Daily Poll: Geographic.com Auction Result? | DomainInvesting.com
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Daily Poll: Geographic.com Auction Result?

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I was the winning bidder on the Geographic.com expiry auction on NameJet yesterday afternoon. There were 122 bids from 84 bidders, and the purchase price was $17,710.  Ordinarily, I do not share the price I paid for a domain name, but since this one was a public auction, the price will be publicly reported anyway.

I like Geographic.com because there are many uses for the domain name. There are likely hundreds of companies and websites (or more) around the world that use the descriptive “Geographic” term in their name. I can also see that there are thousands of registered domain names with “Geographic” in them, and it looks like nearly 100 “Geographic” domain names with different extensions are registered (like Geographic.Farm and Geographic.Media).

Do you think I got a good deal, paid market value, or overpaid to buy the domain name?



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.


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Comments (16)

    JZ

    Surprised TomTom let it expire. I’d say its a decent deal to hold for an end user. A pretty pricey purchase but if you can afford it, its worth it.

    April 30th, 2018 at 10:13 am

    Darryl Lopes

    I came from Twitter. Saw the name and guessed $17K. Before the page loaded. Market value for that name. I could see resell value at $38 – 44K.

    April 30th, 2018 at 10:50 am

    RaTHeaD

    well… according to my pricing model algorithm the correct price is $16,940.
    so you overpaid… but not by much. if you are willing to wait for 19 days you should be able to sell it for more.

    April 30th, 2018 at 1:08 pm

    Jonathan

    Godd on you That Is A Good buy:
    Erik Bergman Explains Why He Spent $900,000 for Great.com
    dnjournaldotcom/cover/2018/april-may.htm

    April 30th, 2018 at 1:47 pm

    Braden Pollock

    I don’t see you getting 10x on this name but it’s a solid buy nonetheless. You should 3x-5x, IMO.

    April 30th, 2018 at 4:33 pm

    Mark Thorpe

    Good domain, but it’s not worth what it used to be.
    Probably only 1 company that would pay you what you want for the domain.

    April 30th, 2018 at 5:43 pm

      Elliot Silver

      There are a few in the GIS space and lots of money backing them.

      In reply to Mark Thorpe | April 30th, 2018 at 5:48 pm

      Mark Thorpe

      I meant the obvious company. The one that people recognize and use.

      In reply to Elliot Silver | April 30th, 2018 at 6:16 pm

      Elliot Silver

      I don’t think they are a likely prospect for it. They have their branding already. I guess we will see.

      In reply to Mark Thorpe | April 30th, 2018 at 6:22 pm

    DVentures

    While GIS Companies seem ideal for this name, I would also be on the look out for potential interest from Augmented Reality/VR/Mixed Reality Companies, especially game/themes with location based realities like Pokeman Go etc

    April 30th, 2018 at 10:13 pm

    David/Silentptnr

    Good domain to throw into your vault.

    I voted that you over paid. The market right now is soft and deals are out there. I looked at dictionary word .com domain sales from this year on Namebio and found prices on pretty good domains to be mostly below 10k. Here’s what I mean..

    intake.com 12,230 USD 2018-04-26 Sedo
    genomes.com 4,300 USD 2018-04-24 NameJet
    eagerly.com 9,400 USD 2018-04-20 NameJet
    striving.com 8,100 USD 2018-04-17 NameJet
    leakage.com 4,150 USD 2018-04-17 DropCatch
    medicates.com 2,050 USD 2018-04-16 Flippa
    shuts.com 870 USD 2018-04-16 DropCatch
    exporting.com 8,000 USD 2018-04-11 GoDaddy
    uniformity.com 9,495 USD 2018-04-10 Sedo
    togetherness.com 7,392 USD 2018-04-09 Sedo
    bunions.com 14,351 USD 2018-04-06 GoDaddy
    bicycled.com 749 USD 2018-04-06 Flippa
    devote.com 9,000 USD 2018-04-04 Sedo
    surrounds.com 500 USD 2018-04-04 NameJet
    experiencing.com 2,200 USD 2018-04-03 Sedo
    communism.com 10,099 USD 2018-03-31 Sedo
    physicists.com 3,200 USD 2018-03-29 NameJet

    Still, it is a solid domain. Congrats on the acquisition and best of luck with it! I hope it sells for much more than you paid for it.

    April 30th, 2018 at 10:18 pm

      Elliot Silver

      I appreciate the thorough comment. I don’t agree about the soft market assessment though. Most of the names on that list are tough to use commercially (IMO). Only two or maybe three of those names really jump out at me as good buys:

      Intake.com and Devote.com are two names I totally missed and likely would have been willing to pay more than the sale price (although the buyers may have been willing to pay more, too). Genomes.com was a solid deal, but the plural (Genomes.com instead of Genome.com) threw me off a bit.

      I am seeing a much more competitive market right now, especially when other domain investors are involved. It is harder to get good quality inventory these days. That said, I don’t know if the end user market is growing as rapidly.

      In reply to David/Silentptnr | May 1st, 2018 at 7:12 am

    ss

    perfect name for many applications

    ditto AR/VR suggestion

    reminds me of episodic.com, acquired by google

    learn to code by developing it

    May 1st, 2018 at 2:17 am

    Lori Anne Wardi

    Great acquisition! Good luck with it Elliot!

    May 15th, 2018 at 11:19 am

    Jeff

    Solid acquisition.

    Not to be contrarian but I could see NGeo taking an interest, especially in their adventure travel division. Maybe you can hit them with a 1-2 punch given your other nice name in the space. 😉

    It will find a home.

    Happy adventuring!

    May 15th, 2018 at 1:59 pm

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