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Why are one word domain names valuable?

In taking into the domain name renewal, it is a common observation that a domain name registrant add whatever amount of time he or she select on the remaining time on his or her domain name registration. One of the examples that show this kind of situation involved in the domain name renewal is this one: if you have eleven months remaining on your domain name registration and then you decided to keep your domain name for a very long period of time, it is fact that you can perform a domain name renewal for nine years, but the maximum number of years is ten. In relation to the existing companies on the web today that offer services for auctions of those soon-to-expire domain names specifically create some divisions or classifications on their services. In fact, there are companies that provide a said "private" and "public" auction. The private auction is considered as a category if two or more members bid on the same domain name. It is only the domain name registrant or the administrative contact who are allowed to perform the registrant domain name transfer process. For conducting the registrant domain name transfer, most of the registrars only require a user name and password for the process. Besides, it is found out that there are also some registrar companies who require a notarized form or other formal recognition documents, but these are just depending on the certain county that the registrants resides in. When the expired domain name reached at the said "domain name grace period" with approximately 40 days after it becomes noted as "expired domain name", the domain name will not be active and may be renewed without paying any additional fees. And after such period for the expired domain name, here comes the next domain name expiration period which is termed as the "domain name redemption period". Along with that, it is also interesting to know that such mentioned domain name extensions - .com, .net, and .org - are the most common and they belong on the international front. For further information, such mentioned domain name extensions are called as the "Big 3" for the reason that they accessible to anyone, without limitations, and now widely recognized in all parts of the globe. For much emphasis, there are actually so many types of domain name extensions today and due to the emergence of those domain names and alternatives, the picture became more and more complicated. To mention but a few, one of those types of domain name extensions is the Big 3 that is composed of .com, . 

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