Another geo domain, Israel.com has been sold for $5.88 million to an unidentified buyer by its previous owner, Joel Noel Friedman, a 46-year-old Jewish American who bought the domain name originally in the year 1994.
The domain auction was managed by one of the leading domain name registrars, Moniker.com.
The new domain name owner has apparently parked the domain with SmartName.com hoping for some quick ROI (return on investment) through click monetization considering the interest the domain is currently generating in the cyber world owing to the publicity of its high profile sale.
This domain name sale is yet another example of how the business of domaining is on a roll with the booming virtual real estate market. A few prominent sales reported earlier this year include the $10 million sale of Fund.com, $2.6 million for Pizza.com and $1.7 million for DataRecovery.com
Also, another premium domain name America.com is up for sale and is expected to fetch record price.
Can people really make that much money on a site?
@anunakhli – It was the domain alone that sold for that much, buddy.
Israel’s population stands at 7,282,000 according to the latest official figures. Just imagine the kind of traffic this domain is going to attract if every Israeli were to visit the site just once a year. The new owner would get almost 20,000 unique visitors every day! Now, if the site has nothing but a parked page with ads and every click making a measly $0.1, he would earn a majestic $2000 every day! With the site earning that amount daily, he’d get his investment back within 8 years and still own the domain!
Incidentally, premium domain names, specially one word .com’s, are rare commodity and there are enough buyers out there with millions waiting to be invested in the right opportunity.
So, if you have any premium domain with you, it is a gold mine!
Very interesting.
[...] this year, premium domain names have been sold for top dollars. These domain names include like Israel.com ($5.88 Million) and America.com (unverified amount). Other generic domain names related to Date [...]
[...] this year, premium domain names have been sold for top dollars. These domain names include like Israel.com ($5.88 Million) and America.com (unverified amount). Other generic domain names related to Date [...]