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I came across this video on Sedo, which give a great quick introduction about why good domain names are important for businesses.
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Yes, I actually made over a 26,000% return on investment on a single domain name.
Let me start with the caveat, domain investing like all investment is filled with risks and most people I know who own domain names of personal interest to them are unlikely to ever make a dime of profit selling mediocre domain names.
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You want a new website? OK, then tell me, what is your brand and where is it going?
When a business decides to go ahead with a major web redesign, it’s generally because the current site no longer meets some or many critical needs. It may be out of date, it may lack certain features, but generally the biggest issue is that the website does not properly represent the brand.
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Are you giving enough attention to the importance of a good domain name?
You may be one of those people who thinks it’s not worth spending money for a decent name. If so, stop and think about it first. Before you decide to save money by getting a low quality domain name, consider the value of getting a good domain name. A good domain name will distinguish your business, build your brand and will be central to much of your marketing.
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Morgan Linton is a domain investor who has been earning passive income from his domain business in the 5 to 6-figure range. Domain Sherpa has posted an informative interview with Linton.
This talk should help domain investors who want to understand how big domainers operate and think. His advice is particularly suited to those who want to build passive income via domain traffic.
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