Forget World Population, Domain Population Is Overcrowded
April 5, 2016
Back in the 1990s, if you had a Web site without a bunch of gobbidly-gook after the .com, you were considered tech savvy and very cool. There were plenty of domain names available in those days and as the Internet became more of a tool than a novelty, demand for names rose. It is not as easy anymore to get the desired Web address, says Phys.org in the article, “Overcrowded Internet Domain Space Is Stifling Demand, Suggesting A Future ‘Not-Com’ Boom.”
Domain names are being snapped up fast, so quickly, in fact, that Web development is being stunted. As much as 25% of domains are being withheld, equaling 73 million as of summer 2015 with the inability to register domain names that would drive Internet traffic.
“However, as the Internet Corporation for Assigned Names and Numbers (ICANN) has begun to roll out the option to issue brand new top-level domains for almost any word, whether it’s dot-hotel, dot-books or dot-sex – dubbed the ‘not-coms’ – the research suggests there is substantial untapped demand that could fuel additional growth in the domain registrations.”
One of the factors that determine prime Internet real estate is a simple, catchy Web address. With new domains opening up beyond the traditional .org, .com, .net, .gov endings, an entire new market is also open for entrepreneurs to profit from. People are already buying not-com’s for cheap with the intention to resale them for a pretty penny. It bears to mention, however, that once all of the hot not-com’s are gone, we will be in the same predicament as we are now. How long will that take?