We all know how much a domain is. A typical .com available for registration would probably cost about USD7-10 or somewhere around PHP500 here. But read how Alan Dunn then says $10,000, more or less PHP500,000.00, domain is still cheap if you really aim to establish a solid presence online.
Alan goes on to distinguish the difference of investing a one time big time fee for a domain rather than resort to traditional media like billboards, print, radio, and tv.
If you spend $10,000 on a domain name your only future expenses are the $8 a year in registration fees - not even $8 a month … actually less than $1 a month.
Of course there are other expenses such as building a website and SEO but all of these expenses are costs which go directly to building value to something you own – not airtime or billboard space you are leasing!
Filipinos will definitely not see this to be practical but people of the West seem to think otherwise. Nevertheless, we have our own standards and frankly, local business could still take advantage of how the internet is still young and every business is only learning to establish their presence online. Many businesses don't realize the potential that's there to grab right now in terms of online marketing considering how booming Philippine E-Commerce is but I'll post more thoughts on that next time.
For now, Continue Reading: Why $10,000 For A Domain Name Is Still Cheap - a good basis on what to say when you're asked to explain the values of virtual real estate.
I think its better to spend that kind of money developing an app for smartphones, desktop websites are really old news. people are carrying smartphones and want information quickly. so why not get your message out there on devices people use today? you dont really need a killer domain name anymore, and search engines take forever to re-rank them anyway
That’s a good idea, Eddy
For the likes of you and me who are tech-savvy, we have that edge of being further updated and well rounded in the new age things, so jumping in on those kind of opportunities gets you off on a better foot.
But right now where type-ins still command a great amount of traffic, it’s a nice asset to own such domains. Specially considering how young the internet is and how ppl are still just managing to go through the www.