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I read that there is another new
product that will make you a fortune selling domain names,
the addresses of sites (www…)
I wrote about this in a guest post:
Scams and Limited Markets Limited Markets
These are not scams, but offer buyers less than they might expect. Arbitrage (risk-free profit): This is buying in one market and selling in another market at the same time. Apart from having to buy as well as
sell (twice the work), a risk-free profit appeals to most of us. I teach arbitrage and it always
disappears quickly. You have to be fast in and leave before the rest arrive. There is no mass market for arbitrage.
Also, the software designer/seller has
a head start on you for the same business. We have chosen making money online as
it has millions of potential buyers. The buyers are far less in the following examples: Domain Names
A number of professional firms operate in this market. Between them, most of the arbitrage opportunities have been recognized and eliminated. Why do you think that you will
repeatedly find what they cannot? The only people interested in
robinjoyce.com are me, those who share my name
(and want a website with our name) and speculators who want to hold us to ransom. Nobody else! Today, we can use another suffix (mine
is .site) to avoid dealing with the speculators. Also, the speculator has to buy, or
control, the domain name. This is an investment in inventory. Read the rest here:
An update: I did make bids to buy the
.com version of my two sites. I did not receive any replies.
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My guest post on 3 top IM blogs:
Scams and Limited MarketsPLEASE SHARE IT!
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Enjoy!
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