Another domain name term you often hear tossed out in conversation is domain name speculation. What is it? Well this refers to buying a domain name with the intent of selling it later at a higher price. Now not just any domain name is a good one to speculate on.
The main focus of this type of practice would be domain names that have some sort of keyword in them. Having some sort of generic term in there promises a greater reward such as insurance, travel, poker and the like. Just look at situations like what happened with broadcast.com.
Yahoo purchased that domain name for $5.04 billion.
Since it is the largest top level domain, .com has gotten a lot of business as far as domain name speculation goes. Everybody wants the .com version, due to the fact it is the domain name extension everybody knows. Other extensions are growing in popularity though so grabbing the right one mixed with the right keyword could (keyword could) gain you a lot of the green stuff down the road.
