16
25 Comments

I Spent $35,000 on a “Typo Domain.” Good or Bad Investment?

A great write up from Damon

submitted this link to Icon for group Domain Names
Domain Names
on March 30, 2023
  1. 2

    I personally would find some other way, but to each their own!

  2. 2

    This is very obvious step to take. My company names is HikeOrders. I won both HikeOrders.com and HikeOrder.com ( plural and singular ) .

    When you go to HikeOrder.com it gets redirected to HikeOrders.com

    1. 1

      Buying the non-plural, well done. Do you measure how much that domain contributes to revenue?

      1. 1

        Actually it was not purchased for revenue purpose. Instead it was purchased to avoid scammers using similar looking domain and cheat my customers in some way.

        I first purchased HikeOrders.com. Then after a week, I decided to purchase HikeOrder.com as well to be on safer side.

        1. 1

          In the end, the domain purchase is really a customer service. It seems very likely people entering that into their browser are really looking for HikeOrders.com, you're saving them time as well.

  3. 1

    Thats totally absurd i bought my business domain for website apkcroc few years ago for only $12 i guess

  4. 1

    really my friend, https://protvapps.com/ , buy this domain for just 8$s.

  5. 1

    Shocked to hear that, my domain name is https://chromewebextensions.com/, buy for 12$, lol

  6. 1

    How do we determine the value of a catchy domain we aren't using but have had for years?

    1. 1

      I also have a few domains I've had for years. Been thinking of selling them or make a landing page for it? Would love to get advice on this as well.

  7. 1

    Hubspot CTO Dharmesh Shah just spent over 10 million on a domain that he isn't sure what he is going to use for. Domains can be an investment. Imagine going back to the 90s, buying 1,000 single-word dot coms, holding them for 20 years, and selling them for millions.

    https://youtu.be/gbDl28Hx9TA?t=2782

    https://domaininvesting.com/chat-com-acquired-for-more-than-10-million/

  8. 1

    Wow, took a big bet but it paid off. Definitely says a lot about always testing and always go with your gut, don't listen to negativity. Congrats!!

  9. 1

    Very interesting, the fact that after spending 35000 dollars which actually seems like a crazy decision turned out to work well for you. I never realised that incorrect domains where actually a huge problem. that's crazy.

  10. 1

    Do you think it makes sense to buy a bunch of sibling urls off the bat if they are cheap? Or would you wait for a clear data-driven decision like in your story? If you could go back earlier and blindly buy this domain would you have?

    1. 1

      yeah thats what i was thinking too. While starting up the business, if someone is serious about it, might just be worth it to buy a bunch of sibling URLs rather than wait. It could just get more expensive later.

  11. 1

    Thank you for sharing this!

  12. 1

    Great story! Seems like the investment was well worth it :)

  13. 1

    Thanks for sharing! I never thought typo domain traffic would be that high.

    1. 1

      these domains even get referral traffic as people often link to wrong domain names

  14. 1

    Wow, it's amazing to see how owning a typo domain can prove to be a highly profitable investment for a startup.

    Perhaps, I should also consider doing something like this for my feedback tool, Korrect

    Thank you once again for sharing such valuable insight 😃

    1. 2

      I don't think it normally would. But if you read closely, someone tweeted a misspelling of his primary domain with a high amount of twitter followers.

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  16. 1

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