A few months after announcing they were planning a video sharing website as a possible rival to Google.
How does a domain investor grow his business? The biggest challenge facing many domain investors is branching out once success is found in the business of buying a selling names for a profit. This is especially difficult if the person has a good business acumen but lacks the technical know how to develop his domain names.
I have had the good fortune of being involved with some nice domain sales. I also have the good fortune of owning some top quality domain names (such as Devices.com, FlightDiscounts.com, and a recent acquisition that will be published next week). The biggest challenge I am facing right now is growing this from a hobby into a business.
In my opinion, there is still time left to buy good domain names at reasonable prices and make money selling them for a profit. Eventually, this market will dry up, and it will be difficult to be successful with this as the primary business plan.
I believe that the best way to grow my company is by developing some of the gems I own. Building an actual business is the key to development (as Darren Cleveland posted on Sahar’s Blog). Instead of using our domain names as parking lots, we are going to have to start building apartment buildings, stores, houses…etc
The challenge will be finding the right partners (web architects, if you will) to help me build some of my parking lots into beautiful virtual businesses. I have my eye on a couple of domain names that I want to buy. I have the business plan in place if I can reach an agreement with the owner. Now, I just need to find the right team.
Back in April, I received a phone call from a person with Sendori asking me about an application made using my domain names. The submitted email address was different than my Whois email address, and they wanted to verify the application. I thought it might have been made by a web developer working on my behalf since I never heard of the company before the phone call, but it turns out a scammer had applied for an account using my domain names and reputation.
For a couple of weeks in April, I put 5 domain names in my DNForum signature, and I had one new registration listed for sale in the offers section. Someone used those 6 domain names to apply for at least one parking company account (ParkingPanel.com) in addition to an account at Sendori. Perhaps they applied to other companies, but these were the two that contacted me due to the difference in the application email and my Whois email. The purpose of doing this, as I later found out, was to generate click fraud. The scammer somehow masked traffic and clicks to generate revenue. I am not good with the technical aspect of domain management, but apparently traffic looked like it was coming from these domain names even though the DNS was set elsewhere.
When ParkingPanel caught on, they immediately called me and told me what occurred. The account manager heard of me on one of the forums and knew I wouldn
People have been speculating about what impact the struggling mortgage market will have on PPC advertising, a source of revenue for many domain owners. New York Times blogger Brad Stone blogs about how Experian’sLowerMyBills.com has reduced its web advertising in light of the recent mortgage crunch.
While LowerMyBills.com is a big internet advertiser, I don’t believe there will be a major impact on PPC revenue. While the mortgage market is under pressure due to subprime mortgage borrowers defaulting on their loans, other types of mortgages are still in high demand. I believe other advertisers will fill the void, competing for the lower risk (and higher value) mortgages in the form of keyword bidding. I don’t own many high performance mortgage domain names, but it would be interesting to see if there has been an impact on revenue.