The world, as we know it, exists on the internet. Almost everything we do relies on some sort of website, app, or online software. While this has been true for a long time, the market for certain aspects of the internet has changed drastically. The web domain market is no exception. While investing in domain names has made some people millions off of a single sale, there is a question about whether it ever will again. There are many reasons for this, as the internet has evolved so quickly. To cover the different aspects of these changes, as well as the current financial efficacy of investing in domain names, we will analyze a video by financial YouTube channel Get Found.
What has Changed?
Due to the growing variety of domain protocols, we aren’t limited to the traditional .com, .net, and .org domains. With all of the new protocols, each individual domain name becomes a little less valuable. This is because the same domain names will be available with different URL addresses, and so you can’t corner the market on a domain name as easily. The names are still valuable, and people will still be on the lookout to buy or rent ones that work well for their business, but the ceiling just isn’t as high
Is Investing in Domain Names a Good Idea?
In conclusion, the answer is still yes. While you shouldn’t put as much of your money into a domain portfolio, it still makes sense to hold some if you have the know-how when it comes to selecting them. There is still money to be had; even renting out domain names can even keep a steady stream of income coming in. If instant reward is more your style, then you can also sell them. This will avoid the extra work of a rental agreement. However you choose to do it, make sure you are responsible.