Make money with AmazonMake money with domains
January 9th 2011 07:54
By knowing how to make money with amazon and adsense, I want to expand my make money ventures by looking into domain investments. Most of the people would think that this area has already been dried up since many of the good domain names have been taken. Well this is true to an extend, there are still room for smart investors to make make off this venture. Here is the 2 main reason why I think the opportunity still exist.
First, new terms are appearing constantly. Stem cell for example seem to be on the brink of breaking into the mainstream and anybody could have bought the name stemcell.com a couple of years back.
Second, you can still some money (in the five digit figure) to buy some really good one name domain such as ottomans.net, discoveries.com etc. The stakes are up but i believe these domains will go up in value. What looks like expensive now will appear to be cheap in five years time. As such, i rather save up some money to buy a couple of branded domains than comprise the quality and buy lots of 3 or 4 word domains.
However, to start this business, my approach is to look for smaller investments first to familiarize myself with the ins and outs of how domain investing works. I expect my first few numbers to be completely rubbish but that is the kind of 'tuition' fees that I need to pay.
I have not invest in any expensive domains yet. I bought a few that I thought have a chance to become brandable in the future. One such example is robot massage. Why do I pick this domain. Well, I took a look at robot vacuum which has been made popular by products such as the romba. My bet is that robot massage might take off, of which this domain will be a nice name for any stores that want to sell such products. We shall see if this investment pens out.
First, new terms are appearing constantly. Stem cell for example seem to be on the brink of breaking into the mainstream and anybody could have bought the name stemcell.com a couple of years back.
Second, you can still some money (in the five digit figure) to buy some really good one name domain such as ottomans.net, discoveries.com etc. The stakes are up but i believe these domains will go up in value. What looks like expensive now will appear to be cheap in five years time. As such, i rather save up some money to buy a couple of branded domains than comprise the quality and buy lots of 3 or 4 word domains.
However, to start this business, my approach is to look for smaller investments first to familiarize myself with the ins and outs of how domain investing works. I expect my first few numbers to be completely rubbish but that is the kind of 'tuition' fees that I need to pay.
I have not invest in any expensive domains yet. I bought a few that I thought have a chance to become brandable in the future. One such example is robot massage. Why do I pick this domain. Well, I took a look at robot vacuum which has been made popular by products such as the romba. My bet is that robot massage might take off, of which this domain will be a nice name for any stores that want to sell such products. We shall see if this investment pens out.
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