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I mentioned before that i am starting to get into the domaining. I like domain names as an investment because they are relatively cheap and the potential is huge. It’s also much more tangable then stocks or bonds. For one, you can control each and every one of your domain name. You can decide if you want to set up a website or just keep it for later development. You can also buy and sell domains without paying high commissions.

I wanted to talk about domain transfers. Buying and selling domains is really simple. You can register a domain at a registrar like godaddy. You can buy them on auction sites like ebay. You can even pick up expired domain via tdnam. When you buy domains from auctions, you will come across sites that you never heard of. These are domain resellers who are housing their domain on their reseller plan. I don’t like buying from these guys. It’s a drag cause i usually transfer my domains from them. I used to think that transferring domain names were a waste of money. But it really isn’t cause you get an year extension on that domain. So it’s actually like renewing the domain. You going to renew anyway, might as well transfer the domain name to a registrar that you like. Or at least a major domain registrar.

I am trying to becoming a part time domain name collector. I already have a pretty nice collection of high quality domain names. I got interested in this because i read an article about Kevin Ham not to long ago. I think it was an article in Business 2.0 or something like that. Anyway, this guy might become the first domain name billionaire. Yup! That’s a thousand millions. How can domain names be worth so much. Well, you have to think of it like it’s real estate. You have to compare the good domains to condos facing Central Park. Premium domains are like 90210 properties. The internet economy works because of traffic. Advertiser are now recognizing that the future of media is switching online. Kids are spending more and more time in front of their computer as opposed to the television.

In the near future, the desktop or laptop or iphone will replace the television as the media player of choice. I figure that i am going into domain name investing a bit late. But when i think about it, i’m not really. It’s still early in the game and i think i can do well for myself with these investments. If you want more info about buying domain names, check out dnjournal.