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Building Your Domain Into A Million Dollar Asset
Building your domain into an asset is all about building brand value. What is brand value? Well, brand value goes beyond the simplicities of generic keywords, and analytics. Rather, brand value encourages user viewership & retention, which obviously converts into dollar revenue.
A good example of how to build brand value into a domain would be WoodPellets.com(formerly PelletSales.com). To begin with, this company choose to rebrand their company around a market-specific name that would strategically target their primary consumer base. Of course, like any good investment, money is involved and thusly PelletSales Inc purchased WoodPellets.com for a hefty $115,000.00.
The obvious benefits
With their new corporate identity, WoodPellets.com was now in position to grow and expand their company brand as the term "wood pellets" offered a generous 200% increase in market-reach in the U.S and Ireland.
More Brand Value
And probably one of the most important things that WoodPellets.com did to solidify it's brand value was to purchase the toll-free number 1-800-Pellets. Naturally, this would give the more brand awareness and position them to leverage the power of both the Internet & Telephone marketing combined!
The results.... In 2008, this company netted around 35,000,000 million dollars after expenses.
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