Domain Buying: Where To Invest Extra Cash
In the wealth creation bestseller title, “Rich Man, Poor Man”, author and businessman Robert Kiyosaki reveals that the secret to financial freedom is in creating multiple sources of passive income. He cites real estate as a good example of an investment with lots of potential for rental or sales income while it is an asset that appreciates in value over time. On the web, world Internet marketing expert James Schramko believes that the electronic equivalent of real estate is known as the domain name. And the corresponding investment activity for it? Domain buying.
Most investment managers will tell you that you can start an investment portfolio with a minimum fund of a hundred dollars. But they will also tell you that you won’t get rich quickly with that amount, what with the current state of the stock market worldwide and low interest rates that deposit accounts earn. But they probably won’t recommend a new kind of investment activity– domain buying..
Why domain buying?
Low investment capital: Domains are inexpensive. You can start with as little as $8 or $9 to buy a domain.
Instant profits: Depending on the relevance of the domain you buy, you can turn around and resell it at a high price to those who want or need it.
“Brandable”: Because domains are used to locate websites or pages, strategic Internet marketing activities can lead to domain awareness just like Yahoo, Google and Facebook. It is possible to take an unknown domain name and build it to become one of the most recognized businesses on the web using Internet marketing techniques.
Privacy: Domaining is a low profile business that you can easily do at home. This includes registration, website creation, marketing and domain flipping.. Many have earned thousands of dollars from this business activity in silence.
Useful Internet Marketing: Domain buying has yet to catch on in the traditional investors sphere although there is an increasing awareness about its value among Internet marketers. You can apply IM skills to find the ideal domains to invest in, add value to them and find buyers for them.
But like most investment activities, domain buying involves a combination of techniques to help you monetize a seemingly ordinary item like an inexpensive name into a fast cash asset. James reveals how he has earned much from domaining and is now teaching others how to do the same with this kind of Internet business..
