How To Buy A Premium Domain Name
Buying a premium domain that the owner has listed in an aftermarket works the same as buying a regular domain name:
- Search for a domain.
- Enter the domain to your cart.
- Log in or create an account with your domain provider.
- Add your contact information.
- Check out.
You will then be the proud owner of a new domain name, which will renew at the average price of the extension for subsequent years that you own the domain.
Several things can happen behind the scenes that will affect the time it takes to transfer ownership to you. Some services facilitate this process, and others require a bit of back and forth, which may take a few minutes. We at Zazz our professionals collect the necessary information and details to handle it for you and ensure a safe transfer.
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Can I Buy A Domain Name Forever
Yes and no.
No because you cant buy domain names outright or permanently. In fact, even as a domain owner, you dont totally own the domain. Think of it like a leased property.
On the other hand, yes because you can register a domain name. Such a domain will then become yours for the duration the registration covers. You can even register some names for up to 10 years at a time. As long as you continue to renew your registration, you retain ownership of the domain.
Why Are Homes So Expensive
In the 1940s, house prices increased by 43%the highest in history. In the 1980s, this rate slowed with an 8% increase. And after the recession of the early 2000s, prices These increases have become troublesome to a household who wonders if they should buy a house because their income hasnt kept pace with the increase of property prices.
The world has been in a financial crisis since the outbreak of the COVID-19 pandemic. Yet, house prices have still been increasing. Why are houses so expensive right now? Many political and economic factors play a role in this consistent increase, including:
- Low-interest rates
- Land price augmentations
- COVID-19 pandemic
|NOTE: The average cost to build a house in 2021 is an estimated $298,432. It typically ranges between $154,000 and $477,00 to build a home.|
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Your Domain Name Shouldnt Break Any Legal Terms
There was a time when the Internet was the Wild West.
Those days are long gone. Now its full of corporations with deep pockets that will sue you into bankruptcy if you even look at them the wrong way. Thats why its important to be careful.
Imagine this. You come up with a great name. You register it. You launch your website. And then, just as your business starts gaining momentum, you are hit with a cease and desist letter.
What the ?? is your first thought.
But then, as you decipher the legalese, you realize that apparently your domain name is trademarked, which means that you are in a world of trouble.
You can avoid this by doing due diligence.
For example, you can check US trademarks on the United States Patent and Trademark Offices website.
Alternatively, you can check for the trademarks for whatever country you want to operate in through the local equivalent of the USPTO.
And, of course, Google can help you as well, because if nothing comes up on it, then you probably dont need to worry.
Now, unfortunately, if you came up with a cool name, the chances are that you are not the first person to do so, which means that you might end up having to go back to the drawing board.
However, keep in mind that finding yourself back at square one is much better than getting hit with a lawsuit, so dont cut corners here.
Why Do Premium Domain Names Cost So Much
Its all about supply and demand.
When the demand for a particular premium domain name increases, its price and value naturally increases due to the supply being quite low.
A good example and parallel industry to this virtual real estate is the nature of the physical real estate.
We use an agent or broker to find a specific property or lot, right? The same happens when searching for a premium domain name as well as domain names in general.
To find the perfect premium domain name for your business, let the experts help you out.
Why? Theyll help you save money and time with proven domain negotiating experience.
But do remember and recognize that most premium domain owners expect you to state your buying price as an initial point, so be mindful to not low ball or insult the owner.
Think about the game of monopoly and how it works. Players make or receive rental payments based on the value of the land.
This same concept transfers to the digital world of buying and selling premium domain names.
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So Why Do Some Domains Cost So Much
As your registrar, Namecheap adds just a little bit to each domain name it sells to cover expenses. So when you see a big price difference, thats because the wholesaler charges a lot more for that domain name.
Some domain names have fixed wholesale prices negotiated between the registry and a non-profit called the Internet Corporation for Assigned Names and Numbers , which is like a regulator for domain names. The wholesale price for older domain options like .com, .net and .biz are limited by the regulator. Thats why these domains are generally inexpensive to register.
But the regulator doesnt control prices on any of the new TLD options that have appeared recently, such as .club, .shop, and .news. The wholesalers for these domain names can charge whatever they want for these new web addresses, making them subject to the open market rules of supply-and-demand and resulting in wide price ranges. The regulator also doesnt limit what wholesalers of two-letter country domain options like .us and .ca can charge.
Are Inc Domains Worth It
For the solo entrepreneur or blogger, a .inc domain name is probably not worth it. These are an expensive premium domain, and they are already being commonly used by larger incorporated companies as a side site specifically aimed at venture capitalists, shareholders, and investors.
If you are running an incorporated business that has regular interactions with these groups then a .inc could be a good professional way to do this.
For most webmasters, the .inc wont make a lot of sense compared to other available options. At least not at current prices.
In some cases .inc will be able to fulfill the role that .biz was meant to, but never did. For most people, the price of a .inc will heavily outweigh the potential benefits.
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Brandable Domains With Seo Value And Traffic
Many Odys domain names boast impressive numbers in terms of referring domains and high authority backlinks, which is great for SEO.
In addition, some of these domains have been created and nurtured for years, which further improves the SEO value.
But thats not all.
Odys acquires some of its domains specifically for their high traffic. This is great for many reasons.
You could create a business site with such a domain to improve your chances of driving sales from the start. You could also park it with display ads and convert the traffic to generate some income. You could even link it to your money making site.
Overall, one things clear: creating a website on a domain with SEO value and high traffic will give you a serious leg up on the competition.
Dont Forget The Extra Costs
Its easy to focus so much on purchasing a domain name that you forget about the additional costs associated with it.
Obviously, a domain name is not a one-off purchase, it needs to be renewed every year, which will generally cost you the same amount of money that you paid to get it .
However, then there are also various add-ons that you can buy, the most popular of which is privacy protection that ensures that your personal or business details dont come up when people look up your domain name.
Generally, these extra costs dont add up too much but its still something that you should keep in mind.
Read Also: How Much Does It Cost To Register A Domain
How To Buy A Premium Domain
Buying a premium domain that the owner has listed on an aftermarket marketplace works just the same as purchasing a regular domain name:
Youll then be the proud owner of a new domain name, and it will renew at the extensions regular price for any subsequent years that you own the domain.
Behind the scenes, a number of things can happen that will affect the time it takes to transfer ownership over to you. Some services make this process easy and others require a bit of back and forth, which can take a few minutes or a week as we gather the necessary information and make sure everything is transferred smoothly. Whatever the specifics may be, well handle it for you and ensure a secure transfer.
Is Com Or Co Better
While its possible to rank well for a . co address with good search engine optimization , youll never outrank the same domain name at a .com address. co vs .com SEO isnt as thorough. This legacy .com domain name extension is better overall for business and marketing purposes because its just more familiar.
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The Explosion Of Internet Growth
More and more people use the internet every day and even more, businesses want to have an online presence. Some countries like China, India and other Asian countries have high economic growth. They have improved also a lot their technology infrastructure.
Back in 1995, only 16 million people used the internet. Fast forward in 2019 there are 4.5 billion internet users ! Source: internetworldstats.com
Your Domain Name Should Be Easy To Remember
You want to make sure that your domain name is easy to remember. But what exactly does that mean?
Basically, the more items you ask someone to remember, the harder it is for them to do that.
When it comes to domain names, every word and symbol is a separate item, which is something to keep in mind when you are considering various options.
Try to keep your domain short, avoid using symbols, and get a well-known extension.
Read Also: How To Transfer Domain From Wix To Shopify
So Do You Really Need A Premium Domain
Premium domains are significantly more expensive, so before you buy one, you should weigh the pros and cons, and see if it is worth getting such a domain. In some cases, a premium domain is definitely worth the money, while in others it may be an unjustified expense and a loss of money.
+ You can get the best possible domain. Whether it was the first one that came to mind, or you chose it after a careful consideration, it is clearly your first choice for a domain name. If this is the case and there are no other factors to affect your decision, you can probably go ahead and buy the domain.
+You can invest in a premium domain. If the estimated value of a particular name is high, it is very likely that some company will want it sooner or later. Many domain investors buy such domains and sell them for profit. This refers to domains that are already considered premium ones, not to random available domains that some people register at the standard price and resell for $70-$80.
+ You can monetize it. If your project will earn you some money, it is justified to spend more on a better domain name. The additional traffic the domain can bring you will likely pay off the higher amount you had to pay for it.
Iâve always thought of premium domain names as Internet beachfront property .Itâs interesting how the value of the top names continues to rise even in era of mobile and a multitude of TLDs. Wild.
Reasons Why A Domain Name Is Priced So Expensive
When the quoted price for a domain name seems very high then there are a few things that might be happening and you might want to consider:
You might have noticed that I am talking about domain names that are priced so expensive and not necessarily about sold domains. That is because some people dont want to sell. They just give out a price to scare people away.
Now Number 7 is not so simple. Domain investors buy domains to resell. Sometimes they buy domain names that only have a few potential buyers and even fewer with deep pockets.
Lets say you buy the domain name John.com. Hundreds of people named John will inquire about the domain. But the seller doesnt want to sell the domain for $5,000 to a random John.
The seller is waiting for a famous John, or a company named John or with a John product coming out, to buy the domain name and pay a couple of million.
But most often that not these people named John will be insulted when quoted with the price. But they shouldnt. It is nothing personal. The buyer simply wants to get top dollar for what he/she owns.
Also Check: Average Domain Name Price
How Much Should You Expect To Pay For A Domain Name
A domain name is the written counterpart of an IP address, which is a string of numbers.
The cost related to buying a domain name varies according to different aspects, with its availability and its Top-Level Domain being the two most important. In fact, unavailable domain names require you to make an offer to the current owner, which isnt regulated by any maximum price .
When it comes to Top-Level Domains, instead, you can expect to pay anything from $0.99 up to hundreds or thousands of dollars. On average, though, domain names cost from $0.99 up to $12 per month.
Premium Domain Name: Their Value And Why They Cost So Much
Why do premium domain names cost so much? What is the difference between a premium domain name versus a domain name?
Domain names are quite powerful entities in the world of the internet. In fact, they can make or break a business when an owner allows the domain name to expire.
If the owners fail to pay the domain name renewal fees, then the domains become the property of the domain registrar.
You may know this or have already experienced this costly lesson.
Expired domain names sometimes become the property of domain investors, known as domainers, or sometimes trademarked expired domain names end up in the hands of unethical cybersquatters.
However, no matter who owns a given domain name, there is a different class of domain names on the market known as premium domain names.
Typically, premium domain names were registered in the early to late 1990s. Some of these domains are actively developed. Others are parked, and a small percentage simply doesnt resolve to a web page.
In most cases, many of these valuable domains are redirected while others are parked in hopes that someone would come along want to purchase the domain name for their business.
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