Is this domain name worth $15,000,000 dollars?

[domainking131]

How is a domain’s value calculated?

That’s the million dollar question every savvy domain investor ponders over, at least once a day!

Quite often, it’s not the domain itself that defines its value, but rather, how it’s being used.

In the case of a domain name that paraded itself in social media and television networks, the value is almost $15,000,000 dollars.

How so?

In last week’s Tonight with John Oliver, the TV show host shared how he legally formed a debt collecting agency, and using nothing but a single page lander on a web site, managed to get inquiries regarding the acquisition of debt.

Oliver went ahead and used the company, Central Asset Recovery Professionals, Inc., to buy debt worth $14,922,261.76 dollars for less than 1/2 a cent on the dollar. They ended up spending about $60,000 dollars for the rights to this chunk of debt.

Then, on the show, John Oliver announced that his company is forgiving this medical debt, thus eliminating the financial obligations of nearly 9,000 people associated with it.

Wow.

The domain used, CentralAssetRecoveryProfessionals.com, surely cost a paltry $10 to register but in terms of function value, it represents almost $15 million dollars in our book.


This well written and informative article was published on Domain Gang.
Since this was very interesting, the complete article is shared here!

You may watch the video related to the article in the link above!

 

[sharkantropo]

So It's just sheer speculation, figures. "How's being used" is somewhat accurate, since a domain can be used to anything. And "anything", literally, could worth millions of dollars or two pennies.

About the debt buy, wow, just wow. Oliver paid way less for the debt's rights, a debt that was claimed for his own company. lol

 

[GraceB]

About the debt buy, wow, just wow. Oliver paid way less for the debt's rights, a debt that was claimed for his own company. lol

That's kinda how buying debt works; the original company knew that people wouldn't be able to pay them back anyway, so they'd rather take that $60,000 than have nothing - or even spend money trying to get money from people who don't have it.

That said the article is not incorrect per se, but this is pretty much like saying that not spending X amount means that you've saved X amount. That's not how it all really works.