DOMAINfest will be holding a 1-day networking event in New York City on Wednesday, August 18. The day’s agenda will include case studies of successful domain name purchases.

Other topics to be covered include utilizing affiliate marketing, recent views on internet advertising trends, and whether it is a good time to invest in geo domains. I think we know the answer to that one. That of course being a perpetual yes!

A highlight of the day will be a live Moniker auction which will include several upper echelon .com domain names such as Stocks.com and Quotes.com. These are very nice domains.

I predict in the coming year(s) that we will begin to see more well-publicized specialty auctions of categories like real estate domain names and extension specific auctions for tld’s like .info, .biz, and .us. dotUS had a recent auction around July 4th of this year.

Importantly, promoting and marketing an auction well in advance of the event is the single most important factor in getting potential buyers to the table.

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A 2010 survey by property consultants, Knight Frank, ranked the most influential cities on the plant according to four factors. These factors were economic activity, political power, knowledge base, and quality of life. The results were reported by CNN.

Coming in on top as number 1 was New York City. Number 2 was London. Number 3 was Paris. And number 4 was Tokyo. Los Angeles made the top 10 list as did Berlin and Beijing.

Geo domain names have been of interest to a majority of domainers since the introduction of the internet and domain names in general. New York City (and Manhattan) are two geo domains that have been on my radar for a number of years due to their huge population, unrivaled luxury real estate market, and role as the economic center of the country.

The CNN report pointed out that several rising Asian cities have begun to garner increased economic relevance and political influence. But, they have not yet arrived as locations where the world’s wealthiest would have a first or second home.

The value (and price) of a geo domain name is not easy to calculate, and is heavily dependent on a variety of inter-related variables. Some of these include city proper population (within the city limits), surrounding urban population (larger metro/suburb area), city relevance as a center of business, importance of the city as a vacation destination, current growth rate, and projected importance in the state/region.

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