Making money with domains late in the game.

[DigimainsBiz]

Good Evening,
Today I was just thinking about how to be successful in this business, but since I've been in the game only since January of this year, and my budget is in the hundreds at most. The people who either have been in the game since the 90's, or have thousands to spend, may easily live from domaining alone, but that's just not realistic to many of us. With the BenedictXVI domain publicity, and with new technology such as voip and genetic modification, I think that I've come up with a good stategy to make money in the domain game, even this late after all the "good names are gone". As large current events occur, and new technology is proposed and researched, it is very wise to register domain names pertaining to the upcoming technology, and current events, ect...

Some of the names that I've registered using this theory include:

AirplaneWifi.com
PlaneWifi.com
FlightWifi.com
GeneticallyModifiedSeeds.com
StemCellExperiments.com

My hope is that in the future, as these technologies increase, these domains will become desirable.com (An example was that somebody registered VOIP.com when it was just proposed). One mistake that people make, is that they register names that are copyrighted and trademarked, which leads to many unwanted legal troubles and hassles. So for example, instead of registering Vonage.net, it would have been wiser to register VoiceOverIp.com. One warning about this method, is that you ARE NOT going to become rich over night with this. As the names you register were available, it will take time for the technology to become widespread, and only then will you get full value for the name. One exception to this rule is current events, such as the new Pope or the London terror attacks, in which case, you would like to sell the name ASAP, before intrest in the event dies down, and the value drastically decreases. One last thing to remember, is that even if out of 50 domains, you sell a minimum of 1 name for full value, it will pay off the other names MANY times over.

What do you think about this?

If you do own any of these types of domains, what are some of them?



Thanks for reading,
Bob

 

[VURG]

Another thing that can be considered are which verbs are becoming more fashionable.

 

[danielr]

Maybe you should read a post I made a few weeks ago....

http://namepros.com/showthread.php?t=100747

 

[JMJ]

Good way to plan for the future but there are ways to make it at this time even on a shoestring budget. Grant it you won't make a living off $100 investment without alot of luck on your side but eventually you can get to that level.

Another way of looking at things is regardless of what anyone thinks internet properties values will only increase. I can't even count the number of "If I only bought " senarios in the past couple of years and at the same time I have those "If only I wouldn't have sold."

Even with new extensions rolling out. The more they bring on the less of those they will sell and what everyone is comfortable with will stay the same. With built sites and revenue names there is some method of getting a perceived value but it still boils down to what the seller is willing to sell for and what the buyer is willing to pay.

More or less you can buy any internet property and sell it for whatever you wish and noone can tell you how much that amount could, should or will be. A good business model to follow if you want more sales and more happy customers then sell it for less than another might sell it for. It all works out in the end. If you make a dollar doing something do it 100 times a day and you have $36,500 a year.

 

[mole]

Even with new extensions rolling out. The more they bring on the less of those they will sell and what everyone is comfortable with will stay the same.

The Internet never stays the same :bah each year brings new market developments, new technology, and new namespace.

20 year old .COM may be the default extension for the Internet, but comfort level/familiarity for the new extensions will continue to grow year on year.

 

[Michelle]

That is the only reason I have arrived here lol

I live in an unknown area which is gonna be something rather big and special and very well know in about a years time.. No im not a witch hehe :blink:

So just had the idea of buying some related names which I hope will make me some money. I have already had a couple of local phone calls with interest as business is gonna be really big.

May just fall flat on my face as well though :lol:

 

[mole]

So just had the idea of buying some related names which I hope will make me some money.

You need to think carefully about this, this guy at http://www.domainnesteggs.com seems to down the deck of cards like you.

 

[Michelle]

You need to think carefully about this, this guy at http://www.domainnesteggs.com seems to down the deck of cards like you.

Am very new around here and am sure have already and will make some very large mistakes but cant see the harm in buying available site names realated to an unknown place now thats gonna be really big next year and cos not many really know about it yet *public relations starting in jan next year* all the names are available

 

[worldstar]

It is really difficult to prodict the trend!
I do not register names more than 3 words!