What is the most you ever paid for a domain name?

Question

Domain names are like virtual land and building a website on it is like building a virtual house.

Have you ever spent more than the traditional $11.99 for your domain name on godaddy? Anyone spend in the hundreds or even thousands for a specific domain name?

Brandon Ingegneri · Answer

I know someone who owns a publishing company who purchased a domain name for $73k.  This isn't a guy who works in corporate America.  He was a school teacher, who created a publishing company out of his basement.  Fast forward ten years, and he is no longer a teacher.  He is rolling out a new system that he expects a 20 million dollar return on.  He swears the key was having the right name, so he pulled the trigger on it.

Craig H. · Answer

Bought one back in 02ish for 11,500 and sold it not even a year later for 42,000. Bought another one about 6 years ago for 30,000 and haven't used it or sold it yet. I own about 100 names, most of which I paid $8 to register. There is some good virtual real estate out there.

James Park · Answer

I recently read an article about this taiwanese american guy Jim Wang from the bay area. He sold his personal finance blogging site www.bargaineering.com for a cool $3 million dollars and launched a new personal finance site www.wallethacks.com. This article was on the front page on finance.yahoo.com couple days ago.

I don't think he holds any security licenses or financial advisory certification like the series 65, 6, 63 or CFP, but he is a computer science major who started a personal finance blog 10 years ago because he was bored. I think it is pretty impressive that he built a personal lifestyle finance blog from scratch and eventually sold it for $3M, similiar to selling a house he built from scratch for $3M.

Source:

http://www.businessinsider.com/even-the-laziest-pe...

Ed Tamayo · Answer

I have bought dozens of domain names and done work with Internet Search.  A good domain definitely  helps but I think that the business on real estate  investment that most people on Biggerpockets appear to be engaged in will not benefit by paying above the normal price of around $12.00.

Middy Matthews · Answer

What's in your name matters, like name of area, condo, home and things like that.  Shorter is better but not necessary to pay a lot unless you're going to make a money making site, which this is not, it's informational.

Brian W. · Answer

I've never spent more than a hundred on just a domain, and now with the advent of new top level domains I probably never will. You should be able to find something across the world of TLDs (.house would be an example) that suits your needs.

What is the most you ever paid for a domain name?

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