Buying domain names and holding onto them has made a small fortune for a good number of people. Many domain name squatters pay less than $10 a year to hold names and some of these folks have a 1000 to 10,000 of them. Each time they sell a domain name they make money and a huge profit.
The other day someone wanted to get me involved in their business venture of buying domains, because they have not been able to sell very many recently due to the recession and they don’t have enough money to hold onto all these names.
In this case, would be a good investment to help them retain the domains and then take a percentage of the profit when they are sold? It might be a better investment to wait for other high quality names that people are dropping due to the recession. A good many very excellent domains are now available, and you can get some really good solid names. During the height of the economic boom, it was nearly impossible to get a good deal on a name.
It was as if everyone was holding them for ransom, as if they were gold or something. So you ask are domains still a good investment? Actually, the answer is they are probably a better investment now considering that we should have an economic recovery in 2010, meaning you’d only have to hold domains for one or two years and you’d be able to sell them at a substantial profit. Perhaps this is something you’d like to look into, so I thought I’d throw out the information to you. Please consider all this.