WHAT IS THE DIFFERENCE BETWEEN A DOMAIN NAME AN A PREMIUM DOMAIN NAME? WHY DO PREMIUM DOMAINS COST SO MUCH?
In the world of the Internet, premium domains are powerful entities. These domain names can make or break an online business when the owner allows the name to expire. If the domain owner fails to pay the quarterly or the yearly domain name renewal fees, the domains automatically become the property of the register. If you have already experienced this lesson, you know how things go.
The expired domains become available to the general public if no one bought the domains during a public auction. Sometimes, expired domains become a property of domain investors or also known as domainers and sometimes the expired domains end up in the hands of cybersquatters. But, regardless of who owns a given domain, there is a different class of domain names also known as premium domains.
Usually, premium domains have been registered for some time. Some of them are put to use and some are no longer registered or used by the owners. Many of these domain names are redirected while some of them are parked hoping that someone would come along and buy the name for their online business.
You probably are asking yourself – what qualifies a domain to be treated as a premium domain name?
Premium domains are the most popular and valuable domain names on the market. They are usually one or two-word domains with .com domain extension, are short, unique, and memorable.