There is Gold in Them Thar Names

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There is Gold In Them Thar Names - Each and every day people are domaining - buying and selling domain names through domain name registries, auction houses and brokerages just like stock and bonds.

An average domain name can be purchased for less than ten dollars and be resold for several hundred dollars within a few days. For example, in July 2007, the domain name, Chinese.com, was sold by Sedo.com for over $1.1 million. During that same auction, resume.com sold for $300,000.00 and spices.com sold for $220,000.00. For the active domain investor, a simple name can yield big-time profits.

Which domain names sell the best? One-word .coms still outsell longer domain names, but most domains consisting of even two and three word combinations can sell for thousands of dollars. In a recent auction, FreeStuff.net sold for $28,000.00 and RareCars.com sold for $27,000.00.

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What’s in a Name

What’s in a Name – a domain name, that is?

Well, if you’re a domain investor, the right domain name can be worth millions of dollars. Yes, I did say millions. I know that seems incredible, but you need to understand the market for good domain names is huge.

Don’t believe me yet?

According to industry research, the domain name industry is currently worth $2 billion, and it will grow to over $4 billion by the year 2010! That’s pretty amazing.

An average domain name can be purchased for less than ten dollars and be resold for several hundred dollars within a few days. Each and every day ordinary people just like you and me are buying cheap domain names and making money with them in no time at all. And it’s simple once you know the secrets.

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Domaining

Back in the 1980’s buying and selling real estate was all the rage. Every TV channel carried late night infomercials about the ease of making money by using other people’s money to buy homes at a low price and then resell them quickly for profit. And they always reminded you that it’s about location, location, location.

In the new millennium, there’s no faster way of making money than by domaining – the art of buying and selling domain names as virtual real estate investments. And best of all, you don’t have to worry about having to make huge money investments, worrying about mortgage payments until you sell your property, or even being concerned with having to deal with fixer uppers. Read the story »