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.
Why do people buy domains?
There are many reasons why people buy domain names. It is however for the most part split into two sections, and both of them can make you money (if that is what you’re looking for). The first is for personal or company use on a website, while the second is for domain resell or parking.
Website
Now there are plenty of ways to make money off of a website. You can create a one of a kind site that draws people and therefore by putting ads on it you can make large profits. The other option is to develop a site (ads or not) that becomes extremely popular and then sell it as a package of the content, the domain, and the network of users.
You can also just use it as a personal way to express yourself or your interests if it isn’t profit that your looking for, but just a way to spend your extra time.