Premium domain names are valuable assets for companies who are looking to create or enhance their online brand in a particular market, or with a select group of products or services. Premium domain names are obviously expensive and are typically purchased by select corporate end users or dedicated buyers. PremiumDomains.US have sold domain names both in traditional instant buyout arrangements and through “payment plan” arrangements.

In Andrew’s blog post, he writes that in the Escrow.com payment plan, Escrow.com take control of the domain while collecting monthly payments from the buyer. Upon final payment, the domain name is then transferred to the new owner and funds are disbursed to the seller. This option allows smaller companies to acquire a high level premium domain while conserving capital for daily operations as the company scales up operations.

Andrew writes that Escrow.com use GoDaddy.com (the world’s largest and highest quality registrar) to safely hold the domain while payments are made over time. Presently, Escrow.com’s payment plan for domain purchases range from 8 months to 5 years.

Thanks to DomainNameWire.com for covering this important industry development.

Visit the My.biz website for official details. No. 1 registrar GoDaddy are participating in this promotion and further details can be found at GoDaddy.biz.

There are a number of companies whose official website is located on a .BIZ address including large real estate and construction firms. Some of them are listed on the My.biz website as an example of the type of creative .BIZ submissions they aim to receive for the $25,000 contest. .BIZ examples are …

• ArteWorks.biz (SEO & Marketing Specialists)
• CMIC.biz (Medical Malpractice Insurance Co.)
• DakotaPro.biz (Internet, Telephone, Data Specialty Co.)
• EquitableLife.biz (Equitable Life & Insurance Company)
• eServ.biz (Engineering & CAD, over 500 employees, $43 million revenue)
• UBMGroup.biz (United Business Media, 6500 employees worldwide)
• GreenAlliance.biz (Energy Conservation, Alternative Energy)
• Kokosing.biz (Large Commercial Construction Firm)
• NanoMech.biz (Nanomanufacturing Products and Engineering)
• OpusGroup.biz (High ranking Real Estate Development Co.)
• RSDFolders.biz (Data and Information Management)
• GotIdeas.biz (Informatics – eCommerce, Design, and Development)

More GoDaddy.biz contest information here: https://www.godaddy.com/gdshop/pdf/mybizcontestrules.pdf 

.BIZ is the official business web address of the internet!

2. In an ICANN related mistake from the past (as I see it), Verisign Inc. were awarded the exclusive contract to administer the .com and .net web addresses. Verisign’s current contract allow them to raise domain name registration prices up to a maximum of 7% per year. Although most all related technologies and costs are coming down in price, Verisign just announced that they will be raising prices again. As you might guess, they have opted for a maximum price increase of 7% raising .com domain registration fees from $6.86 to $7.34. ICANN should have provided for a competitive bidding process instead of awarding one company, Verisign, a literal monopoly.

3. I have continued use of the DevHub website builder to produce a basic site for Corporate.biz. DevHub are furthering their web development tools having recently upgraded their online user interface (adding nicer features) and also rolling out a newly completed payment system.

4. Ron Jackson of DNJournal published earlier this week some info on the purchase of the premium domain name, Barns.com, by North Carolina businessman Jeremiah Johnson (read his bio here). Mr. Johnson already operated a website at WoodBarns.com, but picked up the premium domain Barns.com for $175,000 in a private sale according to DNJournal. This is a smart acquisition that will certainly build brand identity and credibility.