June 2008 Archives
We recently had a new professional basketball team inquire about website design and development. They let us know the name and much about the project. The cost to develop a website for a professional basketball team will run into thousands of dollars. The website costs involve website audio, website video, and many interactive web features that a budget website would not include.
This professional basketball team is putting thousands into marketing as well as a new dome to play basketball in.
The problem is that the basketball team had not purchased a domain name, yet their team name was out there and they were getting quotes on web design in Knoxville.
Let's just make up a hypothetical name and call it the Knoxville Panthers. You purchase the team, hire the players, set up online marketing, and put many thousands of dollars into the team and never purchase a domain name (the website address is the domain name). A website domain name must come into that mix.
Believe it or not domain names are like real estate. We manage domain names that are worth tens of thousands of dollars. So, if you are out shopping around, be sure to purchase your domain name before someone takes hold of your company name, buys it and sells it back to you.
Without even purchasing the website domain name, the value of the sports teams domain name is at least $20,000. Anyone could have purchased the domain name and the team could have lost it or bought it for $5000 today from a domain broker or website developer. Or in five years could have sold it to the team for $50,000. How much is lakers.com worth? At least $100,000. BostonCeltics.com?
A lesson learned here, purchase your domain name before hunting around for a website and letting others in on your business plan. You can purchase one here http://www.netsol.com or call us at 865-809-8610 for help.
Purchasing a domain name for your website in Knoxville can be a daunting task if you don't know what you are doing. We are happy to help you purchase a website domain name at no charge, or we can purchase it on your behalf.
This professional basketball team is putting thousands into marketing as well as a new dome to play basketball in.
The problem is that the basketball team had not purchased a domain name, yet their team name was out there and they were getting quotes on web design in Knoxville.
Let's just make up a hypothetical name and call it the Knoxville Panthers. You purchase the team, hire the players, set up online marketing, and put many thousands of dollars into the team and never purchase a domain name (the website address is the domain name). A website domain name must come into that mix.
Believe it or not domain names are like real estate. We manage domain names that are worth tens of thousands of dollars. So, if you are out shopping around, be sure to purchase your domain name before someone takes hold of your company name, buys it and sells it back to you.
Without even purchasing the website domain name, the value of the sports teams domain name is at least $20,000. Anyone could have purchased the domain name and the team could have lost it or bought it for $5000 today from a domain broker or website developer. Or in five years could have sold it to the team for $50,000. How much is lakers.com worth? At least $100,000. BostonCeltics.com?
A lesson learned here, purchase your domain name before hunting around for a website and letting others in on your business plan. You can purchase one here http://www.netsol.com or call us at 865-809-8610 for help.
Purchasing a domain name for your website in Knoxville can be a daunting task if you don't know what you are doing. We are happy to help you purchase a website domain name at no charge, or we can purchase it on your behalf.
