I’m sure you’ve heard about fantastic domain names going at prices which you can never imagine; yep, you can even buy real solid real estate with some of the domain names on the Internet.
Legendary Domains sold Till Date
Business.com - $360,000,000
LowerMyBills.com - $330,000,000
Sex.com - $12,000,000
AsSeenOnTv.com - $5,000,000
CreditCards.com - $2,750,000
Invest.com - $1,015,000
And I’ve been dwelling around Sedo, one of the leading online domain market place to find what kind of domains get sold for a decent dough,
nak.com bidding at $10,000
247.us sold at $8,201
rwb.com sold for $8,433
So, can anyone actually make a decent living or extra pocket money just by dwelling and waiting for good domain buys?
The answer is yes, but the competition is stiff. A typical ‘.com’ domain would cost you probably less than $10 USD per year, but to find a good domain name that worth some bucks is almost impossible to find. Don’t believe me? Try it. Use Who.is to help you start searching.
Use your usual dictionary (dictionary attack, as they call it), flip through and try seeing if there’s any available one word domain. If you have one (I’d be surprise!), see how relevant it is on keyword searches at Overture. The chance that you can find a single word that worth something is close to zero. Oh you could try getting two words together too. Like, maybe… myclock, bestinvestment, cleverboy, something down the line. Nada? It shows how many internet users are now trying to get a piece of this domain industry.
Dropped Domains? What is It? Thinking of CyberSquatting?
So you know most of the existing valuable domains are now being registered and use. Are there chances that some of the domains are unused and people don’t know the value of their names? Yes. So can you exactly wait for them to expire and just register it? Technically yes, and no.
For the rightful owners of the domains, they’re allowed to renew their lease through their registrar and given 75 days after the expiry date to renew (sometimes even shorter). And if it eventually drops (expiring of domain), people who actually waits for it to register are infamously known as Cybersquatters.
Check out this ironic article on a journalist being robbed of her own domain and the cybersquatter offered to sell it back at $888
Even if you are cybersquatting on a domain, it’s really not that easy to get it if it’s a high profiled address.
So is Domain Investing For You?
If you are serious about this business (I reckon it wouldn’t exactly hurt doing it on a part time basis) join us as NobsInvest releases a guide on where could you find domain investing resources, appraisals and market places you can make use of.
We’ll also be looking at the upcoming hot trends of domain investing like new extensions that is coming up (.asia) and the pipping hot IDN domains.
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Although i doubt that anyone will be able to acquire good named domains anymore.. i truly believe that second grade (two words and more) domains can hold great value if you manage to monetize them …
The above domains where not sold at these prices just for the name … Some might but not all..
For example the business.com domain was generating around $15 million USD at the time it was sold …
.. Though, how to monetize a site, on a low budget, is another story on its own … i am looking into it
I have some BH ideas but i need to overcome my web ethics before i get on with it (i am nearing :p )..
gaby
Humm BH ideas? Pm me on NN will ya?
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