Greg Ponesse — July 23, 2007 — Pop Culture
References: cnn
The buying and selling of web addresses is becoming big business. Thanks to pay-per-click advertising, the business could top $4 billion by 2010. Why you ask? People no longer look at web addresses as a commodity, but rather look at it as a piece of real estate.
Implications - The vast expansion and widespread adoption of the Internet has turned online domains into valuable virtual lots. Savvy entrepreneurs are monetizing domain names just as real estate developers might monetize a rental lot. To take advantage of this opportunity, companies can purchase a series of relevant domain names and place a carefully curated blend of unique advertising and content on them.
Implications - The vast expansion and widespread adoption of the Internet has turned online domains into valuable virtual lots. Savvy entrepreneurs are monetizing domain names just as real estate developers might monetize a rental lot. To take advantage of this opportunity, companies can purchase a series of relevant domain names and place a carefully curated blend of unique advertising and content on them.
Trend Themes
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Domain Monetization — The monetization of online domains has created opportunities for savvy entrepreneurs to turn online domains into valuable virtual lots for generating revenue.
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Virtual Real Estate — The widespread adoption of the Internet has turned web domains into valuable virtual real estate, opening up opportunities for real estate developers to monetize domain names much like rental lots.
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Pay-per-click Advertising — With pay-per-click advertising, buying and selling web addresses could hit a $4 billion industry by 2010, opening up opportunities for businesses to monetize their domain names.
Industry Implications
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Technology — With the vast expansion and widespread adoption of the Internet, technology companies are uniquely positioned to take advantage of the opportunity presented by the buying and selling of web domains.
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Advertising — Advertising firms can generate revenue by purchasing a series of relevant domain names and placing a carefully curated blend of unique advertising and content on them.
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Real Estate — The monetization of web domains has created opportunities for real estate developers to monetize domain names much like rental lots.
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