Why do Some Domain Names Cost so Much?

You’re looking for a domain name and 2 things are likely to happen, either the cost of the domain name you want is super expensive or it’s taken/used by someone else.

 

Getting the ideal domain name for your website can be challenging now that most of the short and easy-to-remember names are all already in use. However, even if the domain name is unavailable, you still have the option of buying it from the current owner.

 

So if you had your heart set on a domain name which turned out to be unavailable do not threat. As you may still be able to get hold of it. However the amount you will have to pay the current owner for the domain name may vary based on several factors.

The market for domain names is like any other market out there, so the level of demand affects their prices. Some premium domain names can even cost thousands of dollars because of the huge demand they have. Premium domain names are usually those that are short and easy to remember.

 

 Most of the domain name vendors use the auctioning methodology to sell domain names. These auctions usually happen for a certain period of time, and the highest bidder is the one who gets the domain. So, domain names that are short, simple, and easy to remember usually have a lot of bidders, which in the end leads to an increase in their prices.

If you attempt to buy a domain name for a website that is already active, you should be ready to pay a premium price for it. When someone has already invested money in getting traffic for their website, they will likely not be willing to sell it at any price less than what they have already invested.

 

The advantage of buying a domain that is already popular is that it allows you to use the perfect name you wanted and also the traffic that the current owner had built. However, this traffic is only relevant if the kind of website you want to build is related to the site that is currently using this domain.

Buying a domain name with popular extensions like .com will cost you more than one with extensions that are not commonly used. Even when you go to hosting websites that sell domain names, the price of any name you choose depends on the extension you want to use. Extensions that are usually highly-priced are .com, .net, .org, .info, and those with popular country-code names.

The price of the different domain names may vary because of the three factors we have shared above. Demand for the name, the popularity of the current website using the domain name you need, and the popularity of the domain extension are the main determinants of price.

 

While going to the market to buy a domain name, you need to have all these factors at the back of your mind to avoid surprises. You should also consider using reliable domain name brokers if you want to get the domain name faster and at a friendly price. These brokers usually know how best to deal with the owners of the domain names.

You are now more educated. What’s next?

 

We recommend searching your domain name and while you’re there think about purchasing your name (eg, janedoe.com) and acquiring it as soon as possible to avoid disappointment in the future.