Israel.com sells for $5.88 million!

Another geo domain, Israel.com has been sold for $5.88 million to an unidentified buyer by its previous owner, Joel Noel Friedman, a 46-year-old Jewish American who bought the domain name originally in the year 1994.

The domain auction was managed by one of the leading domain name registrars, Moniker.com.

The new domain name owner has apparently parked the domain with SmartName.com hoping for some quick ROI (return on investment) through click monetization considering the interest the domain is currently generating in the cyber world owing to the publicity of its high profile sale.

This domain name sale is yet another example of how the business of domaining is on a roll with the booming virtual real estate market. A few prominent sales reported earlier this year include the $10 million sale of Fund.com, $2.6 million for Pizza.com and $1.7 million for DataRecovery.com

Also, another premium domain name America.com is up for sale and is expected to fetch record price.

What is Domaining

Domaining is what a domainer indulges in!

Domaining is the business of buying, selling, developing and monetizing Internet domain names.

A domainer’s domain name portfolio often includes marketable generic dictionary-word domain names, or domains whose registrations have expired yet still retain reasonable traffic.

Many a time, a domainer has no actual intention to use any of the domain names with the exception of generating advertising revenue through domain parking.

Domaining is quite a lucrative business for those who have the patience to master the art and the science of it!