I'm looking a domain name for my project.
The last time I bought a domain name was five years ago, and something I've noticed that is different today is that almost every available domain name I think of is listed as a "premium domain" by registrars and costing anywhere from $2,000 to $40,000. This includes non-.com extensions like .io or .co which is really surprising to me.
What's up with this? According to the Namecheap website (which is what I use), they don't choose "premium domains" – they claim that "the registries" choose, whatever that means.
Many of these "premium" domain names are pretty average, and so the pricing seems ridiculous.
Are premium domain prices negotiable? Should I email Namecheap and say "I see you've listed this domain at $5,000, but I'd be willing to pay $1,000?
At these prices, it would seem almost better to find a taken but unused domain name and try to negotiate a better price.
I'm also worried about the following scenario: [appname].com is available for $10,000 but I don't want to pay that much before I know whether my business will be successful. I decide to get a less desirable name like try[appname].io but in the meantime, someone else snatches up or squats on the .com domain.