domain memorize.com

[trogdoro]

Would like tips on how much to list it for, and suggestions for where to auction it. It seems like the general area of using technology to get facts into the brain (via various means) is starting to ramp up. So maybe holding into it is a smarter move?

 

[Wesley S]

like Rob Monster said from another thread, $100k and take what you are comfortable with with a offer button.

 

[MTB]

A very nice domain.
It can be good for a website of new technology/product regarding memorization.
Also, it can be very useful for an education/education games portal.
It is pronounceable, short and highly popular single word.

Some related domain sales(Source: namebio.com):
optimize.com 115,000 USD 2010-03-24 PremiumDomains
modernize.com 25,000 USD 2014-05-07 GoDaddy
optimize.com 24,650 USD 2008-02-27 Moniker
apologize.com 19,300 USD 2017-05-16 NameJet
recognize.com 17,000 USD 2017-01-23 NamesCon
publicize.com 10,199 USD 2011-04-14 NameJet

Resell value: low $x,xxx to mid $x,xxx
End user value: low $xx,xxx to mid $xx,xxx
Very rare end user value: high $xx,xxx to $1xx,xxx

Best of luck

Your stats show Optimize/com (very similar to Memorize/com) sold for $24,650 in Feb 2008, then $115,000 in March 2008. If you Google memorize the top result is Memrise.com which has 35 million users according to Wikipedia (https://en.wikipedia.org/wiki/Memrise), and the official site says its around $50 per year. Let's assume 0.1% of Memrise users pay $50 a year on paid subscription to access all learning features. 0.1% of 35 million is 350,000. 350,000 multiplied by $50 is ummm $17.5 million. That is at the extreme low end of assumptions.

If Memorize/com (not a made up word) could get anywhere near that then $100k is a conservative appraisal.

 

[MTB]

I could deal with 40%. At 10% I'd be dumb not to hold onto it myself. Registrar fees seem negligible for a 5-figure domain.

Still haven't had a single serious offer. I was thinking to try a sedo auction with a high minimum price. Is that a smart idea?

Expires 2023, suggest you shell out the $60 and re-register until 2029. Why not? Second, register all the exact-match social media and other accounts. Facebook is taken which is a bummer, but YouTube is still available which is really important. Check Instagram too. Lastly, consider registering a US or international trademark for the word memorize. This could be a key factor when selling to any party that wants to create a brand on your domain. Have you checked WIPO for any existing trademarks?

 

[trogdoro]

Do you own the social media accounts? The Twitter.com/Memorize has this domain as its' link and forwards to the sales page for Memorize.com. That would be cool if you owned the Twitter!

I have twitter.com/memorize, yes.

 

[Wesley S]

you have @memorize also?

 

[trogdoro]

you have @memorize also?

@memorize on twitter, yes. I'd throw it in with the deal.

 

[Wesley S]

wow man, you got your retirement. wtg.

 

[Josh R]

Throw up a lander and wait.. Could take 5+ years but it's not going to reach anywhere near the number you're asking for at auction.

 

[Bob Hawkes]

In my opinion this might be the kind of elite name that would be worth the commission to have a seller's broker. The broker might be able to open doors, and build trust, that would not be obtained by simply listing on a marketplace or with a lander.

While memorize is a really nice word, there are certainly a number of companies that would not consider it as a brand because of possible negative connotations around memorization vs true learning.

At some price point it would be very appealing to an app, educational game, etc. but I presume you want a higher price than they would give.

Best of luck with it.

Bob

 

[trogdoro]

In my opinion this might be the kind of elite name that would be worth the commission to have a seller's broker. The broker might be able to open doors, and build trust, that would not be obtained by simply listing on a marketplace or with a lander.

I'm interested in exploring that. How does one go about connecting with a sellers broker? Should I reach out to them?

 

[Bob Hawkes]

I have never had a name of sufficient quality to work with a broker personally, but I did attend the "Working with a broker" expert roundtable at NamesCon 2019. Andrew at DNW has interviewed brokers multiple times that would also be a way to learn more about some of them.

Here is a list of domain brokers that Elliot maintains:
https://domaininvesting.com/guide/list-of-domain-brokers/

Some do mainly buying, some mainly selling, some both.

What I would do is some online research to see what sort of names some of the brokers have successfully sold, and try to find something that seems comparable to niche of your name.

Then, yes, I would approach them with a simple query giving the domain name and perhaps your expectations in terms of price range (or let them suggest one) and time window when you hope to have sold the domain.

I think this is the kind of thing as a courtesy you should sequentially approach them until you find someone who takes it, rather than approaching a bunch in parallel.

People please correct me if I am wrong on any of this, or to offer additional advice.

Bob

 

[wwwweb]

Name doesn't excite me at all, sure it's one word, but someone really has to believe hard into branding it.

I see uses thru a simple search of language study, but learning, and memorizing a language are two different things.

If you have owned it almost 12 years, and somebody really wanted it, you would have received such an offer in your inbox already.

Only way it ever sells for that I don't want to sell it price if it is a function of some sort of application, or platform with a major company backing it. Like others have said, put up a lander, and let the lowballers roll in, hopefully you get your whale, you just never know. It costs you $10 per year to wait it out.

 

[namekahuna]

My suggestion is to contact the memrise company and see if they're interested in buying the domain from you.They appear to be successful company that can directly benefit from owning that domain, maybe to redirect to their site. How much type in traffic do you get to that site?
Also the domain broker suggestion above is a good one.

 

[Josh R]

My suggestion is to contact the memrise company and see if they're interested in buying the domain from you.They appear to be successful company that can directly benefit from owning that domain, maybe to redirect to their site. How much type in traffic do you get to that site?
Also the domain broker suggestion above is a good one.

If they even responded and had interest, they’d offer probably 25% of what I already offered him. Like @wwwweb said: Put it on the market and put up a lander and hopefully we’ll see a $50k+ sale in the next couple of years. I look forward to it.

Bottom line is, it’s a cool name but nothing amazing.

Go to Crunchbase and search for companies called “Memorize”. After that look up how many TM’s are currently registered for the exact word...

In regards to brokerage. Yes a few brokers would take it, but they’d only offer it to Brent, Drew and a handful of other investors. Max one of them might pay is $20k (maybe).

Not a great name for outbound end-user brokerage because there are barely any end-users.

 

[trogdoro]

My suggestion is to contact the memrise company and see if they're interested in buying the domain from you.

The Memrise founder actually reached out a while back and wanted to buy it just for the purposes of redirecting to memrise.com, but we couldn't agree on a price.

 

[adepti]

The Memrise founder actually reached out a while back and wanted to buy it just for the purposes of redirecting to memrise.com, but we couldn't agree on a price.

Like others have mentioned to you, you will likely need to wait years to sell this domain anywhere close to where your asking for it, if at all.

The likelihood of you just listing it for auction and getting a high five or even six figure offer is close to nil. Not sure your time horizon for how long you want to wait - since you want to put a downpayment on a mortgage but realistically you are talking 10 years+ horizon with no guarantees of a sale that high...

The fact that Memrise (an end user) couldn't give you the price you wanted should be telling.

 

[MTB]

Standing by $100k valuation.
But that's with a developed site.
There are so many possibilities for your domain.
US population is around 300 million.
You need 10,000 subscribers paying $20 a year and that's $200,000 a year.
I would secure the brand first before you try to sell it.

 

[Josh R]

Standing by $100k valuation.
But that's with a developed site.
There are so many possibilities for your domain.
US population is around 300 million.
You need 10,000 subscribers paying $20 a year and that's $200,000 a year.
I would secure the brand first before you try to sell it.

Huh? This is a domain valuation, not an imaginary business valuation.

 

[slader23]

How much traffic is the name getting?

 

[adepti]

Standing by $100k valuation.
But that's with a developed site.
There are so many possibilities for your domain.
US population is around 300 million.
You need 10,000 subscribers paying $20 a year and that's $200,000 a year.
I would secure the brand first before you try to sell it.

Keyword is developed site. His is neither at this point. It's an undeveloped name. In order to develop it to the point described above, it would require significant invested capital for web/software development.

If it were so easy, people (yourself included) would be running to take his $50K asking price, spend $25k to develop it and then sell it for $100,000 for an easy $25k+ profit.

Or perhaps you think you are seeing something that Memrise's founder didn't see? Enlighten us...