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mp3shop.com sells for $22,000

Discussion in 'Domain Names' started by TheSecretNetwork, May 27, 2007.

  1. #1
    mp3shop.com ...and guess what, i bought it! lol..

    do you think its worth it?
     
    TheSecretNetwork, May 27, 2007 IP
  2. qwestcommunications

    qwestcommunications Peon

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    #2
    It will be worth it if you can at least recuperate the amount you paid.
     
    qwestcommunications, May 27, 2007 IP
  3. Liberation

    Liberation Peon

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    #3
    If you make revenue, and make a profit, then yes it would be worth it. Good luck on that project, hope it goes well for you.
     
    Liberation, May 27, 2007 IP
  4. TheSecretNetwork

    TheSecretNetwork Peon

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    #4
    thank you, yes i will be doing a massive project with it! :D
     
    TheSecretNetwork, May 27, 2007 IP
  5. 8everything

    8everything Peon

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    #5
    Wow... that's one pricey site! How much do they make monthly? I'm not familiar with the site so I'm not sure if it was a good or bad investment :p
     
    8everything, May 27, 2007 IP
  6. TheSecretNetwork

    TheSecretNetwork Peon

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    #6
    ^^^ that was just for the domain name! lol not the site!
     
    TheSecretNetwork, May 27, 2007 IP
  7. qwestcommunications

    qwestcommunications Peon

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    #7
    Some domains can be very expensive. It just depends how much value people put on it. I can forsee an MP 3 online retialer that can developed using this domain.
     
    qwestcommunications, May 27, 2007 IP
  8. Computerized

    Computerized Well-Known Member

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    #8
    $22k is quite a lot for a domain name, but I'm sure that if you develop the site well enough you'll be making a lot more. :)
     
    Computerized, May 27, 2007 IP
  9. ly2

    ly2 Peon

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    #9
    $22,000 for that domain seems to be very high.
    I think the bubble is going to be bursting very, very soon lol
     
    ly2, May 27, 2007 IP
  10. checksum

    checksum Guest

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    #10
    Goodluck with your investment. :)
     
    checksum, May 27, 2007 IP
  11. 8everything

    8everything Peon

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    #11
    :eek:.... and I guess the mp3 shop keyword is popular... do you plan on competing against itunes and napster?
     
    8everything, May 27, 2007 IP
  12. Vadym

    Vadym Peon

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    #12
    That domain name for 22K? Sounds a little wasteful.

    I personally wouldn't have given more than 5 for it.
     
    Vadym, May 27, 2007 IP
  13. Bozdemir

    Bozdemir Peon

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    #13
    Maybe if you know how to use it :)
     
    Bozdemir, May 27, 2007 IP
  14. grimsqueaker

    grimsqueaker Peon

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    #14
    It's only worth as much as you can earn back from it .. if you can't build a site and market it well, there's no point to your investment.

    Unless you can see it again for more than 22k. :) Was it developed when you bought it? I'd never heard of it before.
     
    grimsqueaker, May 27, 2007 IP
  15. tkilgore

    tkilgore Well-Known Member

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    #15
    First .. nice name.. as far as price ..

    Here is what I came up with ESTIMATE ONLY:

    Private Party Buyer = $4,200.00
    Retail Business Owner = $3,360.00
    Wholesale To Webmaster = $2,100.00
    Below Wholesale To Webmaster = $840.00

    Now..... with that being said .. is does not mean that you wont make a ton.

    My guess is... -affiliate- stuff a lone will get your funds back and more.

    Again the prices above were not meant as a price in stone ...just hard to calculate the HUMAN factor .. and what a person will pay. So far that IS the biggest grey area in general with names.

    Tk .. :)
     
    tkilgore, May 27, 2007 IP
  16. Vadym

    Vadym Peon

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    #16
    It's PR0, to boot.
     
    Vadym, May 27, 2007 IP
  17. uttoransen

    uttoransen Notable Member

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    #17
    the price is too much! i did not find any reason for this huge price, actually!
    google cache shows the domain was part of a chinese website that has nothing to do with mp3! that site was also having popups!!

    it is a pr0 domain!

    with that price you could have bought a well working pr6+ webdirectory, that could have given you lot's of money every month!

    anyways, it's your money, and i hope you earn your money back from that site!:rolleyes:
     
    uttoransen, May 27, 2007 IP
  18. TheSecretNetwork

    TheSecretNetwork Peon

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    #18
    i will not be competing, but will be doing the same kind of site with a diffrence that hasnt been done before, as far as the domain, i know i paid a little over i should have but i wanted that particular domain name and the earning potential in my position is huge... i know many record label bosses and famous artists... ;)
     
    TheSecretNetwork, Jun 3, 2007 IP
  19. -Abhishek-

    -Abhishek- Regaining my Momentum!

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    #19
    It's quite funny seeing people chime in the thread with absolutely no knowledge on domaining! It's great seeing your enthusiasm towards the domain.

    I like the domain and feel it is a good sale. It is a .com of a very good keyword and a very brandable name.

    I'd suggest as a backup you apply for a premium domain certification and keep it with you.

    Regarding the project, I'd suggest something better than Itunes (IMHO, of course), go for something like BeatPort. It's more cooler and you can rank for mp3 shop easily (something they all are targetting) ;)

    Keep that enthusiasm and go for it but remember a good strategy is the key!

    Best if luck!
     
    -Abhishek-, Jun 3, 2007 IP
  20. TheSecretNetwork

    TheSecretNetwork Peon

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    #20
    Thank you for your comments, i already make 5 figures GBP per year in physical record sales and mp3 is a natural way forward and yes... your points are valid :)
     
    TheSecretNetwork, Jun 3, 2007 IP