Why is it important to invest in domain name for any online business?
For any online business, a domain name is an asset like a property. Suppose you buy a property and start a shop on it and after a few years, in the worst scenario, if your shop business fails, then you can shut down your shop & can sell your property. In any case, while selling your property, you also calculate your investment with interest (property price appreciation & property location). The same case can be applicable to domain names (digital locations) too. Domain holding system is somewhat similar to Mumbai pagdi system. The ‘pagdi’ system is a type of leasing in which the renter has certain ownership rights over the property.
Byte-Man provides one of the best software consulting services. If you are confused about choosing your startup/company name or buying a domain for investment or any software consulting, then feel free to contact. Our initial consultation fees are quite reasonable.
Why is domain name investment still important in the era of Mobile Apps?
As a software consultant, generally I would suggest a small/midsize business should go for a mobile app only if that is going to be used by their customers on a daily basis. Let me give you some simple examples. Gaming , payment or entertainment apps(like streaming, photo editing etc.) have daily users. Food delivery app(Zomato/Swiggy), ridesharing apps(Ola/Uber) or streaming apps(Netflix/Hotstar) etc. have a frequent user base. But, there are some segments or services like loan, property, car dealings where their general customers (esp. of a small/midsize company) aren’t looking for their services on a daily basis. Many of them prefer to go through mobile friendly website over downloading a mobile app when such services are needed. I am not concluding that mobile apps aren’t important but they won’t substitute mobile-friendly websites. In short, domain names are still important.
Difference between Domain Squatting and Domain Investing
There is a huge difference between domain squatting and domain investing.
Domain Squatting means purchasing a domain name under bad faith business practices or misusing a domain name which negatively impacts other entity’s reputation, identity or business.
Domain Investment means purchasing generic or legit undervalued domain names and reselling them at a higher price based on market demand and trends.
