Epik Escrow

Shoes.com sold for $9M and doesn't resolve!

Labeled as discuss in General Domain Discussion started by Arpit131, Mar 13, 2019.

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  1. Arpit131

    Arpit131 Top Member VIP

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    Shoes.com sold for $9 million in 2017.
    When I try to open the website, it says Forbidden.

    At that price, someone is not making an investment to resell, definitely!!

    So, you buy a domain for $9 million which can't be sold for a higher price and then don't build it!

    Ain't you wasting your money!?
     
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  2. Jay Ha

    Jay Ha Exploring..

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  3. Nahdism

    Nahdism Established Member

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    Its a forbidden code for me :P

    They have an SSL certificate in place so might be still working on something wonderful :)
     
  4. Josytal

    Josytal Top Member VIP

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    $9M
    Wow!
     
  5. NewHere

    NewHere Upgraded Member Gold Account

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    @Arpit131 it shows the full built site now. You can buy "shoes" there lol.
    Check it out
     
  6. Bob Hawkes

    Bob Hawkes formerly MetBob NameTalent VIP

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    That particular site resolves for me but many expensive domains go unused for long periods. I have never understood it. Like if you pay $1 million for a name, probably your cost of money is the order of 4.5% so it is like a cost of $45,000 per year, not a trivial amount unless it is a huge business.

    If you look at the NameBio top 20 sales of all time (all $3.6 million and up) one is listed for sale, three are used for redirection, one shows a 'coming soon' lander, one is under used by a company recovering from going out of business and back in, two others are not in use, and 12 of the names have developed content. (details here)

    Bob
     
  7. Arpit131

    Arpit131 Top Member VIP

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    oops.. For me It's forbidden.
    Screen Shot 2019-03-13 at 11.33.58 AM.png
     
  8. MrAcidic

    MrAcidic Upgraded Member Gold Account VIP

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    I get the below.......
    [​IMG]


    Effective May 14th, 2018, we will no longer offer products to EU/EEA countries until we implement new features to adapt to the European Union Data Protection Regulation (GDPR).


    Customer Service: +1-617-451-2880
     
  9. maxtra

    maxtra Upgraded Member Gold Account VIP

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    Resolves fine for me

    20190313_074954.jpg
     
  10. Arpit131

    Arpit131 Top Member VIP

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    That is insightful.
    I don't understand the reason either! Perhaps an entrepreneur running a multimillion dollar company can throw more light on this!
     
  11. Jv1999

    Jv1999 New Adventures: Squire of the Exo-Tower VIP

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    Remember that guy who had shoes.xyz and said he's now a millionaire too :tightlyclosedeyes:
     
  12. Weber

    Weber Top Member VIP ★★★★★★★★★★

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  13. Bob Hawkes

    Bob Hawkes formerly MetBob NameTalent VIP

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    I think there are legitimate cases where a major sale is made for protective or long term uncertain plans, but still I am surprised how many domain names are sold and not used. This is by no means restricted to high value sales. A surprising number of domain names sold in $$$$ don't seem to get used in a 12 month period (I have run a bit of data but not yet ready to write it up, but vast majority are not in use).
    Bob
     
  14. Jv1999

    Jv1999 New Adventures: Squire of the Exo-Tower VIP

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    Because anyone can buy a domain name.. but only a few people can develop it.

    It's easy to point, click, buy. But no one has time to oversee a web development team.

    U see it with us domainers too. Most domains for sale don't resolve. And that's why undeveloped and efty are so popular. Because we can't even develop our own stuff XD.
     
  15. Bob Hawkes

    Bob Hawkes formerly MetBob NameTalent VIP

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    Except in cases where they don't want to officially say a domain name is for sale, I never understood why people with domain names for sale don't have them resolve. It is trivial to set up an Undeveloped lander and go in and change two DNS settings at your registrar so that when someone enters the domain name it resolves to their attractive landers.

    I do agree with your point that for most the time, skill and hassle of setting up their own site is not done. Just never understood those who also don't use landers.
     
    Last edited: Mar 13, 2019
  16. Domain_savvy

    Domain_savvy Established Member

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    And i read that cooking(dot)com was also released for sale today.
     
  17. Jv1999

    Jv1999 New Adventures: Squire of the Exo-Tower VIP

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    Wat? Haha iz not dat ez to make a sail lander! The buy now and make offer buttons require form submission scripts. These require scripts or some kind of premium WordPress theme.

    Then th eres the BIN itself, which requires PayPal store integration.. and with cc/check paymwnts and crypto payments... it gets even more complex!

    But the BIN is the most important part. Users want to click and buy without having to send emails back and forth.
     
  18. maksimfa

    maksimfa Top Member VIP Trusted Contest Holder

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    That's because most of the domains being bought and sold, volume wise, are resellers and investors.

    Especially prevalent in 3L, 4L and other liquid names.
     
  19. Fancy.domains

    Fancy.domains Selling gTLDs like delicious hotcakes Gold Account VIP

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    As mentioned, it was purchased by Jet.com, a subsidiary of Walmart - The world's largest company by revenue.

    Nine million bucks, or 70 million for the entire company, is a huge amount of money, but if there is a company that can afford it, it’s Walmart. ;)

    Additional information: https://en.m.wikipedia.org/wiki/Shoes.com
     
  20. hn

    hn Top Member VIP

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    Shoes .com site will work if you are viewing from America I believe. They have IP set so if you view from EU region it will show a message, US will show full site and other regions it may show blocked.
     
  21. wwwweb

    wwwweb Top Member VIP

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    What is amazing about both these domains Jet.com, and Shoes.com they both came out of Vancouver region, where guys like Chernoff, F Schilling, K Ham, R Lau, Yun Ye etc... all got their start.
     
  22. EbookLover

    EbookLover Top Member VIP ★★★★★★★★★★

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    Resolves for me.
     
  23. phptechie

    phptechie New Member

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    It says 403 forbidden error.
    Probably they might be working on the site without putting an Maintenance page.
    Or there might be some server error.
    Anyway for $9M worth of the domain / site , can be well maintained atleast for the kind of money its dealt with :)
     
  24. Fancy.domains

    Fancy.domains Selling gTLDs like delicious hotcakes Gold Account VIP

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    It’s owned by the world largest company by revenue. Walmart has a yearly revenue of more than $500.000.000.000!

    Shoes.com alone has more than 200 employees.

    I wouldn’t worry that much ;)
     
  25. Fancy.domains

    Fancy.domains Selling gTLDs like delicious hotcakes Gold Account VIP

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    Ps. It resolves fine in Thailand. A shame that I only use flip flops. :xf.cool::xf.wink:
     

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