Domain king cashes $750,000 check for $70 domain...
 

Not a bad little chunk of Cash... :)

Spend some time reading Quality Blogs and you'll get all kinds of Great ideas...

Excellent Domaining info... And other Usable business idea info & possibilities...

The fabulous life of the domain-name king
http://valleywag.com/349797/the-fabu...main+name-king
http://valleywag.com/346265/domain-k...-for-70-domain

Domain king's rivers of Gold... ;)
http://www.smh.com.au/news/web/domai...369021193.html

I love economic slowdowns. I love recessions. This event FORCES people to actually work for a living. Look for new answers to old problems. Look for new ways. ASK QUESTIONS! Stop and listen to the answer. They experiment. They work like their jobs are at stake because they are. As domainers with targeted traffic we are right on their path once they figure out where their path is....

Just move up the post a little...
http://www.ricksblog.com/my_weblog/2....html#comments

Rick Schwartz: Domain King or Royal Pain?
http://www.dnjournal.com/columns/cover020204.htm

Phil

The Important Thing To Remember...
 

Is that this domainer has been working the business for 10-years. Not exactly an "over-night-success" story.

Also, I saw where he said in one story he paid "between $70 and $100" for the domain in 1997. Therefore, he's been not only sitting on it, but paying his $10 a year to keep the name.

All in all, pretty darn good investment from where I sit! :)

Pete

Re: The Important Thing To Remember...
 

interesting ...how do you find all those 'vacant' names ?

he has 6000 ...?

"Vacant" names..
 

Bob,

It just takes a bit of work. :)

I've got a list of several hundred available domain names that I check daily to see if they are still available. If I had the bucks, I'd own every single one of them!

The key to the whole thing is really taking the time for research.

I see an awful lot of "junk" names up for sale for $5-$10 because folks just rushed off and registered something they "thought" was catchy. It wasn't, and now they want to dump 'em.

One guy came to me with a list of 24-names he wanted to sell ($5-$6 each). I can't even give 'em away ! They don't make sense, would probably never be searched for, and are a pure waste of money.

Then again, I've got domains listed on my portfolio site with prices ranging upwards of $250,000. The right buyer will probably pay that.. or more. It's just a matter of finding the buyer.

Research, research, research.

Pete