Why Domain Name Acquisition/Investment will lead future internet business
Beside religion, the internet is the second most important aspect of any human life. The internet is the biggest employer of labor and the most powerful threat to oppressive governments and corporate corruptions. Without the advent of the internet and domain name associated with identifying companies online, companies like Amazon.com, Facebook.com, Twitter.com, Microsoft.com, etc. would never had existed. The internet is as complex as a spider web from which it derived its name, yet the more than 2 billons people that uses it every day have little knowledge of how it work. Never mind the complex nature of the web, but there is one aspect of the internet that you need to familiarized yourself with if you are thinking about buying or selling online, I am talking about domain name.
A domain name is an identification string that defines a realm of administrative authority, or control in the Internet. In general, a domain name represents an Internet Protocol (IP) resource, such as a personal computer used to access the Internet, a server computer hosting a web site, or the web site itself or any other service communicated via the Internet. Dot com, dot net and dot org are the highest level of domain names of the Internet or a top-level domain (TLD). Every domain name ends in a top-level or first-level domain label. During the growth of the Internet, it became desirable to create additional generic top-level domains.
A domain name usually takes anywhere from three to seven years to increase in monetary value. In order to boost the price of a domain name from its initial purchase price of $10 to its final sale price of $1,000 or more, the investor must be willing to market, trade mark, promote and spend money in appraisal. It is important to note here that the length of a domain name, its memorability, product and sector its represent, all play key role in determining the final price a domain name will fetch at a domain auction. There is no clear explanation as why name like Sex.com brought in more than $14 million in 2010 or why Fund.com fetch in $18 million in 2008. However, we do believe that the high price tags where mostly driven by foot traffic or speculations that the ecommerce and the sectors they represents were here to stay.
Like any other type of investment, the best time to getting into domain name investment is now because of discount offered by domain registry such as Godaddy.com. One of the most common question often asked by those interested in domain investment is whether we would see the era of domain name selling for a million dollar at auction house, absolutely.? Whether you agree with me or not there is a million dollar domain name out there waiting to be purchase by a prudent investor, it is a matter time before we read about the next sex.com. As nations like Brazil, Ghana, India, South Africa boost their online present, embrace capitalism, open enterprise and freedom of speech, so is the number of emerging entrepreneurs willing to invest in valuable domain names with dotcom extension.
Another trend that is likely to boost the value of name or domain name is branding agencies willingness to think outside of the box, outsource their naming process or repurchase valuable domain names from domain investment for future use. The demands for descriptive domain by fortune or publicly traded companies are on the raise and only translate into high demands for descriptive domain names. Moreover, it is worth mentioning here that descripting domain name is the way of the future, meaning more and more companies will choose a secondary domain name that is descriptive in nature and use such domain name to redirect traffic to their main website.
Our preference for domain extension is dot COM, NET, ORG, CA, CO and ME. Visa, Inc. recently purchases V.me for it new online service, which in our option means the online payment system, online banking and virtual credit card is back. The recent release of dot ME by ICANN will help drive more people online and this in turn will result in people securing dot ME extension for personal future use. Dot ME extension will also help people seeking for employment through social network, self-promote online and create their own identity.
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