Why I Chose a Domain Name as 2023 New Year's Present For Myself
My first domain name, worth $4,000 today, cost less than $3 back in 2019.
Back in 2019, I made the decision to start a blog website. I did some research about blogging, most of what I found about blogging was negative.
Many online reviewers said that blogging had been long dead and that it was unlikely to make a full-time income from it unless done part-time.
Read: Things to Lookout for before Choosing a Domain Name Registrar
I purchased a domain, window3.com, from Godaddy for less than $3 with the goal of starting a blog about "The Third World Countries' Internet Challenges, Solutions and Opportunities Available".
At the time, there were few opportunities for success in online money-making ventures for Third World Countries, and I had limited knowledge of blogging platforms like Blogspot and WordPress.
The only known means of monetizing web traffic was through Google Adsense, but approval was more difficult than obtaining a college degree .
Additionally, affiliate programs like Clickbank were off-limits for African countries, including Nigeria. For these reasons, I quit my blogging ambition, which I now regret.
Fast forward to 2023, my once purchased domain name window3.com is now worth about $4,000, but I have lost it due to abandonment without renewal.
Why Domain Name is a Valuable Asset
First what is a domain name?
1. A general definition of the word "Domain" from Oxford Languages: "An area of territory owned or controlled by a particular ruler or government.
2. Computing: a distinct subset of the internet with addresses sharing a common suffix or under the control of a particular organization or individual.
Other words synonymous to Domain are: realm, kingdom, empire, dominion, province, estate, territory, lands dominions, state, country, etc.
A domain name is a unique web address that identifies a website or a specific page on the internet. Think of it like a phone number for a website, which allows users to easily find and access it through their web browser. A domain name typically includes a top-level domain (TLD), such as .com, .org, or .net, and a unique identifier, such as the name of a company or a personal blog. For example, "www.example.com" is a domain name where "example" is the unique identifier and ".com" is the TLD.
The Online World, also known as the Worldwide Web, is another universe of its own.
Just as Planet Earth has continents, countries, places, and peoples with their unique names and address, the Online World is exactly the same. The concept is even more pronounced on the web, Your popularity and success in the Online World is directly tied to the quality of your services and recognition of your domain name.
whether you are an individual, business or organization planning to have an Internet presence, you need a domain name.
Domain name is like real estate investment, it will keep appreciating with age and use. In the Online World, your domain name is the name of your realm, or kingdom, or empire where you are the supreme ruler.
Facebook.com has 2.93 billion monthly active users, that's how powerful Mark Zuckerberg is.
