It seems that everyone wants to get into the domain investment business. All it takes is internet access, a good idea and around $8.00 and you can buy yourself a great domain name! Shoot – you don’t even need a great idea to register a domain name. Come on, everyone has a few of those alcohol-induced purchases, right?
The point is that it’s very easy for people to register domain names and become involved in the domain business. One thing I’ve noticed is the diverse backgrounds of people I know in the domain industry. There are marketers, lawyers, doctors, techies, professors, salesmen…etc. The list of professions is deep, to say the least. This is because the domain industry spans every single profession and industry, allowing those with a strong background in a particular field to have an advantage over others.
Take my friend Ben for example. He’s a finance guy who knows that business well. After many discussions about the domain industry, my friend decided to get his feet wet and register a few domain names that jive with his finance background. Although he won’t be able to retire on most of the names he purchased, he did acquire some pretty good names in YuanInvestment.com (Yuan is the Chinese currency), MarginInvesting.com, and YenInvestment.com (BTW, if you are interested in acquiring these, drop me a line!).
Although he may not even realize it until reading this post, I think the most valuable domain name that he owns is his own first/last name in the .com. He is now in control of his name on the Internet, which will be important once he really makes a name for himself. Ben is a smart guy. When the domain industry really comes from under the radar, Ben will probably be managing billions of dollars, and he will have a leg up on everyone else. Shoot, maybe Ben will be the financier that helps propel the domain business forward.