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The Huge Domain Name Industry

Jun 11th 2015 at 6:43 AM

A Domain Name is the most important part of the big Internet. We can access websites, sell things and earn money money online directly or indirectly due to the existence of domain names. There are currently millions of domain names registered online and thousands of them are registered and many domain names expire daily.

When the Internet was first started, websites were assigned unique IP addresses that could be used to access them but it was really difficult to remember those addressees so, they were given names so that they could be remembered easily.The first domain name was which was registered on 15th March, 1985 by Symbolics Inc. Today, millions of domain names are registered but till 1992, only 14000 to 15000 .com domain names were registered. Those people who could see the future market for domain names registered hundreds of such valuable names which are now worth more than four figures.

Today, buying and selling domain names is a huge industry. People are making fortune buying domain names for cheap and then selling them for huge money. Take and as example. As very few such golden nuggets are available to register directly, domainers, the people who buy and sell domain names for the motive to profit, buy domain names through auctions or directly emailing the party. Once they got hold of the domain name, they either call or mail the party that they think might be interested  or again put the name on auction.

There are various registrars that offer domain name registration. Out of them, GoDaddy and Namecheap are most famous. People tend to go for GoDaddy because of their $0.99 coupons for first year registrations of domain names. BigRock, another emerging domain registrar, also offers similar bigrock 99 domain coupons and is quite popular in India.

At last, I would like to conclude that the domain name industry is a huge industry and is still not saturated. There are many websites where you can learn about this industry, for example, NamePros and DNForum to name a few. Making a few bucks in this industry definitely takes time but it does not involve too much work. Best of luck domaining.

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