There are 270 million domains registered to date, only a fraction are premium domains.
Domains are premium assest digital real estate. They give authority status and credibility. People searching for keywords will more likely choose a domain that is descriptive and will proceed it to be trustworthy.
Keyword domains have the advantage of ease to recall short name brands with less confusion.
It is not uncommon for premium domains to sell for 6 & 7 figures.
Domain names are like real estate, rather than having bricks and mortar you have a virtual property that is classed as a commodity.
Depending on how many words are used and what extenstions determines the price of your domain. The most sort after domains are the ones with one or two words or or 2 & 3 letters or numbers.
Most popular and valued tld (Top Level Domain) domain extentions are .com, .net, .org, followed by the increasingly popular .in and .cc.
Try to stick with words from the english dictionary although other countries domains and language are just as crucial.
Stick to short generic words or acronyms.
About the author
Renata is a businesswoman and published author. She owns many websites and primarily focuses on Digital Marketing, Website Creation, SEO, and Domain Brokering.
Renata is also the Founder/Editor of UK Domain Brokers, UK Website Designers, Cymru Marketing Journal, and Disability UK Online Magazine.
Renata offers several services for startups and SME’s.
Renata has a large network of over 10K connections on LinkedIn, compromising of Directors, CEOs, Millionaires, Billionaires, and Royalty. https://www.linkedin.com/in/renata-b-48025811/
Her service includes Website Design & Development, SEO, Marketing, Advertising, Content Writing, and Graphic Design.