April 25, 2006 | In Technology |
The internet domain industry is still going strong, with at least 15 web addresses having already sold for over $100,000 this year.
Some of the most notable sales to date in 2006 include On.com ($635,000), Macau.com ($550,000), and Blue.com ($500,000). An all time industry record was also set when Sex.com sold for an estimated $12 million in cash and stock, as part of a private deal in January.
“The domain name is 21st century real estate,” commented Warren Adelman, who is president of the world’s biggest domain registrar, GoDaddy.com. “The economy is being increasingly driven by the Internet sector.”
This explosion in “internet real estate” has created opportunities for an estimated 1,000 to 2,000 people to make a full-time income from simply buying and selling domains. This is a difficult area to get in to, as there is a lot of competition, and only the best can truly prevail.
Those willing to do a bit of writing and link building, however, can make quite a decent living by developing “mini sites,” which can be used to generate Adsense revenue, and generally sell for as much as high $xxx on the open market. (I have done this myself many times.)
Expansion into light web development and content production can vastly improve a domain prospector’s chance of succeeding in this highly competitive and often cutthroat industry.
