Press perpetuates silly domain prices and negative view of domain investing.
Perhaps it makes for easy filler. But why must the press always quote outlandish starting prices for domain names on eBay?
Whenever there’s a celebrity scandal, big news story, or product launch, it seems that many writers need something to grab onto that has a number in it.
“A seller is auctioning off TigerWoodScandalName.com starting at $1 million…”
“Someone has posted TastelessHaitiEarthquakeName.com on eBay for $100,000…”
The latest example is thanks to the iPad launch, courtesy of CNN Money/Fortune:
The big money, it would seem, is in iPad domain names — Web addresses that will presumably generate a lot of traffic if the device takes off. We counted 312 offerings, many for multiple sites. At least five have a Buy It Now sticker price of $21 million, including ipadsurfs.com and ipadinternetstore.com. There were no takers Sunday for stealtheipad.com ($1 million), ipad-hacks.ca ($3,000) or ghettoipads.com ($1,300). But internetipads.com had at least one bid — $10 from a veteran domain-name trader list as _***b.
No, the big money isn’t in iPad domains. Only the stupid money.
The problem with stories like this is some other idiot reads it and starts registering iPad related domain names with hopes of striking it rich. This makes the average person think that people who buy domain names are still just making money from buying trademarks, not generic domains.
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