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Originally Posted by ellie  Cool lots to think about here, thanks for all the feedback so far.
Indecently tonight I was listening to a interview from mixenergy.com with the founder of goodreads.com How A Quiet Developer Built Goodreads.com Into Book Community Of 2.6+ Million Members – with Otis Chandler
the founder was talking about how he initially purcahsed the name goodreadz.com with a "z" at the end. He said luckily he was able to buy goodreads.com for a couple of thousand...and he's not sure if it would of done so well with goodreadz.com. He spent thousands of dollars on it, when starting up and he really found it hard to part with money as he was a start-up with not much money, but thankful that he invested in it. It was also suggested to him that a good domain name will give you an extra 30% in succeeding. Don't know how true that is, but I do see the value in a good domain name.
The thing is if I don't buy the domain now and my idea becomes successful than the domain owner will bump up the price even more. However, I think I just really need to brainstorm some more about my name.
The domain as it stands is not worth the amount the domain owner is quoting. The only way it would be successful is if someone marketed it right. However, the name is pretty easy to remember, but still not as short as say a 4 or 5 letter name. |
Glad my interview is helping you think through this decision.
For what it's worth, I've interviewed more entrepreneurs who had to close up because they ran out of money than entrepreneurs who regretted not picking a better domain.