The domain name Cabs.com just sold on Sedo for $50,000
The domain name was owned by Enterprise Solutions Holdings Inc, of Alpharetta Georgia
The new owner is William Berry of London, England which he acquired in 2013 from Softbrands who seemed to acquire the domain in 2004.
The domain name was first registered on September 05, 1995.
Sounds like a hell of a buy.
Congrats
another transportation service like uber ?
As much as I despise those cab pirates, Uber and Lyft are making millions.
Honestly Mike, do you think this sold cheap? cabs.com is a very nice name.
Kevin
I think it sold ridiculously cheap
Honestly I can only assume that the owner doesn’t know much about the domain aftermarket or what the domain was worth.
Someone left a Brinks truck on the negotiation table.
Indeed, quite of a steal considering these past two sales:
2007 and 2008 numbers don’t mean anything anymore. If the numbers aren’t current within a couple years than they are useless.
Cabs.net is for sale for $3,500. Using the 10% rule that put the value of Cabs.com at $35,000. Considering one taxi medallion costs upwards of a couple hundred grand for a good one than it seems cheap.
Where did this 10% “rule” come from?
A study of actual sale pairs across TLDs was published at IDNX.com, and it shows .NET values at 25% of .COM.
But even that is merely an average. Actual sales phenomena are quite wide-ranging.
If there were a .COM-to-.NET conversion rule, then it would involve a factor of 4 not a factor of 10. But there is no such rule — only an average tendency of sales that pop up all over the place.
The last thing the domain market needs is bogus “rules” imposing price ceilings on assets.
People reference this “10% rule” when comparing .com and .net values all the time. Many in this industry have said this including Schwartz, Dicker, Berkens and countless others. Alleman wrote a post about it a few years ago also so I am not the only one that has mentioned it. There are way to many factors that go into play to determine values so this so called “rule” is BS but I mentioned it here as a fun add on.
Domain Name Wire post from 2010 “Is a .Net Worth 10% of .Com?” link below.
http://domainnamewire.com/2010/07/12/is-a-net-worth-10-of-com/
Thanks, Todd.
I didn’t mean to single you out for criticism. It’s the thumb rule itself that I’m criticizing.
Evidently some knowledgeable and experienced domainers have thrown that 10% rule around. Even so, from the evidence I can see, they’re all mistaken. That IDNX study was pretty thorough and contradicts the 10% number.
No point repeating information that comes from gut reactions and intuition after a statistical survey has supplanted that incorrect guesswork. If people need a rule, let them have a 25% rule.
However, the only rules that will hold up under scrutiny are of the following form:
.NET value between 20% and 30% of .COM value in X% of cases
.NET value between 10% and 40% of .COM value in Y% of cases
.NET value between 5% and 50% of .COM value in Z% of cases
If a rule is stated in any other form than that, then you can be 100% sure it’s largely meaningless and totally unscientific.
A domain for sale v a domain actually selling is two different things. 10-20 mins looking around on dnjournal or dnpric.es will blow the “10% rule” or any “rule” out of the water. I’m with Joseph on this.
That’s quite a cheap grab IMO, someone just found a diamond in the rough.
It could have very easily sold for around $200,000+ if the seller had any knowledge of the domain industry.
But who knows, he might have needed some quick cash!
The sold seems to be very cheap since cabs.com being a very nice domain.
Cabs.com sold way too cheap. A domain of this caliber can rescue the taxi industry. A simple app, better service, quicker response time, accountability and a feedback system can change the game for cabs. Cabs.com is worth 5-10 times more than its sale price. It’s shocking to see such a descriptive domain name sell so cheap.
Last year alone, 175 million cab rides were completed in NYC. Imagine the amount of money this domain can bring in. We know of NYC cab website that claims to generate low to mid 6 figures in earnings per year through bookings. All they do is write content like this domain website. Their domain name is a long-tailed and couldn’t remotely compare to this Cabs.com domain name. Cab drivers go there to comment. Cab rentals are available there. Taxis and cabs are a huge industry in NYC.
@Acro,
The two companies are making millions at the expense of the drivers. No managing a fleet of cars. Just a support team to keep track of accounts and a pay system to collect and make weekly payments. We see Uber making millions in revenue, but the drivers receive 80% of that amount. However, the 20% portion falls into the 9 figure range. Needless to say, it’s an interesting industry.
Cabs.com is a stellar domain name. It can rescue the cab and taxi industry. It takes more than an app to manage a core of drivers. Many actions are required and there is great risk involved. You have to understand how this industry operates, or your app will bottom out fast. It is all about competition, which one strategy is to convince drivers to jump ship. If you reduce the competitor’s supply, then they struggle to keep operable.
Is this for real?
Cabs.com sold For just $50K? I think this is a gem and would fetched at least 250k in the open market. I wonder sometimes why such awesome domains do not find the right buyer.
Nirav
Yes its a real sale but it is from a year ago if you notice the date of the story
I think it is less priced.I could go for much high price than $50k.Because it is very fancy name but $50k is not a small amount.Good luck to buyer.