The Real Estate Business is BOOMING – Online, that is!
It’s called Domaining and not many people know everything there is to know about it. Well, I’m going to shed some light on it today with the assistance of DoshDosh and Net Business Blog. You see, I’ve been reading their basic explanations of the newest internet gold rush and have realized that it is not that much different from your every day real estate development market.
For those of you who think they might remember the concept of domaining as buying a domain name and then trying to sell it for a higher price to someone who wants the domain – you’re almost right. With the growth of online advertising and the billions of dollars in revenue it generates for search engines such as Google (Shadow) and Yahoo, “Domainers” have learned that they can make more money “parking” these blogs and setting up simple advertisements on them to take advantage of the traffic the domains can attract.
Much like how a real estate developer finds a cheap piece of land in a up and coming location, domainers find hidden jewels at places like GoDaddy, where they list expiring or about to expire domain names. And much like developers building office buildings, parking lots or condominiums, these domainers obtain their domain and then create a blog with all the free blog software out there now, perform a little standard SEO Magic, slap on some adsense ads and watch the money start to roll in.
I’ve read a story of http://www.CreditScore.com being bought off GoDaddy for a couple of thousand dollars and then being turned around to make up to 10 times that much MONTHLY!
Now, whoever said the real estate bubble was going to burst must be living in a cave (with no internet access) or something!
Matt Propst 8.17 am on 14.03.2007 Permalink
Gary, how much work is really involved? I ask because I run two maybe 3 developed sites (the third is quickly coming to something presentable) however i’m sitting on about 6 or 7 domains simply because I realized they are great domains to own, however I’d never gotten around to putting anything up on them.
Thanks!
Gary Lee 11.13 am on 14.03.2007 Permalink
The amount of work that is involved really depends on your experience as a web developer and SEO Marketer. If you’re family with creating a blog and then incorporating ads into the blog, that should take you less than a day to do. To properly SEO the site, there are many things you have to do – research, research research – but if you know what you’re doing, it can be done in less than a day too. I would suggest that you find out the keyword you want each domain to be “known” for and work from there. That will be your theme and then your ads will be based around that them to increase the CTR and CR of your ads.
Matt Propst 4.13 am on 15.03.2007 Permalink
Well content being king, I don’t think i’ve got the time right now to “properly” develop the sites, but i’m interested in your future articles on the topic, as well as possibly turning those currently unused domains into sites that can make me a few bucks!
startupspark.com - The Carnival of Entrepreneurs #15 Unleashed 6.28 am on 21.03.2007 Permalink
[...] Lee looks at a way people are making money with domain names without just buying and parking them waiting to sell them for a higher price. Personally, I’d [...]