel VIP

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    it looks like Facebook forgot to set it as a primary domain.

    Congrats Edward :)
     
  17. ealfert

    ealfert Established Member

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    I'm hopeful they will utilize the domain and it wasn't just a defensive registration.
     
  18. hullswingerscom

    hullswingerscom Top Member VIP ★★★★★★★★★★

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  19. lolwarrior

    lolwarrior Founder, Brands.International VIP

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    Congrats, that is a perfect sale :)
     
  20. Fancy.domains

    Fancy.domains Golden bull of names Gold Account VIP

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    Congratulations ealfert, you really deserve it as you have been working hard getting great names from the start.

    I saw that you also have other nice sales lately. Big congrats!

    We are showing people that our investments was worth it. I have no sales close to 50,000, but at least more than fifty smaller sales.
     
  21. ambrose.xu

    ambrose.xu Established Member

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    may i know work.place is a premium domain when .place launched last year?
     
  22. ealfert

    ealfert Established Member

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    It is classified as a premium and yearly renewal is $42.

    I submitted an EAP pre-order at Godaddy and someone else did too. So the domain went to auction and I won the auction for $164.
     
    Last edited: Oct 11, 2016
  23. ambrose.xu

    ambrose.xu Established Member

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    great sale, if fb launch work.place to be primary domain for its product, it will be a small success for new gtlds(just as google use abc.xyz)
     
  24. ian_curtis

    ian_curtis Member PRO VIP

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  25. abdou01

    abdou01 Established Member

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