Moniker.com held an auction in New York for more than 218 domain names, selling them for a combined $10.8 million!
Many clocked six-figure price tags, far exceeding the industry average of $2,000 to $3,500, according to Matt Bentley, chief strategy officer for Sedo.com, a domain brokerage firm. Two broke the $1 million mark: Creditcheck.com fetched $3 million and Seniors.com nabbed $1.8 million.
Forbes explains how type-in traffic, Google’s algorithm and a shrinking pool of available names are causing prices to sky-rocket.
If you’re in the search marketing space and might be interested in a domain name that will put your business at the top of Google AND give you a great brand, stay tuned. I have news of a domain name that will be coming to the market very soon.