RaeSea Internet Marketing Blog

Pronounced “Ray” “Sea”

Domain Names = 21st Century Real Estate

Interesting article over at CNN on selling domain names.  This industry is exploding right now with some domains selling for over a million dollars. 

At the Manhattan auction, Fischer and Goldberger snatched up four names for more than $1.2 million and a fifth for a client, representing only a handful of the names sold for a total of $12.4 million during both the live and silent auction.

The auctions were held during a domain conference in June that attracts some of the biggest players in this niche business.

One name — creditcheck.com — went for $3 million but paled in comparison to the sale of sex.com, which sold for $12 million last year, according to Cahn, who knew the site’s buyer and seller.

I think the days of getting a decent domain name for 10 bucks are going to come to an end very soon.  It would make more sense for those guys to just auction them off. 

They look for names that hit the “sweet spot” — short words that describe a high-value product or services related to it. Words that allow them to own a category such as bald.com and cardiology.com, two of the domain names they bought at the auction.

To help figure out a word’s potential value, they see how many hits it will produce using Google. They also troll lists of names with domain registrations set to expire, enabling them to get a jump on buying it.

They don’t bother with dot-nets or the others.

“Dot-com is king,” Goldberger said. “Dot-net is worthless.”

An interesting read…makes you want to go register some more domain names.

Advertisements

July 25, 2007 - Posted by | Business, Internet, technology, Web Design

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: