The domain name creditcard.net.au has set a new sales record in the Australian market for a .net.au domain name, selling for $AU18,200 in a private trade. Domain consulting and SEO outfit Pacific Octane originally owned the domain, securing it September 2010 for $15,001.00, which was at the time the highest price for a domain. …
Eighteen grand for that?! It's not even a TLD.
It never fails to surprise me how people think that generic product name featuring domain names such as this are worthwhile investments. If you want a good laugh, take a look at the appropriate section on fleabay and you'll find dozens of wannabe domain name speculators, offering for sale similarly pathetically crappy domains along the lines of "getcheapbankloan4you.info" or "buycheapibargainphoneinfo.biz", as if they're a great business investment.
'Any fule kno' that the best domain names are short and easy to remember and don't necessarily have to make too much sense. cf. Flickr, Tumblr, Twitter, Youtube, Google etc. The day a website gets internationally successful, using one of these idiotic generic phrases on an obscure registry is the day I visit "superbargainonlinehatshop4u.biz and order myself a hat to eat.
@madraUnfortunately it's not that straightforward. A lot of these domains have value in that the domain name contains a search term e.g. cheapiphone4u.com ("cheap iphone"), Google will take into account the domain name when it works out the rankings for a website. So in theory cheapiphone4u.com may rank more highly than a site with a random name that sells cheap iphones, and therefore generate more traffic and therefore potentially more sales (although backlinks and other stuff also have a big bearing on this too).
So one domain name speculator sold a domain to another domain name speculator for a more outrageous price.
Sounds like a tulip bubble waiting to happen with some of these domains.
The trick with these things is to get in early.
And get out fast.
Did he used to be a Real Estate agent?
He's talking up the market as if he was.