Domain Name speculation has become big business. According to recent study, the average domain name bought and sold by domain name speculators realized a 377% profit. In addition, the average domain name was sold in 12.5 months.
Domain name speculation involves finding domain names that appear valuable, and waiting with the domain in hopes that someone will want to purchase it in the future. With a great domain name like business.com, this can yield huge returns. Business.com was sold for over $7 million!
When domain name speculators buy a domain name, they generally put up a page indicating that the domain is for sale. This becomes a sort of free advertising, whereby someone interested in that domain name will naturally check out the site to see if it is a competitor, or if the domain can be purchased.
But selling the domain is not the only way domain name speculators make money. In addition to advertising that the page is for sale, most domain speculators park their domains with a domain parking service. These services store a simple website for free, and place content sensitive advertising on the parking pages. They share advertising revenue with the owner of the domain. In this way, domain name speculators get free website hosting for their domains, along with occasional advertising revenue.
There are important considerations that must be taken into account before embarking on a domain name speculation career. While it is always advisable to purchase any really high quality domain name available, actually making a stable income from domain name speculation can require significant resources. It will cost a considerable amount to purchase the domain names necessary to make a stable income, and it is certainly no get-rich-quick opportunity.
As a domain name speculator, you should carefully analyze the domain name registrars and communicate with them about bulk purchasing opportunities. A domain name speculator will be buying many perhaps even hundreds of domain names daily, and should therefore find the best discounts on domain names. Many registrars will allow for domain names to be purchased in bulk at substantial discounts. Taking advantage of these opportunities will likely be the difference between success and failure at this type of enterprise.
Deciding which domain names to purchase can be challenging. It is very difficult to find high quality .com names. But dont rule out country-specific extensions. As countries get their own extensions, a new world of high quality available domain names is opened up to speculators. New top level domains are being created all the time, and most recently a .jobs domain name was created. A name like computer.jobs could prove very valuable in the long term.
While a lot has been mentioned of purchasing names like Mcdonalads.com, this practice is not particularly productive. Trademark laws allow corporations with trademarked names to take domain names that violate their trademarks. So rather than getting a big paycheck for registering a companys trademarked name, youre likely to be served with a lawsuit demanding you forfeit the name to them.
Domain name speculation should be viewed for what it is: an investment opportunity. Like all investments, the returns will be predicated on the wisdom and decision making skills of the investor.
Rex Ryan maitains the website:
How many times have you read or heard on the news that someone hit a state lottery Winning Millions of Dollars.
The odds of winning a major state / multi-state lottery is for example:1 in 120,526,770 is your chance of winning the most popular multi-state lottery in the U.S. Power Ball.
Trying to guess which of the 1 to 53 and 1 Powerball number from 1 to 42 will come out on is mind boggling and to make it even tougher; the rule is that you must get the 1 in 120,526,770 right on the night that you play.
No holding onto your ticket and see if it comes out in a couple of weeks. If you dont hit it on the date on your ticket. You can just trash your hard earned $1.00.If you purchased plays 10 then, just lost 10 of your hard earned dollars!
There is BETTER game for you to play with better chances to win (sort of speak)! One day as I was cruising down the information highway I came across some information that made me slam on my breaks! People were playing the NEW Lottery!
This Game is so cheap that it comes out to about 0.025342465753424657534246575342466 (my trusty calculator) per day to play.Being terrible with numbers Im not even going to attempt to figure out what the odds of hitting this lottery is!One thing Im sure of this NEW Lottery has to have much better odds!What makes it special to me is; its for those of US who love letters and words.
I called it the Name Game.
One Play gets you a whole year to hit! Just about anyone can play it for less than pennies a day (refer to the 0.025 number above .)
Simply come up with a domain name and buy it. Within days you could be on your way to Literally Millions!
Imagine if you were the one who came up with and bought Business.com.
You would have hit that Name Lottery for $8 million dollars! Yes, 8 Million! I repeat, thats $8,000,000,00!
Business.com is the current record holder for that highest paid domain name.
It took the spot from Compaq who paid something like $3.300,000,00 million for the the domain Altavista.com back in February 3, 2000.You probably recognize the Altavista name now but before Compaq bought it, it was likely a big dude in the world of internet.Has these Million Dollar Figures made you decide to Play the Domain Lottery. If so here is a tip or two to get you started.The most popular web address (not the same as email address) end in .COM. The second most popular is .NET
The absolute major combination hit is to have a .COM consisting of just one word i.e. business.com if that isnt available go for its sister version business.net. These names all go for just under $10.00. (If they arent already taken!
Just thought of one could you could you hold on please while I go check it out Thank you for waiting however I just tried business.TV and it is already taken and is probably up for sale.Once you purchase a domain name its yours. You can transfer it, let it just sit there or SELL IT!
In fact there is so much money to be made in domain names that there are companies who do just that. They put you domain name up for sale on their site!
You are charged a listing fee; usually starting at about $50.00 to $250.00. If your domain is sold through their site you are charged a commission fee which can be anywhere between 5 10% of the purchase price.
During the research for this article, I came across one which charges just $0.79 cents to list a domain name and NO Commission fees.
All in all when you are getting paid $8 Million for simply coming up with a name.
Id say thats a great way to hit any lottery, without having to get dressed, hurry to the convenientstore before the deadline cut-off time!
Now: What would I do if I hit one of these Domain lotteries I must state like many other multi-million dollar lottery winners. Id keep working because words and writing is a part of me and is what I love!
Happy Domaining to You All!
Terri Wells
Terri is a freelance writer, writing articles for businesses for a small fee.