A Rose By Any Other Name - Domain Naming
Years ago I had an idea that I believed many others would also appreiate. I had selected the title of this endevour, naming it Story Wars. The concept at it's core is a literary contest where by the contestants submit short stories based on offered ideas or scenarios. Winners are picked based on common criteria with the winner recieving a prize.
This, at least to me, seemed like something others would want to do. I talked to people in my circle and recieved less interest than I wanted. So I shelved the idea, let it marrinate for several years and tried again with different people and got the same results. So now, I have started again with a different crowd. I started a website this time to help me biuld the idea even more and reach greater numbers of potentially interested individuals.
As I was setting up the website I ran into a snag. My brand name was taken. I couldnt believe it I was not only unable to get traction early on, and now the name for the brand I was trying to create was already being used.
I did some research into this other website only to find out that it was truly not being used. It was bought and being sold by a domain brokerage. A silver lining, I think not. As I queried the brokerage concerning the name I recieved a quoted price of $20,000. Yes, you see that correctly that is $20k. Needless to say I was a bit taken aback at the extra zeros. So, I responded in turn questioning the broker as to the nature of this price. I truly wanted to know why it would cost me so much to acquire it.
"It is a premium domain name" is the initial answer i was given. I pushed a little further and recieved another answer. "There have been several inquiries into this name which has the seller holding out for the best price" And, a little further I get a link to an article addressing the decline of good domain names.
https://qz.com/994698/domain-name-registration-problems-are-...
So what's in a name? Amazon, Wal-mart, Sears, these are brands that were grown from the ground up. Much like what we are doing now. It did not happen over night and took a lot of hardwork at times.
I hope this will help some of you who may be having a hard time finding a niche name or are running into the same thing I am, a name that some one is holding hostage for a large profit.
Leave a comment let me know what you think.
Recent Comments
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Hi, Corey that can be rather disappointing when we go to the store and the shelves are bare. I always recommend jumping on that domain name especially if it comes ion that flash of inspiration.
It can be amazing how domain names can appreciate while sitting there collecting dust. There is a whole industry around domain names, by using Jaaxy we are ahead of the field sometimes.
I find that sometimes you can get a domain close to what we are looking for if we ad another keyword to the mix.
Thank you for posting this timely reminder.
Thanks Alex, this is still very new to me so the learning curve is a bit steep. Its all a good learning experience.
It is Corey, not a day goes by without learning it coming across something new, great post my friend.