A Domain Name Is Only Worth The Value The Buyer Puts On It; Some Are Still More Valuable Than Others

Do you think paying $840 for a domain name would be too much these days? That was the question recently posted to a popular online community dedicated to web design, and the answers illustrate how little is generally known about the domain registrar market. The website name in question evokes images of something being really fast, and the purchaser explained his intent of turning it into a site where visitors can shop around for speedy web hosting providers; in other words, he hoped to monetize the site through affiliate marketing.

Some of the forum members who lend their opinion about the domain name acquisition believed that the buyer spent a small fortune, but these answers come from web design professionals who admittedly do not know too much about internet marketing. We are talking about web developers who are used to paying just a few dollars per domain; these are the kind of website administrators who are positive they can build a brand that becomes really valuable. This may sound like wishful thinking, but it is actually quite common in terms of strategy.

Those who are into domain name reselling and are familiar with the registrar market will tell you that $840 is nothing these days. When this market came of age around the year 2000, $500 domains were pretty common. Some of them increased in value over the years while others saw their values plummet after a couple of resales. It is not uncommon for some domain names to fetch more than $50,000 these days.

Search engine optimization professionals will tell you that domain names are largely irrelevant because you will likely end up paying a lot more for marketing efforts anyway. Unless you are purchasing an established and seasoned website along with all its digital assets, a domain name by itself is only worth the cash you forked over, but these are depreciating assets. There is no guarantee you will be able to get your money back on the open domain name market.

All in all, if the domain name has natural words that are short and easy to remember, there will always be a chance that it can be turned into a valuable digital property, but this will take additional effort. For more information click here https://www.reddit.com/r/web_design/comments/mccgad/just_bought_this_domain_for_840/.