How are you choosing your domain name? Is it part of your marketing strategy? A short, memorable domain name will let people remember your product or service, but a short dictionary word domain name will also help your SEO positions.
The Value of Short Domain Names
It isn’t hard to understand why short domain names are valuable. A generic dictionary word domain name may cost thousands of dollars—or even millions. According to DN Journal, Social.com was sold for $2.6 million in the past July. However, don’t be discouraged! A recent study by SnapNames says that a vast majority of the domain names are bought and sold between the $500 to $5,000 range.
What’s a fair price for a domain name?
Generally, the more words in the domain name, the less it is worth. But a common two-word name is worth more than a rarely used single word name. A domain name without dashes or numbers is often worth more because typical users do not use dashes when they search. (Google, too, ignores dashes when you search.) Names ending in “.com” are also more popular than “.net” names because most people equate “.com” to the Internet.
Buy your Ideal Domain
Even when a domain name is listed for $10,000, you may still be able to buy it for significantly less. Like everything else, domain name prices can be negotiated. You can find out the domain owner’s information by looking up its registration records from DomainTools. One word of advice: don’t assume the domain owner is “squatting” on a domain name. Many domain name owners are very organized and have a large portfolio. A few of them are even public traded domain investment companies.
Ultimately, a well thought-out domain name will help your overall brand—and in a competitive SEO world, you need all the advantages you can get.