Premium domain names are usually expensive, whether it be a domain name with a special extension (such as a .shop) or a .com that's worth thousands of dollars. Have you ever purchased a premium domain name before and if you did how much did it cost? What exactly did you do with the domain name, did you resell it to make a profit off of it or actually use it for a website? While looking for a domain name for my blog, I noticed that the .com was worth over $1000! The .net surprisingly wasn't taken yet, so I snatched that up. But I've never spent more than $20 on a domain name.