Everyone knows that the Internet is very popular; but just how much are people willing to spend to own a website? The website name, or, domain name bomb.com has recently gone on sale for over $60,000 dollars. The sad thing is that this is not even the highest price paid for a domain name. Business.com recently went for $7.5 million dollars. Businesses will pay this much because they know that catchy and simple domain names will be easy for people to remember and, therefore, easier to market, which leads to more money. I guess the philosophy here would be "You have to spend money to make money."
--Sam B.