Truly brilliant and available domain names are becoming harder and harder to find these days. Well over 77 million ".com" names have been registered and thousand-upon-thousand more are purchased every single day. What this means is that you're becoming more and more likely to take home the lottery jackpot than stumble upon a truly brilliant domain name that is, quite literally, worth millions of dollars.
Owning a short and to-the-point domain name that helps to successfully attract a flood of incoming traffic without the visitors even knowing necessarily what the website attached to it is, is like gold to any online business. The increasing scarcity of these domain names that are short, simple to remember and suggestive have turned them into 24-carat commodities.
Just feast your eyes on some of these domain name sales:
business.com sold for $7.5 million
asseenontv.com sold for $5 million
altavista.com sold for $3.3 million
loans.com sold for $3 million
autos.com sold for $2.2 million
wallstreet.com sold for $1.03 million
forsalebyowner.com sold for $835,000
drugs.com sold for $825,000
cinema.com sold for $700,000
art.com sold for $450,000
engineering.org sold for $199,000
fruits.com sold for $160,000
perfect.com sold for $94,000
While some of these domain names may have sold for millions, corporate buyers backed by very, very large bank accounts aren’t the only players of this domain name game. Entrepreneurs are making a great living in purchasing and selling their own domains and YOU can get in on the action, too.
Hardly a day goes by that does not see a domain name sell for as much as $1 million or as little as $100 on public auction sites. eBay.com, for example, has featured actual bids for as little as $500 for "golegs.com" to as much as $20,000 for "arlington.com" -- and thousands more drifting anywhere in between.
The simple secret is to know where to get these "gold nuggets" at a reasonable price. In fact, a small and elite handful know of the relatively un-tapped goldmine that lies discreetly tucked away in the dark corners of the mountainous web and the awareness of this source has helped some very lucky individuals earn either outrageous fortunes or have attracted a monstrous levels of traffic to their website.
Remember, you can do this too! The goldmine to which I'm referring is the mountain of recently expired domain names and while but a few realize its existence, it is expanding with every passing day. There are literally tens of thousands of unclaimed, non-renewed and expired domain names that become available on a daily basis.
An expired domain name is one that was registered previously but was not paid for in time for the renewal date, thus returning it to the listing of available domains. There are many probable reasons for non-renewal (a forgetful owner, no more interest in site, no longer in business, no longer active or didn't pay for whatever reason – If you have a really good domain name do not fall into these traps).
However, you may be asking, "Sure, but I'm never going to get at good domain names before someone else snatches them up." As always, being lucky also means being patient and alert for the numerous domains that become available and being lightning fast to register them before anyone else does.
New tools are available, that make the process of searching, finding and registering great domain names much easier. Take the VodaHost Domain Name Search Tool, for instance. In fact, some of them assist you to become aware of the near expiring domains, giving you an advantage over your competitors that permits you to grab names seconds they've been dropped.
A compelling domain name can help an online business become far more visible, credible and accessible and it will help someone earn a rather large fortune. While in the past, finding one was very prohibitive, with the help of tools that are now at your disposal, you now can be a part of the gold rush, too. Check up on domain names that are due to expire shortly and make sure you protect your domain name, make sure it’s paid up so that it does not fall into the hands of the competition.