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It’s always wondering to see huge amount of money flowing in domain name business. How anybody is ready to pay off thousands and millions of dollars just for a name bought for $10? Is it name that matters? Was Shakespeare wrong to say:
What's in a name? that which we call a rose
By any other name would smell as sweet;-Shakespeare
The domain name market proves Shakespeare wrong. It is not the entity, not the function it provides, but just a name! Is domain name anything else other than simply a name? Then how they cost so much?
Anybody is really startled and stunned to know internet marketing firm QuinStreet purchased Insure.com for $16 million just a year ago. Look at the price below and the GREAT Domain Names which deserved that price:
Top Ten Most Expensive Domain Names
1. Insure.com, sold to QuinStreet for $16 million in 2009.
2. Sex.com, sold for $12-$14 million in 2006.
3. Fund.com, sold for $9.99 million in 2008.
4. Porn.com, sold for $9.5 million in 2007.
5. Business.com, sold for $7.5 million in 1999.
6. Diamond.com, sold to Ice.com for $7.5 million in 2006.
7. Beer.com, sold for $7 million in 2004.
8. Israel.com, sold for $5.88 million in 2004.
9. Casino.com, sold for $5.5 million in 2003.
10. Toys.com, sold to Toys ‘R Us for $5.1 million in 2009.Source : most-expensive.net
How much a domain name costs?
AllBusiness explains on one of its post:
At one time, all domain names cost the same: $70 to register the name for the first two years and $35 a year thereafter.
Today, however, increased competition in the domain name market means you'll probably pay less to register a domain name. Some registrars charge less than $10 per domain name, and some charge even less if you buy more than one domain name at a time.
There's a catch, however: Many domain name registrars make money selling extra services, and it isn't always easy to figure out what you're buying. Some registrars, for example, combine low registration fees with mandatory Web hosting packages — you'll pay the hosting fee even if you don't want the service.
Got the idea? This is ‘world’. Millions on one end and some cents on the other. Did you ever checked how much your domain name costs?
I got interested to test it with some of online tools. Immediately after googling ‘Domain Value’, I was with the tools.
1. Kongland.com
OK. I’m flattered. I have a domain name that somebody valuates in thousands. I know different tools look on diverse parameters and might present different values.
I got interested to check the value of my website too! How much would www.icttrends.com website cost?
2. SiteValueCalculator
Its not bad either. Now is there anybody to buy ICT Trends? Huh.. 
It is a fun sometime to go off track and play with something. Have you checked the value of your domain name and website? How much did you find it?
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I believe domain name costs as much as someone is willing to pay for it
lena´s last blog ..Top 10 Romantic Movies
Twitter: icttrends
says:
Yes lena, this is the only rule to determine the cost of domain name. But at the same time the other half too is equally true:
“Domain name costs as much as someone is willing to sell for”!
Twitter: www.twitter.com/rencalago
says:
my domain cost me a coouple of dollars. It’s true that the price in your listing is quite high coz these are popular names..
cebu attractions´s last blog ..Gadgets on Vacation Travel
Twitter: icttrends
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They are the history makers! Every son is not obama
Twitter: danalingga
says:
I ever sold a domain for only $5 and I am regretting it now.
Dana @ Blogging Tips Blog´s last blog ..How To Create Blog Logo Easily by Using GIMP #1
Twitter: icttrends
says:
OMG you sold it for less than you paid?
The same happened me with my domain name http://www.howIearned.com, So, I never sold it. It is still with me though parked.
Yeah, it is less than I paid for it. It is because I do not know how can I use it back then — I even did not know about domain parking so I sold it.
Dana @ Blogging Tips Blog´s last blog ..How To Create Blog Logo Easily by Using GIMP #1
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Twitter: faqpal
says:
Definitely a fun idea, my results for http://www.faqpal.com are:
KongLand — $134,973
Site Value Calc. — $195,855
Any buyers?
FAQPAL´s last blog ..Diving into the Twitter API
Twitter: icttrends
says:
Great! I hope you will be the top among us. In fact, you have a very useful website.
Twitter: faqpal
says:
Thank you my friend. Glad I found your blog, really enjoying the content.
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says:
Am I the only that can’t see comments after my own on any post on this blog?
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Twitter: speakshit
says:
I always spend ages searching to save a few dollars on my domains. The last .com I bought cost me about $6 for 1 year, which is only $2 less than it cost the year before. That doesn’t put much value on my time does it…
But when I come across a domain already registered, I ignore it, which I think is a mistake — many domains out there have been bought to be sold and when the sellers can’t off load them they’d be willing to let them go for just a few bucks above the price they paid. It’s really quite annoying that it isn’t easier to trade domains like that — there must be so many wasted word combinations like that and that means less choice for new registrations which in turn pushes up the value of the others.
Seb´s last blog ..Trains – as unreliable as my grandma’s bowel, but less regular
Twitter: icttrends
says:
Until the new regulation enforcement, the trend of reserving domain names to trade was in height. People snatched the names of celebrities and companies with an intention to sell them for highest possible value.
Though the days are not same now, but still, the domain name business is not yet down to the earth. I believe, the price of domain name will be determined considering how much work one has put into it. For example if you get a domain name which has already got PR 4, won’t you be interested to pay lot more than a fresh one?
Thank you for your wonderful post. Very informative and I enjoyed reading it. Thanks for sharing.
Jennifer Lynn´s last blog ..High PR RSS feed submission sites
Twitter: http://www.wordpressinstall.org
says:
Most online sites give a vague evaluation of a site. My site pocketmoneyfinder had a value of 3000$ , but i was offered a max 125$[when pr2] by site redeemr , damn
Sourish | WordPress Install Guide´s last undefined ..Response cached until Wed 7 @ 10:42 GMT (Refreshes in 23.98 Hours)
Twitter: icttrends
says:
Sometimes I feel it a good entertainment to check values from those tools. But we should not forget that they are ‘technical value’ not market value. The real market value of any product is exactly what buyer is willing to pay and seller ready to accept.
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Every one charges hi own price so its good that you have suggested some sites with their charges.Thanks!!
Twitter: None
says:
Yeah, it is less than I paid for it. It is because I do not know how can I use it back then — I even did not know about domain parking so I sold it.
Dana @ Blogging Tips Blog´s last blog ..How To Create Blog Logo Easily by Using GIMP #1
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Twitter: blogreaction
says:
And out of all of those.. the only one I can remember ever visiting or that has done anything useful with the domain is business.com , and it ended up being a good investment.
Aaron´s last blog ..Free Blogs
i always buy domain names at Godaddy or Moniker because they are the most reliable registrars””
i would prefer Infolinks over Kontera because they pay much better..’”
This was probably my favorite post I’ve seen on the subject. I just stumbled upon your website when I was in the process of doing studying on google. Anyways, I felt the urge to say I liked your website and to continue doin what you’re doing. And dont forget to enjoy the journey… dont put too much emphasis on the final result. Best wishes, Randy
I know this might be a bit off topic but seeing that a bunch of you own websites, where would the best place be to host? Someone recommended I use Blue Host for $6.95 a month which seems like a great deal. Anyone here on http://icttrends.com/how-much-your-domain-name-cost.html using them?
Yes the buisness from domain name can be do very good.… and anyone can earn a huge amount once they purchased the domain name…