PR.com: Business Directory, Press Releases, Jobs, Products, Services, Articles
 
Businesses Articles Press Releases Follow @PRcom
Press Release Pricing | News by Category | News by Country | News by US Region | Recent News | PR.com News on Your Site
 

Press Releases

 
Arrow Branding & Consulting

Press Release


Receive press releases from Arrow Branding & Consulting: By Email RSS Feeds:

One Word Domain Name Sales Reach Record Levels


Due to outrageous prices being fetched by 1 word domain names, a new market has emerged surrounding 2 and 3 word .com extensions.

Phoenix, AZ, June 11, 2008 --(PR.com)-- In April, pizza.com sold for 2.6 million, not to be outdone by fund.com fetching a record $10 million in May by broker Clek Media. Due to record prices being fetched for these 1 word domain names, a new market is emerging for multiple word extensions.

Industry giants ArrowBranding.com & HugeDomains.com are seeing record sales for their 2 and 3 word domains. Analysts believe that most decent 2 word domains will be gobbled up by the end of the decade.

Clek believes that the nearly $10 million purchase price for fund.com represents the highest price ever paid for an Internet domain. The purchase price tops what the Guinness World Records books report as the highest previous price, the memorable business.com purchase. Ex-Disney executive, Jake Winebaum of eCompanies Ventures, acquired business.com for $7.5 million in 1999, which created some public media controversy at that time for the seemingly high price. However, in July 2007 business.com was sold to yellow pages publisher, RH Donnelly, for $345 million, 47 times the purchase price of the domain.

Business and Wall Street investors continue to assign higher values to internet domains. According to MSNBC, the domain creditcards.com was acquired for $2.75 million all-cash and SEC filings reveal that the $20 billion hedge fund, American Capital Strategies, and Austin Ventures invested $135 million in creditcards.com. Regarding the creditcards.com sale, MSNBC quoted ClickSuccess CEO Dan Smith, “It’s like prime real estate, there’s only so much of this real estate to go around. I feel like we bought a slice of Park Avenue.”

Have a 2 or 3 word domain you've been holding onto? Now may be the time to cash in.

###
Contact Information
Arrow Branding & Consulting
Andrew McLaws
480-969-4333
Contact
www.arrowbranding.com

Click here to view the list of recent Press Releases from Arrow Branding & Consulting
Promote Your Business