More people live in the EU than live in the USA - which to date has been the most important marketplace for domains.
It is too late to find a good .com domain, all of the top domains have been bought long ago - however, a .eu domain is still considered a "TLD" or "Top Level Domain" and can be optimized to score extremely highly in Search Engine results pages.
For that reason, the .eu domain has become very popular in Europe. Europe was a bit slow on the uptake with the Internet, and many Europeans missed out on getting a great dot-com domain name - so instead, many have been going for the dot-eu domain name, which is more international than some of the country specific top level domains such as .be, .de, .co.uk, .es, .pl, etc.
The top-level .eu domain might represent the last chance for those folks who missed out on getting a valuable piece of .com real estate.
Best of all, you do not have to be a EU citizen to buy a .eu domain name. All you need is a credit card.
Why Should you buy a domain?
Many years ago, I was in the real estate business. As a real estate investor, I was buying and selling homes, but more importantly, I was buying homes to rent out. You can effectively do the same with a domain name! There are a few ways to monetize your domain:
- Parking - If you have a domain with 'type-in' traffic, you can make money from parking this domain with a parking service.
- Google Adsense - You can build a site like this one and monetize it with Google Adsense. There are simple sites that make over $100,000.00 per year just on Adsense.
- Resale - Just like in real estate, there are those who buy domains and simply 'flip' them, that is, sell them for more money.
- Typo-squatting - This is a business in and of itself... there are people who live by this and buy popular 'typos' for famous sites.
There are many more reasons to buy a domain. When you are the first to 'discover' a domain, you stand to benefit the most. The price to buy it from a registrar is very small. Like with real estate, you can develop it and make good money when you sell it or monetize it.
The land rush for dot-com domains is almost over - the best keywords have long ago disappeared, and you must hunt for domains in the aftermarket. This is not necessarily true for dot-eu domains, and it is worth your while to look for a diamond in the rough.
The Best Places to Buy Domains
There is no shortage of domain registrars... in the early days of the internet, there was only "Network Solutions". They charged a lot for a domain - and in our opinion, they still do! Then Register.com came along and gave a better deal, but they too have not lowered their rates and are not really competitive... they still charge $35.00 for a dot-com, while Godaddy charges less than $10.00 and gives better service.
It is almost impossible to find a quality dot-com domain, you can still find
a good dot-eu! Hurry up before the cyber 'land-rush' is over and you miss
the boat again.
Years ago, I used to rent apartments. This was a very troublesome business... plumbing leaks in the middle of the night, furnace troubles, non-paying tenants... nowadays, I build minisites and make money off of my domains. I make money while I sleep, and do not get woken up at 3:00 in the morning to fix someone's plumbing!
If you can find a dot-eu domain, get it before it's too late. Just like you wish you had bought that old house way back when prices were still very low... the prices for 'raw' domains are still low and will never be lower. Stake your claim now!