There are quite a few benefits to investing in domain names. You can work from anywhere in the world and can work any time you want. If you invest part-time, you can hold a full time job if you want and supplement your income with domain names. You can work as much or as little as you want buying, selling, and researching domain names.
I know people who love the business of domain investing, but I also know some people who think it is as boring as heck. I can see both sides of it.
I spend most of my time working alone. I might have 3 phone calls with other investors a week – and that’s a busy week. I spend quite a bit of time negotiating with buyers and sellers, and that can be fun and/or frustrating. Domain investing can be exciting and exhilarating, but some people can also find it boring because it can be tedious and lonely.
Do you think domain investing is a boring business?
I’d say the more interesting elements of domain speculation relate to its role in the business model. When it comes to marketing in the Information Age, a company securing the right domain name is critical. You learn a lot about forthcoming products and services while researching, buying and selling domain names. Likewise, the smart speculator learns about the IP issues and gains valuable sales experience. Also, domain names put you in contact with the most powerful business corporations, startups, and power players if you purchase the right domain name. For example, look at how Domain King positioned himself with his Candy.com deal. Case study…
These are the fun aspects of domain speculation.
Thanks for blogging, you make it less boring.
domaining is like scrabble, but instead of points it’s $$$. unlike scrabble, you can make up words! recently, i sold a two-word, two-syllable $9 .com registration for $900 just months after registering it. last week i sold a single word cctld for $3500 that i reg’d for $8 just months prior. i don’t even do outbound sales. that said, in my opinion the real fun and money comes from development of great names.
How can it be boring when I can hand reg for $9 and sell for $$$$!!
Easy peasy
There are fans around the world of racing F1, I get bored tremendously. If something bores you, it’s probably not for you, or at least it’s not your passion
I love the idea of owning domain names that no one else can own.
That’s what sold me on domains. Control.
Being in control is not boring to me.
I think it depends on what kind of domain investing you do. If you have a small port with high value names, you might not have a lot of action everyday. But if you have a big port with a lot of smaller offers, it might be more exciting because you would be working deals daily.
Boring?… If you read everything you have to read every day before registering one then, you would see that it is not boring.