Dictionary Word Value
When your trying to make a profit from domaining, it is extremely important to know what brings in the money. There are many different factors that persuade buyers to purchase a certain domain name. These include relativeness/keyword similarity to their business or what it specializes in, resell value is higher then what your listing it for, and a bunch of others that go on and on. The main thing to keep in mind however is that the domaining business is really random, and it is very hard to predict what will sell.
Made-Up Words
It has been countlessly said that creativity is the key to success, well in the domaining business that is only partly true. On one side, it does take creativity to find and search for a domain that will sell. However it really matters what your definition of creativity is. The kind that I am talking about, is making up words that are similar to what the purpose of the domain should be. For instance, if all of the good poker domain names with the .COM extension are gone, you could make one up such as Pokerono.
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.