domain names business

What makes a domain name a successful business?

There are plenty of damin names out there with potential. Potential means nothing without a business plan. If you have a domain name that you feel is worth money, you are wrong. A domain name by itself is worthless unless there is someone out there who is willing to invest in it.

Making money from domain names is not limited anymore to the buying and selling of domain names.

True, the true value of a domain name is hard to predict. Its value is dictated by the amount of money a person/organization is willing to pay for it. It’s a hit and miss business – you may find some names you think are worth high only to find no takers.

But the business of domain name has evolved. Before, your only option is to buy a domain name, and wait for someone interested to buy it. Now you can earn money from your domain names without selling them. All you have to do it to put advertising on it. Google has a domain park program where you can put Adsense ads on your domain. And wait for type in traffic (those who type in the URL and make misspellings so instead of landing on the site they want to go they go elsewhere.)

Business 2.0 had an interesting article on the new business model of domain names http://money.cnn.com/2005/11/30/technology/domains_biz20_1205/index.htm

The Domain Name Business is Real!