What Makes a Major Domain Name Player?
Domain name investing is the only game in which you have
absolute control over the fate of your investment on a global
market.
Many amateur domain name investors are scrambling into the
market, hoping to make a high gain from offering just a few
domain names for sale
on the auctions. This of course is how most of us began, but in
the end you will either sink or swim. To become a major domain
name player you must first learn the art of buying, selling is
considered unpopular among top domain name investors.
So what does it take to make it to the top? Well, first of all
it takes guts, and second it takes a vision. Some major domain name
players simply wish to conquer a certain market by buying off
thousands of domains which will put them in control of demand, and
demand controls the price. Slowly feeding these domains back on the
market they are almost guaranteed a golden nugget. What do they do
with the rest of the thousands of domain names? Just park them and
watch the revenue roll in by serving Pay-Per-Click advertisements
to the millions of visitors the domains generate each month. An
example of such brutal market sweep happened on Monday, Feb. 23
2004 when Thunayan K. AL-Ghanim, widely known as Elequa, owner of
one of the world’s largest domain portfolios (containing about
35,000 domains), closed out the last three-letter .info domains.
Just 48 hours later he came back and wiped out the entire remaining
stock of three-letter .biz domains in one day (approx. 4,600
domains). If you feel like this is your style, several hundred
domains will get you into the door, but you will need several
thousand to have a seat at the table.
Other domain name players take on a very different game. They
treat each domain name as a precious jewel and need only a handful
of top-notch domains in their vault to fulfill their appetite.
Their goal is to develop each domain into a money-generating cow
from scratch. This approach requires just a couple domains that
could cost anywhere from just a few thousand dollars up to anywhere
close to the million bench-mark (depending on how huge the vision
is). Chris Chena, a whiz kid from Paraguay took on this strategy
after failing a few times in domain name investments. He went after
the finest Spanish domains such as Juegos.com (games in Spanish)
and Viajes.com (travel). After successfully developing them, he
maintains gold streams of hundreds of thousands dollars in monthly
revenues which more than paid for themselves a few times over.
So, lesson learned from the big guns. Become skilled at
sustaining a revenue stream from your domain name investments. And
when you are ready to grow up, mass register hundreds or even
thousands domains, or buy off a few exclusive broad-market domains.
Make a goal, and enjoy the game.
For more information on domain name investment visit http://www.planswork.com
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