discuss Huge Losses! Ouch!

[NoisyNosyNancy]

I was just reading today's Daily Market Report on NameBios.com.

"TheMortgage.com" sold for just $15,000 at Dropcatch. It sold for $500,000 on May 1, 2000.

DiveBars.com also took a huge loss.

Maybe the Domain Name Game has lost its luster.

 

[DanSanchez]

Divebars is terrible, your idea would produce a net loss on top of the acquisition cost. You have to find domains that are self descriptive and can be implemented into a working business model. There is no dive bar that wants to be called a dive bar, it has a negative connotation.


15k for themortgage is standard, where do you see evidence it sold for 500k in 2000? If it did, it was likely in partial stock options, which went to zero after the market bubble burst.

 

[DomainRecap]

Plus, a lot of those "the" domains were sold based on parking revenue, which must have been massive in 2000 for something like TheMortgage.com.

 

[equity78]

Basis100 was the seller

Basis100 Inc. said yesterday that it has sold http://www.themortgage.com for $500,000 -- making it one of the highest prices paid to a Canadian company for a domain name.

Toronto-based Basis100 sold the domain name to National Mortgage Professionals Inc., which plans to use themortgage.com for a new Web site that will serve the mortgage broker industry.

As part of the deal, Toronto-based National Mortgage has also agreed to buy $500,000 worth of consulting services from Basis100, which specializes in developing software for the mortgage industry.


https://www.theglobeandmail.com/rep...s-500000-on-domain-name-sale/article25460276/

 

[Pierre Barnard]

Not very good names IMHO.

 

[Bob Hawkes]

Yes not infrequently when seeing NameBio-listed sales with a prior sale there is a huge drop, but TheMortgage is certainly one of the larger ones. I see that the original $500k was listed as a private sale, anyone know more about the circumstances for the sale back then. It has a high CPC and a good number of advertisers, although not a ton of search volume (I guess with The added really cuts into that). I presume the price it sold at this time was justified on basis of possible monetized parking.

Mortgage without The sold for $1.8 million in the same year as the $500k sale, but a couple of months earlier. That may have helped to prop up the price paid for TheMortgage.

Thanks for alerting us to this, @NoisyNosyNancy (interesting username BTW ). I had not yet looked at NameBio this morning so saw it here first.

Bob

 

[DomainRecap]

I am new..What is "parking revenue"?

It used to be a way that domainers made money out of keyword-based domains, placing ads on unused parked pages... until Google absolutely killed it with new search algorithms.

But from 2000 to 2008 or so, the buyer of TheMortgage.com could have made his money back or more, as the parking profits were significant and were automatically built into the price of any domain.

That's why you can't compare sales in 2000 with today, as the entire world has changed.

 

[biggie]

That's why you can't compare sales in 2000 with today, as the entire world has changed.

exactly!

the iPhone wasn't even invented yet



imo...

 

[Randolph]

Archive.org shows that TheMortgage.com was a website for qualifying/applying, comparing/calculating rates, and generating leads for 8 banks and lenders in Canada.

The $500k price tag appears to have been for the name, website, and data associated as the website barely changed until 2004.

They improved (in early-2000s terms) and expanded the website, putting brokering and consulting at the forefront just before the Financial Crisis of 2007/8, seemingly booming from 2004-2006 when you look at the number of captures on WayBack Machine.

I'm sure they made a massive amount from the website; It's not always about the name itself.

 

[Indianad]

I am new..What is "parking revenue"?

Also - Look at the article on NameBios - the daily market report. the original price of 500K was noted.

Welcome to NamePros!

 

[xynames]

TheMortgage.com is a top name. Well worth 15k wholesale, low six figures end user.

I agree.

In any case, domain prices are fluid and there will always be ups and downs.

 

[NoisyNosyNancy]

I agree that the THE in front of mortgage makes it awkward. However, whoever sold it for 500K in 2000 was a lucky duck.

I think DiveBars.com is good though. Someone could set up a website with features and a listing of all the dive bars in the U.S.

 

[RJ]

There is no dive bar that wants to be called a dive bar, it has a negative connotation.

In Las Vegas, we have an affinity for dive bars. There's even one next to my college campus called "The Dive Bar." (Most locals prefer them to the tourist traps on the strip.) https://www.yelp.com/c/las-vegas/divebars

But I completely agree with you, I don't see DiveBars.com being a big moneymaking domain, nor do I see these two sales being representative of the domain industry as a whole. Whoever bought TheMortgage.com for $500k 19 years ago made a poor purchase.

 

[RJ]

Bigger fool theory: Maybe he thought he'd sell it for a lot more to someone for more.
Maybe he sold other names and made a killing using the same strategy. Maybe he made the money via adsense or other ads. So lots of unknowns. $500K is a lot of money, but it's nothing when you remember the early years. Mortgage payouts are insane so money can ad up.

True, good point. The mortgage industry was a big money industry, up until 2008 when it all fell down.

Mortgage.com sold for $1.8 million in March 2000, two months before TheMortgage.com sold for $0.5m. Perhaps it seemed like a good deal at the time.

 

[Furquan]

Plus, a lot of those "the" domains were sold based on parking revenue, which must have been massive in 2000 for something like TheMortgage.com.

That seem to be reason if the price is correct 'mortgage' is huge paying keyword.

 

[alcy]

luster or no luster.. that'll be essentially up to you... how you approach it... the energy and time you put into it etc... it'll serve no purpose in terms of your own personal results in domaining, to look at such sales... as you see around this forum, there is still money to be made in domaining. how much... is entirely up to you and directly proportional to how much time and effort you will put into it.. like every other job or task we undertake in life.

all the best.

 

[iAdam]

I don't think it's that great of a domain and even the 15k is too much for it. It will be only good for a movie where a mortgage went bad ..

 

[Hootsifer]

This was around or not long after .com bubble. Lots of startups and companies overpaid for so so things. TheMortgage.com isnt bad but its not worth 500k. Now mortgage.com....yes...

 

[otismo]

there is a guy right now offering 9 .com BIN $24

if no-one buys in 5 minutes

luster GONE

I see we've had a BIN $24 offer to sell since six-thirty

IN THE MORNING !

luster definitely gone.....

oh, and no-one wants to bid $15 on truck.ws either.....

 

[nothere]

yesh. domain luster so gone lel i made sail xxx$ for a .io i reggae last yr, but yas, iz a sinking ship?

When you add all the money you spent on unsold /dropped domains and time let us know how you fare. You cannot say say I made $xxx so I'm doing great.

 

[Samer]

I am new..What is "parking revenue"?

Also - Look at the article on NameBios - the daily market report. the original price of 500K was noted.

parking revenue is when leave domain name on autopilot “park” and cover ads.
Some parked domains look nicer than others..
make money from nothing jus need traffic. (parked is undeveloped not website)
There are companies which specialize this biz. Try to park a few of your names (it’s free) and see if make money (Bodis, ParkingCrew...)

It used be lean mean money making machine, but nowaday parking is dead, minus select few
i think person with most knowledge on topic; @biggie still rakes parking

Samer

 

[Samer]

Basis100 was the seller

Basis100 Inc. said yesterday that it has sold http://www.themortgage.com for $500,000 -- making it one of the highest prices paid to a Canadian company for a domain name.

Toronto-based Basis100 sold the domain name to National Mortgage Professionals Inc., which plans to use themortgage.com for a new Web site that will serve the mortgage broker industry.

As part of the deal, Toronto-based National Mortgage has also agreed to buy $500,000 worth of consulting services from Basis100, which specializes in developing software for the mortgage industry.


https://www.theglobeandmail.com/rep...s-500000-on-domain-name-sale/article25460276/

Thanks. : )) So it included content.

I figured. Even in peak "bubble" figure seemed wayy too high!

Samer

 

[CupidName]

Divebars is terrible, your idea would produce a net loss on top of the acquisition cost. You have to find domains that are self descriptive and can be implemented into a working business model. There is no dive bar that wants to be called a dive bar, it has a negative connotation.


15k for themortgage is standard, where do you see evidence it sold for 500k in 2000? If it did, it was likely in partial stock options, which went to zero after the market bubble burst.

One mans trash is another mans treasure.

 

[DanSanchez]

One mans trash is another mans treasure.

No offense meant, just giving feedback on the name.

 

[namemarket]

@biggie still rakes parking Samer.

It is possible but I seriously doubt it, i.e. my parking rev is down 95% from its hey-day 10 or so years ago and I think most everyone else is down that much or more.