domainfrenzy.com
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Domain Frenzy Domain Name News and Information US Government Criticism Of ICANN Plan For Domain Name Extension (gTLDs) Sale Friday, December 26. 2008 The U.S. government has criticized ICANN's (Internet Corporation for Assigned Names and Numbers) plan to offer domain name extensions (Generic Top Level Domains) for sale. According to the BBC article: The Internet Corporation for Assigned Names and Numbers, which oversees net addresses has floated plans for the radical change to the existing system. But the US Commerce department has questioned both the benefits and the costs of such a scheme. Officials have also raised concerns about whether the plans will destabilise the current system. ICANN has proposed to offer between 200 and 800 new addresses for sale at $185,000 (£125,000) per domain with a yearly cost of $60,000. However, the article goes onto state that: Department of Commerce official, Deborah Garza, has questioned the plan. In her own letter to Icann she wrote: "The DOC is unconvinced that new gTLDs will alter the preference for .com domains, and fears that a huge number of new gTLDs will simply force companies to register them in order to maintain and redirect appropriate traffic". Source [BBC] Posted by Ian McAlister at 06:54 Banners.com sells for US$360,000. Lowfare.com sells for US$365,000 Thursday, November 20. 2008 The domain name banners.com sold for US$360,000. Also, the domain name lowfare.com sold for US$365,000. Both were recently sold at the domain name listing and auction site Sedo.com. Posted by Ian McAlister at 01:23 Domain Name Game Still Going Strong Monday, February 11. 2008 The domain name game is still a very viable money maker according to the article by CNNMoney. With last year's sale of Business.com for US$345 million from the seller eCompanies who originally paid US$7.5 million for the domain name in 1999 from a seller who bought the domain name for US$150,000, it would appear that domain name game is still going strong. According to the CNNMoney article: Domain names often sell for thousands of dollars into the many millions. In 2006, diamond.com sold for $7.5 million while sex.com sold for $12.5 million. Casino.com sold for $5.5 million in 2003. Computer.com sold for $2.1 million last year. In all, 33 sites have sold for $1 million or more, according to research firm Zetetic. There are also companies which buy and sell domain names and offer various services for domain name buyers. Companies such as Demand Media and Oversee.net have made hefty profits from the domain name business. The article goes into depth to describe the type of business and the monetary figures of the companies' investment and profits. Source [CNNMoney] Posted by Ian McAlister at 05:15 Finding a Great Domain Name for Your Business Tuesday, September 11. 2007 Businessweek has a great article "Finding Your Dream Domain Name" on the process of choosing a domain name for your business. Source [Businessweek] Posted by Ian McAlister at 05
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