The domain name VegasSuites.VIP is for premium hospitality offerings. The .VIP top-level-domain extension conveys elite status and first-class levels of service, and also signals that customers can expect premium price points.
Prospective customers may know nothing about a hospitality option except for its domain name. First impressions are very important, and by precisely targeting of the market vertical, followed by a .VIP clarifier, prospective customers are encouraged to trust the company behind the domain name and to take the next step to becoming actual customers.
If you have never acquired a premium domain before, please be advised that premium names cost more than some enterprises are willing to invest.
When people outside the domain industry hear that koko.com sold for a million dollars in August 2024, preceded by TP.com for $1.2M and Gold.com for $8.5M earlier in the year, those prices may seem high, but not when the buyers receive considerably more value from using those domains than the domains cost them.
The value of a domain name revolves around the lifetime value of a new customer of the sector you’re targeting.
In looking at competing ad formats, the financial advantages of domain names are clear:
$105,000 is the average cost of a 30-second nationwide commercial on broadcast TV in USA.
$250,000-$300,000 is the typical cost for full page, full-color print ad in the Sunday New York Times.
$1,500,000-$3,000,000 is the rental fee for a billboard for four weeks in Times Square, Manhattan.
Unlike the ad formats listed above, once a premium domain has been purchased, it can often be sold again, once it has been used, and for a higher price than was originally paid.
Marketing has to be internet-first, and the first part of marketing is getting a premium, memorable domain name. No amount of spending on advertisements can make up for a poor choice of a domain name.
If you have confidence in your business, the best way to demonstrate that confidence is by investing in a great domain name. It’s a window into commitment, given how strongly a domain communicates a founder’s belief in their mission, purpose and long term success.
A great domain makes a small business look big. It enables a second-tier company to leapfrog its competition and become a top-tier enterprise in its market vertical.
