What is domain name?
A domain name is nothing but a website name. A domain name is the address where users on internet access your website through domain name.
So basically domain name is used to find and identify hosted websites on the Internet. Websites uses IP addresses which are a series of numbers and it is difficult for people to remember those IP address, for example, 10.165.67.144. So to make it easy, domain names were developed and used to identify website URLs on the Internet rather than IP addresses.
A domain name can be any combination of letters and numbers including hyphen (-), and it can be used in combination of the various domain name extensions such as .com, .net , .org, .info, .in , .io etc.
For example –
Google.com is the domain name representing brand “Google“
Yahoo.com is the domain name representing brand “Yahoo“
Let’s say , To understand the domain name, Imagine your brand name is Oliver but some other business owner owns domain Oliver.com. In this case, it is common that when people search with term Oliver in search engine they come across Oliver.com website and they go to that website thinking it is the website of brand Oliver but it is not. So here you may end up loosing all your traffic to the site owner!
What is domaining and how can it make you money?
Domaining is nothing but buying domains at low price and selling them for higher prices either to the other domain investors (or) end users who want to build their brand around it.
In today’s world, Getting Good domain name has become the key for their brands to improve their online or digital presence on the internet.
Hence the demand for domains becomes increasing day by day and you will be surprised to know that most of the good domains were already acquired by either domain investors or End users.
So if any company or startup wants to buy the good domain name which suits their brand, either it has already been acquired by someone or they have to buy it from domain investors where the price for that domain ranging from from low $xxx to $xxxxxxxxxx.
Please checkout few top recorded domain name sales at Namebio.com below –
Domain & Price
voice.com , 30,000,000 USD
fund.com , 9,999,950 USD
fb.com , 8,500,000 USD
we.com , 8,000,000 USD
diamond.com, 7,500,000 USD
beer.com, 7,000,000 USD
z.com, 6,784,000 USD
slots.com, 5,500,000 USD
casino.com, 5,500,000 USD
toys.com, 5,100,000 USD
korea.com, 5,000,000 USD
Why domain selling business is still an alternate option for newbies when most of the good domains were already registered?
It is true that most of the premium domains were either in the hands of domain investors or end users but still there are thousands of domains dropping everyday (check dropping domains at Expireddomains.net) and you can still register good domains investing $10 to $500 and sell them for 1000s of dollars or more.
There are few instances where users registered future technology domains at some best domain registrars (like Epik.com, dynadot.com, godaddy.com, namecheap.com etc.) few years back for $x and sold them for $xxxxx.
Everyday a new technology has been introduced like Artificial intelligence, robotics, self driving cars in 20th century, similarly other new tech will be coming in future also and if you are good at identifying those keywords at earlier stage and book those domains then there is high chance that you can sell those domains for 1000s f dollars when actual technology takes off!
So opportunity for buying good domains is always there and domaining is the thing which is never the late opportunity but only thing is you need to learn domain investing first before investing money on it.
If you are a newbie and looking for few free resources to learn and master in domain investing or wants to become domain investor, here are the few references –
- NamePros.com & DNForum.com – a global domainers community, please join there!
- DomainGraduate.com – A free ebook download sponsored by Epik.com
- Domaininvesting.com and many more!
Hope you like the article and have a basic idea on why domain buying and selling can be a good part time or full time business opportunity. If you like the article, please share it to your friends as it might help them.