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After
€400,000 Purchase of Viajes.com Amado Martin Benitez Aims
to Become a Major Travel Industry Player With Newly Launched
Site
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You may not have
heard of Barcelona, Spain based domain
investor/developer Amado Martin Benitez before,
but don't be surprised if you start seeing the
33-year-old entrepreneur's name everywhere in
the near future. In 2012 Benitez managed to acquire
one of the world's best Spanish language domain names
- Viajes.com
("Travel" in Spanish) for €400,000
($452,599 at the exchange rate the day this
article was published (Feb. 7, 2015) and even more in
2012). After more than two years of painstaking
development work, Benitez's company has launched a new
site on the premier domain that he is
confident will make him a power in the huge travel
markets serving Spain and Latin America.
That is a tough nut to
crack but this is not Benitez's first rodeo. 16
years of preparation has gone into getting him to
the point he is at today and he has had already
enjoyed a lot of success along the way. "I
started when I was 17 years old, teaching
myself something different every day - going from
programming in .html, working with servers, web design
and, at last, SEO, SEM and online marketing, which is
the area that I chose to specialize in and am
getting very good results from," Benitez told us.
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Amado
Martin Benitez
Viajes.com
Founder
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"I’ve been able to
position websites with terms such as “Free Games”,
“Free online games” or “Juegos" (Spanish
for games), all thanks to good content strategies.
Because of the success of some of my projects, I’ve
also been able to invest in good premium domains in
recent years, such as Viajes.com. Right now we manage
about 7 million unique users each month among
all our sites, and hold about 30 employees.
Benitez
started making significant investments in domain names
almost ten years ago when the market was turning red
hot (2005-2006) and drawing a lot of attention to
how valuable a category defining domain name
was to a business. "I’ve
always been both an investor and a developer, but I
would say I’m more a developer than a seller –
although I did sell Bodas.com
("Weddings" in Spanish) for €240,000,"
Benitez said. "I’ve always tried to invest in generic
.com domains –one or two words max because
they’re easier to remember and never devalue if the
term and industry are important. Viajes.com, for
example, will never devalue because the online travel
business in Spain and Latin America is worth billions
of dollars annually."
Chris
Chena (photo from our 2005 Cover Story
profile of the pioneering South American domain
investor). |
Benitez
said acquiring Viajes.com involved some of the hardest
negotiating he has ever been involved with
because the seller, legendary South American
domain investor Chris Chena (who was
profiled in a 2005 DN
Journal Cover Story) - is a guy who
is fully aware of what great Spanish keyword
domains are worth. Benitez recalled, "Chris had
just sold Juegos.com to Spill Games
for $10 million. I was trying to
negotiate the price of Viajes.com with him for
at least a year and a half. At first he asked
for some insane amounts I would never pay, but
then the global economic crisis hit and
we were able to work things out – plus, I’ve
always been a saver and I had some cash to spend!,"
Benitez laughed.
Amado
added, "Saving
is a very smart thing to do for those who
want to climb. You can’t live on the edge,
because when you do so and an opportunity is
presented to you, you won’t be able to take
it. Knowing when it’s alright to wait and being
patient is the key."
Being
patient will likely come in handy in the hyper
competitive online travel space which is
truly a land of giants. Still, Benitez is going
to war with Viajes.com, confident in his
ability to |
do
battle. "The Internet
has always fascinated me and I am a self-taught
person full of energy and ready to face any
challenge in this area – even where no one
is willing to take a chance. We believe there is
still lots to do and develop in the travel
industry here. We always work to be better
than our competitors not only with our
premium domain, but in making it simpler to
use our products, to offer the best
prices, to create great content, a
smart marketing strategy and for our clients to
trust us and feel they get personalized
attention." |
In
closing Benitez
noted, "The online travel business is growing
globally, and it quite excites me, being a travel
lover myself!" It is pretty obvious to us that
Benitez is a guy who is going places - and at
33, his
story is just beginning.
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