Why are .COM’s so valuable?
There are many domain extensions available in todays market. Whether is is by country, or other unique names, it seems that new ones come out every year. But if you’re actively engaged in the domain market, you know that normal .COM’s are the most valuable.
Why?
Now this is very a good question. What is it about the extension .COM that makes it so special, that sets it apart?
1. The abbreviation (COM) stands for commercial. Most sites these days focus on making money and/or selling a product.
2. One of the oldest top level domains (TLDs), established back in January 1985.
3. Widely used; the internet audience is most familiar with this domain extension.
4. It is expected; when people have heard of a certain company on the radio, television, or another source of communication, they expect to be able to type in that name in their browser, add .COM at the end, and be directed to the site they were intending to find.
5. The majority of .COM extension domain names are gone. To have a good would mean one of either four things: you’ve had it for a while, you’ve payed a hefty price to get it, you got it when it dropped, you got extremely lucky and found one that wasn’t already taken. There is a large demand for good .COM names and therefore they sell for a lot. You could sort of say that its like a diamond, it’s rare and therefore valuable.
Stay tuned, I’ll have a post soon on value in other domain name extensions.
The Secret: Dropped Domains
This is the question that everyone wants to know, or at least anyone trying to make a quick profit off of domains. In a previous post titled Why do people buy domains?, I covered that you either buy domains to sell for profit or establish into sites. I said that if your doing it for profit, the majority of the good domains are registered. In this post I’m going to cover how you get those valuable domains.
What Are Dropped Domains?
Anyone who has ever bought a domain knows that when they buy it, they have bought it for a fixed amount of time (usually 1 year). When that time expires, a few things happen. Either the owner renews it right away, or a whole procedure takes place. The following is how it happens: