Domain Names - Six Golden Rules for Generic Domain Names

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by Smash Masterson

How come that certain domain names sell for over a million dollars while others get no interest what so ever. Two domain names may appear to be almost the same and might even have a couple of different characters, like Beds.com and Bedsx.com, but you’ve got it - The first one is a winner and the second a no hoper.

If you have already made the decision that you want to buy a domain then you will just have to read these 6 golden rules if you want your domain investment to reap benefits. There are a variety of ways to buy domains but with a bit of investigation you could end up with a big buck winning domain name when you decide to sell.

1. Keyword volume: This is an estimate of how many searches the word or phrase has, which is an indication of it?s popularity. For example, according to Google, the phrase “Hawaii Singles” has 2400 searches a month. If you were bidding on HawaiiSingles.com, you would also want to check Keyword Discovery and/or WordTracker for additional data. You’ll never get more than an indication since each tool measures differently. However, it’s a safe bet if people are searching for a phrase there will be some natural traffic and SEO potential, and if there’s no volume, there will be little or none.

2. Commonality: A lot of people say domains are valued on their scarcity, but if you think about it, all domains, both good and bad, are one of a kind. What I like to look for is the commonality of the phrase the name represents within our society and existing lexicon. Usage, word order, and pluralization are huge factors in valuation. For example, “Discount” is not the same as “Discounted” which is not the same as “Discounts.” SportCars.com is valued less than SportsCars.com, and ShoesRunning.com is practically worthless when pitted against RunningShoes.com. Search for the phrase in quotes on Google to see if people are even using it, much less searching for it.

3. True type-in traffic: You would normally have great difficulty in viewing this type of information before investing in a domain name. The principal concern is just how much type-in traffic the name receives, but this should not include visitors who get referred from search engines and links and these are not long term factors.

4. Length: A further important consideration is the domain length. Short domain names will get better results because they are a lot easier to remember and spell and would convert into loads more traffic. Branding domains with takinf these important factors into account will increase drastically the domain name value which is great news if later sell your domain.

5. Prior use: If the domain has a past life, and was acquired through a drop service or from an expired list, you want to know about it. Forget perceived positives like search engine ranking and PR since those will likely disappear after the name is in your hands. Instead, delve into the name’s dark side. Was it ever used for spamming? Is it banned from Google’s index? Did it previously contain questionable content? Overcoming these negatives can be more work than you bargained for, even with an otherwise great name.

6. End user development potential: The one thing pretty much everyone in this business agrees on is a domain needs to be developable. In other words, you must always ask yourself this: Would I or anyone else be willing to spend money to put up a Web site on this name? If the answer is no, it will never truly be considered great.

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July 29, 2008 by Smash Masterson  
Filed under Domains

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