Telepathy, Inc. Puts Massachusetts.com on the Market with Sedo | DomainInvesting.com

Telepathy, Inc. Puts Massachusetts.com on the Market with Sedo

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SedoSedo broker Dave Evanson has been given another domain name exclusive, as I learned his company is currently brokering Massachusetts.com on behalf of Nat Cohen’s Telepathy, Inc.  A sales price has not been publicized. My best guess is that it will take a mid to high 6 figure offer to close a deal on it, although that’s just a guess.

Nat’s companies own a number of high value domain names (like OceanCity.com and Retirement.com to name just a couple), and it’s not a surprise that he would opt to sell. I personally have found that to maximize the value of a geodomain name, it needs to be developed, and with so many one word descriptive/generic .com names, it would not be feasible to successfully develop them all within one’s lifetime.

With millions of dollars in advertising and marketing spend this past year, I could see the Massachusetts Office of Travel & Tourism upgrading its website from MassVacation.com. There really isn’t a better domain name for them to own, granted it will be an expensive acquisition. I also think it would behoove the state government to acquire this domain name, but I would imagine that would be a difficult acquisition to make in light of the dour economy.

I don’t recall seeing any state .com domain names on the market in quite some time. Just recently, Ryan Colby announced that Sedo had secured the rights to broker Austin.com.

To learn more about the sale of Massachusetts.com, Dave Evanson can be emailed at dave.evanson@sedo.com, and to learn more about Austin.com, you can email Ryan Colby at ryan.colby@sedo.com.


About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has sold seven figures worth of domain names in the last five years. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest.


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Comments (16)

    SL

    Perfect for branding but this one’s interesting with regard to direct nav. How many average Joes know how to spell it correctly?

    January 8th, 2011 at 11:25 am

    Elliot

    @ SL

    If you live in Massachusetts, you’re likely to be able to spell it correctly. I would also imagine it would do very well in search engines, which is where most people get traffic anyway.

    January 8th, 2011 at 11:28 am

    Priv

    Massachusetts, I have to agree, it’s a paine to type. But then, that’s the state name and there’s only one .com so….

    January 8th, 2011 at 11:39 am

    wanna develop

    Well… mass, tennesserdsfdskfjdskfj… -5x to -10x below all other states, because you can’t spell them properly half the time, doesn’t really matter if you live there or not. I know people who live there their whole life and still misspell DAILY.

    January 8th, 2011 at 2:05 pm

    nr

    great name but long and difficult to spell and type. Mass.com would be the absolute best domain for a site about Massachusetts. I live in mass and every website and advertisement up here uses the word mass and not Massachusetts. this should still sell for 6 figures though.

    January 8th, 2011 at 2:14 pm

    Elliot

    “Mass.com would be the absolute best domain for a site about Massachusetts.”

    I don’t agree. Mass means several different things in addition to a shortened version of Massachusetts.

    According to Google’s Keyword tool, Massachusetts is searched more than 6 million times a month, and Massachusets is searched incorrectly just 33,100 times a month. I think people may be overstating the # of typos.

    January 8th, 2011 at 2:18 pm

    Kevin Ohashi

    http://www.google.com/search?hl=en&source=hp&biw=1280&bih=933&q=massachusets

    “Showing results for massachusetts. Search instead for massachusets”

    Not sure how Google deals with typo counting when someone mis-searches and they auto show corrected version. It could be 33.000 opted afterwards to use the incorrect spelling, it may not. Would be interesting to know.

    January 8th, 2011 at 3:49 pm

    LindaM

    Yeah I wouldnt be too bothered about the typo issue on this one. Google is clever, if someone types in something that is close to Massachusetts then G knows what they are looking for and will auto-correct. The person would have to deliberately avoid the auto correct and click the ‘no i really meant Masachussets’ . I agree its a high 6 figure + domain, like any state/big city .com would be.

    January 8th, 2011 at 7:46 pm

    J

    Sedo is the Apple of the domain industry. They always get to broker the best domains. Many elite domain investors have them domains on Sedo.

    The state domain is definitely a powerhouse. Owning mass.com is not better than owning the exact state name. Mass is an entirely different focus. There’s a great deal of notoriety associated with owning a geo state name. The state government would rather use a .gov extension.

    In my opinion, the domain will not sell in the upward 6 figures. Maybe the company will leave the checkbook blank to carve out a deal. IMO, the domain should sell around sell $600K or less.

    January 8th, 2011 at 10:08 pm

    Jason

    This is a revised post. Thanks.

    Sedo is the Apple of the domain industry. They always get to broker the best domains. Many elite domain investors have their top domains on Sedo’s sales platform. 

    The state domain is definitely a powerhouse. Acquiring mass.com is not better than owning the exact state name. Mass is an entirely different focus.

    There’s a great deal of notoriety associated with owning a geo state name. The state government would rather use a .gov extension.

    In my opinion, the domain will not sell in the upward 6 figure range. Maybe the company will leave their checkbook open, enough to carve out a deal. IMO, the domain should sell around sell $600K or less. Great state domain in a popular region. 

    January 8th, 2011 at 10:12 pm

    Michael Carter

    if sale price for this name is in the $500-600k range, what’s fair value for boston.com or capecod.com (much, much better names than massachusetts.com).

    January 9th, 2011 at 9:53 am

    Andrew Rosener

    @Elliot –

    We have been brokering Vermont.com for a couple of months now. Vermont.com is probably the single best state domain there is because the state is so small and most of the cities are not well known – that “Vermont” is really the best brand.

    However, a state like Massachusetts is huge and has many well known cities – in that case it is easier and more profitable to develop a brand like Boston.com or Cambridge.com or CapeCod.com.

    I think Massachusetts.com will be a tough sell in the mid to high 6 figure range. Particularly since it is probably the single hardest state name in the USA to spell.

    Vermont.com is priced at $1.7 million – but that includes a fully operating business which is 16 years old, a fully developed website with over 1,000 indexed pages, thousands of hours of unique content, and $175,000 in annual revenues. Prior to the owner “retiring”, the site was doing $350,000 in annual revenues.

    But, none the less, State.com domains are rare to say the least – and anyone with a good vision and deep pockets could certainly make either of these domains/websites a profitable business.

    January 9th, 2011 at 10:16 am

      Elliot

      @ Andrew

      Best state .com? No way…

      I’d take NewYork.com, Florida.com, Texas.com, or California.com well before I’d consider Vermont.com.

      :)

      January 9th, 2011 at 11:24 am

    Andrew Rosener

    @ Elliot

    Solid point :-)

    I guess what I should have said was “Vermont.com is the only state where a city.com wouldn’t be competing for your traffic.”

    All of the other states you mention would have heavy competition from their city.com counterparts (i.e. Florida.com vs. Miami.com).

    Also, a large state.com is very difficult to monetize. It’s almost too broad. A city.com can be much more easily monetized through local directories, super local marketing & news, etc…

    January 9th, 2011 at 12:01 pm

    Kevin Ohashi

    That seems like a strange argument.

    It’s the best because of the least competition within the state, which is optimizing for an oddly low point of there are no big cities.

    January 9th, 2011 at 12:44 pm

    don

    since long island.com only sold for 300k, my guess is that this will be the top end of the scale for this one….besides the novelty of being a state domain, would much rather have a large city…just dont think their is the upside for revenue that makes sense when you consider its not a super tourist term and would require a lot of content to generate traffic and resell the advertising on..

    January 10th, 2011 at 9:10 am

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