Why should you pay $10,000 for a domain name ? Isn't that a ridiculous amount of money ?
To promote a business, you need to spend...a LOT...on branding, marketing and promotion. But how much does a $10,000 marketing budget really get you?
Consider the following:
- Billboard Advertising in New York City can cost you anywhere from $35,000 to over $600,000 a WEEK according to Clear Channel’s online rate card!
- An advertisement carried around on the back of a truck that drives around all day can cost $20,000 a MONTH in some markets (although fuel cost is usually included)!
- Radio ads can cost around $200 average PER SPOT and monthly costs (considering you need at least a handful a day to attract any business) can easily total $30,000 or more!
Now the question is, what do you own after you spend money on all of the traditional media sources above ?
After you acquire a domain name, your future expenses are only $9 a year in registration fees. That's less than $1 per month!
Still not convinced that $10,000 for a domain name is actually cheap? Read this article!