A Rush on Internet Real Estate

by Rachel Pradhan, Director of Marketing 8. February 2011 16:25

Oklahoma Land Rush

Did you know there's a land rush going on the Internet? If not, you'll soon notice when you see domain names with extentions like .vegas or .sports. That's right - we may soon see the '.com' turn passé when we can get a domain name with a .insurance or a .ins.

How soon could we see this? ICANN, the organization that oversees the growth of the web, is now ready to offer these to the public to buy-up, and like any 'land grab' it's best to get in early. It's a little pricey though, at $185,000 just to register, but once you do you can sell the domain names - such as www.hotels.vegas or www.golf.sports - for a good profit.

Personally, I'm looking forward to the new extensions as many new businesses find it difficult to find their business name in a .com. With the new extensions we may also find a whole new way to brand business' website's. It will also be interesting to see how Google regards all these new extensions and how it plays out in search engine optmization.

Branding .JOBS is a great example of how a good extension can get you some PR while the public get's used to all the non-dotcoms. Listen below to see how .JOBS is using thier extension.

What do you think? Is a new dot-something good for business, or confusing for the consumers?

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Insurance Websites

Comments (5) -

2/8/2011 6:29:40 PM #

Jeff Neilson

Rachel,

Great find loved the information....in my opinion this would ba good thing for the insurance industry.  As for the free job listings of 89,000 employers at .jobs is good competition exudes excellence.  780,000 jobs are listed right now so the question for me would be quality vs quantity from a vetting stand point. Will sites like Monster who charge fight back and be forced to offer more value?

Jeff Neilson United States | Reply

2/8/2011 6:40:46 PM #

Annie George

Rachel, I also think it's a good thing...but as you say it will be interesting to see if there is confusion in the marketplace. People automatically type or say .com, assuming that's the extension. I recently was listening to an interview when the person promoting a website mistakenly said .com instead of .net and then had to go back and correct herself.  But once this becomes more prevalent and you can really describe succinctly what a company does...like those (nursing.jobs) that are featured in the Morning Edition video you posted, it will become second nature.

Annie George United States | Reply

2/8/2011 6:53:08 PM #

Rachel Pradhan

Jeff - more value can never be a bad thing - and Monster already has some competition with LinkedIn and CraigsList.

Annie - I agree, I think it will take some getting used to, but just like we used to say "H-T-T-P-colon-forward slash-forward slash-www-dot...." and now we just say the domain name .com - it will eventually catch on Smile

Rachel Pradhan United States | Reply

2/9/2011 9:54:55 PM #

Bruce Talbot

Will this change the entire landscape and diminsh the value of companies that have built relevancy through SEO? What will happen to the time and $$ invested in being on page #1 of Google for specific keyword searches?  Is this a game changer for marketing?  

Bruce Talbot United States | Reply

2/14/2011 12:40:22 AM #

Larry Neilson

I relate this back to the area code fiasco of the last decade, or was it two decades ago. I remember when Orange county was split the first time into two area codes, 714 and the new 949. A lot of people kept their old 714 area code because they were afraid to give up part of their identity. I know, my cell phone is still 714.  The same thing was true of 800 numbers. The only difference here is the words in the URL have tremendous SEO value. the question is how many more iterations of insurance.whatever URLs are there in our future. I'm not rushing into this on too fast. Very interesting article Rachel. Thanks.

Larry Neilson United States | Reply

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