Its Not Too Late To Join In The Domain Name Game

If you are afraid you have missed the domain name real estate market, think again. Several experts claim there is still plenty of room for players in the domain name game. According to Ron Jackson , publisher of DNJournal.com, the domain market has flourished during a time when the real world’s real estate market is floundering. Take for example GoDaddy.com, the world’s largest registrar of domain names, who recently announced it registered its 30 millionth domain name. Jackson, who also buys and sells domain names, said in a recent interview 'Domains have held up remarkably well, in the first six months of 2008, total reported sales in the domain aftermarket rose 11.6 percent over the first half of 2007 when the overall economy was in dramatically better condition than it is now.

Jackson goes on to point out there are infinite possibilities when it comes to domain names. Currently, there are approximately 1.4 billion domains registered according to the Internet World Statistics. 'Domains have been able to defy economic gravity,' Jackson said, 'Because so many traditional businesses are moving online to take advantage of the cost savings and global reach.' One of the reasons why the domain name game is so popular is because it requires very little money to get started, and the earning opportunities are outstanding. In a market where 248.com sold for $175,500 and Fund.com sold for almost 1 million dollars, the appeal is obvious.

According to Jackson, domains are the latest gold rush. 'You can definitely do it part time, and, in fact, I think that’s the best way to start,' Jackson said.

'This business is open to people from all financial backgrounds. A domain costs less than $10 most places, so you can start with very little. Those who already have a lot of money can afford to buy more attractive assets right away, but others can certainly build up to the major player level. Over the years, I’ve seen many people become millionaires.

Of course there is more to being successful at domaining than picking up a few names and turning them for a quick profit. The game requires time and research to effectively select names that present the opportunity to be successful. Domain author John Motson, who penned the e-book, Domaining Manifesto, reiterates the importance of investing time into the market.

'First, domaining is not a get-rich-quick scheme,' Motson said. Yes, you can earn a lot of money with the right investments, but first you have to put the hours in. You should do a lot of research, follow popular domaining forums and domain news blogs and, in general, feel your way in.

Motson also said the domain market is like a ladder with the wise and lucky domainers at the top. 'The thing you have to remember, though, is that due to the nature of the domain industry, the road from the bottom to the top can be quick,' Motson said. 'All it takes is one smart investment.'