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Blogging Site Earned Top Dollar

The newest in journal writing hit the internet a few years ago in a form known as a blog. Until recently this type of written expression was thought to only attract teenagers and techies. However, it has since grown and many people find that sharing their thoughts on such an outlet is not only stress relieving, but entertaining. It is thus no surprise that Cleveland Entrepreneur Tony Colan and partner Ed Harrison announced today the purchase of Blogster for $100,000, confirming the value of a good domain name. Their redesigned site features superior image hosting, a user-friendly interface and pre-designed templates, providing continuity and easy navigation for blogsters.

Blogging is defined as a frequent chronological online publication of personal thoughts and Web links. The benefit of having a domain name like blogster.com is the domain name defines who is on the site. A blogger can go to the site through direct navigation, that is, typing in the word and arriving at the URL without the use of a search engine. Anyone who decides to start a blog, can easily find us without executing an exhaustive search." According to Merriam-Webster.com, the most searched-for definition in 2004 was blog. Blogster.com is a community as well as an online entertainment destination. It features interest-specific blogs, which are called channels. Channels include: Arts & Culture, Entertainment, Fashion and Food & Drink."We were attracted to the name immediately," said Tony Colan, Vice President of Blogster.

The company is convinced that blog writing is not just for teens and tech junkies. They expect the growth of the website will be enormous, therefore they were willing to pay such a high price tag. $100,000 may seem like a lot to pay for a Web site domain, but Colan and Harrison are no amateurs when it comes to the world of Internet business. The two recently sold their successful pay-per-click search Web site, wholesale 411, to Liquidity Services in Washington, D.C., an online liquidator for government surplus. While the duo declined to comment on the terms of the deal, a recent S-1 notice of going public by LSI, put the deal at over $3 Million to start a blog, can easily find us without executing an exhaustive search."