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November 13, 2014

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Here's the The Lowdown from DN Journal,
updated daily
to fill you in on the latest buzz going around the domain name industry. 

The Lowdown is compiled by DN Journal Editor & Publisher Ron Jackson.

Archeo Domains  Rings Up $1.6 Million in 3rd Quarter Sales - Says When it Comes to Domains Size Matters

Archeo Domains reported today that they closed $1.6 million worth of domain sales in the recently concluded 3rd quarter of 2014. Archeo released their results in a newsletter that also provided some insight into how domain length affects sales. They said that domains ranging from 8 to 12 characters generated 60% of their sales with 9-character domains being the most popular. We weren't surprised to hear that - after all DNJournal is a 9-character name! :-)

Though those lengths accounted for the most sales, the highest prices, as you would expect, went to shorter domains, though the difference was less than you might have guessed.  Archeo said their 4-character domain sales went for an average selling price (ASP) of $30,000 but those at 15 characters were just a tick lower with a $29,000 ASP. When you stretch it out to 23 characters it's a different story with the ASP dropping to $3,000

Archeo also used their quarterly newsletter to make a case for premium domains to their end user clients (52% of small businesses still do not have a website)! Archeo told them "Having a website not only helps establish credibility and attracts new customers to your products or services, it also serves as a powerful marketing tool that works 24 hours a day, seven days a week. With no additional employees or as with most small business, operating solo, a website is like having an entire team that is on and working while you're sleeping, on vacation, or spending time with your family. This is an efficient way to keep your virtual doors and new opportunities open, even when your actual business may be closed!

With respect to domain selection, Archeo offered some tips in this graphic:

 

(Posted Nov. 13, 2014)  


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