I received a press release this afternoon from a Pennsylvania company called Millennium Surgical announcing its acquisition of the descriptive domain name, SurgicalInstruments.com. According to a recent domain sales report on DNN, the company paid $10,000 for the domain name using Sedo.
This is a very wise acquisition for the company since its business is surgical instruments. Much like the Melville Candy Company paid millions of dollars to own the descriptive domain name for its business (Candy.com), Millennium now owns the best domain name for its market.
According to the Google Adwords Keyword Tool, the exact match search numbers for the term “surgical instruments” is 18,100 globally. The exact match for the company name, “millennium surgical” is just 91. This is a case where the descriptive domain name is far more recognizable than the brand of the company that acquired the domain name.
In addition to the recognition, one advantage of owning this descriptive domain name is the added SEO value of the exact match domain name. The company now appears to be forwarding millenniumsurgical.com to its new domain name.
Nice sale, but in my opinion that name is worth ten times as much. Medical technology is just exploding and I have hand registered some great names, that will have huge potential in the future.
These are the types of the domains that are worth $10K. My brother worked for a hospital supply company for 9 years. There is big money invested in the such a field. I also worked in the military as a medical technician in the 90’s. The surgical instruments are expensive.
A great sale for a stellar domain well worth the investment. It’s a top domain in a long-term industry with major demand. That’s great to hear a company make a wise decision. Thanks for the news.
Possibly a demand media holding according to old whois info.
Dean’s correct. Easily worth 100k. Rick would have gotten at least 250k for it (or held it until he did).
Buyer got a steal of a deal.