VPN.com CEO Michael Gargiulo Shares Insights on Handling Premium Domains from an Inherited Estate
Saturday, September 28, 2024
ATLANTA, Sept. 25, 2024 /PRNewswire/ -- Michael Gargiulo, CEO of VPN.com, recently provided his expertise on managing premium domain assets inherited from an estate in a feature for Forbes Technology Council. In the article titled What to Do With Premium Domains From an Inherited Estate, Gargiulo outlines key strategies for individuals and businesses handling high-value digital assets such as domain names, which are becoming increasingly common in estate planning.
"With domain name transactions now playing a significant role in the world of digital branding, understanding how to assess, manage, and maximize the value of these often overlooked assets is critical," Gargiulo comments. "As more individuals build digital portfolios, inheriting domains can present unique challenges and opportunities for heirs."
The Growing Value of Premium Domains
Premium domain names--those short, memorable, and keyword-rich URLs--can hold immense value in today's digital economy. Companies often pay millions for these highly sought-after web addresses, recognizing that the right domain can boost online visibility and consumer trust.
"Premium domains are digital real estate," adds Gargiulo. "When inheriting them, it's crucial to understand their potential worth and how to handle them efficiently."
Gargiulo has previously shared advice on premium domain valuation, guiding businesses and entrepreneurs through the complexities of assessing these valuable digital assets.
Assessing the Value of Premium Domains
In his Forbes article, Gargiulo stresses the importance of domain appraisals, noting that these assets can vary widely in value. He recommends hiring an experienced domain broker who can help assess the domain's worth based on several key factors, including:
-- Domain length and keywords: Short, keyword-rich domains tend to be the
most valuable. These are often exact-match domains (EMDs) that align
closely with popular search terms.
-- Traffic history: Domains that have been active and maintain steady web
traffic or high search engine rankings can carry significant value.
-- Market demand: A domain's value is also influenced by its relevance to
current market trends, industries, or emerging technologies.
"A domain could be worth tens of thousands or even millions of dollars, but without an expert evaluation, you could be underselling yourself," Gargiulo cautions. He has previously provided further insights on how to acquire a premium domain via stealth acquisition.
Maximizing the Potential of Inherited Domains
Once the value of a premium domain is established, Gargiulo outlines several strategies for managing or selling the domain.
Inheriting a domain opens three primary options:
1. Retain and develop: If the heir has an interest in maintaining the
domain, developing it into an active website or brand can increase its
long-term value. "Owning a premium domain gives you a head start in
building an online business," Gargiulo states.
2. Sell the domain: For those not interested in using the domain, selling it
through a broker can yield substantial returns. Domain brokers handle the
entire sales process, from appraisals to negotiations, ensuring that
sellers receive the best possible price. Gargiulo highlights the
importance of working with a domain brokerage service that specializes in
premium transactions to avoid leaving money on the table.
3. Lease the domain: Leasing a premium domain to businesses or brands in
need of a strong web presence is another option. This strategy allows the
domain holder to generate steady income while retaining ownership.
Avoiding Common Pitfalls
Gargiulo also discusses some of the common pitfalls that heirs should avoid when inheriting domains. "One of the biggest mistakes is neglecting to renew the domain's registration. Domains can expire if not renewed, and once they are released, they can be snapped up by competitors or opportunists," he explains.
Another potential issue is failing to protect the domain from cybersquatters. Premium domains are often targeted by individuals looking to capitalize on their value by registering similar URLs. Gargiulo recommends securing related domain extensions (such as .net, .org, etc.) and setting up domain privacy protections. He recently touched on brand protection advice as a broader strategy to safeguard digital assets.
"The digital landscape is evolving rapidly, and domains are becoming an integral part of wealth management and inheritance," Gargiulo concludes. "By taking a strategic approach to premium domain assets, heirs can unlock tremendous opportunities."
For more insights from Michael Gargiulo and to learn more about domain brokerage services, visit VPN.com and read the full article on Forbes Technology Council here.
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For media inquiries, contact:
Michael Gargiulo
855-VPN-FAST
383242@email4pr.com
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SOURCE VPN.com
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