In these
turbulent economic times, millions of people are looking to the internet as a
way to make money. Where would one begin? The internet is infinite, but is there
opportunity?
We here about
those who have succeeded; maybe we have bought tickets to their seminars or
listened to their disks. For every one who succeeds, there are millions who
fail. Here are descriptions of one great
way to build wealth online.
Buying domain
names and selling them for a profit is a venture
that can be started with only a few dollars. Imagine a domain name as a
property, and if you are the first to buy this property, which can be as low as
a few dollars, a tremendous profit can be made. Turn a few nickels into
millions, not quite. This is a very competitive market in which success can be
dictated by research and even a little bit of luck.
Many of the
words ‘premium’ domains have been snatched up, but that doesn’t mean that they
are not for sale. Everything is for sale.
In recent times,
people have achieved success by buying up acronyms and being a few steps ahead
of the game. You may come across ridiculous pricing, for a domain name that may
seem worthless. You are probably right. The market is saturated with people
trying to sell their product, and hoping to find a buyer who is stupid enough
to pay top dollar.
Anything that
starts with ‘i’ is pretty much inflated to the point of being absurd. Many
domain buyers run into the issue of hoarding, which also can run you through
cash, very-very quickly. Keep in mind that every domain you think of, and is
available, is probably worthless. So keep an eye open for: budding celebrities’
names, catchy sounds which are 5 letters or less, acronyms, and slang.
Keep abreast of
business news and ask yourself these questions: Are these companies merging?
What new ventures are on the horizon? What would a good nick-name be? The main draw to the domain-game is start-up
cost. However, a 99 cent domain is still a loss if no one wants to buy it. You
can build wealth online buying domain names and selling them for a profit.
Posted on behalf of Adam Ginsberg by the Adam Ginsberg Team
Adam Ginsberg
would love to work with you on getting you
started with your business on the web. So, drop him a line or check out his
website for his eBay tools
and resources. You could also read his book, “101
secrets of an Auction Millionaire” for some inspiration.
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