Scottsdale, AZ – The domain names industry announced that Domaincracy sold fibr.com for $75,000. While most investors appreciate the value of the name, many do not immediately understand.
Leo Angelo, Domaincracy LLC principal, explains:
“Rather than just a misspelled word, I saw in “fibr” the common denominator of the English spellings fiber, fibre, as well as of fibra, the Romance languages word, i.e., a potential brand recognizable by the vast majority of the western world.
Realizing its broad applicability, we ran ads targeting fiber-related industries – textiles, nutrition, and fiber optics/communications/5g.
The first significant offer came late last year from a North-European textile manufacturer at 20,000 USD.”
Leo doesn’t know who the buyer is:
“Afternic represented the unknown customer, and we used a brokerage service ourselves. The client might be another domain investor ready to take this domain name to the next level. Or, it might be an end-user, and the name is off the market forever.”
Asked whether the Covid-19 pandemic affected their sales, Leo answered:
“The current global crisis has already changed how the traditional business engages its customers, emphasizing, even more, the online experience and transaction. Startups, new services, and products appear every day; they all need a name and an eventual online presence. The appropriate domain name saves the smart business up to several times its cost in marketing costs, amortizing the investment in a short time. We have seen an increase in demand during the past six months. While in the past summer months were slower, this June and July have been increasingly good for us.”
Domaincracy is a domain names dealer rated A+ by the Better Business Bureau. Its portfolio includes names such as DBF.com, Coordination.com, Top.FM, Tire.Shop, Sharp.net, Tek.app, T.LS, and the world’s narrowest domain name, l.tl.
For more information, visit: https://domaincracy.com
Company Name: Domaincracy LLC
Contact Person: Leo Angelo
Phone: 1 (800) 920-2021
Country: United States