That “fool” who thought Cybersquatting is stupid doesn’t know Jack!
Domain names are the real estate of the Web. Traditionally, Real Estate Agents buy and sell houses for a profit, and so as domain names buyers and sellers.
So what’s the difference between a Real Estate Agent and Domain Name Agent?
Entrepreneurial geeks register or buy domain names and resell them for a profit or park them to generate passive income from click-ads. Michael Mann is one of the successful examples of buying and selling domain names. According to Business Insider, his domain kick started in the late ’90s, when he paid $70 for Menus.com and was offered $50,000 to sell it.
Mann has since made a multi-million dollar business out of snatching up domains. He created BuyDomains and sold it to Highland Capital in 2005 for $80 million. His newest domain business, DomainMarket.com, generates $400,000 every month. Mann buys roughly 300 domains per day.
If you think this is a foolish way of making a living; then you don’t know jack about business and entrepreneurship. And you’re just a fool!