GEO, city, and place domain names
In the search for investment opportunities in the field of the TLDs (top-level domain names), GeoDomains could come handy.
GeoDomains take advantage of the fact that thousands, to hundreds of thousands, to millions of people know the name of their town and surrounding areas and cities.
Sports teams, newspapers, business and clubs, and associations all use and reinforce the branding of a city name for a company or website. A city or place name is a distinct sign of credibility, as well as makes a website address easily memorable.
Easily recognisable, the GeoDomains are among the most desired, wanted, and also scarce with sometimes only one perfect domain name to match an industry or an activity. If there are hundreds of companies or users, the value of the one and only one best domain commands a higher price.
You can shop for GeoDomains on the Cloudname marketplace using the category name GEO in the dropdown box on the main page.
What is a GeoDomain?
A GeoDomain is a domain name that is spelled exactly as an existing geographic area, like atlanta.com or hawaii.com. Apart from the name of a city or a state, GeoDomains can contain the name of a country, a region, a town or a place, a street, or even a neighborhood, in brief of anything related to a geographical location.
GeoDomains may also combine the name of a city or place with a purpose (Blog, Forum, Guide), industry (Real Estate, Homes, Painting, Repairs), and/or profession (Doctor, Electrician). And most of them have been taken for over 20 years and traded in aftermarkets.
This type of domain names is considered of high value due to its limited number, clear location associations and the high names’ recognition, especially if they come with the .com extension.
How valuable can GeoDomains be?
In 2000, a deal for some USD 5 million was signed for the GeoDomain name korea.com. Two years later, israel.com was sold for USD 5.9 million.
During this time, similar, less expensive deals were made until one of the biggest in the world of GeoDomains was closed in 2013. China.com was sold for USD 11.7 million to the Propaganda Department of the Chinese Communist Party’s broadcaster China Radio International.
Other significant GeoDomain names’ sales and acquisitions were those of england.com, when back in 1999 it was sold for USD 2 million (equivalent to USD 3.47 million today) and of california.com, sold in 2019, for USD 3 million.
- – russia.com $ 1,500,000 2009
- – melbourne.com $ 700,000 2007
- – macau.com $ 550,000 2006
- – longisland.com $ 370,000 2010
Easy to remember, to communicate, and to relate to, potentially limited in numbers, and high in demand, GeoDomains had all the necessary features to drive the domain trade for decades ahead.
Until 2008, two GeoDomain Expos were held in Chicago, IL. gathering hundreds of traders and entrepreneurs willing to share experience on the management and potential trade of their domains.
Up from then, the number of news on the geo-related domain names decreased with sporadic mentioning of some high and mid-valued deals.
How to make GeoDomains desirable again?
With the investors’ focus on the GeoDomains slightly turning off, the entrepreneurs took over.
By linking a keyword with a geo-location like in the case of chicagolawyer.com, the domain names keep their geographical feature and gain, and at the same time, a powerful, highly recognisable keyword. With the lack of threat of a hostile takeover by a state-run company, these types of new GeoDomains easily became desirable and high-priced.
GeoDomains parisdentist.com and berlinart.com are free at the time of publishing the article and both their prices go above USD 5,000.
Less-risky, this type of GeoDomains became a niche and a good catch in traders’ wallets. In 2021, squadhelp.com created a Geo-Domains Marketplace – a dedicated platform focused on businesses’ need for a geographical domain name but also for the geo TLDs traders.
The need of better recognisable geo TLDs and the attempt to escape the ccTDLs (country code top-level domains) like .co.uk, .eu, .us, etc, led to the creation of a number of domains with actual geographical extension like .rio, . berlin, .wales, .corsica, .africa, among many others.
Available for private use, their value varies depending on the keyword. Dentist.london costs around USD 5,900 while pet.asia is valued at USD 8,800 – both domain names were not taken at the time of publishing the article.
The organic search for safe, reliable and easily recognisable geographical domain names will never end. Potentially limited in terms of numbers and keywords, these GeoDomains will always be high-valued and well-desired in traders’ portfolios.
By the way, pub.wales is for sale, only, you’ll have to negotiate it from its owner and even the domain traders’ platform do not show a price estimate of it
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