Shopping Is HOT & Companies In the Space Are Selling For Tens Of Millions

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Shopping is hot and companies in the space are being bought up for big bucks

Yesterday it was reported that eBay purchased Milo.com for $75 Million.

Milo.com lists real-time in-store product inventory for over 50,000 stores across the country.

Today the Wall Street Journal is reporting that Amazon.com purchased a minority position in the “number two local deal site LivingSocial.com for $175 million.”

LivingSocial.com also offers deals on shopping, dining and local attractions

LivingSocial claims it makes $1 million per day in revenue.

Of course Google is believed to have made an offer of $5.3 Billion for Groupon.com this week and the deal is close to done.

Also this week the startup RetailMeNot.com was purchased for $87 Million by Whale Shark Media.

Retailmenot.com is another online coupon/shopping site

Its reported that up to 45% of people use Apps while shopping to find the best bargains.

All and all shopping is hot and local shopping is hotter.

We hope to launch malls.com and shoppingmalls.com some time early next year to join the fray.

About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.

Comments

  2. LS Morgan says

    I wonder what domainers would’ve appraised “LivingSocial.com” and “Groupon.com” for, prior to being developed sites.

  6. Scott Alliy says

    Mike,

    We feel that our PriceQuoteDirect and PriceQuotesDirect.com are ripe for consumer shopping development due to the fact that they give consumers control over their purchases of products and services offered by multiple outlets.

    Thats the pull offering we have were people can come and pull stuff off the shelf as in your malls.com

    On the other hand our WeeklySalesFlyers.com and eSalesFlyers.com are ripe for push marketing sites where weekly or daily sales flyers are pushed to consumers who opt in for such alerts.

  7. zoop says

    I find it funny that you mentioned that 45% of people use apps to do online shopping – yet WIRED published an article a few months ago that mentioned the web was dead – never really understood that article and sadly wired has been losing its touch lately.

  8. Andrew Douglas says

    What I want to know is where are all the geo domainers? If Groupon is worth $5-6 billion, how much could the major city.com’s be worth if they were really connecting with their markets the way Groupon has. Google could spend a fraction of what they were offering groupon and buy out the majority of the top 100 geo.com’s in the us. If the .com’s aren’t for sale, then why not Geo.US – perfect for group buying and could be had for an even smaller fraction of the price.

    Oh wait, I’m a geo domainer too… I need to get my butt in gear!

  9. Captain ZOOM says

    “Google could spend a fraction of what they were offering groupon”
    ===

    Google was after the Multi-Level Marketing Structure of PEOPLE

    The AMWAY of the Internet

    The NeXT Frontier