Nobody likes spending money, especially if they do not have a steady income yet (such as from the website). However, choosing the right domain name is so important to the success of a site. It can really make and break a website, in fact. This is why, as much as I can, when I am creating a new website, to pay to have a premium domain name. Otherwise, the website will be metaphorically ‘runnnig up a hill’.
With this in mind, here are some tips to help you buy a premium domain name, so you know it is priced right and the one that is fit for you.
Check Valuation Tools
Whatever the price the domain is listed at, the first thing you have to do is question it. Use free tools on the internet to gain an understanding if the for sale price is a fair reflection on the worth of the domain name:
NameBio.com is a brilliant website that is a must use for anyone buying a domain name. It is the largest database of information regarding domain name purchases and sales on the internet.
This means if your domain name you are interested in is up for, say, $10,000, but it was actually sold to someone a year ago for $500, then you know the sell price is not realistic!
Do take note that domain prices increase over time naturally, because there are a finite number of them to choose from (unlike…