Andy Hagans recently posted about his linkbait marathon strategy to rank his sites at the top of the search results. Brian Provost posted about his love for domaining. Domain names may play a big roll not only in anchor text, but also in overall domain credibility, linkability, and defensibility.
An Example of a Domain Waiting to Fall:
In spite of making over a thousand dollars a month, one of my unappealingly named domain names has cost itself significant credibility and links. Since it is an invisible cost it is hard to estimate how much it has cost, but I have a perfect example of showing how much it hurts.
One time I tried sponsoring an event and they said sure. They got my credit card details and then asked for the domain name. Once they saw the domain name they said sorry they couldn't accept my money. And this is a reputable content site in a field that is easy to like, but on a junky sounding domain name. Ouch.
Being Honest With Yourself:
If you have a quality legitimate content site, and people who typically sell reviews or links are unwilling to take your money you know it is time for a change.
Other Signs of Trust:
If people who need sponsorship are unwilling to take my money imagine how much a bad domain name suppresses my click-through rate in the search results, and how many other links it cost me. If and when relevancy moves toward an attention based metric I am screwed if my house is built on a cheesy domain name that looks spammy.
Domain Buyer's Pricing Tips:
You can sometimes capture emerging field names cheaply, but you are probably going to have to spend at least a few grand to get a good name if you are in an established field.
If you are new to domaining, and can't afford a great .com there are still a lot of great .org and .net names out there available for $1,000 to $10,000.
Is a 301 Redirect Risky?
I will eventually 301 redirect my high ranking ugly domain name to the undeveloped MyKeywords.org domain that I just spent $8,000 buying. Short term I will probably see some drop in traffic, but long-term it is going to be far less risky to create an leverage what looks like a real resource and a real brand.
If you do something like this, make sure you have enough other passive income streams to afford the risk, and keep developing links to the new domain name. Keep that old trusted domain registered and redirecting for many years into the future. If you lose it you will probably lose a large portion of your link authority.
There is No Value in Being Anonymous:
You can spend the money your site is making as a passive income source, but if you believe in what you are doing, and have money in the bank, there is no reason to use a bad domain name. It is like writing nameless.
You can get a decent design for few thousand dollars, or a design modification for a few hundred. You can get good content for $50 a page or less. You can move a CMS for a low price too. The cost of moving and re-branding a non-brand site are negligible compared to the potential upside.
If you ever decide to sell, you are not going to get much out of my-ugly-do-mainz.biz, but if you create a real brand on an undeveloped strong domain name you will be able to sell it for a premium far in excess of the domain name cost.
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