While sellers of domains have boasted about turning a domain investment into a Big pay day, buyers also boast of buying a domain name at a bargain – and that’s exactly what the new owner of Fiction.com is doing.
You might think you understand the true value of a domain name, but obviously, you might only be getting a fraction of the price in the eyes of an end user who may think they’re getting a steal even if you happened to pay pennies on the dollar for the domain name.
You can certainly make money flipping domain names to other domain investors, but you might be looking back later and asking yourself, “What was I thinking?” – Especially when the domain name later sells to a company or individual with plans for development.
What would you be willing to pay for Fiction.com if you were a publisher?
Fiction.com, which sold this past week for $90,000 in a Private Sale brokered by Moniker, sat unused for over a decade – going all the way back to 1994.
Now, that’s all changed.
Hillcrest Media, the owners and operators of Published.com (A Free Book Directory) that has been online since 1997, have now acquired Fiction.com – at a price that many in the publishing industry would consider an absolute bargain.
But don’t take our word for it.
The landing page at Fiction.com boasts of the acquisition.
From 1994 until July 9, 2010, Fiction.com, a coveted domain name, was held and never used. We bought Fiction.com on July 9, 2010 in order to turn it into what it should be — the premiere online destination to learn about great fiction, meet authors, discover new fiction books, and buy fiction ebooks.
Fiction.com won’t be a knockoff of other sites. It’s too great of a domain for that. We have many creative ideas for our new site. We’d love to hear from fellow fiction authors, publishers, reviewers, and others. Complete the form below and tell us your thoughts and ideas on how we can make Fiction.com a helpful site for you.