Reserve Your Domain name Now!
How to Uncover The Internet's 'Secret' Goldmine
By Simon Grabowski, CEO of GetResponse.com
Great domain names are becoming increasingly scarce. Close to 23
million ".com" names have been registered, and over 22 thousand
are being purchased every day. It means that you're more likely
to win the lottery than find a good domain name.
Owning a domain name that helps to successfully "magnetize" a flood
of traffic is like gold to any online business. But the increasing
scarcity of domain names that are memorable, short and suggestive
have turned them into hot commodities. Look at some of the recent
acquisitions in domain names:
- business.com sold for $7.5 million
- asseenontv.com sold for $5 million
- altavista.com sold for $3.3 million
- loans.com sold for $3 million
- autos.com sold for $2.2 million
- wallstreet.com sold for $1.03 million
- forsalebyowner.com sold for $835,000
- drugs.com sold for $825,000
- cinema.com sold for $700,000
- art.com sold for $450,000
- engineering.org sold for $199,000
- fruits.com sold for $160,000
- perfect.com sold for $94,000
However, while some domains may have been sold for millions, corporate
buyers backed by large bank accounts are not alone in the domain
name game. Even entrepreneurs and speculators are making a good
living in buying and selling domains.
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Everyday, domain names are selling for as little as $100 or as much
as $1 million on public auction sites. For example, eBay.com recently
featured actual bids for as little as $500 for "golegs.com" to as
much as $20,000 for "arlington.com" -- and thousands more hovering
anywhere in between.
Some individuals seem to know where to grab these "nuggets of gold."
In fact, a handful know about an untapped goldmine that lies discreetly
tucked away in the dark corners of the Internet. And the awareness
of this source has helped these "lucky" individuals generate either
outrageous fortunes or outrageous levels of traffic for their website.
The goldmine to which I'm referring is the pool of expired
domain names. While only a few people may be privy to its existence,
it is nonetheless ballooning with every passing day. As much as
tens of thousands of unclaimed, unrenewed and expired domain names
become available on a daily basis.
An expired domain is one that was registered previously but wasn't
paid for in time for the renewal date, thus returning it to the
pool of available domains. There are many reasons for non-renewal
(e.g., the owner forgot, has lost interest in the venture, was no
longer in business, was no longer reachable or just didn't pay for
it for whatever reason).
However, you may be asking, "Sure, but I'm never going to find good
domain names let alone do so before someone else snatches them up."
For a long time, being "lucky" also meant being alert for the countless
domains that become available, and being swift in registering them
before anyone else does.
However, new tools are now available, making the process of searching,
finding and registering great domain names a lot easier. In fact,
some of them also help you to become aware of soon-to-expire
domains, granting you an almost psychical edge over your competitors
that allows you to snap up names just seconds after they're actually
dropped.
Nevertheless, a compelling domain name can help an online business
become more visible, credible and accessible. And it can also help
a person make a fortune. While finding one was very prohibitive,
with the help of tools that are now at your disposal you can be
a part of the gold rush, too.
--------------------- About the Author ---------------------
Simon Grabowski is the owner of many online businesses that generate
close to a million dollars in annual online sales. His latest is
the BizMint.com, a unique, sophisticated tool that helps you to
explode your online business by searching and registering from millions
of expired and soon-to-expire domain names. See http://www.bizmint.com/
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