Business Magazine

Covfefe.com Would You Have Taken $15,000?

Posted on the 13 July 2017 by Worldwide @thedomains

I have written before about striking while the iron is hot on pop culture and political domain names.

Back in April we detailed the Shane Burchett the owner of TrumpPence2016.com, you can read the full story here, but the gist of the story is the registrant thought he could possibly see six figures for the name and currently still owns it.  It’s 2017 no one cares anymore, the election is over.

Fast forward to Covfefe.com, when the auction was listed on Flippa, I had a chat with another domainer about one curious note in the description. $15,000 USD offer: http://imgur.com/a/iLqFb

Take the $15,000 or don’t mention it, right away it let’s a lot of perspective buyers know you want a lot, maybe some people would have bid higher than the $4,550 where it closed. Those people probably did not participate knowing their $8,000 would not be accepted.

The other problem was the owner is running a business on another covfefe name CovfefePrints.com is where Covfefe.com points to, the owner in my opinion should have pointed it to the Flippa auction. One commenter was spot on:

I’d say it will keep getting traffic maybe less than now but I would have bid if they included the other website as a package. Seems like they took the most traffic to that one and I can’t come up with better business plan than they already have in place which makes them my competitor but I would buy the domain from them. I mean its weird for me I guess.

Covfefe.com

So now a lot of potential bidders see the seller as future competition if they go the funny tees and mugs route. There are not many vehicles for this name, and there will be another funny/unfortunate tweet that goes viral and people will forget about covfefe.

The name is trending down:

Covfefe

Was taking the $15,000 the smart move? In my opinion yes, but the buyer should still do ok as it was a handreg, the ROI should still be pretty high.


You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • Healthy Cauliflower Pizza!

    Healthy Cauliflower Pizza!

    ‘Can pizza ever be healthy?‘, you may be wondering, as I also did once upon a time. But being a normal human being, I absolutely adore the occasional pleasure o... Read more

    The 22 July 2017 by   Fitnessontoast
    DIET & WEIGHT, FASHION, FITNESS, HEALTH, HEALTHY LIVING, LIFE COACH, LIFESTYLE
  • How Utilities Are Trying to Slow Down Rooftop Solar

    Utilities Trying Slow Down Rooftop Solar

    GR: Utility companies don’t want you to save money by adopting solar power. Utilities that should earn their public status by working for the common good,... Read more

    The 22 July 2017 by   Garry Rogers
    ANIMALS & WILDLIFE, BOOKS, ENVIRONMENT
  • 8 Leadership Lapses Every Business Owner Must Avoid

    Leadership Lapses Every Business Owner Must Avoid

    Even entrepreneurs who have built many startups, or sold their last one for millions of dollars, know they make occasional people leadership mistakes. Read more

    The 22 July 2017 by   Martin Zwilling
    BUSINESS, CAREER
  • What is the Underlying Cause of Addiction?

    What Underlying Cause Addiction?

    Hello everyone. I hope all is well with you and that you’re having an awesome summer. We’ve had a couple of weeks of hot, sticky weather and it’s the type of... Read more

    The 22 July 2017 by   Lisaorchard
    LIFESTYLE
  • Massive Cards

    Massive Cards

    This last year I had less and less time to draw as my research project advanced. It’s sad, but I always knew that it would be difficult to combine science and... Read more

    The 22 July 2017 by   Matteofarinella
    COMIC BOOKS, ENTERTAINMENT
  • Photo Favourite 39 - Swimwear Edition

    Photo Favourite Swimwear Edition

    Summer is often a hard time for plus size people, and swimwear is often a big part of that anxiety. Here i have 13 gorgeous ladies showing you that no matter... Read more

    The 22 July 2017 by   Boo_brown
    FASHION, LIFESTYLE
  • Odeon: The Gallery

    Odeon: Gallery

    I did this at the Metrocentre cinema for Dunkirk in IMAX.Cool Tables! The staff are fantastic in the bar area and you are given a number with the screen you... Read more

    The 22 July 2017 by   Caz
    ENTERTAINMENT, MOVIES

Magazines