MJ DeMarco
I followed the science; all I found was money.
Staff member
FASTLANE INSIDER
EPIC CONTRIBUTOR
LEGACY MEMBER
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
For anyone considering a web business, I advise this: Buy domain names for all your ideas, regardless if you ever pursue the idea.
Since 1997, I've been "collecting" domain names for e-business ideas that I sporadically think of. To date, I have dozens of domain names of value; all in the top-level domain "dot-com". Now, none of these names are developed into any business however they are now worth $1000's and I paid a few hundred dollars for them.
Anytime I had an e-business idea, I brainstormed, found a name, and registered it.
Domain assets, specifically DOT-COM names of value, are going to start rapidly appreciating. Like land, .COM names are a scarce commodity that is ever declining in supply. DOT COM is the BoardWalk of top-level domain names. No matter how many .this and .that they invent, .COM will always command a premium price.
Years ago, there were plenty of names to be picked up on the cheap. Nowadays, it is really difficult to find good, brandable Dot-Com domain names.
I'm not talking about "The-great-store-online.com" which is garbage, but short, memorable, phrased, and brandable names which can command a value in the future.
If you have an idea, think of a brandable name, and buy it -- assuming its available. If it is, it won't be available long.
Last year, I thought of an idea and went to register the name "FastForSale.com" -- to my surprise, it was available. Instead of immediately registering it (I was at my GF house when I did the search), I waited the next day. It was gone the following day when I went to buy it. :bgh:
In a few years, the secondary markets for decent dot-com domain assets should start rapidly appreciating. A $30 investment could turn to $30,000. Moreover, you really want to secure a name for your idea with the possibility that you might develop it, or someone else might come along and offer to buy it.
Cheers,
MJ
Since 1997, I've been "collecting" domain names for e-business ideas that I sporadically think of. To date, I have dozens of domain names of value; all in the top-level domain "dot-com". Now, none of these names are developed into any business however they are now worth $1000's and I paid a few hundred dollars for them.
Anytime I had an e-business idea, I brainstormed, found a name, and registered it.
Domain assets, specifically DOT-COM names of value, are going to start rapidly appreciating. Like land, .COM names are a scarce commodity that is ever declining in supply. DOT COM is the BoardWalk of top-level domain names. No matter how many .this and .that they invent, .COM will always command a premium price.
Years ago, there were plenty of names to be picked up on the cheap. Nowadays, it is really difficult to find good, brandable Dot-Com domain names.
I'm not talking about "The-great-store-online.com" which is garbage, but short, memorable, phrased, and brandable names which can command a value in the future.
If you have an idea, think of a brandable name, and buy it -- assuming its available. If it is, it won't be available long.
Last year, I thought of an idea and went to register the name "FastForSale.com" -- to my surprise, it was available. Instead of immediately registering it (I was at my GF house when I did the search), I waited the next day. It was gone the following day when I went to buy it. :bgh:
In a few years, the secondary markets for decent dot-com domain assets should start rapidly appreciating. A $30 investment could turn to $30,000. Moreover, you really want to secure a name for your idea with the possibility that you might develop it, or someone else might come along and offer to buy it.
Cheers,
MJ
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
enxovjtvaqof: huuf efwodi 
