Did you know that you could have been a multi-millionaire? All you needed was $100 several years ago, and the knowledge of where to invest. Back then you could have purchased the domain name “business.com” for a hundred dollar bill (that was actually a high price to pay – today you can get a domain name for less than $10 per year). Of course, the guy that made that investment was purely speculating that “business.com” would be worth more than $100 some day.
He was right. A few years later, he sold it for $7.5 million. And you or I or anyone could have made that same investment. Now, the average person would say, “Yeah, that was a great opportunity…probably won’t be any more big chances like that again…” Wrong.
The domain name “business.com” was sold again, just last year. This time, for $350 million.
While most of the “quality” domain names have been taken, two things are certain:
1. There is still a lot of money to be made in buying and selling names
2. There are still good domain names available. You just have to find them.
Finding a high-quality domain name is sort of like panning for gold. You never know when you will come across the mother lode. A quality domain name is short, preferably 1 or 2 words, easily remembered, easily spelled, and related to a niche interest.
So where can you find good domain names? One place to start is availabledomainnames.com – this guy makes his living buying and selling names. He has a huge inventory of names; in fact, he has so many that he even publishes lists of potentially good names that he won’t even bother to buy. For the small investor who wants to take a chance on buying something that may be very valuable in the future, it can be fun and maybe profitable a few years down the road. You can buy it and keep it, or you can even use it yourself to create a blog about a special interest or hobby that you know about.
Even if you bought just one domain name a week, before long you could have a nice little portfolio. It’s a lot more likely to make you a fortune than that lottery ticket.