31st July 2008
Domain name investment highlighted for entrepreneurs
Domain name news brought to you by DescriptiveDomainNames.com
Business website Entrepreneur.com has focused on domain name investment recently.
While the property in the "real world" has hit problems amid the credit crunch, the article states internet real aside is holding its head well above water.
It also points out that as there are a finite number of domains, generic domain names and .coms are increasing in value.
Building up a domain name portfolio takes time and effort, however, according to domain owner and author of Domaining Manifesto, John Motson.
"First, domaining is not a get-rich-quick scheme. Yes, you can earn a lot of money with the right investments but first you have to put the hours in," he told Entrepreneur.com.
Mr Motson recommended potential investors "feel your way in" by following domain news and blogs.
Howard Hoffman, owner of generic domain names such as SportsWater.com was also interviewed. He said when starting out he spoke to owners of "a thousand or more domains" and now makes his living solely from domains.
According to Internet World Statistics, quoted in the article, the internet has 1.4 billion users, meaning the right generic domain names could attract millions of customers.
Visit Entrepreneur.com for the full article.
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