All of us have heard the stories of people who’ve smartly purchased the rights to domain names they foresaw being in demand in the future, and then selling them for a tidy profit some time later. Then ther was the well-publicized story of a former Google employee who owned google.com for a whole minute and was handsomely rewarded by the Internet giant for giving it back to them in 2015. That same year Google became a subsidiary of Alphabet, and they wisely nipped any problem in the bud by acquiring abcdefghijklmnopqrstuvwxyz.com shortly thereafter. Here at 4GoodHosting, we register many new domain names for clients every month as a Canadian web hosting provider who offers the service free with our web hosting packages. If you’ve identified the perfect domain for your website, you can request it right here - https://4goodhosting.com/domain-name - and provided it’s available we can secure it for you. For those of you that have ever wondered about the $ of your domain name, you might be surprised to learn that you can actually come to an approximate valuation of it with a few online tools. Even if your domain name is the most obscure one imaginable and would almost certainly never be in demand, this is quite interesting to learn more about. Domain Hoarding? The first thing to understand here is that there are hundreds of thousands of domain names that have been registered but do not have a website attached to them. Nearly all of them have been acquired by individuals who see the possibility of selling it in the future. There’s some very promising examples of this, like when the Expedia group paid $11 million for Hotels.com, or the person who registered FB.com receiving millions for it. If your domain is one that is not unique and describes the nature of your business, or uses a term or portion of it to describe some aspect of the business or venture that would apply to similar ones elsewhere then there may resale value to the domain name. In some instances, there will be individuals who are willing to pay to assume ownership of it. Most of the...
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