NameSilo

Purchased for $200,000 Sold for $6,500

Labeled as .mobi in Domain Selling and Domain Sales started by dande, May 9, 2019.

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  1. dande

    dande Premium Domain Names VIP

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    As hyped as it was, I didn't register not even one mobi. It seemed odd to me from day one because mobi sounds awkward. And as a webmaster, I found it hard to accept that splitting my site traffic into two separate domains was a good idea.
     
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  2. Bob Hawkes

    Bob Hawkes formerly MetBob βœ” NameTalent VIP

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    I agree that economic forces in general obviously impact the domain market, and the financial collapse of 2008 was huge.

    I wonder whether those active at the time can comment on whether the ..mobi bubble collapse pulled down other TLDs.? That is, did people in general shy away from investing much in domains because they were reading in the popular press of the money lost in .mobi as opposed to reading a few years earlier about the money made in some of the big .com sales?

    Bob

    ps Came across this article from popular press re the money lost in .mobi that I found interesting (LA Times from 2010) https://www.latimes.com/archives/la-xpm-2010-jun-09-la-fi-domains-20100609-story.html
     
  3. Screenshot_20190510-082819_Chrome.jpg

    Now the page doesn't even resolve and mymusic.mobi can be hand regged for 6.99
    Sad really. Even today if developed with adsense/affiliate links the right person could still earn with either domain.
     
  4. All domains extensions were affected, I wasn't in the "flipping" aspect of the game but noticed the bargains to be had. Honestly I grabbed some really great names back then. 4L's for $25/$35 and so on.
    Everything was on discount, I purchased a mint 1963 Lincoln continental convertible for $3,200 (suicide doors).
     
    Last edited: May 10, 2019
  5. @Bob Hawkes
    May I ask if when you got into the domain name industry? You seem very versed in the topic.

    I remember those "Ready made website scripts" were selling at $3,000+ after the crash in 08 they sold for $19.99
     
  6. Bob Hawkes

    Bob Hawkes formerly MetBob βœ” NameTalent VIP

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    I was sort of indirectly involved in websites even a few years earlier, but the first domain name I personally owned (and still have!) and managed the website for was in 2001 (Aug 27 to be exact :). The first domains I bought for potential resale were a few years after that but I had no clue so they basically sat unsold the ones that I did not develop. I only became active in NPs and things domainer wise a couple of years ago, and had ramped up my domain holdings and activity in general just under 3 years ago.

    At the time of .mobi I viewed myself as a developer rather than a domain investor so never considered buying any .mobi. But I do recall reading articles in tech magazines, etc. about how each website would need a .mobi counterpart, and was worried I needed to invest in developing mobile hosting, so I followed the discussion. So I followed the discussion, but as a web developer (an amateur one :xf.wink:) and someone who was in leadership in organizations with web assets.

    I have no idea why it stuck in my mind, but I actually remember where I was when I first read of .mobi. I was waiting in a medical waiting room and reading a tech magazine there.

    Bob
     
    Last edited: May 10, 2019
  7. dande

    dande Premium Domain Names VIP

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    No. .mobi did not affect the market in general beyond .mobi itself. The growth of Google and Yahoo on less fancy domains made people realized they could do without spending big dollars on fancy domains. :xf.cool:
     
  8. dande

    dande Premium Domain Names VIP

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    I remembered an EzineArticles clone script I liked so much but could not use because it was priced $5,000
     
  9. I remember paying over $300 for one which I reused over and over on different sites regardless the extension,.mobi included. Running PPC campaigns with approximately 700 private IP's collecting massive income with bots lol
    This is before ad blockers and captcha. Those were the days I tell you.

    Sadly I wasn't aware of the domain "flipping" aspect of the domain industry. If I was I would've exploited that as well. Like Bob I was focused on development and next day profit. Being in my late teens, early 20's I didn't understand "long term investment" until I purchased my first property.
     
  10. DomainRecap

    DomainRecap Top Member VIP

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    Reminds me of one of NP's best cartoons:

    [​IMG]
     
  11. dande

    dande Premium Domain Names VIP

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    LOL.... I need this right now. ^^

    But mine is in a form of joint venture. Who's with me?
     
  12. lock

    lock Traffic.tools VIP

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    There have been a few crazy priced .dot mobi domains sold. You can ask silly money and keep referring to previous sales. Many people have lost on speculation but some have influenced others to buying into it. There is a thread on popular forum with domains listed for tens of thousands from large broker now with about 50% of them dropped.
     
  13. anunt

    anunt Established Member β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…

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    yup i am the lucky guy who bought flowers.mobi for $6500 in 2010 from Rick and resold it in 2012 for $5000 to
    1800-Flowers.

    i wanted to flip it quickly for $20k or atleast $10k thinking 1800-Flowers got deep pockets and would pay up since they owned all the other big Flower domains.
    i harassed them for 2 years straight trying to make a profit but those cheap sob would not pay up...so finally sold it to them at a small loss at $5k.
     
    Last edited: May 11, 2019
  14. Truthfully it could have been much worse, $1,500 hit is nothing.
    Can I ask you why didn't you develope it and make recurring cash?
     
  15. I doubt it. This "industry" keeps drawing in new blood, newbies who jump in, spend like mad, lose money, quit. I'd wager that there is a huge turnover in domain speculators. It's a casino - the house always wins, namely the registrars and now possibly the registries.

    Mobi wrote the book on pushing a new extension - reserved premium names, premium auctiions, claiming a unique niche.

    Plenty of evidence on NP of people who want to believe passionately in magical new extensions.
     
  16. Mobi was introduced in 2006 requiring a 2 year minimum registration at $60 per year.

    There were soon 600k+ registrations, but tons of those dropped at the end of 2008, a kind of premium shower. I was not in at the start, but caught quite a few drops in 2008-2009 that sometimes resold for low four figures - there were still end-users or would-be end-user buyers. It was not till late 2009 that the market really died and nothing sold and later domains previously publicly sold for five figure sums actually dropped.
     
    Last edited: May 11, 2019
  17. Possibly that was a warning that mobi would be a sickness.

    Mobi was called a "sponsored" TLD and originally Nokia wanted to introduce it on their own but that was rejected, so they roped in others to back it. But WTF was Nokia ever thinking? I mean from a business point of view they argued that making mobile content findable and guaranteed to work on existing phones would lead to increased usage of the mobile web... but how exactly would a phone manufacturer get a business boost from that?
     
  18. dande

    dande Premium Domain Names VIP

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    That's the most annoying of all... believing that these magical new extensions are goldmines. Not learning from .net .web even .org that hasn't made it all these years, despite how well they sounds and fits.

    Then, you see these people here who believe that somehow .international .company .network etc will become a hit tomorrow and they will make tones of dollars selling them.

    When you look at these people, you then realized why Registrars are in big business. Scan through expiring domains from any registrar you'll faint at seeing thousands of things people actually spend their money on to register.
     
    Last edited: May 11, 2019
  19. lock

    lock Traffic.tools VIP

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    End users don't know much either it is generally a keyword that will bring numbers to new extensions and that is what they are being sold. The below may not have bought anything if they knew about domains.
    ADVERTISING.mobi SOLD DECEMBER 2007 $12,100 http://dnpric.es/?dn=advertising.mobi
    ADVERTISING.TV SOLD APRIL 2010 $10,000 http://dnpric.es/?dn=advertising.tv
    ADVERTISING.EU SOLD DECEMBER 2007 €5,699 http://dnpric.es/?advertising.eu
    Anything dot mobi won't work as a type in however some gtlds work very well.
     
    Last edited: May 11, 2019
  20. HappyW

    HappyW Owner of NamesMaker.com Gold Account

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    This world will not allow the existence of a fool. So this should not be a joke. I believe there is a possible existence, that is, the seller uses 20W for fraudulent transactions, deducting 20% of the transaction fee, $4,000. Sold $6,500 and earned $2,500. I believe this is the game of the MOBI Registry.
     
  21. HappyW

    HappyW Owner of NamesMaker.com Gold Account

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    really? At that time, 4l.com 35 dollars can be obtained?
     
  22. Jv1999

    Jv1999 New Adventures: Learned Squire of the Exo-Tower VIP

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    this thread scares me like an omen now that crypto is booming :tightlyclosedeyes: (well only bitcoin and the rest are being towed).

    so many ppl bought btc at 20k and lost. Now crypto is booming again, and i feel like there might b a thread in the future with ppl saying how so many "fools" bought crypto and now no one will even buy 1 btc for $1.
     
  23. FolioTeam

    FolioTeam Top Member VIP

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  24. frostify

    frostify Top Member VIP

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    It's a lesson well learned for all of us I guess.
    All we can do is learn from his mistakes and try to apply it to the future.

    Sometimes the future is unpredictable though :xf.grin:
     
  25. I have to say, u made a good decision to sell to them at 5k back to that time, seriously, I think if this domain put into auction today in NP, I doubt it will fetch $650 at the end..personally, I think I will just avoid any .mobi no matter how cheap it is...
     

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