gold.jpg

Many folks are now getting into the internet “gold strike” or “real estate boom” of domain names.  Folks usually try to get lucrative domain names to buy and sell.  You may have already come across folks trying to sell you services or “insider knowledge” in this market.  What are you to think of this type of practice?

If you have green in your eyes when it comes to domain investing, you are probably going to be disappointed.  Yes, if you would have thought of this option in, say, 1985 – you would probably be a millionaire.  But now the game is very very different.  That’s because a lot of people are in the domain investing game.  Many top notch .com domains are already gone.  And it’s much like old real estate markets.  Unless something catastrophic happens, getting deals is all the numbers game.  You have to do lots of research, lots of buying, lots of selling, and lots of deal-making.  In other words, it’s a lot of work that requires dedication and resources.  Sorry to burst your bubble.

Now, let’s think of domain investing a little differently.  Most people seem to go into the domaineering or domaining arena looking to flip domain names.  I think that’s an accurate term.  They want to simply be the middle man with little to no work.  But you can also appreciate the value of a domain.  People will pay for good Google page rank, alexa rank, and traffic in a certain niche.  Yeah, I know, now you are thinking “But that takes work!” Stop whining, get real, and stop thinking get rich quick.  It’s usually a pipe dream anyway.  How could you do this without burning up a ton of time?  Well, now it’s time to get creative.  How about you farm out everything?  That includes design, implementation, etc.  Get a good domain name and build it from there.  Location, location, location.  Now you have a good domain name that you have rehabbed.  I know of several folks who do this full time.  Yes, it does require work, but they seem to think their freedom is worth it!

Get a plan and then register a domain name, get web hosting, and you are off.  Know of any other good nuances to the domaineering idea?  Let us know.