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the difference between a domain and a baseball card, mortgage etc is that a domain represents both intellectual "property" but more significantly brand. So you don't value a domain in the same way that you value a baseball card or other hard asset. And when a domain is a feature of a premier brand then its value enters the stratosphere. google.com an otherwise mediocre domain. But as the key feature of a brand it is worth millions if not billions. cocacola.com a totally obscure domain with no substantial value outside of the brand that preceded even the Internet makes the domain enormously valuable (and they redirect the domain to an even less ineherently valuable coca-cola.com). "solarenergy.com" regardless of who owns it is part of the zeitgeist of the "solar" brand which at this time in history is worth trillions of dollars. The business leaders that invest heavily in this type of branding understand the power of the brand. "solarenergy" is a term that has enormous buzz surrounding it and is on the lips of people like Obama, the Royal Family of Saudi Arabia and Dubai, the heads of the EU and even the Pope. Not a stretch to say that this is one of the "hottest" and most important business sectors in the world and likely will be for the foreseeable future.
great post!
i do agree with pokerpie in his curiosity of how the negotiation went down ie. "no, 1.45 million just isn't going to get it done, i've received higher offers in the past", i would love to see the trascripts from the exchange!