Lesson 2: The most valuable domain names ever sold
A truckload of money.
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Hey, Domain Hunters! 👋
Today, I want to talk about something exciting: the most expensive domain names ever sold.
I know these things might be obvious to most of you but I want to do this series explaining everything about domain name investing from the ground up.
Let’s think of domain names as the addresses of websites on the internet. Just like some houses cost a lot because they are in good areas, some domain names cost a lot because they are easy to remember, short, or have a significant meaning.
Why are some domain names so expensive?
A short and simple name, like 'voice.com,' can be worth a lot because people can remember it easily.
Names that match words people search for a lot, like 'casino.com,' are very valuable.
Once someone has 'beer.com,' no one else can have it. It's unique.
If a company can have a name that matches exactly what they sell, like 'toys.com' for a toy seller, it can increase visibility and prestige.
Domain name price can be very volatile. 'Nfts.com' sold for $15 million, showing how new hot technology can make a name suddenly become very valuable. Nowadays I doubt it would sell for $5 million, so you really need to know your market before investing.
What we can learn from this:
Domain names can be more than just addresses; they are extremely valuable assets.
The best domain names are simple, match popular words, and are easy to remember.
Investing in domain names can be risky, but it is rewarding if you know what you’re doing.
Remember, whether you're buying a domain name for a business or as an investment, it's important to think about how valuable it will be in the future. Will it still be a good name in 5 or 10 years? That's a difficult question to consider.
Stay curious and let’s keep learning together.
Cheers,
Amber