I have registered a domain that I think could be branded into something like LiveJournal or MySpace. Please advise as to potential value developed and undeveloped. The URL is: http://www.soulnova.com
Undeveloped, it's not worth much. No one will pay that much for a site that is undeveloped with potential, because no one has time to make that site a livejournal/myspace competitor. If they did have that time, they would think of buying or acquiring a topnotch name, not one that's 50/50. Developed, it's a different story, but getting there is a the tough part. I think I remember almost buying this exact name 6 months ago, but I saw no use. (i bought http://www.soulscribe.com) . Pretty much, unless the domain name is intuitive and a guarantee for brand recognition, it's a tough sell.
Thanks for the advice. I do plan to develop it when I get dedicated hosting, although I'm no great coder. I'm just obsessed with the word 'nova' lol.