Making money on the Internet is a very exciting prospect for many people, trouble is that there are so many different ways to do it that it can be very confusing to find the right one to make your fortune with! One of the best known methods of making money is by investing in domain name real estate, this is quickly increasing in popularity each and every day!
Domain names are continually selling for higher and higher amounts of money, with a particular interest in generic names such as the website datarecovery which recently sold for a staggering $1.7 million.
There are a few different ways to use domain names to make money on the Internet, we'll look at each of these now.
Generic Domain Names
When looking for generic domain names you might have your work cut out for you, most of the single word domains will already be occupied. If you work hard then you will be able to find two and three word generic domain names.
Don't get too creative, try to choose domains that people would actually visit if they were interested in the industry.
Look out for Trends
Try to stay up to date with current trends and language, if there are any new words which are appearing then you might like to register them as soon as possible.
New trends and new phrases are always being created, so you need to be on the lookout!
Local Domains
Another method would be choosing domains which are targeted to a certain area, for example BostonCars.com, and domains like that. Although these sorts of domains are still in their infancy they will almost certainly increase in popularity.
If you're willing to put in plenty of effort then you will be able to make millions by investing in domain names.
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