" Most domain names are cheap. Namecheap sells .com domains for about ten bucks a year. Even more expensive domain endings, such as .io, are under fifty bucks. So why did online marketing company Sumo pay $1.5 million to change its domain name from SumoMe.com to Sumo.com in February? Below we’ll take a look at the rationale and what we can learn from high-dollar domain sales like this one. " - Read Full Article
Why Did a Company Spend $ millions on a Domain Name?
" Elon Musk spent $11 million ( 0.1% of Tesla net worth ) to buy Tesla.com "
" Block.One spent $150 million to build its social media platform VOICE, $30 million ( 20% of capital cost) spent on purchasing Voice.com " - TheBlockCrypto
" One Planet Ops spent $3 million ( 7.5% of annual revenue ) to buy California.com ( including 10 other domains)
" Eko Bulgaria spent $1.5 million ( 0.29% of annual revenue ) to buy Eko.com
Eko Bulgaria's revenue grew to 559.2 million in 2018
Mint paid about $8 million to move from MyMint.com to Mint.com.
Mint has $13M in estimated revenue annually
Voice.com - 30,000,000 USD - 2019 - Private
California.com - 3,000,000 USD - 2019 - VIP Brokerage
Eko.com - 1,500,000 USD - 2019 - Uniregistry
Rx.com - 1,000,000 USD - 2019 - Sedo
Next Billion-Dollar Tech Startups 2019 - Read Here
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