Geolocation turns out to be hot and extremely challenging topic. Local Search and the “local” trend have been rapidly evolving and gaining popularity because of their huge potential for further development. A number of new projects aiming to leverage the geographic knowledge and to deliver value to end users are underway. To name a few: Brightkite, Fire Eagle as well as the recently announced Yahoo! Internet Location Platform, a collection of in-depth geo-location based APIs. Owing to this platform locations can be more smartly used.
An internet domain name that is the same as a city, a state or a country is called Geo Domain. Examples of Geo Domains are Atlanta.com, LosAngeles.com and etc. Since geographical names have instant name recognition, Geo Domains are highly preferable and valued.
Some time ago, it wasn't sure whether private operators would be permitted to take part in the Geo Domain industry, because municipal governments asserted that they were entitled to own the domain name with the name of the city. The courts rejected their arguments and private domainers tapped into Geo Domain industry.
As a whole, the geo niche has not been fully exploited yet. Though, we have witnessed some high sales of Geo Domains (recently, Bellevue.com was sold for $150,000 in a private transaction), there are thousands of unregistered local domains as well as many on the aftermarket at low prices. Nevertheless, it is not a good strategy for managing Geo Domain portfolio to register hundreds or thousands of Geo Domains and afterwards to sell them for profit.
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