After 7 hours of extended bidding on NameJet.com, the auction for the domain name GovermentGrants.com finally ended with a sales price of $53,022.
Yes its a typo.
The correctly spelled domain, governmentgrants.com has some nice traffic, with compete.com showing over 30K monthly visitors and Alexa gives it a rank of 555K.
The ownership of GovernmentGrants.com is under Moniker privacy.
The typo that sold today has an Alexa rank of 5.5M.
According to WordTracker.com there is about 10% of the search volume for the typo as for the correct term.
So if GovermentGrants.com sold for $53K is GovernmentGrants.com worth in excess of $500K?
Yes its kind of unfortunate to see the highest selling domain on my NameJet.com board for 2010 to be a typo.
Its also the highest domain sale on my NameJet.com board since the mid-February auction of Historia.com (sold for $40K).
A few other “Government” typo domains sold today:
USGoverment.com $4,950
GovermentGrant.com $3,950
GovermentAuction.com $2,750
GovermentAuctions.com $2,500
The correctly spelled domains of FloridaGovernment.com and CaliforniaGovernment.com also sold today for only around $2K each.
Since all of these domains appeared to drop on the same day, it looks like one domain holder just let $65K in domains just drop.
Ouch.
In a non-government domain sale today, ComputerUpgrade.com went for just $3,773 on NameJet
I guess alot of people would be happy to get this amount for their correctly spelled generics.
Me too
Hi this domain gets even 100 visitors per day, then this is a win win deal, and guy most likely will recover his money. Why because I said so. (only if he gets 100 us visitors per day)
Congrats
Is it true if yes then a lot of people would be happy to get this amount for their correctly spelled generics.
The Gov will be cutting all their grant programs soon. Hope the buyer heard that news.
Looking at the Whois record, it seems the sale of historia.com didn’t go through.
i smell another “nelson brandy” lurking around
Here’s more on the former owner.
http://www.keytlaw.com/urls/zuccarini.htm
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That’s why learning how to spell is so important, or, at the very least, checking one’s spelling before plunking down that kind of money. It takes 30 seconds to highlight a domain name and paste into Google for a spell check.
As an English teacher (in my other life), I will use this as an example of how ignorance and impulsiveness can result in bad business decisions and major money losses.
I would not be at all surprised if this sale fell apart.
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I doubt they will close
I find it very difficult to believe this what purposely bought as a typo and would be amazed if this transaction goes through. While I am used to seeing typos the missing “n” eluded me when looking at the domain headlines for this domain sale.
Not saying that IDNs are bad but us English speaking people are probably buying IDNs every day that are spelled wrong or not quite what we think it means. I’m guessing the same thing happened here
I know the bidder Id on NameJet that won the auction.
The domain will close.
Looks like JB is right (as usual) http://www.calejl.com/forum/viewtopic.php?f=60&t=525
“The Court also finds that it is appropriate to appoint a receiver, to which the domain names can be transferred. See Kronenberger Decl. ¶ 29. DS Holdings has shown that, “considering the interests of both the judgment creditor and the judgment debtor, the appointment of a receiver appointment of a receiver is a reasonable method to obtain the fair and orderly satisfaction of the judgment.” California Code of Civil Procedure § 708.620. Accordingly, the Court GRANTS DS Holdings’ request to appoint Michael W. Blacksburg as receiver.”
Which blog am I reading? Am I on DomainGang? Are you joking?
Did you notice on Big Ticket Domains,
Heroine.com – $100k
but they’re promoting it as, “Developed Drug Rehab Site!”
That made me chuckle. It isn’t like “heroine” – the female hero of a novel or play – wouldn’t make for a great site. Did they have to make it about heroin?
Quote – “I doubt they will close”
You are mistaken. I’m sure they have enough equity to pay for the domain.
If a major domainer owned this domain, he would want
$ 50K – $ 100K for it.
If I offered it to one of the major domainers, they would offer me $ 500. 🙂
Once again, Namejet and Netsol are smiling all of the way to the bank.
Where can a firm sell something that cost $ 7. * the month before
for $ 53K?
(* renewal fee which would be refunded if dropped)
The new owner generally parks his domains. But, this domain would pay
for itself within a short period of time but not thru parked.com .
Google will ignore that it is a typo if the domain was developed.
If you like the basic domain, GovermentGrants.biz is available.
This was a great deal for the potential traffic and earnings, it probably gets 10% + of the type-ins the other one with the “n” does. If the regular one gets 750 type-ins a day then this would get 75 or so, if the other gets 1200 a day this would get 120 visitors, etc. It could be even more as the non “n” version is a very common spelling.
If the click through rate is close to 100% and the clicks are just .50 each it would earn mid $xx per day which would just be a few years revenue paid for it when all is said and done. With an affiliate grant program even more money could be made. I think this was a smart purchase on a traffic type-in for a quite valuable niche. Congrats to the buyer!
And if he tried to sell them privatley he would have got a fraction of that price. Everyone is a sucker for a drop auction. It’s like a last chance sale
JP
of course to make an auction you need at least two “suckers”.
Always fun to hear the comments from the peanut gallery and small time domainers who can’t afford the big traffic names that are actually worth alot of money.
I would have paid twice that for the name if it gets good traffic
“Not saying that IDNs are bad but us English speaking people are probably buying IDNs every day…”
Being a speaker of English, surely you mean “we” are probably buying IDNs every day (i.e., not “us”).
These “Gems” are all available to register. HURRY!!!!
EffectiveGoverment.com
IntelligentGoverment.com
GovermentTypo.com
GovermentWorks.com
Chip
Intelligent Government talk about an oxymoron
Sorry, I was trying to be ironic as “Government” was mispelled in the domains I provided.