Janice R. Andrews
2024 will bring about a revolutionary change for Nigerian laborers: they will be able to get their pay in US dollars without having to leave the comforts of their homes. Many opportunities arise from this tectonic upheaval, and one that is receiving attention is the premium domain industry. This post will define premium domains, explain how to buy them, and discuss their financial advantages. It will also highlight a promising financial prospect for 2024.
Premium Domains: What Are They?
Nigeria is starting to see a rise in the premium domain industry, which has been flourishing in the USA, Canada, Australia, the UK, Germany, and Ireland. Short, memorable, pronounceable, and simple to remember domain names are characteristics of premium domains. Not only do their unique qualities set them apart, but so does their price; they are regarded as extremely costly. For their online presence, businesses in developed nations sometimes shell out thousands or even millions of dollars to purchase these premium domains.
Sales of Premium Domains: Examples
Take a look at some significant transactions in the international market to get a sense of the premium domain market’s potential:
- Business.com — the $345 million sale
LasVegas.com sold for a total of $90 million. - CarInsurance.com ($49.7 million) was sold
- Insurance.com made a $35.6 million sale.
$35 million was paid for the sale of VacationRentals.com. - PrivateJet.com – the $30.1 million purchase
Voice.com had a $30 million sale.
Web.com was sold for $18 million. - 360.com — a $17 million sale
It’s interesting to note that Nigerians first bought certain premium names that were sold on the international market at Travads, a bargain club.
How Premium Domains Can Be Used to Make Money:
The procedure is purchasing premium domains at a reduced price, often between $1500 and $3000, and reselling them at a substantially higher price, occasionally between $50,000 and $150,000, on the international market. This company concept allows Nigerians to participate in the global economy in US dollars, and it boasts an amazing profit margin.
Purchasing and Vendoring Exotic Domains:
Following application, approval usually occurs between three to five business days. You will be assisted in selecting quickly-selling domain names by a dedicated account manager. The special feature is that the backend team at the domain discount club does all of the work, negotiating on your behalf with end users, so you don’t have to actively seek consumers.
Is It Possible to Purchase Multiple Premium Domains?
Yes, it is both feasible and advised to purchase several premium domains. It’s best to get three or more names at once because of the erratic exchange prices.
Determining the Selling Price:
An admin page is generated upon purchase, giving you the ability to determine the asking price for your premium domain. Your personal account manager is qualified to offer professional price advice.
Who Sets the Price at Which the Domains Will Be Sold?
Using your admin page, you have total control over the selling price. With help from your account manager, you may purchase a premium domain for a few thousand dollars and position it for sale for a high price.
The premium domain industry offers Nigerians and others all around the world a genuine and open way to make money in US dollars. Success examples from a range of backgrounds, including students and company owners, highlight the legitimacy and accessibility of this financial endeavor. The domain discount club of Travads, which has physical locations in Nigeria and the USA, has established a solid name and trust over the years, making it a trustworthy resource for anyone looking for income prospects in 2024.
