What factors should be considered when valuing a website domain name?

The value of a domain name lies in its application on a website. From this, we can deduce some principles regarding domain name value.

First, it must have a clear meaning. The meaning of a domain name is crucial to its value; a good domain name prefix is the first choice for a website's application.

Second, it must have high commercial relevance.

A domain name is used for creating a website, and the stronger its commercial relevance, the more valuable it is. Then there's the domain suffix.

Currently in China, the .com suffix is still king for commercial websites. Owning a .com domain is a great achievement. The second most popular suffixes are .cn and .com.cn. Those with the resources can acquire all three to prevent website traffic loss or customers accidentally visiting other websites and incurring losses. Having these elements basically tells you how valuable your domain name is.

Furthermore, for your domain name to become a top-tier domain, it should also have the following:

First, it must be short. Shortness and meaning are both essential. A length of five to six characters is ideal. In China, given the same meaning, shorter domains are naturally more valuable because they are easier to remember, easier to type, and easier to promote the website.

Second, it should be less prone to typing errors.

Thirdly, substitutability. Domains with fewer substitutes are naturally more valuable. You can go to the domain analysis section of a domain forum; domain investors will help you with a free evaluation.