Domain Investing in Nigeria Full Review

Domain investing is an online investment model that has stood the test of time due to its low-entry Cost, high return on Investment and increase in demand for quality domain names by new startups or establish brands that are seeking to rebrand to improve their online presence.

Think of Domain Investing as an Online real estate, it really becomes clear where the money lies and where you’re able to make money.

 Domain Investing in Nigeria Nigeriantech.com.ng

Imagine owning plots of land on an Island in Bahamas where you get approached by high profile investors, musicians, actors, hotel investors etc. with each of these individuals trying to purchase the land because of its exclusivity and potential value for business.

You are in an advantageous position while negotiating with these individuals, as such, you will make a huge profit by selling the lands. Same technique applies to Domain Investing.

If you hold a valuable and high quality domain name, you will get approached by a lot of businesses that seek to improve their online presence.

So, as domain has and will continue to go up in value faster than any commodity known to man.

The internet has provided us with various means of making legitimate income online, and one of the model provided is Domain Investing.

In this post, these are what we will be looking at in order to get the full picture of what Domain investing is all about.

  • What is a Domain Investing?
  • What is a domain name?
  • Types of domains keywords.
  • Types of domain extension.
  • How is domain different from a website?
  • How to choose a domain name
  • How to buy a domain name
  • Where to sell a domain name.

According to report by Verisign The third quarter of 2019 closed with 359.8 million domain name registrations across all top-level domains (TLDs), an increase of 5.1 million domain name registrations, or 1.4 percent, compared to the second quarter of 2019.1,2 Domain name registrations have grown by 17.4 million, or 5.1 percent, year over year.

This report confirms that domains are not going away anytime soon, so having knowledge of what kind of domain name to invest in would be really beneficial

As noted earlier, Domain Investing is one of the many ways of making money online as long as you’ve have a mobile device to navigate the digital space.

You don’t need to be a programmer or a geek to be a domainer. All you need is your time and intellect to handle the domain strategy. However it will require some capital and work just so you know.

What is Domain Investing?

Domain Investing in Nigeria Nigeriantech.com.ng

A Domain Investing is an act of investing in a domain name for a long or short time to exchange for profit when an end-users finds interest in it.

You must be thinking that the definition is short, Lol But then that’s the newbie definition for anyone who wants to venture into domaining business.

What is a Domain Name?

A domain name is a digital address that makes it easier for a website to be located. For example, your house is the website and your house address is the domain name. It’s simple, right? Of course it is simple.

Types of Domain Keywords

There are six major types of keyword domain name:

  1. Generic
  2. Exact Match
  3. Brandables
  4. Acronyms
  5. Numeric
  6. Alphanumerics

Quickly troll down the summarized view on the types

Generic — These are dictionary terms not related to specific products or any registered trademark.and has real life use. Example is Pet.com, House.com, Game.com

Exact Match — These are single or multiple keywords that exactly define product service. Examples are HomeService.com, CloudComputing.com,RentalCar.com.

Brandables  –This are made up keywords that do not exist in the dictionary. Example is Google.com, Spotify.com and more.

Acronyms — These are a series of letters, generically represented by L, as in LLL for 3-character keywords like AIT.com, PDP.com,APC.com that can portray diverse meanings.

Numeric  –– These are a series of numbers, generically represented by N, as in NN for the 2 character keyword 12.com, 13.com and more.

Alphanumerics — These are a combination of letters and numbers, such as 1N.com, 2B.com and many more.

Domain Extension Types

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Top-Level Domains (TLD) Industry-standard extensions that started the domain name business:

  • .com – Commercial use; trusted as the standard for domain names; most popular and valuable TLD;
  • .net– Originally networks; much less popular than .com.
  • .org – Not-for-profit organizations
  • .edu – U.S. higher education
  • .gov – U.S. national and state government agencies
  • .mil – U.S. Military
  • .int– International organizations

Later Extensions

  • info – Information
  • .asia – Asian-based entities
  • .biz – Business
  • .mobi – Mobile-compatible sites
  • .name– Names

There are others too and i’d rather just fix a few still, the .com is the King of all domain extensions. The .coms sell for more.

How a Domain is different from a Website?

The difference between a domain and a website is that a domain is the address that allows a website to be located. Without a domain name, it is not possible to build a website! It’s as simple as that.

How to choose a Domain Name

Here are some quick tips to help you choose a domain name for your next website.

  • You’ll need to stick with a .com domain name extension as it is the most popular, easy to remember, easy to market and easy to type in by possible users.
  • Make sure it is shorter and easier to remember
  • Make it easy to pronounce and spell
  • Do not use numbers or hyphens

How to buy a Domain Name

Domain Investing in Nigeria Nigeriantech.com.ng

While choosing a Registrar for your domain names it is important to have the following factors as a guideline for making your choice

  • Security: this a measure of how secure your domain name is with the Registrar. Do they offer 2FA (2 Factors Authentication)? WIll your domain name be pulled out of your account without consent? etc.
  • Ease of Transfer of Domain Name: This is a measure of how fast you can get your domain transferred upon request, some registrar will delay your transfer for few days while some will honor your transfer request immediately
  • Privacy: while some Registrars charge for WHOIS privacy, other provide WHOIS privacy for free

If your decision for choosing a registrar will be based on the aforementioned factors, then it is highly recommended that the following registrars to you

 

Epik.com: Epik provides free privacy for every domain name registered, it accepts various payment methods like Credit Card, Wire Transfer and Paypal thereby making it easier to make purchase for your domain names. Also there is a 2 Factor Authentication process in place to secure your domain name.

Others are :

  1. Dynadot.com
  2. Namesilo.com
  3. Qserver.Net
  4. Namecheap.com
  5. Godaddy.com and lots of others

How to sell a Domain Name

i wouldn’t recommend you sell your domains because it could come in handy, but you know what ever rocks your boat. However, there are lots of marketplace where your domain can be sold for a great value. While choosing a marketplace to sell your domain names, it will be important to consider the following factors

Commission: Some marketplace charge exorbitant commission as high as 35% after your domain name has been sold while marketplace like marketplace.epik.com charge 9% commission.
Ease of withdrawal: How easy is it to withdraw your proceed after sale, will you have to wait for days before you can get your money
The following are recommended marketplace to list your domain name for sale;

  • Epik.com
  • Afternic.com
  • Sedo.com
  • Dan.com
  • Namejet.com and lot more..

 

Chinedu Okeke

Chinedu is the founder of Nigerian Tech. He is a tech enthusiast who has the passion for emerging trends in the tech industry. He is also a professional web content developer.

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