Exactly. I've been a domain name owner since 1995 and an investor since 1996. It became clear pretty quick that there are only three types of people making money in the world domain names:
(1) people that own good business-oriented domain names;
(2) scammers
(3) people that make money from helping the first two types of people
Of course, type one and three are often a subset of type two.
One good thing is that I do believe people are becoming more sophisticated. And now that click business valuations have all but collapsed, many "domainers" are realizing they were sold a bill of goods.
Unfortunately, as these domainers restructure, the new people drawn in by today's financial despair (and the real success experienced by the owners of good domain names) are likely to be paying some expensive dues as they speed around the learning curve.
I say unfortunately, not just because it extends the "shady and misleading" reputation of the domain name "industry", but also because it makes it much more difficult for investors that actually conduct end user sales to real businesses (as opposed to reselling to each other).
Anyway, yes, I laughed out loud when they sent that contract to me.
But that's just me.
