Labeled as sales in Domain Industry News, started by Super Software, Nov 22, 2017
Dave Evanson announced he brokered Spend.com for 275,000 USD
Interesting, I am not sure how the buyer planning to monetise this. What kind of service or product will be on it?
My guess would be someone like Amex or Concur promoting "spend management" big thing for Enterprise (s)
if you don't spend for spend.com
what else can you spend your money on?
Not so bad for dying extension.
Great commission for the broker too
Waste of money. I've yet to see any of these expensive domains make any real impact on a business. Beer.com went bankrupt despite having an ultra-premium domain. If all it took to be successful is a premium keyword domain, every major corporation would do it. But, none do.
It's not an absolute guarantee of success, nobody is saying that.... also showing one example of a failure doesn't sum up how all of them are.
Companies are wildly successful with these acquisitions all the time.
Yap! beer.com bankrupted but that does not mean it is the fault of the domain name, but the organization's fault.
Do you mean it is not good for one to have a premium domain name for business? Mind you, having a good premium domain name is like having shopping store at wall street. It now depends on the management to make good use of the store front to make sales.
That's a great deal for both the buyer and seller.
In 1999 it would have sold for 2.75 Mil LOL
Great deal, could use it for something in the crypto-currency space, if they did that they can make up what they paid in a matter of months.
Think of it like buying a storefront...for every beer.com that went kaput you can find a lot of others that flourished.
Spend seems like a negative word but they must have something in mind.
Great deal .
There are plenty of good examples, @James Iles has been posting a lot of those. The successful companies normally all have great names.
Of course having a great name does not guarantee success but having a crappy name will drag you down when you aim for the top.
I say domain are the most undervalued assets of our time.
6 figures for a domain is nothing compared to what corporations spend on advertising.
Yep, you only buy it once, too! Advertising must go on or else.
If Booking stopped advertising, people would default to typing hotels.com --for free.
That was money well 'Spent'!
Probably going to be a payment processing site/app. Sort of like Square.
Great deal for the Seller. Sold the de version years back to an investor no clear use in my humble opinion can't see a company branding as "Spend" but hey what do I know I would rather have Andrew's Unchained.com for the same price.
My opinion only.
These are tough sales, can be very contingent on buyers personal life.
Maybe in a bind, needs a deposit for something etc.. only the buyer knows what he turned down, it's a tough one to part with a $275K minus commission for sure.
I just googled "spend.com" for kicks, at least 20 legit or possible buyers who could use this domain showed up from NetSpend prepaid debit card to Expend T&E management etc. What fun the guessing game is...
Whois is private last updated on 22nd Nov and hosts a WordPress site on Linode.....
I can't wait to find out....the real use.
What! You mean you don't know what the name could be used for? hahahahaha!!!
Spend is simply a spending tool - simply for money transaction. It can be for credit card ATM and many other spending tools.
Separate names with a comma.