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The new .CO domains are being bought and sold furiously as a formidable market is currently being built around the hottest realty on the internet right now. With the dawn of a new and exciting public domain web site owners and domain speculators everywhere were purchasing 2,3 and 4 letter domain names by the thousands within weeks of their release. Nearly every short .co domain name has been bought by companies that undoubtedly used software to calculate every single short term calculation possible and purchase it automatically. However, this doesn’t mean that all hope is lost for short .com domains, as is explained in the following paragraphs.

The Purpose of .CO Domains

The .CO domains do not have any particular purpose, however they are now being used for all sorts of commercial purposes including but not limited to eCommerce, personal blogging, picture sites, music sites, and video sites, social sites, news sites, sports sites and any other kind of web site imaginable. Twitter is using a .co domain as a link service, however many are under the impression that this site will be used to shorten .co domains, even though it is actually intended to do much more as an overall link service for Twitter that indexes all links and collects information about them for Twitter. They are also supposed to be using the domain as a link shortener as well for Twitter development purposes. Many people wonder how Twitter got a one letter .CO domain when a normal person can only purchase a three letter domain and others are considered invalid in domain registrar databases. According to the news, Twitter paid more than a quarter million dollars for T.CO, its new .CO link service.

Shorter .CO URLs

Twitter in the aforementioned example is just one of many large web sites that are purchasing and utilizing a .co domain to shorten their domain name. Overstock.com also purchases O.CO, which is perhaps one of the most memorable web sites ever bought. Overstock’s search engine optimization specialist stated that he believes the new domain will bring in twice the amount of traffic tot he Overstock web site within the coming decade. It should be noted however that the average site owner will not be able to afford one of these one or two letter domain names, as Overstock paid more than $300,000 for O.CO.

New Brands and .CO Domains

Even though you can’t find a two or three letter .co domain, it is still very possible to purchase .co domains that have very basic keywords in them. For example, it may still be possible to purchase a 6 or 7 letter .co domain that is an actual word or existing product of some sort. Since .CO domains have just been released to the public for sale, there are many .CO domains are available that have .com counterparts. For example, there may be a web site entitled example.com. A couple of months ago you may have been able to purchase example.co, even though you are not the owner of example.com. This would give you the opportunity to capitalize on the popularity of an existing web site.