20th March 2009
Business 'still thriving' for domain name firms
Domain name news brought to you by DescriptiveDomainNames.com
Domain name trading is a market that is likely to thrive for the foreseeable future, according to one expert.
Geoff Wicks, chief executive of domain-name management firm NBT, said that web addresses continue to be highly sought after due to the "real value" they can bring companies.
Speaking to the Telegraph, he cited statistics which showed that the number of domain names in the world increased by 16 per cent in 2008 and by 27 per cent the year before.
His comments were backed up by the Bank of Scotland's corporate director Anil Ahluwalia, who said: "Internet domain names are basically intellectual property.
"Companies don't necessarily want to use them all themselves, but don't want other people to use them."
The value of the right internet address can be highlighted by the starting prices of some generic domain names.
For example, those interested in buying Printers.com or Camera.com would need to spend upwards of £1.5 million and £1.1 million respectively.
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