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Buying, selling domain names nowadays is hard

I managed to buy a few domains in the past few weeks and with this occasion I realized that this industry of buying, selling domain names is very interesting, especially if you are an old guru with a huge portfolio of great domain names.
Now as I was searching some forums for some brandable names, 80% of the topics were made with the purpose of selling four letter domains (.com of course) and the majority of them were no sense words, just a list of four letters. For those who don’t know this year there is a trend to buy domain names with 4 letters and from my little experience, I can list you a few of the reasons why people are in search of such domains:

First of all because all the three letter domain names were discovered and bought in 2005-2006 and nowadays they are so expensive that you can buy a new car or house with that amount of money and as we all know money influences everything, especially our pour minds and all the guys who are in search of making money online very easy with a small investment are a lot, so in 2007 all the four letter domain names were sold and now we see the results.

Secondly, they are a bit stupid. Why? Because a person who buys domains like ykqx.com for example with 100-150$ and after builds web directories or parks them on sedo is damn stupid. Domains like the one above are useless, no keyword, unpronounceable and hard to keep in mind. Instead of buying such domains you should search for names that are pronounceable, brandable and are much cheaper.

I don’t see any practical reason to buy such domains, only if you want to dream that one they you would be able to sell it at a doubled price (only dreams). Don’t be stupid and waste your money on such domain names only because people say so.

Also from my experience I know that a great domain name creates a good impression online and makes you influence people and eventually they will buy your products if you are selling something (this is the main reason why bloggers should buy their own domain). Here are a few advices you should take in consideration before buying a domain name:

Domains should represent something
Search for something that makes sense, if not search for something that is easy to pronounce, memorize and of course, is brandable.

Google loves your domains
Search engines love keywords so you should try to add a keyword or two keywords from your niche in the domain name.
A big mistake is to copy, avoid duplicating domain names with different tld extensions. You risk getting sued if we are talking about the name of a big company or it can rise against you.

Everyone hates copycats. Don’t become one!
A big mistake is to copy, avoid duplicating domain names with different tld extensions. You risk getting sued if we are talking about the name of a big company or it can rise against you.

Domains with premium letters are expensive
If you want a domain name which has four, five or six letters you should take in consideration premium letters.

A, B, C, D, E, F, G, H, I, L, M, N, O, P, R, S, T premium letters.
J, K, U, V, W less quality
Q, X, Y, Z are lower quality

This will add value to your domain and it will make it easier to pronounce and remember.

That’s all! I hope this article is useful!