Hey buddy, can you spare $ 185,000 so I can buy my domain name?

Hey buddy, can you spare $ 185,000 so I can buy my domain name?

Posted on June 20th, 2011 by admin

 

And, by the way I will need another $ 25,000 per year to keep it registered

ICANN, The Internet Corporation for Assigned Names and Numbers, controls how and what can be used as a domain name.  When .com was first available people all over the world rushed to register names with the .com extension in hopes they could later sell the name to someone who REALLY wanted it.

Examples of domain names that were sold include;

Insure.com – Sold for $16 million in 2009, Sex.com – Sold for $14 million in 2006, Fund.com – Sold for $9.99 million in 2008, Porn.com – Sold for $9.5 million in 2007, Business.com – Sold for $7.5 million in 1999, Diamond.com – Sold for $7.5 million in 2006, Beer.com – Sold for $7 million in 2004, Israel.com – Sold for $5.88 million in 2004, Casino.com – Sold for $5.5 million in 2003, Toys.com – Sold for $5.1 million in 2009.

Now ICANN will allow a company, say Nike, to buy .nike as a TLD, or top-level-domain name after completing a multi-page questionnaire and, of course, coughing up $ 185K for the name and $ 20K/year to keep it.

Nice business if you can get it, seems kind of like DeBeers and diamonds…

See the full article at “PC Magazine”:

http://www.pcmag.com/article2/0,2817,2387270,00.asp