I have been looking into the opportunities in geodomains. Geodomains are domain names relating to a town, city, region or country. Examples of geo domains include Seattle.com, Texas.com and France.com. I think the market for geo domains domains is very interesting with a lot of potential for those willing to really learn how to buy and develop these domains.
Unfortunately, there are relatively few pure generic geo domains and many/ most of the best ones are being developed. The .com version of these place names are particularly valuable due to the ‘type in’ traffic these domains have and the marketing potential of generic dotcom domains.
This means that if you want to develop city/region websites you have only two choices. Pay significant sums for the .com version of the town/region of your choice, or buy a alternative domain that is cheaper.
That might be the place name along with a non .com extension, such as .net, .org, .tv and so on. Alternatively, you might want to buy a domain name containing the town/ city/ region name and a supplementary generic word such as SeattleGuide.com, TexasOnline.com or GoFrance.com. No one will be typing in these domain names directly into the address bar like they would with “Texas.com”, for example, but these domains have branding possibilities. Such domains are worth a tiny fraction of their equivalent one word place name .coms and unless they relate to larger cities and larger tourist resorts, I think they make poor investments.
I recently decided to build a city guide for my hometown of Manchester, England. As I had no budget to invest in a generic domain name I registered the domain ManchesterWide.com. Starting a new site has been quite a challenge and this will be my biggest project to date. It is also a web development project rather than a domaining project. Any payoff is probably years away and I am approaching things with the attitude that I am doing this for pleasure rather than profit.
ManchesterWide.com and the sites Manchester Wide forum are really in their earliest stages of development but if you are from Manchester or interested in finding more about the city, please feel free to visit the site and say hello on the Manchester Wide forum.