$30k for a Domain Name? “It Was the Best Money I’ve Ever Spent. Ever. Ever.”
Looking to convince someone to spend 5 figures on a domain name, but they are reluctant to make the plunge? Perhaps it would behove you to share this video of Scott Voigt discussing his company’s branding pivot from HomeBase.io to Full Story. In this tweet shared by Peter Askew, Scott Voigt discusses just how much his company benefitted from spending $30,000 to buy the FullStory.com domain name.
“It was the best money I’ve ever spent… EVER” @scott_voigt speaking to @davidcummings on his acquisition of https://t.co/sg7uBWbdLo domain name a few years back. “It lent a level of credibility, to be honest”https://t.co/dT20Ay4BcA
— Peter Askew (@searchbound) June 5, 2018
It’s no surprise really, but when some people are contemplating a major domain name acquisition, they tend to focus on the cost. Good domain names are very expensive (the reason is explained very well on Michael Cyger’s HowMuchIsADomainNameWorth.com website). Scott Voigt’s emphatic answer to the question about spending $30k for a domain name shows how much value the right domain name brought to his business.
Perhaps the next time you have a reluctant buyer, you can share this interview with Scott to help someone see how much value the domain name could bring to their business.
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About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has sold seven figures worth of domain names in the last five years. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest.Reach out to Elliot: Twitter | Google + | Facebook | Email
John
Thanks for posting this, and I never even knew about the Cyger site which I’m looking forward to checking out. Personally I keep a “file” of sorts on the “value of” domain names. I’ve never met the man, but I consider him to be a “Hall of Fame” domainer for his contributions and work which I enjoyed so much.
John
LOL: “I had my fake gmail account…” (17:09). Yes, a lesson to us all when those inquiries come in. 😀
John
The namebio top 100 list linked to from the Cyger article sure needs updating to reflect how two of the three top known sales were two word .coms (not counting lasvegas.com):
Insurance.com $35.6 million 2010
VacationRentals.com $35 million 2007
PrivateJet.com $30.18 million 2012