03 Jul '11, 12pm

Domain Investing Isn't Playing The Lottery, It's Investing

A comments to another post on Minus.com selling for $115K inspired this post which is about the business of domain investing. Here is the comment that sparked the idea for this post: “”yeah like you can pick and predict the next lotto numbers” “these forums and threads need to have stories of people losing money.” “I want to see stories here headlined, “Another 300 people lose over $10,000 this month” “I guarantee you for every lotto winner there are 1000s of people losing money; unfortunately, silently, because all these stories are all one sided, choosing only to show the lotto winners.”" This commentator is not alone. They look like domains as a lottery ticket, where if you get lucky you sell one once in a while. Wrong. If you want to think of domain investing as a hobby or as a shot in the dark, a lottery ticket that’s your choice but its not a business plan. Just like...

Full article: http://www.thedomains.com/2011/07/03/domain-investing-isn...

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