I saw a well-writen article about domain names on The Business Insider today, and I want to share it with you. The article is titled, “Why $10,000 For A Domain Name Is Still Cheap,” and it was written by marketer and domain investor/advisor, Alan Dunn.

Dunn provided strong arguments for paying a significant sum of money for the right domain name. He dispels two common arguments about why domain names shouldn’t be worth a lot of money – some people hesitate paying a great deal of money when the domain owners were able to acquire them cheaply, and that some people believe a domain name isn’t actually a valuable item.  Dunn’s real world comparisons are pretty strong.

To drive the point home (that domain names are cheap) Dunn compared the cost of traditional media like billboards, radio advertising, and mobile advertising to the cost of domain acquisitions. Expensive marketing campaigns can be fleeting, but a domain name can be used indefinitely.

If you haven’t read the article yet, I recommend checking it out. The next time someone balks at purchasing one of your domain names for your asking price, you might want to send them a link to the article.

If you couldn’t watch last night’s episode of Secret Millionaire on ABC featuring Domain Holdings’ John Ferber, it’s embedded above. As you might imagine, it’s quite a moving show, and I think I can speak for most people who know John to say were all proud of what he did.

I posted an interview with John Ferber last week in case you haven’t read it yet. It will give you additional insight into how John earned his fortune and what he’s been doing since becoming wealthy.

Watch the entire video to see how John helped many people in the notorious Skid Row neighborhood in Los Angeles, California.

It irks me sometimes when I hear people refer to domain investors as cybersquatters or other nasty insults. The general impression about what we do seems to all negative, and people assume we monetize trademark domain names, sit on valuable domain names to hold them hostage, and we do other things that are blights on society.

Some of this may be true for some people, but the sad thing is that this behavior is not limited to domain investors. I think a lot of this reputation comes from regular people who happen to own domain names.

Every year during the election season, many political campaigns turn nasty. This happens at every single level of politics – from small local alderman elections to big national campaigns. Inevitably, some dumb politicians (or their lackeys) thinks it’s brilliant to register the domain name (or something similar) with an opponent’s name in it.

They may only be doing it for political gain, but somehow this cyberpirating makes domain investors look bad. Sure, many politicians have slimy reputations themselves, but it doesn’t seem fair that these people get put into the same bucket as domain investors, making us look bad in the process.

Let’s now discuss the perception that domain investors horde good domain names and hold them hostage when some other parties could be using them better. First off, this is complete and utter horse manure. Nobody with any intelligence would say this about someone with undeveloped prime real estate or beachfront property.

What irks me about this perception is that I’ve  tried to buy plenty of domain names from people who registered them 10+ years ago and still haven’t done anything with them. They aren’t domain investors, and many of them aren’t even monetizing these names.

When I make an offer I think is decent, I often get crazy price quotes in reply. Are these people holding domain names hostage? NO! They are capitalists with similar goals as me.

I do realize that there are domain investors who monetize trademark domain names, do nasty things with sensitive domain names, and do hold some domain names hostage. However, I believe that given many circumstances, almost everyone would do the exact same thing, whether they were identifying themselves as domain investors or not.

It’s been a really great day today, and I want to share a bit about why it’s been so good… BTW, it has nothing to do with St. Patty’s Day, although I plan to celebrate later on tonight.

– While writing this morning’s article, I tried to find my friend’s obituary. Sadly, I not only didn’t find his, but I did find his mom’s, who passed away last year. Using information in that obit, I was able to connect with my friend’s sister who lives in Austin, and we had a nice chat over Facebook this morning. First time we ever connected, and I hope it was able to make her feel good.

– The auction for 2 hours of private domain consulting ended today, and the high bid was $700, all of which will be donated to Ronald McDonald House by the bidder. This surpassed my expectations, and I was excited when that bid was made. In addition, over $300 was donated to my RMH fundraising page today… thank you. Almost there!

– This morning I finalized a deal I’ve been working on since December. I was able to buy BikeTours.com, which goes along with a name I already own – BikeTour.com. The reason it was difficult was that the owner had his registrant email @BikeTours.com, which had no hosting, so the email bounced. Since the owner had semi-retired and was spending his time traveling, I had to do quite a bit of research to track him down. Since he has limited Internet access and had never used Escrow.com before, it took a long time to close the deal. I now have the name in my possession. It always feels good to close a deal.

– I have two advertising deals in the works on a couple of different websites, and I had three paid listings for another website today. These might be small deals in the whole scheme of things, but it shows that the sites are working and people want to be a part of them. It’s almost as exciting to get a new sign up as it is to close a big domain deal.

Hope you guys are having a good day today.

We all have crappy domain names in our portfolio. Maybe we were a bit buzzed when we registered them, had spelling problems, or there were other reasons for registering these crappy domain names.  Well, now’s your chance to make $50 from your most terrible .com domain name.

Here’s how it will work:

• Everyone is entitled to submit just one horrible .com domain name they own
• Submitted domain names must have been registered prior to February 1, 2011
• On Friday morning (3/4), I will pick out the 5 worst domain names (in my opinion) and set up a poll
• People can vote in the poll, which will close on Sunday night at around 10pm (one vote per IP)
• I will then pay $50 via Paypal for the worst domain name, as voted by blog readers, and the winner will push the domain name to me.

So, look through your domain portfolios and select your absolute worst .com domain name and post it in the comment section (No trademark infringing names). If you post more than one bad domain name, you will be disqualified because I don’t want to have to sift through your bad names and pick the worst one!

When was the last time you made $50 from your crappiest domain name?

If you have any questions, post them here.