Sell for a lot of cash — Cheap domains
Internet Business Group (IBG) has spent more than £1m to purchase a number of “cheap” domains.
Internet Business Group has purchased a number of domains for a total of £1.1m. Two of the domains are cheapholidaydeals.co.uk and cheapaccommodation.com.
The firm is quick to point out that the value behind the domains is the existing traffic, not the actual names. As stated by an article in The Independent, the chairman and chief executive of IBG Maziar Darvish stated, “I agree that in their own right, domain names are worthless.” (I have to disagree there, but hear him out):
He stated that the current sites by now generate hundreds of thousands of pounds worth of advertising revenue and that once IBG replaces the current web sites with its own, it expects usage and revenue to grow rapidly.
Indeed, these domains are nothing to scoff at. Cheapholidaydeals.co.uk is a PR 8 with an Alexa rank of 72,871 and Cheapaccommodation.com is a PR 8 with an Alexa rank of 191,656.
It is unclear whether this purchase happened recently or is just part of a PR campaign. The Whois history at DomainTools.com shows some minor changes of ownership (e.g. contacts) over the past year, but nothing very recent.
