Premium domains

Discussion in 'Business and Economy' started by marsh, Sep 5, 2017.

  1. marsh

    marsh Kenya Active Member

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    I've come across the term 'premium' being used in domain auction and/or selling sites. What does this mean and is there a chance that at times, this may not be the case with the domains in question? Is it a misused term?
     
  2. Kimla

    Kimla United States Member

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    I think it depends on what you come across. In most cases, premium means that it's a better deal or has a better package. I think it really depends on what you are looking at.
     
  3. tulip

    tulip Kenya Member

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    From my understanding, a premium domain is one that's been previously registered but is now back to the market for resale. Any such domain can easily command $100,000 and I think at times people love to use it in an attempt to sell a domain at a higher price.
     
  4. JackD
    • Premium Supporter

    JackD United States INForum.in Supporter

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    I think that a premium domain is one that has a high dollar value. Just like an automobile, you can buy a car but you can also buy a luxury car for much more. The problem arises when there is not a fool proof method of setting the value of a domain. So the word "premium domain" has lost all relevance for me. It is used now by anyone who wants to try and sell their $xx domain for $xx,xxx
     
  5. ritchie

    ritchie Kenya Member

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    I agree with you @JackD that people seem to have misused this term thus rendering it almost obsolete. I wouldn't be surprised if I heard of people that have been duped into spending a lot more on a domain name.
     
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  6. Mikhaela

    Mikhaela United States Member

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    You're right, it has lost all of its relevance, considering that it seems to be attached to almost every domain these days with no way to really verify if it's true.
     
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  7. tulip

    tulip Kenya Member

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    Having said all this, I think it is important for anyone looking to purchase a domain to ensure that due diligence is exercised. It is just akin to buying a property; you always want to ensure that you are treading carefully and not rushing.