You may have searched for a variety of domain names for your business. While doing so, you definitely would have come across a few domain names whose price is much higher when compared to the others.
These are the premium domain names. As the name suggests, these domain names are pretty expensive and may leave you wondering if you really should be investing so much in them. These premium domain names are already owned by a registry or an individual and their price can vary from several hundred to thousands of dollars.
This high price of a domain name is due to the fact that these premium domain names are more valuable than the regular ones. However, it is interesting to note that this high price is only relevant during the initial domain name acquisition. Once you invest in it, you can renew it on a regular basis at regular prices.
Reasons Behind why Investing in a Premium Domain Name is a Good Idea
1. Easy to Remember
When the domain name is catchy and is shorter than the others, the visitor traffic on your website can improve to a great extent.
2. Magnified Brand Image
When the domain name is of high quality, it will directly improve your website’s credibility which in turn improves the chances of the potential buyers placing an order for your products or services.
3. Better Ranking on Search Engine
Premium domain names also include certain keywords which can give your website a higher ranking in the search engines.
4. Generate More Traffic
A premium domain name can help you in generating higher traffic on your website which can significantly improve the conversion rate of your business.
When you invest in a premium domain name, you can sell it in the future at a good price which makes it a great investment for your business.
You may be wondering about how to find out if a domain name is premium or not. The most prominent giveaway, in this case, is the price. Most of the regular domain names come at a price of about $10-$30 but the price of the premium domain names would be much higher when compared to this.
The premium domain names come at an expensive price due to the positive impact that it can have on promoting and growing your business. With such domain names, you can expect healthy traffic and enhanced reputation of your company.
This can help you in saving you a lot of time and effort in marketing your products and services. Such a domain name can give an instant brand image to your business and come with a high keyword volume which can put you at the top when potential buyers come looking for the services and products being offered by you.