Sydney, Australia, Sept 17, 2008 Internet gold rush is on?
A major shift in policy from auDA, Australia's domain name regulator has lead to an explosion in .au domain name trading.
Effective from 1st June 2008, the change means that Australians can now buy and sell domain names for profit resulting in a boom in virtual real estate speculation.
Domain names are the backbone of the internet and often aptly described as virtual real estate. Indeed, thousands of domainers around the world make their living from these online properties by buying, selling and even renting to people and businesses that have a connection to the domain name.
Now, with this new legislation, the industry has arrived in Australia with a bang. The prospect of turning a $30 or so registration fee into a 6 figure sale is probably consigned to history but one thing is sure, with 1.1 million .au domain names already registered, supply of premium domains becomes tighter and tighter leading to a surge in domain name valuations.
Netfleet is the leading website to have emerged with a focus on Australian domains with over 3,000 .au domains listed. It currently lists several sales so far including photographers.com.au for $5,000 and pwc.com.au for $9,500. Still current auctions include mail.com.au with an asking price of $1,000,000 and hobart.com.au drawing a bid of $25,000.
With less than 4 months since the dawn of this new type of investment, the .au domain aftermarket has experienced a tremendous start and it's only a matter of time until we can expect to see the first of the dot com dot au millionaires.
For more information, contact David Lye on netfleet@gmail.com or 0402 345 074
Domain name registration is the first step to start your website. As your domain name is the name and address by which you're known online, it's the basis of your online identity. The domain name registration is not that a lengthy process. Just as you prefer your child to have sensible name that reflects your belief and hope for her future, your website too needs carefully selected domain name before you proceed for domain name registration. So it's important to create the right domain name for your business. This is the common reactioVn that most the domain name consumers often say. Like naming a newborn child, your website too requires a name to be known and referred to on web. Domain name registration is about identifying your website on the net.
Domain name may be short and simple for remembering easily. Generic names are easy to remember, and there is always a generic name, no matter which business you are in. When you go onto any domain registration website, it would prompt you with a choice of similar possible web domain registration options. It can be anything between 2 and 67 characters long. For domain name registration, most generic domains are no longer to be had this can be a problem if you are in search of any good generic domain name.
If you deal in real estate, you will find domain names related to real estate which are already taken. After such process for the domain name registration, the registrar then communicates with the particular registry to make certain if the requested domain name is available for purchase or the requested domain name is already taken by another party. If lucky to have found one, check whether the domain name infringes any patent or trademark in your country or elsewhere before domain name registration.
It is likely that many such unique domain names are out of bounds. In that case, as mentioned above, opt for country-specific extension suitable to your need before domain name registration. If your company name is well known, you could incorporate that into your domain name. Sometimes it may be necessary that your domain name reflects your company name. Even so, try grabbing a suitable one, get domain name registration and finally name your company accordingly. It is then simply considerable that when you go through the process of the domain name registration, the trend nowadays is to base domain names on keywords relating to your product or service.
Both David Lye & Anand Maheshwari are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
David Lye has sinced written about articles on various topics from Domains, Cars. David Lye is author of this article on . Find more information about . David Lye's top article generates over 4400 views. to your Favourites.
Anand Maheshwari has sinced written about articles on various topics from Domains, Insurance and About Web Hosting. Anand is a Web Developer for & visit:. Anand Maheshwari's top article generates over 22200 views. to your Favourites.