China Business Opportunity
Ok, back from vacation; this time we are going to talk about some Internet Business Opportunities in China. In this entry, in specific, domain name (cyber) real estate in the Chinese internet business world.
What is Domain Name Real Estate?
"Domain Name Real Estate" is a term coined by the internet investment community relating to the parallel that exists between high quality internet domain names and real-world, prime real estate. Where entreprenuers snatch up the quality domain names (usually short real words) and resell those domains for many times their original value.
For example, the domain name Business.com was sold for a staggering $8 million and Wine.com was sold for $7 million dollars. That makes them the most expensive domain names in the world.
It's the .com addresses that are pulling in the big money. Out of the 32 million or so domain names registered worldwide over 22 million of them are .coms. The second most popular is .net, with a paltry 5 million domains registered.
But isn't it a bit late to grab those really great domain names and to turn yourself into an overnight millionaire by auctioning them off? Yes, the truth is, all the good .com domains were long gone, snatched up by Internet pioneers who realized their potential value. In fact over 98 percent of the words in Webster's dictionary have already been registered. So why are we still talking about this? You may wonder.
So here's the deal, while most valuable .com domains are being occupied, many valuable Chinese domain names are not. As a smart entrepreneur, you can exploit this opportunity very easily.
So now we have explained what domain name real estate is, next time in China Business Opportunities, we will talk about how you can take advantage of the cyber real estate opportunities in China.
Ok, back from vacation; this time we are going to talk about some Internet Business Opportunities in China. In this entry, in specific, domain name (cyber) real estate in the Chinese internet business world.
What is Domain Name Real Estate?
"Domain Name Real Estate" is a term coined by the internet investment community relating to the parallel that exists between high quality internet domain names and real-world, prime real estate. Where entreprenuers snatch up the quality domain names (usually short real words) and resell those domains for many times their original value.
For example, the domain name Business.com was sold for a staggering $8 million and Wine.com was sold for $7 million dollars. That makes them the most expensive domain names in the world.
It's the .com addresses that are pulling in the big money. Out of the 32 million or so domain names registered worldwide over 22 million of them are .coms. The second most popular is .net, with a paltry 5 million domains registered.
But isn't it a bit late to grab those really great domain names and to turn yourself into an overnight millionaire by auctioning them off? Yes, the truth is, all the good .com domains were long gone, snatched up by Internet pioneers who realized their potential value. In fact over 98 percent of the words in Webster's dictionary have already been registered. So why are we still talking about this? You may wonder.
So here's the deal, while most valuable .com domains are being occupied, many valuable Chinese domain names are not. As a smart entrepreneur, you can exploit this opportunity very easily.
So now we have explained what domain name real estate is, next time in China Business Opportunities, we will talk about how you can take advantage of the cyber real estate opportunities in China.
This post first appeared on China Business Opportunities | Trade Secrets | Joi, please read the originial post: here
