"/>

This site will look much better in a browser that supports web standards, but it is accessible to any browser or Internet device.





IT news articles from ihotdesk
E-mail article
Print article
Complete a contact form
Contact us
Have a representative from ihotdesk call you
Request a
call back


Articles/News

Return to article list

Generic domain name market is 'becoming like a stock market'

Communications
Outsourcing
Product
Project
Security
SME IT
Software services
Get the hotNews RSS Feed
click here

News Archive

Year Category  
2008 Outsourcing 75
2008 Software services 8
2008 Project 3
2008 Security 35
2008 Product 23
2008 Communications 69
2008 SME IT 83
2007 Outsourcing 252
2007 Software services 165
2007 Project 158
2007 Security 120
2007 Product 146
2007 Communications 82
2007 SME IT 14
2006 Outsourcing 123
2006 Software services 133
2006 Project 46
2006 Security 120
2006 Product 126

Breaking news from ihotdesk, the home of IT outsourcing in London:
The generic domain name market is becoming "a bit like a stock market", according to one industry expert.

Category Communications
29 February 2008
 
The generic domain name market is becoming "a bit like a stock market", according to one industry expert.

Online provider of domain registration services Domainmonster.com highlighted cruises.co.uk, which was sold for a record-breaking amount at the beginning of this year, as a good example of this trend.

The firm notes that whoever had owned it initially could have had no idea how much they would sell it for, demonstrating the benefit of buying a number of "stock", or domain names, and seeing which grows in value.

Matt Mansell, managing director of Domainmonster.com, said: "Some people can hold a rota of 50,000 domain names that they own, and if one of those sell for a million dollars then they were all worth a couple of pounds to maintain.

"Equally, if they sell one in every 100 for £2,000, well then that is good news too."

The most expensive .co.uk domain name is cruises.co.uk, which was purchased for £560,000 in January.

In second place is recyle.co.uk which went for £150,000 last October, closely followed by ink.co.uk, which was sold for £130,425 in 2007.

ADNFCR-8000229-ID-18489061-ADNFCR© Adfero Ltd
Related articles
'New iPhone will prove popular'
Mobile bundle deals on the increase
Smartphone sales continue to rise
'Buyers aware of mobile technology range'
Mobile email service launched

Read all news