Thirty-six years ago, in 1985, symbolics.com became the very first registered domain name on the internet. Now, in 2021, there are currently 1.83 billion websites online with 363.5 million more domain name registrations just in the first quarter of this year.
In the short domain name history, ICANN was founded in 1998 to manage critical names and numbers for DNS. They then wrote new applicant guidelines for gTLDs in 2014, and by 2019, voice.com was sold for 30 million dollars. Domain names and registrations have come a long way in a very short time, and their growth is doing anything but slowing down.
The current increase of domain name registrations is 4.2% year over year, and over 50% of these end with “.com.” With this continued exponential growth of live, registered websites, it’s becoming increasingly difficult to get a premium domain name, which is absolutely vital to a thriving business.
While a domain name can be just about anything, a premium domain name is short and immediately appealing and memorable. These kinds of domains are so valuable that cars.com was purchased for 872 million dollars in 2017, and in 2018, Erik Bergman bought great.com for 900,000 dollars.
Choosing a domain name can easily determine the outcome of a new business endeavor.
Source: SBALoan.com