Spend.com sold for 275K USD

Discussion in 'Domain Industry News' started by Super Software, Nov 22, 2017.

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  1. Super Software

    Super Software Established Member

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    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. Cebe

    Cebe Established Member

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    Great
     
  3. atinc

    atinc ∴ Entrepreneur ∴

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    Interesting, I am not sure how the buyer planning to monetise this. What kind of service or product will be on it?
     
  4. Super Software

    Super Software Established Member

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    My guess would be someone like Amex or Concur promoting "spend management" big thing for Enterprise (s)
     
  5. frank-germany

    frank-germany Business Member Business Account VIP

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    if you don't spend for spend.com
    what else can you spend your money on?
     
  6. Kate

    Kate Thinking inside the Box™ VIP ★★★★★★★★★★

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  7. stewmath

    stewmath Active Member VIP ★★★★★★★★★★

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    Great commission for the broker too
     
  8. Smiles76

    Smiles76 Established Member

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    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.
     
  9. Maxwell

    Maxwell Active Member VIP

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    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.
     
  10. elevator

    elevator Active Member VIP

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    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.
    Cheers.
     
    Last edited: Nov 23, 2017
  11. Haykay2005

    Haykay2005 Active Member VIP

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  12. Undeveloped

    Undeveloped Founder @ Undeveloped.com Undeveloped Business Account

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    That's a great deal for both the buyer and seller.
     
  13. Super Software

    Super Software Established Member

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    In 1999 it would have sold for 2.75 Mil :-P LOL
     
  14. namey

    namey Established Member ★★★★★★★★★★

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    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.
     
  15. nothere

    nothere Established Member

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    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.

     
    Last edited: Nov 23, 2017
  16. Govind Kumar

    Govind Kumar Established Member

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    Great deal .
     
  17. Kate

    Kate Thinking inside the Box™ VIP ★★★★★★★★★★

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    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.
     
  18. nothere

    nothere Established Member

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    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.

     
  19. WINNA

    WINNA Established Member

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    That was money well 'Spent'!
     
  20. blockpaving

    blockpaving Established Member ★★★★★★★★★★

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    Agree
     
  21. tritrain

    tritrain Established Member ★★★★★★★★★★

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    Probably going to be a payment processing site/app. Sort of like Square.
     
  22. richface

    richface Active Member VIP

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    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.
     
  23. wwwweb

    wwwweb Top Member VIP

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    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.
     
  24. Super Software

    Super Software Established Member

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    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.:-P
     
  25. elevator

    elevator Active Member VIP

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    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.
     

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