Top Domain Name Strategies Revealed
You finally got your brand launched, and sales are flowing in.
I think you will agree with me when I say that building a brand and company that is profitable is a huge success.Your original domain and brand helped you achieve this success. So, there is no need to upgrade or add additional domains as your business grows.Well maybe not… In some verticals, several of the top domains and brands are owned by the same company.
Acquisitions, back end software, and the dominance of digital marketing are several reasons why utilizing multiple domain names are becoming essential for maintaining share, sales, and clarity of message. Regardless of the reason if you are only using one domain name your businesses could be at a serious disadvantage.
In todays post, I am going to explain the top domain name strategies utilized to dominate an industry, provide clarity and increase conversion and sales.
So, how many domain names should a company own?
Isn’t it better to run everything through your primary domain name that way you build upon your SEO? We get these questions quite often in our business.Advances in the internet have made it much easier to scale and develop a richer brand experience.
For some brands, the simplicity of one domain is perfect.As companies expand their product offerings, they may need multiple domains to maintain this clarity.
Making someone go through 5 steps to reach the product page or brand reduces conversion.Consumers attention span is actually shrinking which means you need to quickly communicate and connect your solution to your customer’s needs.Planning out your marketing and domain strategy early on gives you the flexibility as you grow.
Domain name strategies
Here are the top six high-level domain name strategies:
- Single branded domain strategy
- Multiple branded domain strategy
- Microsites domains
- Marketing domains
- Single use Marketing Campaign (think Coke commercial)
- 301 Redirects
While these can be broken out in many different ways, for simplicity I am going to focus on these six.
So how should a company decide on which strategy to use?
Most companies grow organically from the seed stage to full out unicorns with multiple products. So, when is the right time to start thinking about your domain strategy? Really the earlier, the better, however, it also depends upon your branding strategy.
The longer you wait, the greater the chance that any natural brand extensions will be taken.The first step should be to acquire the power position for your brand online.
Your domain strategy should provide clarity and make it easier for your customers to be converted, establish leadership and communicate your message.When adding a service or product takes away from your primary product or creates additional steps and confusion it is time to consider adding a domain name.
Let me explain…
Your domain strategy is closely tied to your industry and competitive landscape.Most of the time this is a very natural evolution because of your marketing needs and acquisition strategy.Here are some factors that will create a need to utilize multiple domains.
- You have a new brand or product
- You need to clarify your marketing message
- A separate funnel is necessary for a marketing campaign.
Lets take a deeper dive into how actual business uses each strategy.
Single domain name strategy
Most brands start off with their primary branded domain.If they cannot acquire the perfect domain or an “exact match” domain they will utilize an offshoot.
Here are several more examples of companies acquiring their power position:
Dave.com – launched as Dave.com
ButcherBox.com – launched with GetButcherBox.com
Trip.com – rebranded from GogoBot.com
RTS.com – shortened their domain from RecycleTrackSystems.com
Rate.com – shortened their domain from GuaranteedRate.com
Bic.com – Societe Bic just acquired Bic.com (founded in 1944)
In most of these cases, it required a significant investment.If you read the interviews, none of them regret building and upgrading their brands’ domain name on the position of strength. You can read my in-depth article on how domains are assets here.
When is the right time to upgrade your domain?
Domain names are assets and part of the foundation for your brand. They interact with the very DNA of your brand in multiple ways. For example, Dave.com wanted to avoid having to say TryDave.com or GetDave.com. They wanted the clarity and trust that came with Dave.com. You can read about their story here.
Your domain name has a very real impact on your SEO abilities, conversion and leadership positioning.The decision to upgrade your domain name should be an equation between price and opportunity.
I like to say, this is kind of like a manufacturing company buying a new machine. Yes, it is an investment, however, the increase in productivity will allow for an increase in profit and manpower savings. Your perfect “power domain” name is a similar asset that will increase conversion, SEO, and positioning.
Acquiring your power domain is a very real business decision with a hard ROI
Here are few examples: (thanks go to James Iles for doing these interviews)
Hive Teams rebranded to Hive.com experienced a 45% increase traffic. This was just by updating their domain name.
TeamWork initially launched under the domain TeamWorkPM.net. They were able to acquire TeamWork.com and experienced a hockey stick like growth.
Check out this chart that Peter shared. This has to be one of the clearest examples of the direct correlation to owning an “exact match” and power position domain for their brand.The next time someone says your domain name does not matter, show them this graph. There are other examples like Lawn.com, Gold.co.uk, Staff.com however for brevity I chose TeamWork.com because it is the clearest example that has been shared with the public.
If you have an example you would like to share send it over, and I will update this article.
Make it effortless for your customers to interact with your brand
Creating clarity for your brand is priceless. Segal and Gale publish a report showing that brands that communicate simplicity generate higher revenues and goodwill.Most companies will never have the opportunity to upgrade their domain If a domain is a working asset why would they sell it?
For example, do you think Nitro.com will ever sell this domain to GoNitro.com?
I truly understand the struggles that business face when this decision comes up.Most, however, are viewing this as an expense.Domain names are assets that will appreciate in value because of the global demand for quality domains.A brand may only have one opportunity to acquire the perfect domain name for their brand.
Your first domain strategy should be to control your brand online with the power position. That could be an “exact match domain”, a shortened version or a category defining domain name.
Most companies may never need more than one domain for their brand. In this case, the strategy should be to acquire their power domain that helps them increase conversion and establish a leadership positioning. There is a real ROI to owing your “power” domain.
Using multiple domain names
It is becoming more and more common for a business to use more than one domain.There are several strategic reasons companies use multiple domains. This will vary by vertical and business objective.
To recap from above, here are some of the strategies on why companies use multiple domains
Multiple branded domain strategy
Marketing domains (think funnels, book launch, free material)
Single use Marketing Campaign (think Coke commercial)
In Some verticals, it takes multiple brands to keep and grow your market share.Multiple domains are also important for marketing campaigns because they ensure your unique marketing message does not compete with your main company message.
Multiple domains are also used to narrow the customer focus and product selection.
Simplicity and clarity of message are keys to conversion.
If you have multiple messages, it can very easily create an overwhelming experience. This is one reason why companies will use a different domain for marketing campaigns.
Acquisitions also are a big driver in a business having multiple domains and brands. For example, look how Walmart just acquired Jet.com, Modcloth.com and Bonobo.com. These brands will continue to live separately from the Walmart brand.
This is not for every business, and there are logical SEO implications behind multiple domains/brands. The main point of this article to understand how and when they are used effectively
Examples of companies and verticals that utilize multiple domains
Here are a few examples of businesses the use multiple domains.This is not only an approach for big businesses.
Recognize any of them?
LULU book publishers
Stock Photo industry
The stock photo business is huge industry however you would be surprised at many brands are owned by the top three companies. It is estimated that the annual revenue is somewhere around $1.8B annually.
This is a big business with intense competition.These three companies own nine of the top domains and brands (they might own more that I missed).
Here is a look at the Google Search for “Stock Photos”.
I cropped out the ads and pictures to show you the companies ranking for this high-value organic search term. Shutterstock owns two of the top three positions. So should they only use one domain?
Lulu.com utilizes multiple domains for their branding and product strategy.
DNA testing and solutions
When Intuit acquired Mint.com they continued to operate the Mint.com domain and brand separate from the Intuit website. They also separate their other key products with their exact match domains.
They purchased this domain because they understand the power of how a category defining domain builds trust.Currently they are using this domain only for their advertising and forwarding the traffic to BedroomFurniture.co.uk. They purchased this domain for $650,000 USD.
Here is why Graham Haynes decided to purchase this domain.
“Simply, authority. When you buy online, sub consciously you make a judgement on the company behind the website. Having the exact match domain gives you instant authority, which would take a lot of marketing dollars to achieve with a newly registered name”
Multiple domain names are used by some companies to differentiate products lines. Other businesses use multiple domains for regional advertising and branding. In verticals with heavy competition, multiple domains help to lock in the top spots in search, keeping the competition from getting clicks. Your product road map, vertical, marketing and growth strategy will dictate if this is a good approach for your brands. This is also a great approach when companies need to create separate brands to fill a related niche. Although more complex, this domain name strategy can provide significant advantages.
Marketing companies use different domains?
So, we talked about using multiple domain names as a strategy to develop separate brands.Another major reason to own multiple domain names is to create clarity for you marketing message and funnels.
Although you have one primary product and brand using multiple domains can help keep your main domain focused on conversion. For example, look at how Clickfunnels and Storybrand use multiple domains. This approach helps to keep focus and clarity for your primary product.
In the example of ClickFunnels the objective of the other domains is to funnel them to the ClickFunnels platform. They use the other domain names as ways to engage future clients and help them raise their hands.
If you have read many of my posts, you will know that I have used ClickFunnels as an example several times. Russel Brunsen (founder) is one of the best marketers out there and has grown his company from 0 to $100M in total revenue (still looking for the source). I use ClickFunnels for my funnels and other businesses and am an affiliate. Russell understands conversion.
Below is his domain name strategy. Notice how each domain is hyper focused on providing clarity and conversion.
ClickFunnels.com (main product)
Blog.ClickFunnels.com (subdomain for his blog)
AffiliateBootCamp.com (information for affiliates)
BlackBoxFunnel.com (marketing funnel that feeds to ClickFunnels)
DotcomSecrets.com (book that supports ClickFunnels)
ExpertSecrets.com (book that supports ClickFunnels)
FunnelScript.com (add on product that also sells and supports ClickFunnels)
FunnelFridays.com (supports FunnelScripts.com)
FunnelHacker.tv (marketing videos that support ClickFunnels)
Check out how the main Click Funnels website provides extreme clarity to his product offering. He could have easily added the other products to this page.
Here is an example of his ExpertSecrets.com funnel.
By using a separate domain name he can stay on message for this book. Who doesn’t love a free book, right?
StoryBrand.com is another favorite brand of mine. Their message of creating clarity, so people engage has worked with impacted hundreds of companies.
Here is how they use domain names.
buildingastorybrand.com (blog that supports StoryBrand)
FiveMinuteMarketingMakeover.com (marketing funnel that supports StoryBrand)
Multiple domain names are not just for product extensions. Marketing companies utilize multiple domain names to provide clarity for their marketing messages and to get clients to raise their hands by entering a unique funnel geared toward them. This domain name strategy can have a significant impact on your ability to engage and convert your ideal client.
Microsites have a number of benefits such as highlighting a particular campaign, introduce a new product or target specific buyer personas. Companies use them to show leadership for their products while providing information.
The goal of your microsite should serve some kind of purpose and actually help your users. Typically, these are not just pitching products however used for education and information and engagement.
Here is how Circle S Studio defines a microsite:
“A microsite is a smaller, simpler website that is primarily built to focus on a specific subject, product or campaign. For example, a construction firm can build a microsite for specific new project. Here are some of the benefits to building a microsite.”
Here is a recap of the benefits from their site.
More focused content
Here are a few examples
Baby.com & Babycenter.com (JNJ)
Tablespoon.com **(General Mills)**
Proctor and Gamble use a microsite as a way for their customers to interact with their brands.
Microsites are another domain name strategy. This can showcase leadership while providing education and information that leads back to your products.
Category Defining domains provide leadership and great brands
So how do category defining domain names fit into the multiple domain strategies?It looks like the trend today is on making up a word such as Zenefits.com or Trulia.com. That can work if you have a huge marketing budget.
Category defining domains provide massive value because of how they instantly connect with consumer intent and communicate leadership.
Let me explain… Take the example of someone searching for reputation management. These companies understand SEO, that is what they do.
Look at what company owns the first position in search: ReputationManagment.com.
Need Reputation Management help?
Terakeet uses Reputation Management as a new service and product to their existing brand. They could have easily layered this into their main site at Terakeet.com. Instead, they direct their traffic to ReputationManagement.com.
This provides their customers with a deeper and richer experience that is super clear and focused on what they offer.
Trimble utilizes the category defining domain Surveying.com for their SECO brand of surveying and global positioning equipment.It quickly communicates what solution they solve, provides expertise and makes it super easy to remember.