sales IT.com sold for $3.8 MILLION

[Digital Universe]

IT.com sold for $3.8 MILLION which was brokered by James Booth.

Source: LinkedIn

 

[Anees Ahmad]

Isn't that too cheap for such a domain ?
Anyways congrats to all three.

 

[Digital Universe]

Isn't that too cheap for such a domain ?
Anyways congrats to all three.

I was thinking the same, it's a 2 letter .com meaning something in a huge industry, an actual keyword. Not just a random 2 letter domain. Buyer got a great deal IMO. I remember Facebook buying fb.com for $8.5 MILLION.

 

[kite26]

Reseller price

 

[NickB]

I was thinking the same, it's a 2 letter .com meaning something in a huge industry, an actual keyword. Not just a random 2 letter domain. Buyer got a great deal IMO. I remember Facebook buying fb.com for $8.5 MILLION.

FB did mean something for the right company with deep pockets and the seller knew it......

I don't normally say this, normally if the seller is happy with the price that's all that matters......but in this case I'm going to say this was undersold.....Though 99% of people would not sniff at $3.8 million minus commission in their bank account.....

 

[BlueSkadoo]

FB did mean something for the right company with deep pockets and the seller knew it......

I don't normally say this, normally if the seller is happy with the price that's all that matters......but in this case I'm going to say this was undersold.....Though 99% of people would not sniff at $3.8 million minus commission in their bank account.....

What are the odds this was the wholesale price?

 

[Digital Universe]

FB did mean something for the right company with deep pockets and the seller knew it......

I don't normally say this, normally if the seller is happy with the price that's all that matters......but in this case I'm going to say this was undersold.....Though 99% of people would not sniff at $3.8 million minus commission in their bank account.....

I agree completely, then the right buyer did not come along for IT.com yet, but some people got a nice "paycheck", so it is worth selling right now if it made a nice profit, instead of waiting for example 20 years for the right buyer of $10 MILLION IMO.

 

[Keith]

I agree completely, then the right buyer did not come along for IT.com

No such thing as the “right buyer”. You’ll die most of the time waiting with that thought in mind.

It’s only about the right time. When it’s the right time between buyer and seller, things get done

 

[Digital Universe]

No such thing as the “right buyer”. You’ll die most of the time waiting with that thought in mind.

It’s only about the right time. When it’s the right time between buyer and seller, things get done

IMO it's about the right time, the right buyer, the right seller and/or the right broker Edit: I forgot and the right domain and right extension haha

 

[-EM-]

$3.8mil for a subdomain service? Tried host.it.com and they are asking $10k? lol
This reminds me of so many failed attempts. The last one was in.net.
Some people have too much money to burn.
What a waste of an awesome domain.

 

[NameFu]

$3.8mil for a subdomain service? Tried host.it.com and they are asking $10k? lol
This reminds me of so many failed attempts. The last one was in.net.
Some people have too much money to burn.
What a waste of an awesome domain.

Especially when Dot IT has been available for decades... doesn't look like a smart use of money if that was the point of the purchase...

 

[NameFu]

bird.it.com "Premium"​

Select the period of use of the domain:

1 year $1373
2 year $45
3 year $40
4 year $35
5 year $30

 

[NameFu]

bird.it.com "Premium"​

Select the period of use of the domain:

1 year $1373
2 year $45
3 year $40
4 year $35
5 year $30

But their regular price is 50 dollars a year. At that rate they would need to have 76k customers to make their money back on "registrations"....not including hosting and other services if they offer.

 

[Digital Universe]

$3.8mil for a subdomain service? Tried host.it.com and they are asking $10k? lol
This reminds me of so many failed attempts. The last one was in.net.
Some people have too much money to burn.
What a waste of an awesome domain.

After checking archive.org it seems the new buyer did not create this service. Check out the screenshot from 2021. Maybe they will create something new with the domain hopefully. I'm even wondering if this is a domain name only sale or did it include the business etc.

 

[Greg123]

Selling "subdomains" as a digital product is an extremely clever idea. Congratulations.

 

[topdom]

Alternative to .it (italy tld), what a waste. But they might have done some deals with some registrars, so naive people looking for .it may buy .it.com instead. I search for .asia, my past favorite registrar shows it after 5 tlds.
Godaddy says ".co is great alternative to .com" (and of course it is not, they are saying so because they are the registry). If they own that .co, they would be more likely to say so, if you own it, they may not be so enthusiastic to promote it. Everyone is trying to abuse their position to make quick cash nowadays. As long as rules are fair, I'm not against it. For example at Epik, buyers think they are contacting domain owner, while they are contacting Epik only. This is cheating. Maybe Icann should stop new Epik from doing this.

 

[Sjpals]

I

IMO it's about the right time, the right buyer, the right seller and/or the right broker Edit: I forgot and the right domain and right extension haha

yes and to get them all aligned at the sane time... im sure its rare.
I guess the seller would prefer $3.8M now rather than wait and hope it sells.

Think I may take a leaf out of their book. Much as I feel my domains are worth $1k each, I would just like to shift them, so maybe I should start accepting offers and see what happens

 

[alop]

wowwwwwww stunning domain

 

[PurpleMan]

My opinion exactly at @Anees Ahmad, I think the buyer got a very nice deal.

 

[dennisok]

Congratulations to the seller but for me that was very cheap compare to the potential attached to the name.