Rob Taylor is a domainer with twelve years experience of internet development. He’s been actively involved in the domain community for seven years.
Rob runs ‘Hey‘, a company which provides domain name brokering and acquisition services along side building useful websites on great domain names such as Comedy.co.uk and Music.co.uk. We recently chatted to Rob about domaining, the business of buying domain names and selling them for profit.
There are two main criticisms levelled at domaining:
a. It fills the web with sites which consist solely of pay-per-click links, cluttering up the internet and making it harder for people to find what they’re looking for.
b. It artificially inflates the price of domain names, making it hard for people with good business ideas to afford a decent URL for their website.
Do you think these criticisms are justified?
“Excellent questions, let me address them one by one:
“a – Domaining is not solely domain parking. Lots of domainers try to create mini or even full websites that have great information for the user. One thing to bear in mind is that often domainers have a big list of names, and although the intent to develop out domains is there, sadly there are not enough hours in the day.
“Similarly it does cost a fair few quid to run networks of sites and thus income needs to be created from somewhere.
“Parking pages, or site with pay-per-click adverts can be seen as internet clutter, however, if someone types in a domain name is it better they have a site that shows people or companies that want to pay to get that user to click, or a 404 ‘Page not Found’ error? I think former is more useful for the user.
“As for B, I believe there has to be a realisation that it is the year 2008 and 99.99% of good domain names have been taken. Much like I would love to have a top highstreet store for 1920′s prices, it won’t be happening any time soon.
“Often I get told that my domains are not worth more than a tenner, but when I tell them that’s fine with me and point them towards something.me or genericterm.info which are often available they do not want to know. It seems certain extensions are more desirable than others, and thus have a premium attached. To me that is not artificial but just normal market forces at work.
“One further element puts a more understandable value on domains: the targeted traffic! I have a music related domain name that gets considerable traffic. To rent a high street store with similar ‘footfall’ would cost 6 figures a year and that’s not including rates and other such costs. Again some may see things overpriced compared to registration fees, but in the wider context domains are still very cheap.
“Leasing and rental of domain names is growing and is a good way for start-ups to get a top dollar domain names at a lower outlay and I would suggest readers explore that option if prices are unaffordable.
“Domaining often gets a bad reputation, but like any industry there are cowboys out there and genuine business people. Domainers have a responsibility themselves to ensure that the reputation is cleaned up and cowboys are not welcome!”
Can you explain the process by which you make your money from registering domain names?
“Domaining has several models for dealing with fresh registrations, usually focused around either the resale, development or speculative value of a domain. As it is 2008 it is very very rare to be able to hand register a great generic or short domain, so often the money is to be made either by dropcatching those that do
expire, or focusing on keyword rich domains.” Read the rest of this entry »
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