The internet is indigenously extremely fast paced with billions of users online at a time propitiating financial requirements, some planning to broaden their objectives globally and others merely trying to make an impact on a vast expanse of social networks. Naturally enough, none of this can be possible without a domain which is a foundation basis for online activity.
Domain names can be expensive to own and the main factor contributing for their price is always their memorable and unique identity called a domain name. Ownership of www.facebook.com or www.ebay.com would have come off at a normal standard rate of probably $15 through the most local of host registrars some 15 years ago but after mammoth of an increase in popularity, these identities are likely to be worth in billions of dollars today. By no stretch of the imagination is it suggested that one should try to buy these names, but it makes clear to an average individual the value of domain name personalization and the usefulness of their inherent uniqueness.
Since there is no bar to how many domain names you can purchase and what combinations you choose to go by, it is very probable that typical domain names were already taken by somebody at a certain point in time. Popular domain names suffixed by “.com” or “.net” are globally accepted as the most prudent online, hence their comparative higher cost of ownership compared to less fashionable names ending with “.info” or “.se” etc. This makes it all the more urgent for anybody to keep the most sensible, clear, unique and purposeful website names for themselves as directly or indirectly these hold a greater value in more than just terms of money.
Domain Name Auction, as the term implies is the public bidding for the ownership of domain names where a buyer can purchase already occupied identities of webpages or those that have gone redundant over time. Very much like in any auction, the highest bidder wins and more desirable a domain name; the higher its cost is going to be. Normally these types of auctions are conducted online where auction sites also provide facilities to ensure safe transfer of money between stakeholders and domain properties between them. The entire game of wanting to purchase a domain and getting into an auction revolves around how much a bidder wants to reflect his web content to the actual name of his website. Evolution of efficient search engines further the bidder’s cause and is also the reason for the increase in popularity of domain auctioning over the past few years. With the help of auctions people are no longer obliged to choose alternate names for their websites, as was previously the case.
A good, personalized domain name should be easy to understand and remember and most of all, relate in the best way to the content you intend to put on it. Top Level Domains ending with a “.com” or “.net” are preferable if you need to attract more visitors. Try not to mislead visitors by having an absurd name for a website that sells cars to be www.babies.com. A clear website name free from confusing terms in it is bound to direct more users to it which in turn makes a webpage advantageous for making money in the longer run.
To participate in a domain name auction is quite simple with the help of a domain auction website. These basically compile a list of domains available for sale for interested buyers to browse. Parties wishing to sell a certain domain may also enlist more than one domain for prospective buyers to surf through.A small cut in the sale is held by the website holding the auction capitalizing on its popularity which attracts a larger market for buyers and sellers.
A popular website to participate in an auction is auctions.GoDaddy.com. A relatively simple process ensues requiring little or no technical knowledge enables you to view and buy the available domains for sale. Since domain names have become more and more lucrative after the advent of “pay-per-click” feature and powerful search engines where keywords entered by a searcher will almost invariably direct a user to a certain website, so have the number of websites holding such auctions. Some of the most popular are www.ebay.com and www.sedo.com. A typical domain name auction is held in as much the same way as any other auction. After you log in to the auction website, it asks you to enter the name you are looking for and produces the most similar results if the exact match is not met. All auctions have a time limit till they end and the name is awarded to the highest bidder in the end. Once you have selected a domain to opt for, the website displays the stats for that entry like the time the auction ends, how many bids have been made, age, views etc etc. Place a bid if you wish for that domain and after the end of the auction period the ownership is automatically awarded to the highest bidder.
These websites also provide Instant Purchase Option where you need not participate in an auction and take the domain name directly by usually paying a larger amount of money. This makes sense to those people who cannot risk of losing in the auction and the ownership of the domain means a lot more than what it costs.
Domain auctions are popular on the internet. Some popular domain auctioning websites are:-