$7.5 million for the business.com domain name: too much?

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$7.5 million for the business.com domain name: too much? (Page 2)

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Author	Topic: $7.5 million for the business.com domain name: too much?
bobcobb	posted 02-09-2000 04:18 PM Or they may want it to keep another major competitor from using it. Not that Bank of America wouldn't, just that they would also mainly have bought it to keep it out of the hands of someone else. (personally I've gotta say thought that i thoroughly hate nationsBank and i don't agree that its a good brand)
MaxPower	posted 02-09-2000 03:11 PM Why would Bank of America need to spends that much on a gimmicky domain name? Both their brand and the NationsBank brand are strong enough as is...It's not like they need a generic name to attract people.
scripter	posted 02-09-2000 10:21 AM > Loans.com just sold for 3 Million... it reportedly sold to a big publicly traded company. Yes, I heard that the buyer was Bank of America. I'm sure they'll put it to good use.
bobcobb	posted 02-08-2000 01:09 PM Here's another article about domain name rates exploding... http://www.mercurycenter.com/svtech/news/breaking/merc/docs/068874.htm
bobcobb	posted 01-31-2000 05:32 PM dude, Loans.com just sold for 3 Million... it reportedly sold to a big publicly traded company. http://www.mercurycenter.com/svtech/news/breaking/merc/docs/024642.htm according to the article taxes.com and cinema.com were both not sold because the bids weren't high enough.
dude	posted 01-25-2000 07:32 PM Update on the most expensive domain names to date: america.com $10m (current bid) business.com $7.5m altavista.com $3.3m loans.com $3m (current bid) autos.com $2.2m celebrities.com $2m (current bid) express.com $2m bingo.com $1.1m taxes.com $1m (current bid) sportinggoods.com $1m (current bid) My opinions: america.com is too expensive. altavista.com should be ignored, because the buyer (Compaq) made the mistake of building the brand before buying the domain, which is why they had to pay so much. autos.com is too expensive (cars.com is much better). sportinggoods.com is too expensive (sports.com is much better). The others might be reasonably priced, provided the buyers can build their businesses around the names.
trentr	posted 01-20-2000 11:00 AM Apparently there is an easy way to verify bidders. At least its easy enough that Millionarie.com is doing it. http://www.usatoday.com/life/cyber/tech/cth159.htm
JHirsch	posted 01-19-2000 01:19 PM An article i meant to post... Its about the domain name ebusiness.com (which is also owned by they guy who sold business.com) Its a month old, but still very applicable to this board: [url]http://www.wired.com/news/business/0,1367,33140,00.html[url]
JHirsch	posted 01-19-2000 01:17 PM good point humanity, This is why sites like mp3.com will probably have to shell out a lot of money the next time the standard changes. Its certainly also true that mp3.com will come to mean online music for a lot of people... well at least mp3.com would like to hope that this happens. If that does happen buying a new domain name wouldn't be as important. MTV isn't really Music Television, ESPN isn't really the Entertainment and Sports Programming Network. Yet they still have kept the same names (and websites) as they have changed their business models. I do certainly see your point, and it will affect quite a few companies.
humanity	posted 01-19-2000 01:06 PM Here's my main problem with generic names and the money spent on them - they are great and essential in the short term, but rather horrible and inflexible for the long term. Take for example MP3.com. Great domain for the time being, as MP3 is a pretty standard and easy way for downloading music. But what about a couple years from now, when the technology will most probably change to another method of downloading? How will MP3.com alter their business plan to incorporate this new technology? If they no longer use MP3 technology, won't they have to change their name and address completely? Imagine a company like Intel being named "computerchips.com" or Cisco being called "56KModems.com", which was basically what started the success of each company. Neither would have been able to move as easily (if at all) to the other types of businesses and services they offer now, the key to their continued success.
bobcobb	posted 01-17-2000 06:14 PM dude Sounds like a good plan to me... When there is a fradulent bid on ebay isn't the whole auction thrown out? or started again with the highest real bid as the opening price? bob
dude	posted 01-12-2000 09:38 AM I don't think it would be terribly difficult for eBay to set up a system to prevent fraudulent bids, which a seller can optionally use. A seller could choose to allow only bidders who meet certain requirements (such as signing a contract promising to pay whatever they bid). A little bit of an administrative hassle, but not too difficult, since it would really only apply to high-ticket items. However, as mrcool pointed out, eBay probably benefits by fraudulent bids pumping up the average selling price, so they're not going to do anything about it unless their users demand it.
mrcool	posted 01-11-2000 12:41 PM > I'm tired or all these fake bids on eBay. When are they ever gonna get a system in place which stops these bids from happening. Probably never. It would be expensive for eBay to do it, and eBay actually benefits from it because they push up the prices for genuine bidders. > Also, its only the domain name that is for sale because some of the writing on the site was copyrighted by some other writers apparently and its not DeJager's to sell. Actually, it's the domain name plus the current traffic (which is being driven mostly by several thousand inbound links). Still probably not worth a million, but I'm sure they'll find a buyer if they're desperate to sell (which they should be).
trentr	posted 01-06-2000 12:05 PM This is a bit off the topic of domain names, but I'm tired or all these fake bids on eBay. When are they ever gonna get a system in place which stops these bids from happening. Daffy, the most recent news I heard said that all of the bids in the million dollar range were fake. Also, its only the domain name that is for sale because some of the writing on the site was copyrighted by some other writers apparently and its not DeJager's to sell. The site is now going to be auctioned off at GreatDomains.com http://www.internetnews.com/bus-news/article/0,1087,3_275701,00.html
daffy	posted 01-05-2000 10:11 AM As it turns out, all the top bids turned out to be fraudulent. The top bid which is still thought to be genuine is $2 million.

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