Yes, cellphones.com netted its owner more than four million dollars. Another domain name, toys.com sold for more than $5 million.
What makes simple domain names like this so valuable? It’s something Wall Street calls ‘direct navigation’. Simply stated, millions of web surfers do not use Google or any other search engine. They type in the item they are looking for and just add dot com.
Domain speculation can be exciting, but it can be risky as the success rate is relatively low, but if you’re up for it, here’s 10 tips for making money on domain names from Deepak Arora.
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