Domains Are Still Hot!
Domains are the virtual real estate. Many people complain that all the good domains are gone and there is no more room for money in domains; those who were lucky to get the good domains in the early years are the only one to profit from domains.
Nothing could be further from the truth!
Unless your goal is to just go to a registrar and try to register a prime domain, then yes you are out of luck. On the other hand, if you want to invest in domains either by reselling domains or by making money parking domains, now is as good as anytime.
You have to think about domains and the internet as real estate. Domains are virtual real estate but they have many similarities with actual real estate. The argument real estate investors use to explain that no matter what happens to the price of housing, in the future, it will always go up simply because there is limited land and a growing number of people who want houses; you can not create land. This reasoning can be used for making money with domains as well; all the good domain names are already taken, so you can not re-create them, on the other hand, very few people can argue that the internet is bigger than ever and will keep growing. With this logic, a good domain that you buy now will inevitably increase its value simply with the rule of supply and demand.
I find that a great resource for learning more on domains and discussing with top players is at DnForum. You can find many bargains and there are many opportunities to buy and sell domains for profits with a small investment.
In every field there at least one huge player, and in domains, the domain king Rich Schwartz is the man. Here is someone who saw the opportunity of domains before anyone and took the plunge. Was he right? You bet. His portfolio of domains is now worth over 1 Billion dollars. You can find out more at eRealEstate and his personal blog at RicksBlog.
May 4th, 2007 at 1:50 pm
[…] you might already know, domains are still hot. A domain name represents your website and you. When you start a website or a blog, you of course […]