written by
Joe Uddeme
How to Buy a Domain Name
How to Buy a Domain Name Owned by Someone Else
Negotiating a Domain Price
What is a Premium Domain Name & Why You Should Buy One
How to Choose a Domain Name
How to Value a Domain Name
Domain Names for Startups
How to Buy a .com Domain Name
Things to Watch Out for When Buying a Domain
Domain Name Investing
Buy & Selling Domains
Best Domains to Buy
To make their first dollar, most businesses have to settle on a name for their organization. Here’s how to choose a business name that will last you well into the future.
Before you’ve hired the accountant, bought the office chair or spent 20 bucks on some gold-plated business cards, you need a name for your business.
Get it right, and your business name will be an asset that will:
Get it wrong, and you’ll be stuck with a name that could cost thousands or even millions to fix.
In this article, we’ll look at the elements of a great business name, the reasons why getting it right is worth so much effort, why buying a domain name for your new brand is essential – and more.
There are even links to a few tools you can use that will help you get your business name deliberations off to a strong start.
Why take my word for what makes a good business name? Because names have been my bread and butter for almost two decades. I help businesses buy premium domain names when they want to launch a new company or sub-brand.
When you oversee domain name transactions that sometimes run into six and seven figures, you get to see first hand just how valuable a great name is.
Key takeaways
A great business name is essential for establishing your brand and attracting customers. It doesn’t always have to be serious (there’s a popular UK TV channel called ‘Dave’!), but it does have to make sense – usually.
For example, if you’re selling luxury hats, a name like Grabbing Monkey would be just plain weird. Likewise, a bargain grocery chain would be unlikely to call itself Sumptuoso. There’s a mismatch that is just confusing.
Your business name should convey the essence of what your company does and what sets you apart from competitors. The right name can evoke emotions, tell your story, and create a connection with your audience.
Conversely, a hurriedly chosen name can be confusing, forgettable, or even off-putting.
A good business name is memorable and easy to pronounce. Think of your international audience, too – French people, for example, struggle to make sense of LinkedIn, pronouncing it “lin-ked-een”.
Ideally, it should be relevant to your industry, distinctive enough to stand out – and yet simple enough to be easily understood. Consider the following when evaluating potential names:
Begin by gathering your team for a brainstorming session. Promise a pizza break halfway through to make sure everyone is comfortable and keen to contribute. Try the following techniques to generate ideas:
If you’re stuck, consider using an online name generator – Shopify has a free one, for example. Or try businessnamegenerator.com.
We asked the Shopify tool to come up with a name for a premium domain name brokerage brand and it suggested some pretty decent ones, including Brokera and Acquireo. These tools can provide creative suggestions and help you think laterally.
Your business name should align with your brand identity, which includes your mission, vision, and values. Actually pulling this off, however, is easier said than done!
The takeaway here is don’t choose a brand name that just feels wrong. Reflect on the qualities you want to communicate and how you want to be perceived by your audience. Are you aiming for a cute business name, a professional firm name, or something entirely unique?
Once you have a list of potential names, it’s time to evaluate them. The best way is to try them on 10 people and get them to score each one. Analyze each name based on the criteria we discussed earlier: clarity, simplicity, uniqueness, relevance, and availability. A winner should emerge.
Once you have a name you like… stop. Before you get locked into it, you need to check if it’s trademarked and that it’s available as a domain name. If the .com domain name you want has gone, think twice before settling for an inferior suffix such as .info. The .com domain name still reigns supreme.
If the .com you seek isn’t available, a domain name buy-side specialist such as NameExperts.com can explain the process and costs of trying to secure it. Names that have already been bought by someone are resold all the time.
Once you’ve chosen a name, work with a designer to create a logo that complements your brand identity. The logo should reflect the essence of your business and be versatile enough to use across various platforms.
There are multiple free logo design tools to get you started, such as the aptly-named freelogodesign.org and Canva.
Before making your final decision, test your name and logo on some friends – ideally the kind of people who could also be your customers. Gather feedback and make adjustments if necessary.
Here are some examples of businesses whose names seem perfect for their business:
For businesses looking to stand out with unusual names, take inspiration from these examples:
Choosing the perfect name for your business is a big decision. Would McDonald’s have become the brand we know and love if had been called Macgillivray’s?
Would Amazon have been as successful if it had gone with another famous river, such as Thames?
Remember that your business name plays a major part in your brand identity and can have a lasting impact on your company’s success.
Whether you’re launching a startup, renaming an existing business, or just exploring ideas, take the time to choose a name that works today, tomorrow and well into the future.
And above all, choose a name that feels and sounds right.
Pick the right one, and your business will be off to a great start. And you’ll have a fighting chance of standing out in the marketplace for all the right reasons – as our client Monday.com did after a tactical rebrand.
Joe Uddeme is Director and Principal of Name Experts, one of the world’s leading domain name brokerage services. He has overseen domain name sales and acquisitions totaling more than $150 million and is renowned worldwide as a go-to expert in buying and selling premium domains. Contact us at: [email protected]
From Amazon to Coca-Cola, strong brand names have helped propel businesses to stratospheric heights for centuries. Here’s how to find one that will take yours to the next level and ensure you have a domain name that supports it.
There have been many ‘young pretenders’ such as .ai and .io, but .com reigns supreme in the world of domain names. NameExperts.com Director Joe Uddeme explains why a .com URL is still the one to aim for in most cases. Using a .com domain offers several significant advantages that can positively impact your brand’s identity, visibility, and long-term growth. To this day, a .com domain registration transfer is often the best choice for a new domain and purchase in your desired price range. Buying a domain name can be daunting and less secure without the proper knowledge of the transfer process, which is where a top domain brokerage service can help. Price range is a major factor when it comes down to buying your URL – or selling it – and a broker can streamline the whole process. Global Recognition A .com website has the most-recognized Top Level Domain: The .com domain extension is known worldwide and widely respected. When users see a .com domain, they immediately associate it with a legitimate organization. It’s the default extension most people think of when typing a domain name or securing one for ownership and transfer. It’s a key consideration when you want to acquire a premium domain name. Trust Factor Buyers tend to trust websites that have a .com domain over other top-level domains. Most International registrars support the transfer of .com and offer additional features. Since it’s the most established and widely used domain extension, it adds an element of professionalism, security and reliability to your marketing plan. This helps visitors with peace of mind and makes them more likely to engage with your entity and feel more secure. If you’re involved in domain name portfolio management, it’s a good bet you’ll have one or more .com names in your collection. Memorability and Ease of Use A short, catchy .com domain is easier for people to recall. People are conditioned to associate websites with .com, making it more likely that they’ll remember your complete domain name when searching for your business or product suite. This improves free direct visit traffic, where users type your domain into their browsers, leading to higher engagement and conversions on your site to protect your brand and keep you covered. Because .com is the default TLD, potential individuals are more likely to accidentally type yourbusiness.com even if your actual website is on a different extension (e.g., .net or .org). Owning the .com prevents you from losing traffic to other sites and allows your client to complete the navigation. It’s all part and parcel of a great brand name strategy. Customer Expectations .COM: Customers often expect businesses to use .com for both websites and email addresses. If a site uses yourbusiness.com for its website but an alternative domain like .net or .biz for its email, it could create confusion or even raise questions about its legitimacy, even if it is catchy. A professional email address ending in .com adds security and simplicity – and attracts more visitors to the domain to achieve success. Using the same .com domain for both your website and professional email helps create a cohesive brand identity for your new domain and keeps you protected and ready to continue to build your organization. Other TLDs: If your website is hosted on a .com domain but your email uses different domain extensions (e.g., [email protected]), it can lead to confusion and undermine the consistency of your brand. Clients may accidentally send emails to [email protected] because they assume your email matches your website domain. Credibility with Investors and Partners Perception of Success: Having a .com domain is often seen as a sign that a brand is more established, successful, and serious about its online presence. Investors, acquisition partners, and other account stakeholders may view your brand more favorably if it has secured a .com domain, especially if you’re targeting a global audience or providing services or support. Domain as a Digital Asset: A .com domain purchase that you intend to hold onto can also become a valuable long-term equity play. Premium .com domains tend to appreciate over time, adding value to your organization if you decide to sell or expand services to maximize the best price for transfer. Register top keywords that identify with your services or product offerings or answer questions. Purchase a .org for your non-profit or a .net for your network platform. Alternative TLDs such as .net and .org may each hold value to the domain name owner and may be attractive to the buyer as a cheaper alternative, based on the availability of domains. SEO and Search Engine Benefits Higher Click-Through Rates (CTR): A .com domain will ensure greater click-value in search engine results. Since users trust .com websites more, search engines like Google may favor them in search rankings, especially for advanced searches. Even if a domain extension doesn’t directly impact SEO, user behavior (like click-through rates) does, and .com domains tend to perform better in this area. Backlink Value: When other sites link to you, they may be more willing to link to a .com site due to its perceived authority and security. High-quality backlinks are essential for SEO performance, and .com domains tend to naturally attract more of those links. International Appeal Global Acceptance: If your organization operates globally or plans to expand internationally, a .com domain is universally recognized and accepted across borders and everyday life. Country-specific domains (like .co.uk or .de) can limit your reach or cause confusion in markets outside that specific country. They can also cause transfer issues. Consistency in Branding: As your organization grows, maintaining a consistent identity across different regions is essential. A .com domain helps establish a unified web presence, making it easier for customers worldwide to find and recognize your branding and url. Competitive Advantage Competitor Safeguard: Owning the .com version of your entity name prevents competitors from using it. Even if you currently use a different extension for your account, a competitor could purchase the .com and use it to divert traffic, confuse clients, or dilute your message or image and hurt security. Always be sure to check out a .com’s history before buying, though – there could be some nasty surprises if it has been used before. Professionalism: Many well-established businesses, particularly in competitive industries, prefer .com domains. If a competitor has the .com version of a similar name, they may be seen as more professional or legitimate than a business name using a less common extension. Having a .com gives you an edge in appearing professional and trustworthy. Versatility to Ensure Growth Future-Proof: As your network grows, the .com extension is flexible enough to accommodate expansions into new products, services, or geographic markets. Unlike some niche TLDs, which may be associated with specific industries (like .tech or .store), a .com can grow with your entity and remain relevant in any market. Resale Value: Premium .com domains can become valuable assets if your organization is ever sold or merged. The high demand for .com domains, especially short, brandable ones, means they often increase in value over time and make them an easier sale for the seller in a reasonable range. Some names exceed all expectations, however, and command seven-figure price tags or higher. What other TLDs Are Good Options? Clients ask regularly if there are decent top-level domain alternatives to the .com for transfer. There are many, including .org, .net,.co, .io, .ai, .xyz and .club domains that a degree of power and authority. Top Extensions: These extensions are popular for use in the crypto and web 3 space. There are many organizations that capitalize on the generic value such as the banking industry with the .bank top-level domain. With more than 2,500 new GTLD domain extensions, you can now register and transfer anything from .legal to .car for your business, which is worth knowing if you’re securing a unique domain name for a startup in particular. Here are a list of some top extensions and how they’re often used: .ai: artificial intelligence, machine learning support, reasonable renewal cost .net: internet infrastructure sites, more technical, fairly reasonable renewal cost .co: abbreviation for commerce, corporation and community .org: non-commercial org and non-profits .io: tech sites, business or commercial use support You definitely don’t need to use a website builder for every domain name you purchase. Make sure you forward any additional domain names you register to your primary site and add a secure server to protect your organization. The .com Domain Should Be Your First Choice When we talk about long-term investing and ROI, we think about the stock market, commercial or residential real estate investing, gold bullion and Forex – but domain investing is a legitimate business pursuit, too. Domain names hold value and add instant equity to the branding strategy and ownership in the purchase and sale of domain names. There are hundreds of thousands of prime opportunities to invest in the domain space – and as the last 30 years have shown, the .com is the most credible TLD on the market, both domestically and abroad. This holds true if you are buying your domain for your business or to hold and transfer at a later date. Whether this is your first domain or you own many, the .com creates easy accessibility for consumers and brands alike. Brand Protection: Companies work hard to protect their domain brands, accounts and marketing tactics. They invest millions of dollars and countless resources at building that beach-front real estate and maintaining their Internet presence in the world. As leaders in the domain space, the NameExperts.com team continues to recommend the .com as the superior domain with considerable upside and long-term equity potential. Case Study: Tesla.com domain acquisition Here’s a case study of a .com domain acquisition transfer that highlights the importance and benefits of acquiring a premium .com domain for a business. The study involves Tesla’s acquisition of Tesla.com. Background: For many years after its founding, Tesla, the electric vehicle manufacturer, operated under the registered domain TeslaMotors.com. Despite its growing success, the entity didn’t own the highly sought-after Tesla.com domain. TeslaMotors.com was functional, but having Tesla.com would better align with the company’s image as it expanded beyond cars to include energy products like solar panels and batteries. The domain Tesla.com was originally owned by a man named Stuart Grossman, who had registered it long before the organization existed. Grossman wasn’t actively using the domain, but he also wasn’t interested in selling it easily, making the acquisition a challenging and lengthy process. The Acquisition Process: Need for Rebranding: As Tesla grew and became a household name, the organization realized that TeslaMotors.com was limiting its branding. The “Motors” in the domain name suggested a narrow focus on cars, whereas Tesla’s long-term vision encompassed energy solutions, solar products, and batteries. The organization needed a simpler, cleaner domain—Tesla.com—that reflected its image as a leader in the broader tech and energy sectors. Complex Negotiation: Elon Musk, Tesla’s CEO, revealed that acquiring Tesla.com was a difficult process, taking over 10 years of negotiations. The domain owner, Grossman, was reluctant to sell the name for many years, leading Tesla to offer a significant amount to finally secure it. Musk later hinted that they had paid $11 million to acquire the domain, though exact figures weren’t officially disclosed. Hands-on Approach: Tesla’s approach to acquiring the domain involved: Patience: Tesla waited until the domain owner was ready to sell, all while continuing to build their company. Persistence: Tesla remained in contact with the owner over a long period, signaling ongoing interest and ensuring the owner knew they were serious buyers. Strategic Timing: Tesla finally closed the deal when they were ready to reposition their entity from just a car line to a broader energy and technology company. Outcome: In 2016, Tesla successfully acquired and completed the transfer of the Tesla.com domain and immediately rebranded their website and digital assets. This acquisition allowed Tesla to secure its concept and image across all its product lines and simplify its online presence and customer support tools. About the author Joe Uddeme is Director and Principal of Name Experts, one of the world’s leading domain name brokerage services. He has overseen domain name sales and acquisitions totaling more than $150 million and is renowned worldwide as a go-to expert in buying and selling premium domains. Joe’s specialty is helping clients secure .com domain names that appear unreachable – and at the right price, too. Contact Joe at: [email protected]
Over the past few weeks, there have been many readers asking about the effects of Domai Names and Covid-19 on domain names. Should we hold our names, or sell them now? How has the impact of the global pandemic affected domain name investors and owners of valuable digital assets? Will we be heading for a deeper depression, and how would all of that translate into the current value of your domain name portfolio. In the short term, if you can sit on your names, you would probably be better off in the long run. The market uncertainty has thrown domain name values for a loop. Financial market volatility has a direct correlation with domain name investment values. As a result, now is not the time to sell your domain name to the end-user. Its also not the time to expect top dollar values on your domain name inventory. The market is different and is reactive to today’s landscape. Folks are still trying to figure things out—and most importantly—stay healthy. We are faced with a new way of life now with remote workplaces, and limited exposure to the people we care most about. When the dust settles, domain name portfolios will evolve and some additional GTLD’s will continue to go by the wayside. Domain name starts will continue to suffer (a start is defined as a new potential domain name acquisition or valuation). Brands push Pause Just three weeks ago, domain starts were up. The market was robust and many startups, and emerging brands had major growth. 2020 was off to a great start and then boom. In a matter of weeks, things have dried up. Most acquisitions that were on the target board have been placed on hold, with buyers deciding to wait for the dust to settle from the outbreak. Things are rough and will continue to deteriorate. Growth has turned into retraction with global markets reacting to their municipalities ability to control the spread. Simply put: things have frozen. People aren’t spending and have decided to stand pat. Hundreds of thousands of employees are losing, or have already lost their jobs around the World. Companies are scrambling for a plan to deal with the circumstances. What should we do? As with any alternative or digital investment, it’s wise to have a long-term plan. Domain names, are very similar to real estate and will ultimately retain value and upside. More specifically, .com digital real estate will continue to hold value. Additional TLDS will continue to fade out—at a fast clip than over the past two years. Only sell if you need the capital—understand that the market is different so selling now, will probably not deliver top dollar for your asset. Hold if you Can—now, more than ever, you should hold your inventory. You might be in it for a while at this point. Can you afford to wait for the proper rebound? Don’t panic—there is always liquidity in domain names Diversify your portfolio—now is the time to clean out the junk and trim the fat so-to-speak We always encourage you to like our articles and share with your network. Keep a look out for additional pieces related to the current climate for domain names as an investment tool and provide your feedback if there are topics you would like for us to cover. Learn more by visiting our website. NameExperts.com
Name Experts offers personalized domain brokerage services, assisting clients in buying or selling premium domain names with expert appraisal, negotiation, and complete transaction management while ensuring confidentiality.
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