The .in registrations started in 2005. Between then and now, the owner would not have spent more than Rs 4,500 on holding the domain name (Web address). The return is 10,455 per cent in seven years.
With the evolution of the online space, the mad scramble for buying premium domain names so that one can sell them later for huge premiums is akin to the huge rush in the US in the 19th century when lands cleared of native-American settlements were opened for possession by tax-paying farmers on a 'first come, first served' basis. The farmers, in expectation of bumper profit, rushed to claim the best land. When Oklahoma was opened for settlement on 22 April 1889, its population at the end of the day was expected to be in excess of 10,000.
Things are no different in the online world. For instance, one of the latest Web domains opened for the public on 6 December 2011, .xxx, got more than 55,000 applications within 24 hours.
According to Verisign Inc, an internet registry which handles .com domains, there were 220 million registered domain names at the end of 2011. A domain name is like a plot on which you can build an online office or home. This is because to access a website, you have to type its domain name in your browser. Read More
No comments:
Post a Comment